Insurance CEOs News

Kingstone Extends Employment Agreement with CEO Goldstein

New York-based insurer Kingstone Cos. has extended the employment contract with Barry Goldstein, its president and CEO since 2001. The amendment extends his tenure through 2014 and grants him 50,000 shares of common stock along with options to purchase an …

Lloyd’s CEO Richard Ward on a Successful Four Years

When he succeeded Nick Prettejohn as Lloyd’s of London’s CEO in 2006, Richard Ward was not an experienced veteran of the insurance industry, but then neither was Prettejohn, a former senior management consultant at Bain & Co. Neither is Lord …

Carter to Join Guy Carpenter as Vice Chairman – International Operations

Guy Carpenter & Company announced that it has named Victoria Carter as Vice Chairman of Guy Carpenter International. She will be “a key member of the Guy Carpenter International Leadership team and will be responsible for driving new business production …

Rivaz to Take Over from Kramer as Ariel Holdings CEO

Bermuda-based Ariel Holdings Ltd. has announced the appointment of George Rivaz as Chief Executive Officer. He “succeeds Don Kramer, the long-time insurance deal-maker who was instrumental in founding Ariel and who will continue to serve as non-executive Chairman of the …

Dumm Named Chairman of National Alliance Board

Professor Randy Dumm, Ph.D., of Florida State University, in Tallahassee, Fla., has been named the new chairman of the board for Austin, Texas-based The National Alliance for Insurance Education & Research. The National Alliance also named four new board members: …

Lloyd’s Chairman Visits Japan, So. Korea; Urges Closer Ties

Lloyd’s Chairman, Lord Levene, visited Japan and South Korea last week where he opened the new Lloyd’s Japan office and hosted an event with Korean Re, titled – Lloyd’s – A Working Partnership. Lloyd’s bulletin pointed out that “Japan is …

Calif. Earthquake Authority CEO Testifies In Support of Cat Insurance Bill

California Earthquake Authority CEO Glenn Pomeroy testified before the U.S. House of Representatives Subcommittee on Housing and Community Opportunity and Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises, in support of H.R. 2555 (specifically Title II), a bill that …

AIG’s Ex-CEO Greenberg to Testify on General Re Transaction This Week

Maurice “Hank” Greenberg, the former chief executive of American International Group Inc., will testify Wednesday over a sham transaction involving the insurer and a unit of Warren Buffett’s Berkshire Hathaway Inc, a judge ruled. New York State Supreme Court Justice …

ASCnet Relocating to Chicago-Area; CEO Search Initiated

Applied Systems Client Network (ASCnet), the user group of Applied Systems insurance agency management software, is planning to relocate by year-end 2010 to the Chicago area. Prior to the move, ASCnet will hire a permanent CEO to succeed interim CEO …

LeStrange to Retire as Endurance CEO, President; Cash to Succeed Him

Bermuda-based Endurance Specialty Holdings Ltd. announced that, effective March 1, 2010, David Cash will take over as its Chief Executive Officer. Kenneth J. LeStrange, the Company’s Chairman of the Board, President and CEO since its inception, will resign from the …