A U.S. congressman Thursday expressed concern about a stake in Goldman Sachs Group Inc. held by Edward Liddy, CEO of bailed-out insurer American International Group Inc., and urged him to quit. Liddy owns shares and restricted stock units in Goldman …
Willis Group Holdings announced that Staffan Larsson has been appointed chief executive officer of its operations in Sweden, based in Stockholm. He was formerly a member of the Willis Sweden management team and head of Business Strategy and Development, and …
The public outrage aimed at American International Group over bonuses given to its executives has reached the man whose committee approved the payouts: James F. Orr, former chief executive officer of Unum Corp. The Portland Press Herald said leaders of …
Ron Wright, chief operating officer of Texas Mutual Insurance Company since 1997, will become president and CEO of the company effective Sept. 1, 2009, Texas Mutual announced. Wright will succeed Russell R. Oliver, who announced his retirement in February. Oliver …
Hartford Financial Services Group said on Friday that it has awarded Chief Executive Ramani Ayer $4.5 million for his 2008 compensation, in the face of a $2.75 billion net loss. The company also disclosed that it paid a former chief …
Max Capital Group’s deal to merge with rival IPC Holdings offers shareholders a better long-term deal than an unsolicited offer from Validus Holdings, Chief Executive Marston Becker said Thursday. Max’s deal is richer on a book-value basis, even though Validus’ …
The chairman of a U.S. House oversight panel said Wednesday he will soon call the chief executive of American International Group Inc. to testify, amid the committee’s ongoing probe of the fall of the insurance giant. Democratic Rep. Edolphus Towns, …
Maurice “Hank” Greenberg, former CEO of American International Group Inc. and creator of the AIG unit whose investments triggered the insurance giants’s near collapse, portrayed himself as a victim in testimony before a congressional panel Thursday. Some lawmakers questioned his …
The South Financial Group has agreed to settle two lawsuits with shareholders and announced that former CEO Mack Whittle will retire from the South Carolina company’s board of directors. The settlement totals $500,000. The company says it will pay $300,000 …
A banker has sued Citizens Republic Bancorp in Michigan, saying he was fired for questioning a $7.5 million bonus for the company’s chief executive on the eve of a federal bailout payment. John D. Schwab filed a lawsuit in Genesee …
