UFCS Chief Investment & Strategy Officer to depart; investment management outsourced to NEAM

UNITED FIRE GROUP INC

Robert Cataldo to depart as VP and Chief Investment & Strategy Officer by May 24, 2024; separation terms under negotiation.
Entered into investment management agreement with New England Asset Management, effective Feb 1, 2024, for portfolio management.
NEAM will manage a portion of UFCS assets; fees based on AUM plus expense reimbursement.
Agreement terminable on 30 days' notice; includes customary representations and warranties.

item 1.01 item 5.02 item 9.01

Executive movements

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Departed

Robert Cataldo

Vice President and Chief Investment and Strategy Officer

UFCS · UNITED FIRE GROUP INC

Effective: 2024-05-24
Filed: February 1, 2024, 6:59 PM ET

On January 31, 2024, the Company and Robert Cataldo mutually agreed to the separation of Mr. Cataldo’s employment as Vice President and Chief Investment and Strategy Officer of the Company, effective no later than May 24, 2024.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Robert Cataldo departed as Vice President and Chief Investment and Strategy Officer at UNITED FIRE GROUP INC.

Action: separated
Role: Vice President and Chief Investment and Strategy Officer

Exact text from the filing

On January 31, 2024, the Company and Robert Cataldo mutually agreed to the separation of Mr. Cataldo’s employment as Vice President and Chief Investment and Strategy Officer of the Company, effective no later than May 24, 2024.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

UNITED FIRE GROUP INC entered into Investment Management Agreement with New England Asset Management ("NEAM") (effective 2024-01-31).

Action: entry
Counterparty: New England Asset Management ("NEAM")
Effective: 2024-01-31

Exact text from the filing

On January 31, 2024, United Fire Group, Inc. (the “Company”) entered into an investment management agreement (the “Investment Management Agreement”) with New England Asset Management (“NEAM”), effective as of February 1, 2024

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UNITED FIRE GROUP INC filing history →

Source: SEC EDGAR

accession 0001104659-24-009465

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