Press Release

Great American Insurance Group Announces the Retirement of Phil Lally, Divisional President, FCIA – Trade Credit & Political Risk

CINCINNATI – July 7, 2022 – Great American Insurance Group announces the retirement of Phil Lally, Divisional President, FCIA – Trade Credit & Political Risk, effective July 15, 2022.

Mr. Lally began his 31-year career at Great American in 1991 as a Divisional Vice President and Treasurer. Since that time, he has held positions of increasing responsibility, including serving as Divisional President of FCIA since 2015. “I am honored to have worked with Phil over the past few years and thank him for his leadership, deep expertise and contributions,” said Bruce Smith, Senior Vice President.

Mr. Lally is succeeded by Michael (Mike) B. Mulvey, who joined FCIA in 2012 and previously served as Divisional Senior Vice President of FCIA.

About FCIA

FCIA has been a member of Great American Insurance Group since 1991. FCIA underwrites and services Trade Credit & Political Risk Insurance policies issued by Great American Insurance Company. FCIA's associated organization, the Foreign Credit Insurance Association, pioneered export credit insurance in the United States in 1961. FCIA offers export and domestic Trade Credit Insurance as well as a wide variety of Specialty Trade Credit and Political Risk products that facilitate global trade and related financing activities. With over six decades of service, FCIA's seasoned team of credit professionals has a well-established track record of providing customized solutions to meet its insureds’ unique needs.

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 specialized commercial products for businesses. 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 December 3, 2021). 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.


Diane P. Weidner, IRC
Vice President, Investor & Media Relations
American Financial Group, Inc.