By David G. Barry
Martin F. Hollenbeck, who has grown Cincinnati Financial Corp.’s investment portfolio to more than $23 billion, is set to retire.
Hollenbeck, who joined the publicly traded insurer in 1987, will step down on Sept. 30 from his role as chief investment officer, executive vice president, assistant secretary and assistant treasurer. He has led Cincinnati Financial’s investment operations since 2008.
In a statement, the company’s chairman and CEO, Steven J. Johnston, said that Hollenbeck “never wavered” through the “natural variability in the financial markets” and “stayed true to our core investment philosophy, focusing on investment income and overall portfolio appreciation.”
Steven A. Soloria, the corporation’s vice president, investment, will assume executive responsibility for the investment operations and its U.S.-based subsidiaries following Hollenbeck’s retirement. Solaria has been with Cincinnati Financial since 1990.
The company offers primarily business, home and auto insurance.