Penn National Insurance elects Lyle Rhodebeck senior VP and CFO

HARRISBURG, Pa.--(BUSINESS WIRE)-- Pennsylvania National Mutual Casualty Insurance Company (Penn National Insurance) elected Lyle Rhodebeck senior vice president and CFO, on June 22, replacing Gregory Stine, who will retire as senior VP and CFO July 1, which the company announced on Dec. 18. Rhodebeck joins the company July 6.

Rhodebeck’s insurance experience includes both financial and operational leadership in the property-casualty insurance industry. He has worked at Shelby Insurance as CFO; Grange Insurance as vice president of Claims and vice president of Personal Lines; and most recently at State Auto as senior vice president -- director of operations.

President and CEO Christine Sears said: “His varied leadership background developed his ability to think strategically, and his mutual company experience provides a cultural fit for our organization. He is joining a company that is already performing quite strongly, and presented with the opportunity not only to preserve that strength, but also to help build upon it. We are confident in his ability to do just that.”

About Penn National Insurance

Penn National Insurance underwrites insurance in nine mid-Atlantic/eastern and two mid-western states, selling commercial and personal property-casualty insurance through its network of independent agencies. The company wrote $720 million in direct premiums in 2015 and reported policyholders’ surplus of $581 million at Dec. 31. The company has been headquartered in Harrisburg, Pa. since its founding in 1919. The company is rated “A- Stable” by A.M. Best Company.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160627006362/en/

Penn National Insurance
Christopher D. Markley
Vice President – Corporate Communications
800-388-4764, extension 6895 (office M-F, 7 to 4 ET)
or
717-329-1982 (mobile)
[email protected]

Source: Penn National Insurance

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