Switzerland’s financial community has seen some major upheavals lately. The latest major change came with the announcement that Peter Forstmoser, Chairman of the Board of Directors of Swiss Re, has decided to resign from the Board, effective May 1. Swiss …
Swiss Re announced that following Kaspar Villiger’s nomination for election as Chairman of the UBS Board of Directors he will resign as a member of Swiss Re’s Board of Directors with effect from from March 13, 2009, the day of …
A federal judge has rejected a bid to dismiss one of three remaining claims brought by AIG in a court battle against Starr International Co., a company controlled by former AIG Chief Executive Maurice “Hank” Greenberg, over rightful ownership of …
American International Group Inc., whose $61.66 billion quarterly loss was the largest ever for a U.S. company, has been sued for securities fraud by former Chief Executive Maurice “Hank” Greenberg. Greenberg, the insurer’s largest individual shareholder, accused AIG of overstating …
Despite the seemingly difficult times independent insurance agents may be facing today, they will always have a future, according to George Joseph, chairman and founder of Mercury Insurance, considered one of the most innovative underwriters in the country and the …
Members of the Surplus Line Association of California (SLA) elected John Edack as their chairman during the SLA 2009 Annual Meeting held January 29 in Beverly Hills, Calif. Edack is the executive vice president of Arch Specialty Insurance Agency Inc. …
Swiss RE’s CEO Jacques Aigrain resigned today, Thursday, February 13, a week after U.S. investor Warren Buffett stepped in with new capital and the reinsurer said it was disbanding its financial markets business. Swiss Re said Aigrain has been replaced …
Despite the seemingly difficult times independent insurance agents may be facing today, they will always have a future, according to George Joseph, chairman and founder of Mercury Insurance, considered one of the most innovative underwriters in the country and the …
The former chief of Louisiana’s state-backed insurance company has pleaded not guilty in a criminal case that accuses him of fraudulently spending the firm’s money for personal travel and entertainment. Terry Lisotta was arraigned Feb. 2 in Baton Rouge on …
Encino, Calif.-based NAS Insurance Services has named Richard J. Robin CEO. A principal of the company, Robin oversees all operations of NAS including underwriting, marketing, business development and administration. He has been with NAS for more than 14 years. Edward …
