Press release
Cincinnati Financial Corporation Board Expands to 15, Appoints Two New Directors
CINCINNATI, Aug. 6, 2020 /PRNewswire/ -- Cincinnati Financial Corporation (Nasdaq: CINF) announced that the board of directors at today's meeting added two
About this update from Cincinnati Financial Corporation
[{"type":"text","content":" CINCINNATI, Aug. 6, 2020 /PRNewswire/ -- Cincinnati Financial Corporation (Nasdaq: CINF) announced that the board of directors at today's meeting added two new director seats, appointing Nancy C. Benacci, CFA, as an independent director and Charles O. Schiff as a nonindependent director. Both were appointed to the board's investment committee, effective immediately. With these appointments, 11 of the company's 15 directors meet the Nasdaq listing requirements for independence.\nBenacci, age 65, served as head of equity research for KeyBanc Capital Markets in Cleveland and New York, managing a group of more than 100 individuals covering 600 companies from 2004 until her retirement in December 2019. For more than a decade earlier in her career, Benacci provided research coverage on companies in the property casualty and life insurance sectors. During her time as a senior insurance analyst, Benacci was named by the Wall Street Journal as a top-ranked analyst.\nExperienced in financial matters, governance and compliance, Benacci has served in leadership roles on the boards of John Carroll University and Boys Hope Girls Hope of Northeast Ohio, as well participating as a member of the University Hospital Seidman Cancer Leadership Council, Wall Street Research Directors Roundtable, the Cleveland Society of Security Analysts and the Gesu Catholic Church Scholarship Committee. She graduated magna cum laude with a bachelor's degree in business administration from John Carroll University and with a master's degree in business administration from Case Western Reserve University.\nSchiff, age 50, is executive vice president, secretary and treasurer of John J. & Thomas R. Schiff & Co. Inc., a privately owned, Cincinnati-based independent insurance agency. Schiff brings extensive knowledge of the insurance marketplace, consumer buying habits and trends in competition. As an 18-year veteran of the insurance industry, Schiff excels in learning his clients' businesses and recommending appropriate risk management strategies, including insurance products and services that help his clients achieve their goals. In addition to maintaining a profitable insurance book of business, Schiff oversees the agency's financial management and governance activities.\nSchiff has also enjoyed an active career on the board of many Cincinnati-area nonprofit organiza...