CINCINNATI--(BUSINESS WIRE)--Frank J. Scheckton, Jr., Divisional President, Fidelity / Crime, will retire on September 16, after a distinguished career with Great American Insurance Group.
Mr. Scheckton has dedicated his insurance career to the specialty fidelity and crime business, where he is respected and recognized as an industry leader. He was the first to create a telephone fraud policy internationally which resulted in him testifying before the Federal Communications Commission on Telephone Fraud.
Mr. Scheckton joined the Company in 1995 and under his leadership, Great American’s Fidelity / Crime Division was the first to define cryptocurrency and include Bitcoin in a crime policy, and the first to offer a $100 million armored car facility in North America. In addition, the Division has become the largest monoline writer of crime insurance in North America and the largest crime writer of Native American risks. The Division also introduced fine art coverage in 2017.
“I am honored to have worked with Frank for many years. He is an innovative leader and his contributions to our company have been instrumental to the Fidelity / Crime Division’s outstanding track record of excellence. This business continues to be one of Great American’s most specialized operations,” said Bruce Smith, Senior Vice President. “We thank Frank for his many contributions and wish him all the best in his next life adventure.”
Stephanie M. Hoboth succeeds Mr. Scheckton as president of the Division. She joined Fidelity / Crime in 1997 and previously served as Divisional Senior Vice President.
With more than 25 years of protecting virtually every class of business from crime-related losses, Great American’s Fidelity / Crime Division has a depth of experience in both underwriting and claims that is unmatched in the marketplace. As one of the largest monoline crime insurers in the hemisphere, the Fidelity / Crime Division maintains $50 million in underwriting capacity for private and public businesses, financial institutions and governmental entities, and $65 million in a broad kidnap, ransom & extortion policy. Additionally, Fidelity / Crime offers specialized products and programs for casinos and gaming operations, armored car companies, fine art, mining risks, ATM companies, security guards and check cashers.
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.