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Randy Ramlo to step down at UFG
Longtime executive will retire in October, pending on his successor being named
CEDAR RAPIDS — United Fire Group President and CEO Randy Ramlo announced Tuesday he will retire from the insurance carrier later this year.
“After 15 years as CEO, the time is right to retire and give a new leader the chance to lead our business — and our culture — into the future,” Ramlo said in a post on the Cedar Rapids-based company’s website.
His expected retirement will be Oct. 31, pending the successful completion of an executive search process for his successor, the company statement said.
Ramlo joined UFG in 1984 as an underwriter. Over the years, he held a variety of leadership roles, including vice president of fidelity and surety and chief operating officer.
The carrier cited Ramlo has having been instrumental in building “One UFG,” the carrier’s strategic plan that prioritizes long-term profitability, diversified growth and continuous innovation in an ever-changing industry.
Ramlo will remain as president and CEO until a successor is named.
He plans to serve in a consulting role to the company during the transition process.
UFG was founded in 1946 as United Fire and Casualty Co. Through its subsidiaries, it is licensed as a property-and-casualty insurer in 50 states and the District of Columbia.