Vincent McLenaghan to Join Great American Insurance Group, Overseeing its International P&C Operations

CINCINNATI--(BUSINESS WIRE)--Great American Insurance Group announced that Vincent McLenaghan has agreed to join Great American Insurance Group’s Property and Casualty operations, subject to execution of a formal employment agreement after July 21, 2012. It is anticipated that Mr. McLenaghan will begin his employment with Great American on July 30, 2012 as Executive Vice President. He will have primary responsibility for leadership of Great American’s international P&C operations, including oversight of the P&C Group’s expansion strategy in the international insurance marketplace.

Mr. McLenaghan most recently served as Chief Executive Officer of QBE’s Australia Asia Pacific Division. Prior to this role, he served in a variety of leadership roles within the QBE organization for over 15 years.

About Great American Insurance Group

Great American Insurance Group’s roots go back to 1872 with the founding of its flagship company, Great American Insurance Company. Based in Cincinnati, Ohio, the operations of Great American Insurance Group are engaged primarily in property and casualty insurance, focusing on specialty commercial products for businesses, and in the sale of traditional fixed and indexed annuities and a variety of supplemental insurance products such as Medicare supplement. (In May 2012, the Company reached a definitive agreement to sell its core supplemental insurance operations to Cigna Corporation; the transaction is expected to close in the third quarter of 2012). Great American Insurance Company has received an “A” (Excellent) or higher rating from the A.M. Best Company for over 100 years (most recent rating evaluation effective March 29, 2012). The members of the Great American Insurance Group are subsidiaries of American Financial Group, Inc. (AFG), also based in Cincinnati, Ohio. AFG’s common stock is listed and traded on the New York Stock Exchange and the Nasdaq Global Select Market under the symbol AFG.