Allstate Shuffles Senior Roles; Chief Marketing Officer Resigns

NU Online News Service, Feb. 28, 10:19 a.m. EST

Allstate Corp. has announced some important senior management changes, including a new leader of auto and home business through agents, after a key resignation.

Matt Winter, previously senior executive vice president of insurance operation and president and chief executive officer of Allstate Financial, is now the corporation’s president of Allstate Auto, Home and Agencies.

Winter will lead Allstate’s personal lines business provided by Allstate agencies, the company says in a statement.

Don Civgin, who has been Allstate’s chief financial officer, is now the president of Allstate Financial.

Steve Shebik, has been promoted to chief financial officer.

The moves were made following the resignation of Mark LaNeve, chief marketing officer and senior executive vice president of agency operations, for personal reasons.

Allstate Chief Executive Officer Thomas J. Wilson reiterated, saying “Mark’s resignation was a personal one.”

“The new structure leverages our strong leadership team, is consistent with our strategy of providing differentiated products and services for unique customer segments and will drive focus on our 2012 operating priorities,” Wilson says.

The number of Allstate exclusive agencies fell to about 10,000 from about 11,500 in 2010, according to a company filing with the Securities and Exchange Commission.

Allstate has made some changes to the compensation it gives its agents. LaNeve told agents in a letter late last year that Allstate will not cut base commissions to 8 percent, but only one percentage point to 9 percent beginning in 2013.

The company says it has also offered financing for agency acquisition and rewards better-performing agencies.

The number of locations of agencies has dropped from 10,850 locations in 2010 to 9,700 locations in 2011.

Agents are also dealing with the integration of direct distribution, with Allstate’s acquisition of Esurance and Answer Financial.

In his role as CFO Civgin was credited with leading the acquisition while managing capital and expanding risk management.

The senior leadership team also got a new member. Steve Verney, chief risk officer, will remain in the role but was promoted to the team, says Allstate.

Comments

Resource Center

View All »

Leveraging BI for Improved Claims Performance and Results

If claims organizations do not avail themselves of the latest business intelligence (BI) tools, they...

Top 10 Legal Requirements for E-Signatures in Insurance

Want to make sure you’ve covered all your bases when adopting e-signatures? Learn how to...

Get $100 in leads with $0 down!

NetQuote's detailed, real-time leads have boosted sales for thousands of successful local agents across the...

The Growing Role of Excess & Surplus Lines in Today’s...

The excess and surplus market (E&S) provides coverage when standard insurance carriers cannot or will...

Increase Sales Conversion with this Complimentary White Paper

This whitepaper will share proven techniques - used by many of the industry's top producers...

D&O Policy Definitions: Don't Overlook These Critical Terms

Unlike other forms of insurance where standard policy language prevails, with D&O policies, even seemingly...

Environmental Risk: Lessons Learned from Willy Wonka and the Chocolate...

Whether it’s a chocolate factory or an industrial wastewater treatment facility, cleanup and impacts to...

More Data, Earlier: The Value of Incorporating Data and Analytics...

Incorporating more data earlier in claims lifecycles can help you reduce severity payments by 25%*...

How Many Of Your Clients Are At Risk Of Flood?

Every home is vulnerable to flooding. Learn four compelling reasons why discussing flood insurance with...

Gauging your Business Intelligence Analytics Capabilities and the Impact of...

Big Data, Data Lakes and Data Swamps, How to gauge your company's Big Data readiness....

Agent & Broker Insider eNewsletter

Proven success tips and essential information to help agents and brokers grow their practice – FREE. Sign Up Now!

Advertisement. Closing in 15 seconds.