CINCINNATI–(BUSINESS WIRE)–Great American Insurance Group announced today the promotion of Thomas (Tom) V. Colosi to Divisional President, Alternative Markets.
Mr. Colosi joined Alternative Markets in 2014 and, since that time, has held numerous leadership roles within the division, most recently serving as Divisional Senior Vice President and Chief Underwriting Officer. He has 35 years of insurance experience and has deep expertise in underwriting specialty captives and programs.
Mr. Colosi earned a Bachelor of Arts from the University of California, Berkeley.
Alternative Markets specializes in niche program business, offering a variety of traditional and risk-sharing program options on an admitted basis. Product offerings include countrywide Workers’ Compensation, General Liability, Property, Inland Marine, Auto, and Umbrella, as well as a Business Owners Policy (BOP) and Package. Programs range from monoline to multiline, with bundled or unbundled services. Alternative Markets is uniquely designed to address all needs of a program including Underwriting, Marketing, Claims, Actuarial, Product, IT, Operations Services, and more.
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 115 years and is currently rated “A+” (Superior). 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.