Allstate promotes three as its president departs

US personal lines insurer Allstate has made three senior leadership promotions ahead of its president Matt Winter retiring in late February after eight years at the company and a 25-year career in insurance.

The promotions include Steve Shebik to vice chairman of The Allstate Corporation, Glenn Shapiro to president of Allstate Personal Lines and Mario Rizzo to chief financial officer.

Winter joined Allstate in 2009 as president and CEO of Allstate Financial, became president of Allstate Personal Lines in 2012, and president of The Allstate Corporation in 2015.

“These leadership changes demonstrate Allstate’s effectiveness in developing talent,” said Tom Wilson, chairman and chief executive officer of The Allstate Corporation. “Matt Winter has been a fabulous partner in preparing for this change by developing leaders, enhancing operating processes and maintaining a focus on precision execution. Steve and Mario have been integral to our success over the last two decades and Glenn’s addition to the team in 2016 made us even stronger. Our continued success will be driven by a focused strategy, specific operating priorities and 19 diverse senior leaders, with an average of 15 years at Allstate.

“Matt has helped us achieve both strategic and operational success, and build a stronger organization. We wish him continued success in retirement.”

Shebik will oversee Allstate Life and Retirement, Allstate Benefits, Encompass, Esurance, Property-Liability Alternative Segments, Business Transformation, Finance, and D3, a corporate analytics team. He has held numerous senior roles at Allstate over the last 22 years, most recently as chief financial officer. He will continue reporting to Wilson.

Shapiro has been promoted to president of Allstate Personal Lines, overseeing product, claims, operations, risk, finance and distribution. He has more than 28 years of property-liability experience and joined Allstate in 2016 as executive vice president, Allstate Personal Lines Claims. Shapiro will focus on expanding the trusted advisor strategy, accelerating the utilization of telematics and building an Integrated Digital Enterprise, reporting to Wilson.

Rizzo is promoted to executive vice president and chief financial officer, reporting to Shebik. Rizzo has served as chief financial officer of Allstate Personal Lines as well as corporate Treasurer. He has been instrumental in ensuring Allstate’s strong capital management and financial flexibility.

Join us at Intelligent Automation in Insurance - London 2018.  Book by Jan 31st and you could save £400.

More of today's news

2017 losses should not stymie search for ILS innovation

PartnerRe reveals P&C and specialty leadership changes

Beazley adds expertise to its new US marine platform

Ryan Specialty Group acquires US wholesale broker K&C

Milliman releases new software platform for loss reserving

Don't miss our insurtech email newsletter - sign up today