Associated Agencies, Inc. Names Herz President and Schrayer Chief Executive Officer

For More Information:

Maredith Splendoria

Associated Agencies, Inc.                                   

847-427-3501                                               

msplendoria@associated.cc

Associated Agencies, Inc. Names Herz President and Schrayer Chief Executive Officer

– Independent insurance agency appoints its sixth president in 120 years to show commitment to the future –

ROLLING MEADOWS, Ill. – November 26, 2012 – Associated Agencies, Inc. has promoted 35-year-old Joshua Herz to president, making him the fourth person in the same family to hold the position.

Herz succeeds his cousin, Max (Skip) R. Schrayer, who was recently named chief executive officer. As president, Herz will maintain his current client base and actively mentor new salespeople within the company. As CEO, Schrayer will continue to maintain his own client base and oversee operations.

“It’s always important to keep growing and changing as a company,” said Skip Schrayer, CEO of Associated Agencies, Inc. “Josh’s promotion gives him deserved recognition for his accomplishments and leadership within our agency. Not only has he developed an impressive book of business during his time with us, but he has a proven track record for providing excellent client service that makes him well-suited to take the company to new levels of success.”

Since joining Associated Agencies as an account producer in 2003, Herz has moved into top management, earning the title of vice president in 2009. Currently, he sits on the executive boards of Associated Agencies and one of its affiliates, Auto and Home Insurance Agency. Drawing on almost a decade of industry and leadership experience, Herz now works to grow Associated Agencies amid a sluggish economy that has led many in the industry to cut back.

Prior to joining Associated Agencies, Herz worked at General Electric for four years. At GE, Herz became a Six Sigma blackbelt and was handpicked for Jeff Imelt’s elite Commercial Leadership Program. Herz lives in Highland Park, Ill. with his wife and three children.

Schrayer began his career at Associated Agencies, Inc. as a part-time employee in 1974, moving to full-time in 1982. A producer of large accounts, Schrayer manages the largest book of business in the office. He also serves as sales manager and as a member of the board of directors. As president of Associated Agencies, Inc. and Auto and Home Insurance Agency Inc., he oversaw all aspects of commercial and personal insurance for individuals as well as businesses of all sizes, both for-profit and not-for-profit nationwide.

Schrayer remains president of Auto and Home Insurance Agency in Downers Grove, Ill. He lives in Highland Park with his wife and three children.

About Associated Agencies, Inc.

Headquartered in Rolling Meadows, Ill., Associated Agencies Inc. is a large and independent full-service insurance agency that writes property and casualty insurance for commercial accounts as well as employee benefits. Formed in 1890 when three brokerage firms merged to form one agency, it has grown from a small independent agency to a staff of 120 employees serving more than 3,000 clients throughout the U.S.

For more information about Associated Agencies, Inc., call 847-427-8400 or visit http://www.associated.cc/.

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