Maurice “Hank” Greenberg, former chief executive of American International Group Inc., fabricated documents and lied under oath in a bid to rewrite history and cloud who is the rightful beneficiary of a valuable block of AIG stock, AIG lawyer Ted …
The Santa Ana, Calif.-based Insurance Educational Association (IEA), a provider of professional education, announced the appointment of four new members to its Board of Directors: Jack Reddy, Guy A. Avagliano, Louis H. Castoria and William Riedley. Incoming Chairman Reddy is …
A company run by former AIG CEO Maurice “Hank” Greenberg did not plunder billions from a retirement fund, a jury ruled, dashing the bailed-out insurer’s chances of collecting $4.3 billion in damages. American International Group Inc. took Starr International Co, …
Guy Carpenter & Company announced that it has named Henry Keeling as President & Chief Executive Officer of International Operations, effective August 1, 2009. He will also chair Guy Carpenter’s International Board and will be responsible for its operations in …
Aon Limited, the UK subsidiary of Chicago-based Aon, announced the appointment of Rob Brown as CEO, subject to the approval of the UK’s Financial Services Authority (FSA). He will continue in his role as CEO of Aon Corporate & Affinity, …
American International Group Inc., the insurer rescued by $180 billion of federal bailouts, on Tuesday expressed optimism it will be able to repay government loans as it tries to rebound from punishing losses tied to derivatives. AIG held its annual …
Theodore R. (Ted) Magley, a nearly 45-year employee of Ohio-based State Auto Insurance Companies and former chairman of the board, died at home on June 22, after a brief battle with cancer. He was 81. In 1949, shortly after receiving …
AmWINS Group CEO M. Steven DeCarlo has received the Ernst & Young Entrepreneur of the Year 2009 Award in the Business and Financial Services category in the Carolinas. According to Ernst & Young LLP, the award recognizes “outstanding entrepreneurs who …
An Alabama state judge has ordered former HealthSouth CEO Richard Scrushy to pay nearly $2.9 billion to shareholders who sued over a massive accounting fraud that nearly sent the rehabilitation chain into bankruptcy. Circuit Judge Allwin E. Horn, who heard …
Phoenix-based SCF Arizona President & CEO Smith has been named one of Arizona’s “Most Admired CEOs” by a local business paper. SCF Arizona is the state’s largest workers’ compensation insurer. The weekly publication selected 25 individuals to honor at its …
