The Independent Insurance Agents of America (IIAA), announced that Robert A. Rusbuldt is the new CEO of the association. Rusbuldt succeeds Paul A. Equale, who is leaving IIAA to focus on his role as chairman of the Democratic Business Council. …
W.R. Berkley Corp. last year awarded its chairman and chief executive, William Berkley, a $2 million bonus according to a proxy statement filed by the company on Wednesday. The Greenwich, Conn., company also increased Berkley’s salary to $1 million from …
Even as Allstate Corp. awarded its Chief Executive Edward Liddy a 14 percent pay increase last year, the company’s year-end results were mixed. Net profit for the year fell 19 percent to $2.2 billion, largely due to a drop in …
AXA’s CEO Henri de Castries, in an interview with the French financial newspaper La Tribune, confirmed that the French insurer had held talks with Germany’s Deutsche Bank and “other players,” whom he didn’t name, about possible business deals. AXA is …
International insurance brokerage and consulting company Summit Global Partners has expanded into California with Russell “Russ” Sands at the helm as Chairman and CEO of Summit Global Partners Insurance Services. Dallas-based Summit Global Partners offers risk-management consulting, property casualty insurance …
Charles Thomson formally took over as the new CEO of troubled U.K. insurer Equitable Life, which is facing a parliamentary investigation of its financial troubles, and has agreed to sell its offices, sales force and fund management operations to mortgage …
Prudential PLC has appointed Mark Wood as chief executive of the company’s UK and European Insurance businesses effective June 21. At that point Wood, 47, will take over responsibilities from chairman and executive director of Prudential Europe Keith Bedell-Pearce, who …
SAFECO Corp. has named Mike McGavick as chief executive, ending a four-month search for a new leader. Former CEO Roger Eigsti resigned at the end of last year. In related news, Boh Dickey, SAFECO president, chief operating officer and member …
Jeff Post, 41, has been named President and CEO of Fireman’s Fund Insurance Co., the principal property and casualty subsidiary of Allianz AG Post has been the Fireman’s Fund chief financial officer since 1996, and succeeds Joe Stinnette, who had …
Bernard L. Hengesbaugh, chairman and chief executive officer of Chicago-based CNA, was elected chairman of the board of the Insurance Information Institute. Klaus G. Dorfi of the Atlantic Mutual Companies was elected vice-chairman. Hengesbaugh succeeds Edward M. Liddy, chairman, president …
