Joseph P. Lacher, Jr. to Lead Allstate’s Property and Casualty Business
November 16 2009 - 1:00PM
Business Wire
The Allstate Corporation (NYSE:ALL) today announced that Joseph
P. Lacher, Jr., 40, has been named president of Allstate
Protection. In this role, Lacher will lead all of Allstate’s
property and casualty offerings serving over 17 million American
households. He will serve as a member of the senior management team
and report to Thomas J. Wilson, Allstate’s chairman, president and
chief executive officer. Lacher will join Allstate effective
November 30, 2009.
“In today’s very competitive environment, success comes down to
leadership and high performance. Our goal is to have the strongest
possible leadership team with the optimal mix of talent, expertise
and experience,” said Wilson. “In Joe we are adding a recognized
leader with an outstanding track record of success. We look forward
to having him on our team as we reinvent to build a foundation for
sustainable growth.”
From 2002 to 2009 Lacher served as the chief executive officer
of Personal Insurance and executive vice president at Travelers. In
2006 he also assumed responsibility for small commercial insurance
as the executive vice president of Personal Insurance and Select
Accounts. These businesses represent approximately 45 percent of
Travelers’ premiums. During his tenure at Travelers, which began in
1991, Lacher held a variety of leadership positions, including
senior vice president of Pricing, Product and Underwriting for
Personal Lines, senior vice president of Strategic Distribution for
Personal Lines and chief financial officer of Select Accounts.
“Having competed against Allstate for my entire career, I know
just how phenomenal the Allstate brand, distribution network and
organization really are,” said Lacher. “It is a first class
organization with a first class leadership team and a commitment to
be even better. I am excited about this opportunity.”
“Joe’s deep industry experience and track record of success will
allow him to make an immediate contribution to driving progress,”
Wilson concluded.
Lacher succeeds George Ruebenson who is retiring after nearly 40
years of service to Allstate. Ruebenson remains at Allstate through
December 31, 2009 and will work closely with Lacher to ensure a
smooth and effective transition.
The Allstate Corporation (NYSE: ALL) is the nation’s largest
publicly held personal lines insurer. Widely known through the
“You’re In Good Hands With Allstate®” slogan, Allstate is
reinventing protection and retirement to help more than 17 million
households insure what they have today and better prepare for
tomorrow. Consumers access Allstate insurance products and services
through Allstate agencies, independent agencies, and Allstate
exclusive financial representatives in the U.S. and Canada, as well
as via www.allstate.com and
1-800 Allstate®.
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