CINCINNATI--(BUSINESS WIRE)--Great American Insurance Group announced the launch of its Public Sector Alternative Risk Division. This Division will offer a comprehensive list of coverages in the reinsurance and excess insurance markets for Pools, Trusts, Joint Powers Authorities (JPAs), Reciprocals and Captives in the Public Entity space. Targeted classes include: municipalities, schools, counties, housing authorities, and other special service districts with minimum self-insured retentions of $100,000. Coverage is available in all 50 states.
The Public Sector Alternative Risk Division office will report to Mr. Gary Powers, Divisional President, Great American’s Property and Casualty Insurance Group and will be based in Richmond, Virginia. The Division will be accepting new business beginning August 1, 2012. Mr. Powers stated: “Great American is committed to serving the Public Sector marketplace. We are focused on providing specialized insurance solutions that meet its unique business needs.”
In connection with the launch of this Division, Great American also announced the hiring of Scott Rohr as Divisional President. Mr. Rohr has 21 years of experience working exclusively in Public Entity business with an emphasis on underwriting, sales and management. Additionally, Great American hired Andrew Kay as Divisional Vice President. Mr. Kay has seven years of experience in Public Entity business including pricing, underwriting and operations. Mr. Rohr and Mr. Kay will report to Mr. Powers.
Mr. Don Larson, President and Chief Operating Officer of Great American’s Property and Casualty Insurance Group, commented: “Our new Public Sector Alternative Risk Division is a good example of how we continue to grow our specialty P&C business. Our outstanding professional underwriting talent is provided with capital, security, and back office support, to position them to operate and grow the Division in an entrepreneurial manner. We are pleased to welcome Scott and Andrew to Great American.”
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 in a transaction 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.
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