Exciting New Leadership at United Fire Group's Board
United Fire Group Welcomes a New Board Member
United Fire Group, Inc. (UFG) (Nasdaq: UFCS) is excited to share a significant update regarding its board of directors. The company has appointed Gilda L. Spencer as an independent member, effective immediately. This strategic addition aims to strengthen the board's capabilities, especially in navigating the complexities of the insurance landscape.
Who is Gilda L. Spencer?
Gilda L. Spencer is recognized for her extensive legal and insurance background. Currently, she holds the position of an adjunct professor at the Loyola University Chicago School of Law, where she shares her wealth of knowledge with future legal professionals. Before joining academia, Spencer had an impressive career as the senior vice president and deputy general counsel at Allstate, managing a substantial litigation portfolio with a team of 60 associates.
Experience in the Insurance Sector
Spencer’s journey in the insurance sector began with Nationwide Mutual Insurance Company, where she worked as the chief litigation counsel. Her foundational legal experience was further enriched by her role as an assistant United States attorney for the Southern District of Ohio. This combination of legal acumen and industry experience positions her as a valuable asset to the UFG board.
Committees and Responsibilities
As a Class A director, Spencer will actively participate in several committees, notably the risk management and compensation and human capital committees. With her background, the board anticipates that Spencer will contribute significantly to discussions surrounding governance, regulatory compliance, and overall risk management, all of which are integral to the company's strategic direction.
Quotes from the Leadership
Jim Noyce, Chairperson of the Board at UFG, expressed enthusiasm about Spencer's appointment: “We are pleased to welcome Gilda Spencer to our board of directors. Gilda’s decades of legal and insurance experience will be a tremendous asset to the board as we work together to position the company for success and deliver long-term value to our shareholders.”
Educational Background
Spencer's academic background includes a bachelor’s degree in political science from The Ohio State University and a law degree from the University of San Diego School of Law. During her time in law school, she demonstrated leadership as the president of the Black Law Students Association, indicating her commitment to diversity and inclusion within the legal field.
The Future of UFG
With Gilda L. Spencer’s addition, the United Fire Group board now consists of 12 members, all committed to steering the company towards a successful future. As UFG continues to expand its operations and improve its offerings, Spencer's involvement will undoubtedly play a crucial role in fostering growth and maintaining high standards of corporate governance.
About United Fire Group
Established in 1946, UFG has become a trusted name in property and casualty insurance. The company operates through its subsidiaries and is licensed across all 50 states and the District of Columbia. With nearly 1,000 independent agencies backing its operations, United Fire & Casualty Group enjoys an “A-” rating from AM Best, reflecting its strong financial stability and commitment to providing quality insurance solutions.
Connect with United Fire Group
If you're interested in learning more about United Fire Group or have inquiries, please reach out through the following contact points:
Investor Relations
Email: ir@unitedfiregroup.com
Media Inquiries
Email: news@unitedfiregroup.com
Frequently Asked Questions
What prompted UFG to appoint Gilda L. Spencer?
The board seeks to enhance its governance and risk management capabilities, and Spencer's extensive experience is a valuable asset.
What committees will Spencer be part of?
She will serve on the risk management and compensation and human capital committees.
What is UFG's core business?
UFG specializes in writing property and casualty insurance and operates through various subsidiaries across the United States.
What is UFG’s rating from AM Best?
The company has received an “A-” (Excellent) rating from AM Best for its financial strength and performance.
How can I get in touch with UFG?
You can contact UFG through their investor relations and media inquiry emails provided above.
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