OREANDA-NEWS. Cincinnati Financial Corporation (Nasdaq: CINF) announced that John A. Davis and Paul B. LeStourgeon joined The Cincinnati Insurance Company, adding expertise to the newly expanded reinsurance assumed initiative known as Cincinnati ReSM. Davis and LeStourgeon report to James W.B. Hole, managing director, head of Cincinnati Re.

Davis, managing director, head of casualty reinsurance, will oversee the strategic direction, underwriting and marketing of the company's casualty reinsurance assumed portfolio. A 20-year veteran of the reinsurance industry, Davis most recently served as head of North American casualty treaty reinsurance for Endurance Reinsurance and has held senior underwriting roles at Partner Re and ACE Tempest Reinsurance. He holds a Bachelor of Science in Finance from Providence College.

LeStourgeon, managing director, head of reinsurance analytics, will drive the reinsurance assumed actuarial and catastrophe modeling analytics. He has been in the reinsurance industry for more than 20 years focused on actuarial consulting, pricing and financial modeling. LeStourgeon is a Fellow of the Casualty Actuarial Society, a Chartered Financial Analyst (CFA) and a Chartered Enterprise Risk Analyst (CERA). He holds a Bachelor of Science in Economics and Mathematics from Duke University and a Master of Business Administration from Temple University.

James Hole, managing director, head of Cincinnati Re, commented, "John and Paul both possess skills that complement our current team. The depth of their reinsurance experience and broad industry knowledge will help us realize profitable long-term opportunities as we focus on building relationships and maintaining underwriting discipline."

In April, the company announced the expansion of its reinsurance assumed operations – a relatively small line of business for the company since the 1990s. Reinsurance assumed adds diversified risk, and the company's high-quality, diversifying counterparty credit makes it well positioned to build the business slowly over time, focusing on opportunities that will benefit shareholders over the long term.