Ohio Indemnity Co., a wholly-owned subsidiary of Bancinsurance Corp. announced the promotion of Daniel J. Stephan to senior vice president of marketing and Thomas F. Ryan to assistant vice president of claims.
Stephan has served as vice president of marketing since joining the company in May 2000. Prior to joining Ohio Indemnity, Dan owned Promark Specialty Insurance, an independent insurance agency and consulting firm. He served as the general manager of the lender products division of Markel American Insurance Co. from 1997 to 1999 and prior to that was product manager for the financial services division of the Progressive Corp.
Tom Ryan joined Ohio Indemnity as claims manager in December 2001. He is responsible for the overall quality and cost effectiveness of the claims operation involving Ultimate Total Loss Insurance, Creditor Placed Insurance, Guaranteed Auto Protection, and Aggregate Limit policies. Ryan was employed at Allstate Insurance Co. from 1985 to 2001 in various claims management positions in the auto and property departments.
Ohio Indemnity’s automobile lender/dealer insurance products protect banks and other lenders against risk arising from theft or damage to certain loan collateral where the borrower has failed to secure or maintain adequate insurance coverage. Its surety products include bonds for unemployment insurance servicing commitments for national administrative firms that perform services for non-profit organizations as well as bail bond coverage.