District Of Columbia News

People

The Governing Board of the California Earthquake Authority has hired Glenn A. Pomeroy as CEO. Pomeroy has extensive experience in public service positions, including former commissioner of insurance of North Dakota. In addition, Pomeroy has served as North Dakota securities …

XL Chooses Ex-Safeco CEO McGavick to Replace O’Hara

XL Capital Ltd. has named Michael S. McGavick as its next CEO. He will officially join XL on May 1, succeeding Brian M. O’Hara, XL’s CEO for the last 13 years, who announced in October 2007 that he would retire …

Ill. Mayor Headed to Washington to Seek Aid

Pontiac Mayor Scott McCoy is heading for Washington D.C. to answer questions, describe the situation and see if there is anything else he or the city can do in order to receive a federal disaster declaration. McCoy met Tuesday with …

Business Moves

Berkshire Hathaway, Swiss Re Berkshire Hathaway has acquired a 3 percent stake in Swiss Re. Swiss Re has also entered into a reinsurance contract with Berkshire Hathaway which will give it a share of Swiss Re’s property/casualty business. Swiss Re …

Conn. Approves J.C. Flowers Deal for Direct Response Corp.

Connecticut’s top insurance regulator has signed off on a deal that makes private equity firm J.C. Flowers & Co the largest investor in Meriden-based Direct Response Corp. DRC is the holding company for The Response Insurance Group, a national direct-to–consumer …

Former Texas Assistant AG to Fight Fraud in Private Law Firm

Patrick O’Connell, former chief of the Texas Attorney General’s Civil Medicaid Fraud Section, has joined Dallas-based Baron & Budd, P.C., as special counsel in the firm’s newly established Austin office. O’Connell will lead the firm’s Qui Tam litigation team, representing …

People

Medical liability insurer Medicus Insurance appointed Jason Muesse as Southwest Regional Market manager. He will work out of Medicus’ Austin, Texas, office. Muesse will take on the new responsibility of business development in the Southwest region after having worked at …

Ahamed Named to Aspen Board

Bermuda’s Aspen Insurance Holdings Limited has appointed Liaquat Ahamed to the Board as a non-executive director with immediate effect. He has also joined the Board’s Investment and Risk Committees. The bulletin noted that “Ahamed has a distinguished background in investment …

ACE Insurance Pays $4.5 Million to Settle Multi-state Bid-rigging Claims

ACE Group Holdings has agreed to pay $4.5 million to end a bid-rigging and price-fixing case, according to state officials. The monies will be divided among eight states and the District of Columbia. Florida’s Chief Financial Officer Alex Sink said …

Muesse Named Southwest Market Manager at Medicus

Medical liability insurer Medicus Insurance appointed Jason Muesse as Southwest Regional Market manager. He will work out of Medicus’ Austin, Texas, office. Muesse will take on the new responsibility of business development in the Southwest region after having worked at …