COLUMBUS, Ohio – Grange Insurance announced that Michael Fraizer has joined the company’s board of directors.
Fraizer is an operating advisor of Blue Heron Capital, a private equity investment firm based in Richmond, Virginia. After earning his bachelor’s degree in political science from Carleton College, Fraizer worked his way up the ladder at General Electric from financial trainee to senior-level executive, with positions including CEO of GE Insurance, CEO of GE Financial Assurance and CEO of GE Capital Commercial Real Estate Financing and Services. He then went on to serve as chairman and CEO of Genworth Financial Inc., which went public from GE, where he oversaw assets of over $100 billion and revenues of $10 billion.
“I’m thrilled to welcome Michael to the board,” said David Wetmore, chairman of the company’s board of directors. “Michael’s experience with investments, finance and business development — not to mention his expansive involvement in corporate governance — will prove essential as we advise on key decisions to help the company transform and grow.”
Over the past 25 years, Fraizer has been a member of several boards of directors, including MUFG Americas Holding Corp., Genworth Financial Inc. and GE Capital Corporation, as well as a number of other General Electric subsidiary boards. He served on the boards of the American Council of Life Insurers, including a term as its chairman, the Financial Services Roundtable and other community service or nonprofit boards such as Richmond Performing Arts Center, Virginia Commonwealth University and the Mary and Frances Youth Center.
“We rely on the unique expertise and perspectives of our board of directors to guide Grange toward future success,” said John Ammendola, Grange Insurance president and CEO. “I’m excited for Michael to join us, as I believe he will provide significant insight and our company will greatly benefit from his experience.”
About Grange
Grange Insurance, with $2 billion in assets and more than $1 billion in annual revenue, is an insurance provider founded in 1935 and based in Columbus, Ohio. Through its network of independent agents, Grange offers auto, home, life and business insurance protection. The company and its affiliates serve policyholders in Georgia, Illinois, Indiana, Iowa, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, South Carolina, Tennessee, Virginia and Wisconsin. For more information, visit www.grangeinsurance.com.
Contact:
Amy Nichols
Corporate Communications Manager
Grange Insurance
(614) 445-2682