CinFin taps Spray US subsidiaries president in management reshuffle
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CinFin taps Spray US subsidiaries president in management reshuffle


Cincinnati Financial Corporation has named its current senior vice president and chief insurance officer Stephen Spray president of all its US subsidiaries.

The carrier also elected Spray to the board of directors of CFC Investment Company and to the board of its P&C insurance subsidiaries.

The executive joined CinFin in June of 1991 as field underwriter. Since then, he has worked in various positions including commercial lines senior vice president, and as chief insurance officer since January 2019.

Along with Spray’s promotion, the company appointed its senior vice president and chief claims officer Marc J Schambow to the boards of all its property casualty insurance subsidiaries.

Industry veteran Schambow was promoted to the claims top role at the regional carrier almost a year ago, replacing Martin Mullen, who had announced his retirement.

The Ohio-based carrier announced the new board appointments following a regular board meeting, in which five executives were tapped as executive vice presidents, including chief risk officer Teresa Cracas, chief investment officer Martin Hollenbeck, chief information officer John Kellington, chief legal officer Lisa Love and CFO Michael Sewell.

The management reshuffle also included the promotion of pricing and predictive analytics vice president Luyang Fu as the insurer’s new chief actuary.

Fu joined CinFin in October 2011 as head of predictive analytics and assistant vice president. Before that, the executive served for almost six years as director of predictive modeling at State Auto following a two-year stint at Grange Insurance, where he worked as pricing actuary.

The company announced the promotion of 21 executives to vice president roles and other 27 to assistant vice president positions, as well as two lawyers as associate corporate counsels.

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