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Fireman's Fund CEO steps down

Rupal Parekh

June 11, 2007 Reprints

P/C Insurers Allianz More + Less -

NOVATO, Calif.--Joseph J. Beneducci has stepped down as chief executive officer of Fireman's Fund Insurance Co. after approximately six months in the role, the insurer said Monday.

Effective immediately, Allianz of America Inc. President Chuck Kavitsky--who served as CEO of Fireman's Fund from 2004 to 2006--has been named interim CEO.

A spokeswoman for the Novato, Calif.-based insurer cited "personal and career reasons" for Mr. Beneducci's departure. Mr. Beneducci was promoted to the role of CEO effective Jan. 1.

"We are fortunate that Fireman's Fund has deep bench strength in its leadership team in addition to a strong position in the property/casualty insurance market. Our direction and strategy will continue as planned," Mr. Kavitsky said in a statement.

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Fireman's Fund CEO steps down

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