Insurance CEOs News

AmWINS CEO DeCarlo on Colemont Merger, Texas and Going Global

The acquisition of wholesale insurance broker Colemont Insurance Brokers by its competitor AmWINS Group gives AmWINS entry into international markets for the first time and a bigger presence in Texas, where Colemont is based. The deal also enhances some of …

AmWINS CEO DeCarlo on Colemont Merger, Texas and Going Global

The acquisition of wholesale insurance broker Colemont Insurance Brokers by its competitor AmWINS Group gives AmWINS entry into international markets for the first time and a bigger presence in Texas, where Colemont is based. The deal, which was announced in …

Former Louisiana Citizens CEO Gets 30-Month Jail Sentence

The former chief executive at Louisiana’s state-run insurance company has been sentenced to 30 months in prison for improperly spending more than $29,000 of the company’s money on lavish meals, trips, sports tickets and his daughter’s prom party. Terry Lisotta, …

Shareholders File Suit Against Goldman CEO Over Abacus

Goldman Sachs Group Inc. Chief Executive Lloyd Blankfein and other bank officials have been sued by shareholders in two lawsuits related to fraud allegations brought by the federal government. In complaints filed in New York State Supreme Court in Manhattan, …

Ariel Re Names Hurst as CEO

Bermuda-based Ariel Reinsurance Company Ltd. appointed Tom Hulst as CEO. Hulst will report to George Rivaz , the chairman of Ariel Reinsurance and CEO of Ariel Holdings. Hulst has been with the Ariel Re since shortly after its formation in …

Judge: Fraud Case Against Ex-AIG CEO Greenberg ‘Devastating’

New York state prosecutors have “a devastating case” against Maurice “Hank” Greenberg, the former American International Group Inc. chief executive accused of fraud over a reinsurance transaction 10 years ago, the presiding judge said in court Tuesday. After four hours …

AmWINS CEO DeCarlo on Colemont Merger, Texas and Going Global

The acquisition of wholesale insurance broker Colemont Insurance Brokers by its competitor AmWINS Group gives AmWINS entry into international markets for the first time and a bigger presence in Texas, where Colemont is based. The deal, for which no outside …

Irish Re/Insurance Market ‘Holding up’ Despite Financial Crisis, Says DIMA CEO

Ireland in general and Dublin in particular are in a financial crisis but the insurance and reinsurance sectors appear to be weathering the storm. In a recent interview, Sarah Goddard, CEO of the Dublin International Insurance Management Association (DIMA), said …

AIG Expects to Repay Government Before 2013, Says CEO

American International Group Inc.’s chief executive said Thursday he is “pretty comfortable” the bailed-out insurer will be able to repay the U.S. government before the 2013 expiration of its credit line. AIG, which has been selling assets to repay the …

Brockmann Named Marsh CEO for Latin America, Caribbean

Marsh announced the appointment of Ricardo Brockmann as CEO of Marsh in the Latin America and Caribbean region, effective immediately. He is currently the CEO of Marsh Mexico and a 30-year Marsh veteran. He will report to Alex Moczarski, president …