Cincinnati Financial Corp. News

Cincinnati Insurance to Open Facility at U. of Cincinnati’s Innovation Hub

Cincinnati Financial Corp.’s property casualty subsidiary, Cincinnati Insurance Co., will open an innovation center within the University of Cincinnati’s 1819 Innovation Hub in early 2019, the company said. UC is one of 115 institutions that are classified as “R1: Doctoral …

Cincinnati Financial to Acquire London Specialty Underwriter from Munich Re

In a bid to diversify its earnings and expand its markets beyond the U.S., Cincinnati Financial Corp. has agreed to acquire MSP Underwriting Limited, a London-based global specialty underwriter and subsidiary of Munich Re. The proposed all-cash transaction is for …

Cincinnati Financial’s Scherer to Retire in Year; Company Announces Executive Changes

Cincinnati Financial Corp. announced that Jacob F. Scherer Jr., chief insurance officer and executive vice president of its lead subsidiary, The Cincinnati Insurance Co., plans to retire in August 2019. The company also announced his replacement and other leadership changes …

Cincinnati Financial Corp. Says Q3 Cat Losses Could Rise to $114M

Cincinnati Financial Corp. has announced that the Cincinnati Insurance Companies’ property/casualty group expects its third-quarter results to include pretax catastrophe losses of approximately $102 million to $114 million. The company said the impact on the third-quarter 2017 combined ratio would …

Stoneburner to Retire; Spray to Lead Commercial Lines at Cincinnati Insurance

Cincinnati Financial Corp. announced that Charles P. (Bud) Stoneburner II, senior vice president – commercial lines for its lead subsidiary, Cincinnati Insurance Co., will retire within the next six months. Upon his retirement, Stephen M. Spray, senior vice president, head …

The Cincinnati Insurance Co. Adds 3 to the Cincinnati Re Team

Cincinnati Financial Corp. announced that R. Philip Sandercox, Erin A. Skala and Wendy A. Hayes joined The Cincinnati Insurance Co., adding expertise to Cincinnati Re, its reinsurance assumed operation. Sandercox, managing director, head of specialty casualty reinsurance, will oversee the …

Cincinnati Financial Corp. Reports $160M-$170M in Q2 Storm Losses

Cincinnati Financial Corp. reported that the Cincinnati Insurance Companies’ property/casualty group expects its second-quarter results to include pretax catastrophe losses of approximately $160 million to $170 million. That loss amount represents an impact on the second-quarter 2016 combined ratio of …

Cincinnati Insurance Announces Property/Casualty Leadership Changes

Cincinnati Financial Corp. announced that Stephen M. Spray, senior vice president, will transition to commercial insurance operations at Cincinnati Insurance effective Jan. 1, 2016, establishing the leadership perpetuation plan for the segment. Also on Jan. 1, Sean M. Givler, secretary, …