Great American Insurance Co. News

Consolino Resigns as Executive VP, CFO at American Financial Group

Joseph E. (Jeff) Consolino has resigned from his position of executive vice president and CFO at Cincinnati, Ohio-based American Financial Group Inc., the company said. Effective June 12, Consolino leaves AFG to pursue another opportunity in the insurance industry. In …

Great American Insurance Names Liberty Mutual’s Artin to Cyber Liability Team

Great American Insurance Group has hired Kelli Artin as divisional vice president of Cyber Liability. Artin will focus on the distribution strategy and marketing of the company’s cyber risk insurance offerings. Artin most recently served as a vice president with …

Besnia, Formerly with Chubb, Joins Great American Insurance

Great American Insurance Group has hired Kerry Besnia as divisional vice president within its Property and Casualty Group. In his new role, Besnia will be focused on developing new distribution sources while utilizing his underwriting background to uncover business opportunities. …

Great American Insurance to Acquire National Interstate Corporation

National Interstate Corp. (National Interstate), based in Richfield, Ohio, announced it has agreed to be acquired by Great American Insurance Co. (Great American), a wholly-owned subsidiary of American Financial Group Inc. (AFG). Under the terms of the agreement, Great American …

National Interstate Rejects Stock Bid from Great American Insurance

National Interstate Corp., Richfield, Ohio, has rejected a verbal proposal from Great American Insurance Co., a wholly-owned subsidiary of American Financial Group Inc., to pay $30.75 per share of common stock of the company for the outstanding shares of the …

Oregon Shakespeare Festival Insurer Breached Contract: Judge

The Oregon Shakespeare Festival can go to trial or pursue a settlement under a judge’s ruling that an insurer should have covered damage and cancellations related to wildfire smoke. The Mail Tribune reported Judge Mark Clarke dismissed the festival’s claim …

Great American Insurance Establishes Specialty P&C Division in Mexico

Great American Insurance Group announced today that the Mexican Insurance Commission has granted formal approval to extend the license of its local company, El Águila Compañía de Seguros, S.A. de C.V., to establish a specialty property & casualty operation in …

American Financial Offers to Buy Rest of Insurer National Interstate for $293M

About two years after withdrawing a similar offer, American Financial Group Inc. is proposing to acquire all of the outstanding common shares of specialty transportation insurer National Interstate Corp. that its subsidiary, Great American Insurance Co., does not already own. …

Great American Expands Capacity for Pollution Products

Great American Insurance Group has expanded its complete pollution product line policy aggregate limits of liability to $50 million per loss/$100 million. This expanded capacity can be offered on both a primary layer or on an excess of loss basis. …

Great American Launches Bitcoin Coverage for Commercial, Governmental Entities

Great American Insurance Group’s Fidelity/Crime Division has launched commercial coverage for bitcoins, a virtual online peer-to-peer medium of exchange. Bitcoins are used as a method of exchange by which transactions are conducted to buy and sell merchandise without a go-between, …