Great American Notes Executive Liability Division Moves

March 23, 2005

Cincinnati-based Great American Insurance Group recently announced three promotions in its Schaumburg, Ill.-based executive liability division.

Michael D. Pierce was promoted to corporate senior vice president of Great American. Pierce assumes the role of group reporting officer for the executive liability division, the bond operations (surety and fidelity/crime) and the foreign credit insurance business. Prior to this promotion, Pierce had been divisional president of Great American’s executive liability division since 2000.

Bruce R. Smith Jr., meanwhile, was named divisional president of the executive liability division. Smith is responsible for the underwriting, marketing, claims and administration of the division which specializes in corporate and organization professional liability. Smith joined Great American’s executive liability division in 1992 and prior to this promotion was executive vice president of underwriting for the division.

Lastly, Kevin P. Gadbois was promoted to divisional executive vice president of the executive liability division. Gadbois also joined the division in 1992, leaving in 1996 to spend three years in the Bermuda market. He returned to the executive liability division in 1999. In addition to his role as chief claims officer, Gadbois also has responsibility for human resources and the regulatory/compliance functions of the executive liability division.

Great American’s executive liability division has reportedly been a prominent market for directors and officers liability insurance since 1986. In addition to D&O, the division specializes in professional liability for nonprofit associatins, employment practices liability and fiduciary liability insurance products. The division also has regional offices in Chicago, New York and San Diego.

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