Central Ins. appoints Glenn chief actuary

Central Insurance information

The Board of Directors of the Central Insurance Companies has appointed Chad Glenn, FCAS, MAAA, as chief actuary for both Central Mutual Insurance Company and All America Insurance Company.

Glenn is responsible for leading the Actuarial Department at Central, which estimates the appropriate rates to charge policyholders for their insurance products. The department calculates the unpaid claims liability estimates that are a result of the company’s promise to pay for policyholders’ losses and also forecasts what the company can expect in future premium writings and financial results.

Prior to joining Central, Glenn was consulting actuary for Milliman in Chicago, Illinois. He received his bachelor’s degree in actuarial science from the University of Illinois. Glenn is a member of the Casualty Actuarial Society Exam Committee and vice president of the Utah Chapter of the Insurance Accounting & Systems Association. He has earned his Fellow of the Casualty Actuarial Society (FCAS) and Member, American Academy of Actuaries (MAAA) designations, and is currently pursuing his Chartered Property Casualty Underwriter (CPCU) designation.

Glenn is an active outdoorsman. He and his wife, Shauna, have two children.

Central Insurance Companies was founded in Van Wert in 1876, and provides insurance for automobiles, homes, and businesses to more than 328,000 policyholders in 18 states. The Central group of companies has combined assets of over $1 billion. Central’s A.M. Best rating is A (Excellent).