Cincinnati Financial Corp. announced earlier this month that Stephen M. Spray, senior vice president, will transition to commercial insurance operations at Cincinnati Insurance effective Jan. 1, 2016, establishing the leadership perpetuation plan for the segment.
Bud Stoneburner continues to manage daily commercial insurance operations as senior vice president– commercial lines.
Spray, an insurance industry veteran with more than 25 years of experience, has been an agent, an underwriter and a field marketing representative. He most recently was responsible for property/casualty insurance sales and marketing, including management of field underwriters and independent agency relationships.
Sean M. Givler, secretary, will assume the leadership of P/C insurance sales and marketing operations on Jan. 1.
Givler currently oversees field marketing representatives and agency relationships in Alabama, Montana, Pennsylvania, Tennessee and Texas.
Since joining the company in 1997, he has held positions of increasing authority and responsibility in underwriting and field sales marketing, and was appointed as an officer of Cincinnati Insurance in 2012.
Coinciding with the commercial lines announcements, Cincinnati Financial also announced the retirements of its chief accounting officer and the president of Cincinnati Life Insurance Company.
Eric M. Mathews, CPCU, AIAF, principal accounting officer, vice president of Cincinnati Financial, and senior vice president for the insurance subsidiaries, is scheduled to will retire on July 29, 2016.
Effective immediately, Theresa A. Hoffer, vice president and treasurer of The Cincinnati Insurance Company, begins to assume additional corporate accounting duties as Mathews nears retirement.
In her 35-year accounting career at Cincinnati, Hoffer has assumed increasing levels of responsibility within the accounting operation, including overseeing the implementation and integration of new accounting technology systems.
Mathews joined the company in 1978 and quickly advanced through the accounting department. He was instrumental in developing the processes and procedures that have earned the company a reputation for ethical and transparent accounting disclosures, Cincinnati Financial said.
On the life side of the company, David H. Popplewell, FALU, LLIF, president and chief operating officer of The Cincinnati Life Insurance Company, will retire Dec. 31, 2015.
Roger A. Brown, FSA, MAAA, CLU, will assume leadership of the subsidiary as senior vice president and chief operating officer effective Jan. 1, 2016.
Brown joined Cincinnati Life in 1997, after serving for four years as a member of the U.S. Army, achieving the rank of captain. Brown also served in the Army for nine months during 2003 in support of Operation Enduring Freedom. He was appointed as an officer of Cincinnati Life in 2007, moving the ranks to head up the subsidiary’s actuarial department in 2010.
Also effective Jan. 1, 2016, in connection with these leadership transitions, Steven J. Johnston, FCAS, MAAA, CFA, CERA, chief executive officer, becomes president of the life subsidiary, aligning his title across all Cincinnati Financial insurance subsidiaries. In addition, actuarial officers C. Elaine Mackey, FSA, MAAA, CLU, and Michael T. Tiernan, FSA, MAAA, CPCU, are promoted to secretary.
Source: Cincinnati Financial Corporation