Bob Mendelsohn, the CEO of Royal & Sun Alliance, took a small pay cut last year of around $17,200, but still managed to take home a combination of salary and benefits of around $1.48 million. Mendelsohn’s performance at R&SA has …
In a recent discussion of the state of the p/c insurance and reinsurance market Kenneth J. LeStrange, Chairman, CEO and President of Bermuda-based Endurance Specialty Insurance, Ltd. saw continuing challenges, but also increased opportunities for growth, especially by newer insurers, …
According to a report from Reuters News Agency Swiss Re’s CEO Walter Kielholz told a local Swiss Sunday paper, the NZZ am Sontag, that the company had begun to buy equity shares again in September and foresaw an annual average …
A.M. Best Co. announced that it has further downgraded the financial strength rating to C+ (Marginal) from B- (Fair) for MIIX Group, Lawrenceville, New Jersey, with the outlook continuing to be negative. The rating action applies to MIIX Insurance Company …
White Mountains Insurance Group announced that Jack Byrne has returned to the post of chief executive, a role he had left for nine months to run a company subsidiary. Byrne left the post in June to run OneBeacon, which White …
Bowing to continuing pressure from shareholders, Zurich Financial Services (ZFS) Chairman and CEO Rolf Hueppi, has decided to resign the latter position, but will remain as head of the board. In a brief announcement ZFS said he planned to step …
Former Near North CEO Michael Segal was indicted on one count of insurance fraud by a federal grand jury, for purportedly filing bogus statements regarding the financial condition of his insurance brokerage to state regulators, according to Chicagobusiness.com. The indictment …
CEO Michael Segal of Chicago-based Near North Insurance Brokerage Inc., stepped down from his position Jan. 31 following his arrest for alleged mail and insurance. Segal, 59, the sole shareholder of Near North, is accused of embezzling money from the …
CEO Michael Segal of Chicago-based Near North Insurance Brokerage, Inc., stepped down from his position Jan. 31 as a result of his arrest for mail and insurance fraud involving a trust fund from which he allegedly misappropriated funds. According to …
Debra McClenahan has been appointed chief executive officer of CNA Re, one of the three major businesses of CNA insurance companies. McClenahan, who succeeds William J. Adamson, will have overall responsibility for strategic direction and profitable growth of CNA Re. …
