American Financial Group, Inc. said John B. Berding has been elected president of AFG, effective immediately.
Berding will continue to serve as president of American Money Management Corporation (AMMC), AFG’s subsidiary providing investment management services to AFG, its insurance subsidiaries and certain third-party investment entities
The position of president was previously held by Carl H. Lindner III and S. Craig Lindner, who will continue to serve as AFG’s co-chief executive officers. Berding will work with the Lindners on matters of strategic planning and capital management.
Berding initially joined AFG as a co-op student at the University of Cincinnati. After graduation from the University of Chicago with a Master of Business Administration, he began working full time as an investment professional at AMMC. Since that time, he has held a number of executive positions with AMMC and other AFG subsidiaries, most recently serving as president of AMMC since 2011. Berding has served as a member of AFG’s Board of Directors since 2012.
AFG is the holding company of Great American Insurance Group, which focuses on specialized commercial products for businesses including crop. In May, AFG said it reached an agreement with American International Group (AIG) announced to purchase Crop Risk Services (CRS) from AIG.
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