Grange Insurance Welcomes Cheryl McRae Lebens as CFO

Grange Insurance's Transition in Leadership

Grange Insurance Company has made a significant move as it prepares for the upcoming transition in its leadership. The company has announced the appointment of Cheryl McRae Lebens as its new Chief Financial Officer (CFO), effective January 1, 2025. This important step comes as Terri Brown prepares for her much-deserved retirement after 35 amazing years in the Property and Casualty (P&C) insurance industry.

Honoring Terri Brown's Legacy

Terri Brown has been instrumental to the success and stability of Grange Insurance, contributing her expertise during her eight years with the company. As a respected leader in the P&C insurance market, her vast experience has shaped the organization positively. John Ammendola, the President and CEO of Grange Insurance, expressed heartfelt gratitude for Brown's financial stewardship during challenging times that the industry has faced.

Recognition of Achievements

Acknowledging the formidable challenges within the industry, the global credit rating agency A.M. Best has continued to affirm Grange Insurance’s financial strength. With this recognition being reaffirmed, the company has been awarded an “A” (Excellent) rating alongside a stable outlook despite market turbulence. This accolade is seen as a homage to Terri Brown’s exceptional leadership.

Cheryl McRae Lebens Steps Up

The transition to new leadership comes with great enthusiasm, particularly concerning Cheryl McRae Lebens' upcoming role as CFO. Cheryl has led Grange’s Personal Lines, demonstrating a capability to outperform competitors even in tough market conditions. Her participation in developing corporate strategies has been pivotal for Grange in navigating industry challenges.

Experience and Background

With over 12 years at Grange Insurance, Cheryl has held various leadership positions that have equipped her for this role. As President of Personal Lines, she oversaw all aspects of product development and strategy for the company. Her prior experience with financial planning and analysis at Grange further enhances her credentials. Before joining Grange, Cheryl also held esteemed roles at Nationwide Insurance and Safeco Insurance, amounting to nearly 30 years in the insurance industry.

Community Engagement and Education

Lebens is not only recognized for her professional acumen but also her commitment to community service. She actively participates on the boards of trustees for YWCA Columbus and St. Vincent Family Services as well as serving on the board of directors for the Ohio Insurance Institute. Her educational qualifications include a bachelor’s degree and an MBA from the University of Washington, positioning her as a leader with both theoretical knowledge and practical expertise.

About Grange Insurance

Founded in 1935, Grange Insurance Company stands strong with $3.2 billion in assets and over $1.5 billion in annual revenue. The company offers robust insurance solutions encompassing auto, home, and business insurance protection through a wide network of independent agents. The reach extends to various states, serving customers with reliability and dedication.

Frequently Asked Questions

Who is the new Chief Financial Officer of Grange Insurance?

Cheryl McRae Lebens has been appointed as the new CFO, effective January 1, 2025.

Who is succeeding Terri Brown as CFO?

Cheryl McRae Lebens will succeed Terri Brown, who is retiring after 35 years in the insurance industry.

What recognition has Grange Insurance received recently?

Grange Insurance was reaffirmed an “A” (Excellent) rating by A.M. Best, showcasing its sound financial management.

What is Cheryl McRae Lebens' background?

Lebens has over 12 years of experience at Grange Insurance and has held significant roles in Personal Lines and finance.

How long has Terri Brown been with Grange Insurance?

Terri Brown has served with Grange Insurance for eight years, contributing significantly to its financial strategies.

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