| Period End | Type | Status | Affected | % Workforce | Announced | Expected Completion | Geography | Segment / Function | Charge | Source | Note |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2019-12-31 | acquisition_addition | completed | 2018-10-11 | 2019-02-28 | United Kingdom (London) — Lloyd's Syndicate 318 | Cincinnati Global — global specialty underwriting (reported in Other segment) | USD 63 (millions) | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Acquired MSP Underwriting Limited (renamed Cincinnati Global) from Munich Re; closed February 28, 2019. Purchase consideration USD 64 million at closing, finalized at USD 63 million (GBP 47 million) on August 1, 2019. Number of employees acquired was not disclosed. | ||
| 2019-12-31 | acquisition_addition | completed | 2019-02-28 | 2019-02-28 | United Kingdom (London) | Other — Cincinnati Global (Lloyd's Syndicate 318) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of MSP Underwriting Limited (rebranded Cincinnati Global) closed 2019-02-28 for $63 million; headcount added not disclosed. | |||
| 2019-09-30 | acquisition_addition | completed | 2019-02-28 | United Kingdom | Other (Cincinnati Global Underwriting / Lloyd's Syndicate 318 specialty underwriting) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of MSP Underwriting Limited (rebranded Cincinnati Global) closed 2019-02-28 for GBP 47M / USD 63M adjusted purchase price; the business combination footnote discloses no employee headcount added. | ||||
| 2019-03-31 | acquisition_addition | completed | 2018-10-11 | 2019-02-28 | United Kingdom (London) | Other (MSP Underwriting Limited / Lloyd's Syndicate 318) | USD 64 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Purchase price of $64 million (£48 million) cash; no employee headcount for the acquired workforce is disclosed in the filing. | ||
| 2018-12-31 | acquisition_addition | announced | 2018-10-12 | 2019-03-31 | United Kingdom (London-based target); expands acquirer into new geographies | Specialty insurance / reinsurance (MSP Underwriting Limited, operating through Beaufort Underwriting Agency Limited) | Item_1_Business f5-10k / GLM-5.3-flash-HTML | Pending all-cash acquisition of MSP Underwriting Limited from Munich Re for £102 million (approximately $134 million at October 9, 2018 exchange rate); purchase price is a business-combination consideration, not a workforce charge. MSP headcount not disclosed. Expected to close in Q1 2019 subject to regulatory approvals; pending as of filing date (Note 1 Subsequent Events confirms foreign exchange forward contract entered January 3, 2019 to hedge the purchase price). | |||
| 2018-12-31 | acquisition_addition | announced | 2018-10-12 | 2019-03-31 | United Kingdom (London) | Specialty underwriting (MSP Underwriting Limited / Beaufort Underwriting Agency Limited) | USD 134 (millions) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | All-cash acquisition of MSP for GBP 102 million (~$134 million); purchase price disclosed but no headcount added. Expected to close Q1 2019 subject to regulatory approvals. | ||
| 2012-09-30 | voluntary_separation | completed | 1 | 2012-09-24 | 2014-09-19 | United States | Executive / Corporate | USD 1 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Executive separation agreement filed as exhibit; separation date 2012-09-24, described as resignation accepting a separation offer for early retirement in connection with corporate restructuring. Severance of $1,188,010 payable in 50 installments through 2014-09-19, plus pro-rated annual incentive and accelerated equity vesting. | |
| 2012-09-30 | other | completed | 1 | 2012-10-19 | 2012-09-24 | Executive Management | USD 1 (millions) | other f5-10q / Qwen3.6-27B-Q8_0 | Separation agreement with former named executive officer Thomas A. Joseph, effective September 24, 2012. Agreement includes severance equivalent to 25 months of salary ($1,188,010) and accelerated vesting of certain awards. | ||
| 2010-09-30 | other | in_progress | 2% | Data entry functions | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Not a discrete announced program; MD&A attributes the decline to efficiency gains from new or enhanced policy administration systems. The 2% is measured against the year-end 2009 level over the nine months ended 2010-09-30, not against quarter-end headcount, and no absolute affected-employee count is disclosed. | |||||
| 2010-03-31 | other | completed | 1% | 2010-03-31 | United States | Data entry functions | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | MD&A reports the overall associate count fell about 1 percent versus year-end 2009, driven mainly by data entry roles after new policy administration systems went live. No absolute headcount, severance charge, or formal program label disclosed; filer attributes the change to efficiency gains and associate reallocation rather than a formal RIF. | |||
| 2009-12-31 | other | completed | Item_1_Business f5-10k / GLM-5.3-flash-HTML | Qualitative disclosure of a slight net reduction in total associates during 2009 through staff reallocation — additions in strategically significant areas offset by efficiencies elsewhere. No headcount, timing, or charge quantified. | |||||||
| 2008-12-31 | other | in_progress | 2008-12 | 2009-02-28 | Asset management subsidiary CinFin Capital Management Company (reported in 'Other' segment) | Item_1_Business f5-10k / GLM-5.3-flash-HTML | Subsidiary to cease all operations effective February 28, 2009; clients notified December 2008. Headcount impact not quantified in the filing. Classified as 'other' because it is a full business wind-down rather than a facility/branch closure with a disclosed reduction. | ||||
| 2008-12-31 | other | completed | 2008-06-30 | 2008-12-31 | United States | Corporate — qualified defined benefit pension plan participants | USD 30 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Plan entry frozen 2008-06-30; participants 40+ could elect to remain. Benefit accruals for leavers frozen 2008-08-31; $60M of ABO transferred to an intermediary spin-off plan. Charge comprises $27M settlement loss and $3M curtailment expense; no affected-employee count disclosed. | ||
| 2008-12-31 | other | announced | 2008-12-31 | 2009-02-28 | United States | CinFin Capital Management Company (asset management) | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Advised clients in December 2008 it would close effective 2009-02-28; 44 institutional, corporate and individual clients and $817M AUM at year-end 2008. Employee count not disclosed. | |||
| 2008-12-31 | restructuring | completed | 2008-06-30 | 2008-12-31 | United States | Corporate / Human Resources | USD 27 (millions) | MD&A f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Changed form of retirement benefit for certain associates from defined benefit pension plan to 401(k) plan. Incurred $27 million pretax settlement loss. No specific employee count provided. | ||
| 2008-12-31 | other | completed | 2008-12-31 | 2009-02-28 | United States | Asset Management | Item 1. Business f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | CinFin Capital Management Company ceased operations effective February 28, 2009. No specific employee count or charge provided in this filing. | |||
| 2008-09-30 | other | in_progress | 2008-06-30 | 2008-12-31 | United States | Company-wide (associates) | USD 3 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Transition from qualified defined benefit pension plan to a 401(k) plan with company match: plan entry frozen effective 2008-06-30 (only associates age 40+ as of 2008-08-31 could elect to remain); benefit accruals frozen effective 2008-08-31 for participants leaving the plan. A $3.0 million curtailment charge was recognized in Q3 2008; an approximately $26 million settlement charge (including roughly $24 million contribution to fund benefit distributions) is anticipated in Q4 2008. Number of affected participants not disclosed; company plans to transfer $60 million of accumulated benefit obligation to an intermediary spin-off plan. | ||
| 2008-09-30 | restructuring | in_progress | 2008-06-30 | 2008-12-31 | Human Resources / Pension Administration | USD 29 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Transition from defined benefit pension plan to 401(k). Includes $3M curtailment charge recognized in Q3 and anticipated $26M settlement loss in Q4. Affects participants leaving the qualified pension plan. |