CINCINNATI--(BUSINESS WIRE)--Great American Insurance Group is pleased to announce the hiring of Richard (Rich) Suter as Divisional Vice President of the Property and Casualty Group’s Alternative Markets Division. In his new role, Mr. Suter will lead the marketing efforts for the Alternative Markets Division as well as oversee the development of the new Elite Program platform. This new distribution model will create an exclusive relationship with retail agents who have distinguished themselves as niche industry specialists handling retail accounts, with a focus on package business. He will be based in Hartford, Connecticut.
Mr. Suter is a graduate of the United States Military Academy at West Point. After serving in the Army and attaining the rank of Captain, he graduated from Temple University Beasley School of Law. He practiced law privately for several years before joining St. Paul as an Underwriting Director of Small Commercial Accounts. Mr. Suter spent the past eight years as Assistant Vice President for The Hartford, where he was responsible for all business development in the company’s Captive and Specialty Programs Division. He can be reached at 860-919-9831 or email@example.com.
About Great American’s Alternative Markets Division
The Alternative Markets Division of Great American Insurance has been building long-term, profitable captive insurance relationships since 1999. This division structures coverage in a highly flexible manner to meet the needs of risk-sharing agents and clients, maximizing resources and leveraging assets in order to position them for success. The Division’s flagship product is the agency captive, a risk-sharing model designed for retail agents who wish to take risk on their own business as an alternative to traditional profit-sharing. Alternative Markets also offers competitive association, group and single entity captive solutions.
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. 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.