CINCINNATI--(BUSINESS WIRE)--Great American Insurance Group announces the retirement of Gary T. Dunbar, Divisional President within its Property & Casualty Group’s Bond Division, effective April 2021.
Mr. Dunbar began his 31-year career at Great American in 1989 as a Divisional Assistant Vice President. Since that time, he has held positions of increasing responsibility, including serving as Divisional President since February 1993. “Under Gary’s leadership, the Bond Division quadrupled in premium and achieved 16 years of consecutive profitability,” said David Thompson, Executive Vice President, Property & Casualty Group.
Mr. Dunbar was an active member of the industry, serving on the Executive Committee of the Surety and Fidelity Association of America (SFAA) for 10 years and as Chair of the SFAA Board of Directors from 2005 through 2007.
Mr. Dunbar will be succeeded by Kenneth (Ken) R. Bearley, Divisional Executive Vice President of the Bond Division. Mr. Bearley joined Great American in 1994.
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 in the retail, financial institutions, broker-dealer and registered investment advisor markets. Great American Insurance Company has received an “A” (Excellent) or higher rating from the A.M. Best Company for more than 110 years (most recent rating evaluation of “A+” (Superior) affirmed September 11, 2019). The members of 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 under the symbol AFG.