Novato, Calif.-based Fireman's Fund has issued a press release saying CEO Joe Beneducci has resigned, effective immediately. The carrier has named former CEO, Chuck Kavitsky, president of Allianz of America, interim CEO.

This very sudden announcement included the following comment:

“Joe has been a significant part of Fireman’s Fund’s success and I want to thank him for his many contributions,” said Kavitsky. “We are fortunate that Fireman’s Fund has deep bench strength in its leadership team in addition to a strong position in the property/casualty insurance market. Our direction and strategy will continue as planned.”

There was no further comment from Fireman's Fund about the reason for Beneducci's departure or whether he was moving on another opportunity.

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