Cincinnati Financial Announces Leadership Changes

By Bobby Samwell • Thursday, December 12 15:25 • Permanent Link

Cincinnati Financial Corporation (NASDAQ: CINF) has announced key leadership changes to drive continued success in its insurance operations. The company is focusing on promoting experienced leaders to shape the strategy for its commercial/life operations and personal/specialty operations, effective January 1, 2025.

President & CEO Stephen M. Spray emphasized the company's profitable growth over the past decade and its commitment to adding products, capabilities, and geographies while maintaining a focus on financial strength and stability.

Here are the key leadership changes and their impact:

Sean M. Givler, CIC, CRM, Senior Vice President – Commercial Lines, will lead the commercial/life insurance operations, overseeing commercial lines, management liability & surety, sales & marketing, and the Cincinnati Life Insurance Company.
Will Van Den Heuvel, Senior Vice President – Personal Lines, will lead the personal/specialty insurance operations, overseeing personal lines, excess & surplus lines, Cincinnati Re®, and the company’s global specialty underwriter, Cincinnati Global Underwriters Ltd.

Both Givler and Van Den Heuvel will continue to report to Spray. Notably, Van Den Heuvel has nearly tripled the company’s personal lines net written premiums over the past decade and solidified its reputation as a premier provider of private client insurance.

Additionally, Teresa C. Cracas, Esq., Chief Risk Officer, will take on executive responsibility for corporate marketing & communications, human resources, and policyholder experience, while retaining oversight of strategic planning, actuarial, reinsurance ceded, and strategic innovation. She will continue to report to Spray as she works to drive efficiencies throughout the organization.

To fill the roles previously held by Givler and Van Den Heuvel, the following subsidiary officers are also promoted as of January 1:

Chet H. Swisher, Vice President – Commercial Lines, will assume direct responsibility for the company’s commercial lines operations, currently heading commercial key accounts.
Scott A. Schuler, Vice President – Personal Lines, will assume direct responsibility for the company's personal lines operations, currently leading personal lines underwriting.

These strategic leadership changes aim to position Cincinnati Financial Corporation for continued growth and success in the insurance industry, as the company prepares to celebrate 75 years of serving independent agents and their communities. Today the company's shares have moved 0.6% to a price of $152.61. For more information, read the company's full 8-K submission here.

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