CINCINNATI, September 08, 2022–(BUSINESS WIRE)–Frank J. Scheckton, Jr., Divisional President, Constancy / Crime, will retire on September 16, after a distinguished profession with Nice American Insurance coverage Group.
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Frank J. Scheckton, Jr. (Picture: Enterprise Wire)
Mr. Scheckton has devoted his insurance coverage profession to the specialty constancy and crime enterprise, the place he’s revered and acknowledged as an business chief. He was the primary to create a phone fraud coverage internationally which resulted in him testifying earlier than the Federal Communications Fee on Phone Fraud.
Mr. Scheckton joined the Firm in 1995 and below his management, Nice American’s Constancy / Crime Division was the primary to outline cryptocurrency and embody Bitcoin in against the law coverage, and the primary to supply a $100 million armored automotive facility in North America. As well as, the Division has turn into the biggest monoline author of crime insurance coverage in North America and the biggest crime author of Native American dangers. The Division additionally launched tremendous artwork protection in 2017.
“I’m honored to have labored with Frank for a few years. He’s an progressive chief and his contributions to our firm have been instrumental to the Constancy / Crime Division’s excellent observe document of excellence. This enterprise continues to be one in every of Nice American’s most specialised operations,” mentioned Bruce Smith, Senior Vice President. “We thank Frank for his many contributions and want him all the perfect in his subsequent life journey.”
Stephanie M. Hoboth succeeds Mr. Scheckton as president of the Division. She joined Constancy / Crime in 1997 and beforehand served as Divisional Senior Vice President.
About Nice American’s Constancy / Crime Division
With greater than 25 years of defending just about each class of enterprise from crime-related losses, Nice American’s Constancy / Crime Division has a depth of expertise in each underwriting and claims that’s unmatched within the market. As one of many largest monoline crime insurers within the hemisphere, the Constancy / Crime Division maintains $50 million in underwriting capability for personal and public companies, monetary establishments and governmental entities, and $65 million in a broad kidnap, ransom & extortion coverage. Moreover, Constancy / Crime affords specialised merchandise and applications for casinos and gaming operations, armored automotive corporations, tremendous artwork, mining dangers, ATM corporations, safety guards and examine cashers.
About Nice American Insurance coverage Group
Nice American Insurance coverage Group’s roots return to 1872 with the founding of its flagship firm, Nice American Insurance coverage Firm. Primarily based in Cincinnati, Ohio, the operations of Nice American Insurance coverage Group are engaged primarily in property and casualty insurance coverage, specializing in specialised business merchandise for companies. Nice American Insurance coverage Firm has acquired an “A” (Wonderful) or greater ranking from the A.M. Finest Firm for greater than 110 years (most up-to-date ranking analysis of “A+” (Superior) affirmed December 3, 2021). The members of Nice American Insurance coverage Group are subsidiaries of American Monetary Group, Inc. (AFG), additionally primarily based in Cincinnati, Ohio. AFG’s frequent inventory is listed and traded on the New York Inventory Change below the image AFG.
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Contacts
Diane P. Weidner, IRC
Vice President, Investor & Media Relations
American Monetary Group, Inc.
513-369-5713
Web sites:
www.GAIG.com
www.GAIG.com/for-businesses/division-details/fidelity-crime
www.AFGinc.com
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