ceo succession News

Erie Indemnity CEO Cavanaugh to Retire at End of 2016

Erie Indemnity Co. announced that Terrence W. Cavanaugh, president and chief executive officer, will retire at the close of 2016. Erie Indemnity Company provides management services to the member companies of the Erie Insurance Group, which includes Erie Insurance Exchange, …

BB&T Insurance CEO Reece to Retire; Howard Named Successor

Winston-Salem, N.C.-based BB&T said that H. Wade Reece, chairman and CEO of BB&T Insurance Holdings Inc., will retire at the end of the year. Reece will complete a 37-year career with BB&T in which BB&T Insurance Holdings has grown through …

Hanover Insurance CEO Eppinger to Exit

Frederick H. Eppinger is stepping down as president, chief executive officer and a director of the Worcester, Mass.-based The Hanover Insurance Group. The announcement said Eppinger, 56, is leaving to pursue other interests. The company said he will continue to …

Crawford CEO Bowman Steps Down

Independent claims adjustment firm Crawford & Co. announced that Jeffrey T. Bowman is stepping down after nearly eight years as president and CEO and 24 years of service with the company. Bowman said he agreed to step aside at the …

Incoming, Outgoing Travelers CEOs See Smooth Transition, Talk M&A

Departing Travelers Insurance CEO Jay Fishman and his designated successor, Alan Schnitzer, insist that that the change won’t be wrenching, and that the property/casualty insurance giant will experience a smooth transition. The Travelers Companies announced on Aug. 4 that Fishman …

Schnitzer to Become CEO of Travelers as Fishman Steps Down

The Travelers Companies Inc. today announced that Alan D. Schnitzer will succeed Jay S. Fishman as chief executive officer, effective December 1, 2015. In a letter to employees, Fishman, 62, said that his neuromuscular disease, which he disclosed last November, …