NU Online News Service, Dec. 20, 10:54 a.m. EST
Farmers Group has promoted Jeff Dailey to president and chief operating officer, effective Jan. 1, and also announced that Mr. Dailey will become the group's chief executive officer when current CEO Robert Woudstra retires at the end of 2011.
Mr. Dailey is currently Farmers Group's president of Personal Lines.
Martin Senn, CEO of Zurich Financial Services Group, and Paul N. Hopkins, chairman of Farmers Group, said in a joint statement, "Taking on the president and COO role now will provide Jeff Dailey with invaluable experience before he succeeds Bob Woudstra as Farmers CEO upon Bob's retirement."
Mr. Dailey joined Farmers Insurance in 2007 with its acquisition of Bristol West Holdings, where he served as Bristol West CEO. He began his career as a claims adjuster with Mutual Service Insurance. He also worked at Progressive Insurance Company before forming Reliant Insurance Company, which was sold to Bristol West in 2001.
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