Insurance CEOs News

Ex-AIG CEO Found Liable in 1 of 2 Reinsurance Transactions

A New York judge held former American International Group Inc. Chief Executive Maurice “Hank” Greenberg liable for damages on a reinsurance transaction that state Attorney General Andrew Cuomo said helped the insurer hide losses. New York State Supreme Court Justice …

Court Upholds Conviction of Former Alabama Insurance CEO Goff

A federal appeals court has upheld the conviction of a former Montgomery insurance executive who was once a major supplier of workers compensation insurance in the Southeast. The 11th U.S. Circuit Court of Appeals in Atlanta issued a 3-0 decision …

Rhode Island Grand Jury Indicts Former Beacon Mutual CEO

A Grand Jury has indicted the former head of Rhode Island’s dominant workers’ compensation insurer, charging him with stealing from Beacon Mutual Insurance Co. Attorney General Patrick Lynch said that Joseph Solomon faces one count of larceny over $500 and …

Rhode Island Grand Jury Indicts Former Beacon Mutual CEO

A Grand Jury has indicted the former head of Rhode Island’s dominant workers’ compensation insurer, charging him with stealing from Beacon Mutual Insurance Co. Attorney General Patrick Lynch said that Joseph Solomon faces one count of larceny over $500 and …

Insurance Software Provider Guidewire Names Ryu CEO

San Mateo, Calif.-based Guidewire Software, a lprovider of flexible core systems to property/casualty insurers, announced that Marcus Ryu, a company co-founder, is now CEO. He succeeds John Raguin. Raguin will continue to work with Guidewire as vice president and executive …

Knight Assumes Role as CEO for Georgia Independent Agents

Aubie W. Knight has assumed the role of chief executive officer of the Independent Insurance Agents of Georgia (IIAG). Knight has been with IIAG since 1996. During his tenure, he has been responsible for most of IIAG’s for-profit operations and …

Lloyd’s Chairman Warns on Peril of Over-Regulation; Urges Growth

Lloyd’s Chairman, Lord Peter Levene warned a receptive audience at Lloyd’s City dinner that the current focus on regulation should not get in the way of strategies for future growth. His speech was addressed to two hundred of London’s leading …

Insurance Provides Value Catlin CEO Reminds London’s Insurance Institute

“Insurers and brokers must remind themselves of the value that insurance provides to clients and to society as a whole,” stated Stephen Catlin, chief executive of Catlin Group Limited*, in a speech delivered on Tuesday after his investiture as president …

Jennings Joins Wholesale Trading Co-Op as President and CEO

Wholesale Trading Co-Op LLC has announced that John Jennings has joined the firm as president and CEO. He is an experienced wholesale brokerage industry veteran and will lead the WTC founding team managing retail broker members and key specialty insurance …

Superior Access Names Crawford CEO

Irvine, Calif.-based Superior Access Insurance Services Inc. announced that its board of directors has named Thomas W. Crawford as CEO. He will continue as chairman while serving as CEO. Crawford has more than 45 years of insurance industry experience, leading …