Great American Insurance Group Announces Leadership Succession Plans
CINCINNATI -- December 6, 2016 -- Great American Insurance Group is pleased to announce that Gary J. Gruber was named President and Chief Operating Officer of Great American Insurance Company, effective January 1, 2017. Mr. Gruber will become the 17th President in Great American’s 145-year history, assuming this title from Donald D. Larson, who has held the position of President and Chief Operating Officer for the past seven years, and was the senior reporting officer within Great American’s P&C Group for the past 18 years. Mr. Larson recently announced that he will retire effective March 10, 2017, after more than 43 years of distinguished service to the Company.
Carl H. Lindner III, Co-Chief Executive Officer, American Financial Group, stated, “We are excited to promote Gary Gruber to President and Chief Operating Officer of Great American, given his outstanding executive leadership abilities and approximately 40-year tenure within our operations. We are also grateful for Don’s tremendous contributions to Great American over his 43 years with the Company.”
Mr. Gruber has served as Executive Vice President for the Great American Property and Casualty Insurance Group since 2010. He currently serves as a member of Great American's Board of Directors and recently served on the Board of Directors of National Interstate Corporation, prior to its merger with Great American Insurance Company. Mr. Gruber started his career with Great American Insurance Company in 1977, and served in both financial and operational roles within the organization. He held various positions including Vice President of Accounting, Controller, and Senior Vice President & Treasurer. In 1995, Gary moved into an operational reporting officer role. While in this role, he worked directly with the majority of our specialty property and casualty businesses as well as a number of our business services teams, including Reinsurance and Predictive Analytics.
Mr. Gruber is a graduate of the University of Cincinnati, graduating with a Bachelor of Business Administration in Finance, and is a Certified Public Accountant (inactive). He is a member of the Board of Trustees for St. Xavier High School and the Athenaeum of Ohio.
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 fixed-indexed annuities in the retail, financial institutions and education markets. Great American Insurance Company has received an “A” (Excellent) or higher rating from the A.M. Best Company for more than 100 years (most recent rating evaluation of “A+” (Superior) affirmed May 12, 2016). 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.
Great American Insurance Group
Diane P. Weidner, 513-369-5713