Cincinnati Financial Corporation announced that Marc J. Schambow, chief claims officer for its property casualty subsidiaries led by The Cincinnati Insurance Company, will retire in January 2027. Schambow, who has served as top claims officer since 2020, caps a nearly 40-year career with the company. Todd V. McMillan, an industry veteran with nearly 30 years of experience, will assume executive responsibility for the claims teams upon Schambow's retirement. Additionally, executive oversight of claims operations will transition to Thomas C. Hogan, chief legal officer, as part of the restructuring. The company said the transition aims to ensure smooth leadership and enhance claims service.
Cincinnati Financial CorporationChief claims officer retirement and leadership transition announced; no clear financial or operational impact stated.
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