Press release
Cincinnati Financial Chief Investment Officer Announces Retirement
CINCINNATI, June 21, 2022 /PRNewswire/ -- Cincinnati Financial Corporation (Nasdaq: CINF) announced that Martin F. Hollenbeck, CFA, CPCU, chief investment
About this update from Cincinnati Financial Corporation
[{"type":"text","content":"CINCINNATI, June 21, 2022 /PRNewswire/ -- Cincinnati Financial Corporation (Nasdaq: CINF) announced that Martin F. Hollenbeck, CFA, CPCU, chief investment officer, executive vice president, assistant secretary and assistant treasurer, provided notice on June 20, 2022, of his plan to retire on September 30.\nHollenbeck joined the company in 1987 as a personal lines underwriter and moved to the Investments department in 1993. He assumed leadership of the corporation's investment operations in 2008. During that time, he helped to develop the company's investment policy statement and grew the company's total investment portfolio to more than $23 billion as of March 31, 2022.\nSteven A. Soloria, CFA, CPCU, vice president, Investments, will assume executive responsibility for the investment operations of Cincinnati Financial Corporation and its U.S.-based subsidiaries upon Hollenbeck's retirement. Soloria is a seasoned professional with nearly 30 years of experience in Cincinnati's investment department. Steve joined the company in 1990 after graduating from the University of Cincinnati with a Bachelor of Business Administration, focusing on finance and marketing. He also earned his Master of Business Administration from Xavier University.\n\"Marty is a thoughtful and steady investment professional,\" commented Steven J. Johnston, chairman and chief executive officer. \"He embodies Cincinnati's long-term perspective and applied that same thinking to our investment operations. Through the natural variability in the financial markets, Marty never wavered. He stayed true to our core investment philosophy, focusing on investment income and overall portfolio appreciation.\"\nJohnston continued: \"Marty and Steve will work together over the next few months to ensure a smooth transition. Steve is an experienced member of the investment department's leadership team and a strong advocate for our investment philosophy.\"\nAbout Cincinnati Financial\nCincinnati Financial Corporation offers primarily business, home and auto insurance, our main business, through The Cincinnati Insurance Company and its two standard market property casualty companies. The same local independent insurance agencies that market those policies may offer products of our other subsidiaries, including life insurance, fixed annuities and surplus lines property and casualty...