Fireman's Fund Insurance Company announced last week that its chief executive officer, Joseph J. Beneducci, had resigned after less than six months on the job.
The Novato, Calif.-based carrier–a member of the Allianz Group–had named Mr. Beneducci to the post effective Jan. 1 when Charles "Chuck" Kavitsky was promoted to president of Allianz of America. Mr. Kavitsky has now been named Fireman's interim CEO, the company said.
"Joe has been a significant part of Fireman's Fund's success, and I want to thank him for his many contributions," said Mr. Kavitsky, who served as Fireman's CEO from 2004 to the end of 2006.
The company did not say if the exited CEO has revealed his own employment plans, and Mr. Beneducci could not be reached for comment.
The interim CEO said that in the wake of Mr. Beneducci's departure, "our direction and strategy will continue as planned."
Mr. Beneducci was named executive vice president and chief operating officer of Fireman's Fund in May 2003. He was elected president on Feb. 3, 2006, while retaining his COO title, then assumed the carrier's CEO position this year.
The company said a successor to Mr. Beneducci "will be named in due course."
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