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Monday, November 16, 2009
Allstate Hires Lacher From Travelers
By Alistair Barr
MarketWatch Pulse
SAN FRANCISCO -- Allstate Corp. said Monday that it hired Joseph Lacher from rival Travelers Cos. to run the insurer's main property and casualty business. Lacher, named president of Allstate Protection, was chief executive of personal insurance and executive vice president at Travelers from 2002 to 2009. In 2006 he also assumed responsibility for small commercial insurance as the executive vice president of personal insurance and select accounts. These businesses represent roughly 45% of Travelers' premiums, Allstate noted.
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