By David G. Barry
Martin F. Hollenbeck, who
has grown Cincinnati Financial Corp.’s investment portfolio to more than
$23 billion, is set to retire.
Hollenbeck, who joined the publicly traded insurer in 1987, will step down on
Sept. 30 from his role as chief investment officer, executive vice president,
assistant secretary and assistant treasurer. He has led Cincinnati Financial’s
investment operations since 2008.
In a statement, the company’s chairman and CEO, Steven J. Johnston, said that
Hollenbeck “never wavered” through the “natural variability in the financial
markets” and “stayed true to our core investment philosophy, focusing on
investment income and overall portfolio appreciation.”
Steven A. Soloria, the corporation’s vice president, investment, will
assume executive responsibility for the investment operations and its U.S.-based
subsidiaries following Hollenbeck’s retirement. Solaria has been with
Cincinnati Financial since 1990.
The company offers primarily business, home and
auto insurance.