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The Chubb Corp has named Richard G. Spiro executive vice president and chief financial officer, effective Oct. 1. Spiro, 44, succeeds the retiring Michael O’Reilly, who will remain at company until the end of 2008 to assist in the transition. …

People

Jacksonville, Florida-based Harden & Associates, an insurance brokerage company, promoted Dustin Theilacker to chief information officer. As CIO, Theilacker will continue to provide technology vision and leadership for developing and implementing information technology initiatives. Theilacker previously held the position of …

757 Graduates Receive CPCU Designation; Total Now Near 65,000

The American Institute for CPCU honored 757 new graduates of the Chartered Property Casualty Underwriter (CPCU program at the 2008 CPCU conferment ceremony in Philadelphia, Pa., the birthplace of the CPCU designation. The 2008 class brings the number of CPCU …

Rio Governor’s Lloyd’s Keynote Speech Evinces Brazil’s Economic Growth

Lloyd’s Sixth Annual London City Dinner at Merchant Taylors’ Hall on Thursday night featured a keynote address by the Governor of the State of Rio de Janeiro, Sérgio Cabral. In his opening remarks Lord Levene, Chairman of Lloyd’s, described the …

Lessons in Globalizing an Insurance Brand

Chubb: Understand Local Culture and Rely on Local Staff When Abroad Chubb Insurance, founded in 1882 in New York, today sells in 28 countries and has about 120 offices throughout North America, Europe, South America and the Pacific Rim, serving …

Lloyd’s in the 21st Century

The Modernization of Lloyd’s and the London Market Any institution — and there aren’t many — that survives and thrives for 320 years must find ways to adapt to changing conditions. Lloyd’s of London’s transformation offers some insights as to …

Markel’s Albanese Moves to U.S.; Stovin, Brazil Promoted

Markel Corp. announced that Gerry Albanese, president and chief operating officer of Markel International since 2003, will return to the United States to assume a senior executive position with Markel Corp. William Stovin will replace Albanese as president and chief …

International Chamber of Commerce is Pessimistic on Global Economy

The International Chamber of Commerce (ICC) reported from its Paris office that its “ICC/Ifo global climate index in July fell for the fourth consecutive quarter in a row since sentiment became downbeat last summer, recording its lowest level since 2001. …

‘Dramatic’ WTO Farm Deal Close If Talks ‘Can Be Revived’

A world trade deal that dramatically opens livestock markets in the European Union, Canada and Japan is within grasp, if talks that collapsed last month in Geneva can be revived. U.S. Trade Representative Susan Schwab hinted at the scope of …

Zurich Posts $2.7 Billion First Half Net

Zurich Financial Services Group reported $2.7 billion in net income for the first six months of 2008, a slight increase over the same period last year, and a 19.5 percent return on equity. Other highlights in the earnings report for …