Michael Fraizer has joined the board of directors of Grange Insurance.
Mr. Fraizer is an operating advisor of Blue Heron Capital, a private equity investment firm based in Richmond, Virginia.
After earning his bachelor's degree in political science from Carleton College, he worked at General Electric, holding positions from financial trainee to senior level executive, including chief executive officer of the GE insurance business, chief executive officer of the GE financial assurance operation, and chief executive officer of the GE capital commercial real estate financing and services business.
He then served as chairman and chief executive officer of Genworth Financial Inc., which went public from GE, where he oversaw assets of over $100 billion and revenues of $10 billion.
“I'm thrilled to welcome Michael to the board,” said David Wetmore, chairman of the company's board of directors. “Michael's experience with investments, finance, and business development – not to mention his expansive involvement in corporate governance – will prove essential as we advise on key decisions to help the company transform and grow.”
Over the past 25 years, Mr. Fraizer has been a member of several boards of directors, including MUFG Americas Holding Corp., Genworth Financial Inc., and GE Capital Corporation, as well as a number of other General Electric subsidiary boards.
He has served on the boards of the American Council of Life Insurers, including a term as its chairman, the Financial Services Roundtable, and other community service or nonprofit boards such as Richmond Performing Arts Center, Virginia Commonwealth University, and the Mary and Frances Youth Center.
“We rely on the unique expertise and perspectives of our board of directors to guide Grange toward future success,” said John Ammendola, Grange Insurance's president and chief executive officer. “I'm excited for Michael to join us, as I believe he will provide significant insight and our company will greatly benefit from his experience.”
Learn more: www.grangeinsurance.com.
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].