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Cincinnati Insurance chief claims officer to retire in January 2027
Cincinnati Insurance said Todd V. McMillan will take executive responsibility for claims teams, and claims operations will report to Chief Legal Officer Thomas C. Hogan.
Cincinnati Insurance announced that Marc J. Schambow, chief claims officer for its property and casualty subsidiaries, will retire in January 2027 after nearly 40 years with the company. Schambow has led Cincinnati’s claims organization since 2020, and Cincinnati said he has been central to efforts to increase claims efficiencies and implement technology.
The insurer said Todd V. McMillan will assume executive responsibility for Cincinnati’s headquarters and field claims teams after Schambow’s retirement. McMillan most recently served as corporate senior vice president and head of liability claims at Safety National Casualty Corporation, and previously held roles that included staff counsel at GEICO and claims leadership at The Hartford.
As part of the transition, Cincinnati said claims operations will report to Chief Legal Officer Thomas C. Hogan. The company said the new structure is intended to bring claims and legal operations under one direction to improve coordination on litigated claims.
Cincinnati also disclosed that its net written premiums have more than doubled since 2018, exceeding $10 billion. The company plans a conference call on Tuesday, February 11 at 11 a.m. ET to discuss fourth-quarter and full-year 2024 results, according to Coverager.