Insurance company Progressive Corp. said that it named JPMorgan Chase & Co. executive Heidi Miller as a board member and authorized a share buyback.
Miller, 58, will serve a term that ends at Progressive’s annual shareholders meeting in April 2012. Miller is president of international operations at J.P. Morgan and jointly leads J.P. Morgan Global Corporate Bank. She is also a member of the operating committee at JPMorgan Chase.
Progressive also said its board approved the repurchase of up to 75 million shares of its common stock. This is in addition to about 12.5 million shares left under an existing buyback as of May 31.
Progressive is based in Mayfield Village, Ohio.
Was this article valuable?
Here are more articles you may enjoy.
CRC Group Signs Agreement to Acquire Euclid Transactional 
Kansas Man Sentenced to Probation for Insurance Fraud 
Good Times for US P/C Insurers May Not Last; Auto Challenges Ahead 
Howden US Tells Judge Brown & Brown Employees Fled Due to ‘Mistreatment’ 
