Great American Insurance Group Announces Leadership Changes for Two of Its Specialty Insurance Divisions | Company

CINCINNATI–(BUSINESS WIRE)–June 8, 2022–

Great American Insurance Group recently announced the promotion of two division presidents to its Specialty Property & Casualty group in anticipation of expected retirements.

Michael (Mike) B. Mulvey has been appointed Division President within the FCIA – Trade Credit and Political Risk Division of Great American. Mr. Mulvey succeeds Phil Lally, who will retire in July after more than 31 years of distinguished service with the Society.

Mr. Mulvey joined FICA in 2012 as a Divisional Vice President, leading its claims and collections business. In 2021, he was promoted to division senior vice president and was responsible for reinsurance, compliance and corporate governance, as well as serving on the division’s credit committee. He brings over 30 years of experience to this position with expertise in claims and underwriting. Mr. Mulvey holds a Bachelor of Arts from Lehman College and a Juris Doctor (JD) from Pace University.

Additionally, the company recently promoted Stephanie M. Hoboth to Division President within its Fidelity/Crime division. Ms. Hoboth succeeds Frank Scheckton, who will retire in September after nearly 28 years of distinguished service with Great American.

Ms. Hoboth joined Fidelity/Crime in 1997 as the division’s sixth employee and has spent her entire career with Great American. Since then, she has held numerous leadership positions within the company and most recently served as Divisional Senior Vice President, overseeing most of Fidelity/Crime’s underwriting offices, its specialty underwriting group and IT functions. . Ms. Hoboth has been instrumental in the development of many initiatives, including a program business model and the Kidnap and Ransom program. Additionally, she was instrumental in helping the company become the largest Native American risk crime novelist in the United States.

Ms. Hoboth graduated magna cum laude from the University of Connecticut with a Bachelor of Arts. In 2016, she was named Elite Woman in Insurance by Insurance Company America.

About CIFA

FICA is a division of Great American Insurance Company. The FCIA underwrites and administers the credit and political risk insurance policies of Great American Insurance Company and has been part of the Great American Insurance group since 1991. The FCIA’s associate organization, the Foreign Credit Insurance Association, pioneered the export credit insurance in the United States in 1961. FICA provides export and domestic credit insurance as well as a wide variety of specialized trade credit and political risk products that facilitate global trade and related fundraising activities. With over six decades of service, FICA’s seasoned team of credit professionals has a well-established track record in providing customized solutions to meet the unique needs of its policyholders.

About the Fidelity/Crime Division of Great American

With more than 25 years of protecting virtually every class of business against crime-related losses, Great American’s Fidelity/Crime division has deep underwriting and claims experience that is unmatched in the market. As one of the largest single-line crime insurers in the hemisphere, the Fidelity/Crime division maintains an underwriting capacity of $50 million for private and public businesses, financial institutions and government entities, and $65 million dollars in a vast policy of kidnapping, ransom and extortion. Additionally, Fidelity/Crime offers specialty products and programs for casino and gaming operations, armored vehicle companies, mining hazards, ATM companies, security guards and check tellers, and insurance works of art for museums, galleries, private collections, libraries and restorers.

About Great American Insurance Group

The roots of Great American Insurance Group date back to 1872 with the founding of its flagship company, Great American Insurance Company. Headquartered in Cincinnati, Ohio, Great American Insurance Group’s operations are primarily engaged in property and casualty insurance, focusing on specialty commercial products for businesses. Great American Insurance Company has received an “A” (Excellent) or better rating from AM Best Company for over 110 years (last rating of “A+” (Superior) confirmed on December 3, 2021). Members of Great American Insurance Group are subsidiaries of American Financial Group, Inc. (AFG), also based in Cincinnati, Ohio. AFG’s common stock is listed and traded on the New York Stock Exchange under the symbol AFG.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220608005996/en/

CONTACT: Diane P. Weidner, IRC

Vice President, Investor and Media Relations

American Financial Group, Inc.

513-369-5713Websites:

www.GAIG.com

www.AFGinc.com

KEYWORD: OHIO UNITED STATES NORTH AMERICA

SECTOR KEYWORD: PROFESSIONAL SERVICES INSURANCE FINANCE

SOURCE: Large American insurance group

Copyright BusinessWire 2022.

PUBLISHED: 08/06/2022 14:00/DISC: 08/06/2022 14:02

http://www.businesswire.com/news/home/20220608005996/en

Copyright BusinessWire 2022.

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