Former Iowa Insurance Commissioner Therese M. Vaughan, Ph.D., has been named chief executive officer of the National Association of Insurance Commissioners (NAIC), effective Feb. 18, 2009. Vaughan replaces Catherine J. Weatherford, who left the NAIC in July 2008. Andrew Beal, …
Zurich Financial Services Group has appointed Ian Parker (43, UK citizen) to the position of CEO Direct business for Europe General Insurance (EGI) effective immediately. He has been acting as interim head of the direct business in addition to his …
Marsh has named David L. Eslick as chairman of Marsh & McLennan Agency LLC, its new agency for small and emerging growth U.S. companies. Eslick, who has 30 years of experience in the insurance industry, most recently was chairman, president …
One Employee’s Embezzlement Brought Others at Thomco Together and Taught This CEO About Leadership A little more than 10 years ago, Greg Thompson, founder and CEO of the Georgia-based insurance services firm Thomco Inc., discovered his accounting manager was stealing …
The Insurance Industry Charitable Foundation has named Adam McDonough chairman of its Western Division. Adam McDonough is president and CEO of Lockton Insurance Brokers based in San Francisco. He has more than 20 years of experience providing insurance brokerage and …
AIG has named Russell Johnston as president and CEO of AIG Environmental, a unit of AIG Commercial Insurance. Johnston assumes management responsibility for AIG Environmental from Joseph Boren, who has left the company to join Ironshore. Johnston will report to …
Former AIG chief executive Robert Willumstad will forego stock awards he was granted as part of his agreement to step into the insurer’s top post last June, the company said in a regulatory filing on Tuesday. Willumstad led American International …
CNA Surety Corporation recently announced the resignation of chairman of the board of directors James R. Lewis effective Dec. 31, 2008. Lewis is also stepping down as president and CEO of the property/casualty operations of CNA Financial Corp. when his …
Lloyd’s of London announced that “following his re-election to Council, the Council of Lloyd’s has re-appointed Lord Peter Levene as Chairman of Lloyd’s.” The bulletin added that the “decision comes after the Legislative Reform Order to amend the Lloyd’s Act …
Bermuda-based XL Capital Ltd. has issued two separate comments following yesterday’s announcement by Standard & Poor’s Ratings that it has downgraded XL and its operating subsidiaries (See IJ web site – https://www.insurancejournal.com/news/international/2008/12/16/96328.htm). CEO Michael S. McGavick expressed his disappointment with …
