Dutch financial and insurance group ING will take a 2008 loss of €1 billion ($1.294 billion) and will tap into a Dutch state guarantee for its troubled loan portfolio, it said on Monday, adding that its Chief Executive Michel Tilmant …
The Supervisory Boards of Hannover Rückversicherung AG and E+S Rückversicherung AG (Hannover Re) announced that long-time CEO Wilhelm Zeller is retiring at the end of June 2009. Ulrich Wallin, 54, will succeed him as the new Chief Executive Officer of …
W. Marston (Marty) Becker, Chairman and CEO of the Bermuda-based Max Capital Group has issued a letter addressed to the Company’s shareholders, employees and other stakeholders updating them on Max Capital’s performance and progress in 2008 and on its 2009 …
Maurice “Hank” Greenberg, the man who ran American International Group for nearly 40 years and who now runs C.V. Starr & Co., is being reunited with some executives who used to work under him when he ran AIG. C.V. Starr …
Former AIG Chief Executive Maurice “Hank” Greenberg said in a letter Thursday the insurer should halt asset sales until the new administration in Washington can assess what is best for the now government-controlled insurer. Greenberg, a vocal critic of successive …
Marsh announced the appointment of insurance industry veteran Kenneth Kwok as Hong Kong Chairman, reporting to Paul Wilkins, CEO for Greater China, and working along side Marsh Hong Kong CEO, David Jacob. He “will focus on unlocking Marsh’s potential in …
Zurich Financial Services has announced the appointment of Saad Mered (42, US citizen) as CEO Middle East with immediate effect. In this position, he will oversee Zurich’s operations in the Middle East. Mered will be based in Dubai and will …
Lloyd’s Chairman, Lord Peter Levene, has called for insurers to contribute to the debate about the future of financial markets, citing better regulation as the key way forward. In an article on the Lloyd’s web site (www.lloyds.com) Levene stated: “What …
BrickStreet Mutual Insurance Co.’s board of directors has elected Charleston attorney Thomas V. Flaherty to serve as its new chairman. In addition, BrickStreet Senior Vice President and General Counsel Thomas J. “T.J.” Obrokta Jr. was named to the board in …
Gov. Mike Beebe has appointed A. Watson Bell of Searcy to chair the Arkansas Workers’ Compensation Commission. Bell replaces Olan W. Reeves, who was appointed to the commission by former Gov. Mike Huckabee in 2003. The governor’s office says Bell …
