The Cincinnati Insurance Co., the lead property/casualty subsidiary of Cincinnati Financial Corp., will begin writing business in Connecticut through Rose & Kiernan Inc., an independent insurance agency serving Danbury, Conn. The agency is a branch of Rose & Kiernan Inc. in East Greenbush, N.Y., which has represented Cincinnati since 2001.
Connecticut is 38th state of operation for Cincinnati Insurance Co.
Connecticut’s favorable regulatory and political environment and its stable weather patterns are a few of the reasons the insurer entered the state, said President and CEO of Connecticut Insurance Co. Kenneth W. Stecher.
“Opening Connecticut continues our expansion initiative that, in recent years, has focused almost exclusively in the West. In New Mexico and eastern Washington, states entered in 2007, we appointed 13 agencies through 2009, earning an almost 5 percent share of their total agency annual premium volume as of the end of 2009. In Texas, entered in late 2008, net written premiums for the first six months of 2010 rose to $15 million compared with $3 million for the same period of 2009.”
Vincent M. Sinopoli has been hired as a field marketing rep to provide local support to agents in this new western Connecticut and southeastern New York territory. Sinopoli will meet with additional agencies for possible appointments in the future.
Source: Cincinnati Financial Corp., www.cinfin.com
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