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Cincinnati Monetary appoints new CEO and board members 

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Cincinnati Monetary appoints new CEO and board members 

US insurer Cincinnati Monetary has introduced a key management reshuffle, with present president Stephen Spray set to grow to be the brand new CEO in Could.  

He’ll succeed Steven Johnston, who will proceed as government chairman, specializing in sustaining key relationships throughout the {industry}. 

Spray joined Cincinnati Monetary in 1991.  

His expertise spans gross sales, advertising, underwriting and government management, together with the institution of the Cincinnati Specialty Underwriters Insurance coverage Firm. 

As well as, the insurer has expanded its board of administrators, including two new seats.  

Peter Wu joins as an impartial director, whereas Spray can even function a non-independent director.  

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Wu and Spray have additionally been appointed to key committees, efficient instantly. 

Wu, who has a background in insurance coverage analytics and rising applied sciences, brings greater than 30 years of expertise.  

He has been related to Boston Consulting Group since 2022.   

At BCG, Wu supplied steerage on knowledge science, synthetic intelligence and insurance coverage analytics, with an emphasis on new applied sciences and the way they have an effect on the insurance coverage sector. 

Earlier than that, he labored at Deloitte Consulting, the place he co-founded a group targeted on superior analytics options for the insurance coverage sector. 

Johnston stated: “Steve is the perfect candidate to steer the corporate ahead. He’s a considerate, strategic and confirmed chief with a deep understanding of the right way to keep our industry-leading profitability and progress and of the worth of the relationships we take pleasure in with our brokers.  

“Our shareholders profit from our extremely engaged board of administrators who deliver their big selection of experiences and abilities. Peter’s expertise in knowledge analytics and synthetic intelligence will assist our ongoing efforts to harness the facility of those new applied sciences, whereas Steve’s deep understanding of our enterprise mannequin and the company relationships that differentiate us will improve board discussions.” 


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