Amwest Insurance Group Chairman Richard Savage has stepped down and Charles Schultz has taken his place as chairman and interim chief executive officer. Meanwhile, the Calabasas, Calif.-based company said John Savage, chief executive and president, has become vice chairman of …
Safeco Corp. has named William G. Reed Jr., a member of the insurance and investment company’s board of directors, as chairman and chief executive until a permanent replacement is found. Reed, 61, will take the job Jan. 1, replacing Roger …
Progressive Corp. chief executive Peter Lewis is stepping down and will be replaced by Glenn Renwick effective Jan. 1. Lewis, who has been involved with Progressive for 45 years, and served as CEO for 35 years will remain chairman of …
Cigna Corp. has named its chief executive, H. Edward Hanway, as chairman of the board. Hanway, who has worked for Cigna for 22 years, succeeds Wilson H. Taylor who will retire at the end of the year. Hanway was named …
Max Taylor, who will complete three years in office as chairman of Lloyd’s at the end of this month, will be joining Aon Corp. beginning Jan. 2, 2001. Taylor is leaving Lloyd’s after a board decision earlier this year to …
Property and casualty insurer RLI Corp. has named Jonathan Michael as president and chief executive of the company, effective Jan. 1. Michael succeeds Gerald Stephens, RLI founder, who was named chairman of the board. Meanwhile, the RLI board also declared …
Dan R. Carmichael, 55, has been named president and chief executive of Ohio Casualty Corp. effective Dec. 12, 2000. Carmichael replaces William L. Woodall, who remains as chairman of the board. Since 1995, Carmichael has served as president and chief …
AIG CEO Maurice Greenberg canceled a previously scheduled trip to Seoul, prompting speculation that the $1 billion plus deal announced last July for an AIG led consortium to acquire a 50 percent interest in financially troubled Hyundai Investment Trust Management …
SAFECO will experience higher than expected underwriting losses in its large commercial and homeowners lines, slowing third-quarter profit improvement sharply. The company’s overall combined ratio is expected to be in the 110-111 range, a slight improvement over the second quarter, …
Thomas J. Rodell, a managing director for Aon Risk Consultants in Chicago, has been named chairman of The Council of Insurance Agents and Brokers. Rodell is a long-time member of the Council’s board. Most recently, he served as the Council’s …
