Marsh has announced the promotion of Sanjay Kedia to CEO and Country Manager for Marsh India Insurance Brokers Private Limited (Marsh India). He takes over from Jonathan Bitcheno, who has retired to his native New Zealand after nearly 30 years …
An American stabbed to death in China in an attack that also critically injured his wife had ties to the Metro East, Ill. Sixty-two-year-old Todd Bachman was the board chairman at Edwardsville-based Hortica. That company provides insurance and risk management …
American Special Risk Insurance Services, a surplus lines professional liability managing general agent/wholesaler based in Woodland Hills, Calif., appointed Rocio L. Orta president and CEO. She will be responsible for developing and implementing strategic and operating plans focusing on ASR’s …
American International Group’s Chief Executive Robert Willumstad will soon take the scalpel to the world’s largest insurer — and not a minute too soon for investors blindsided by mortgage losses that led to an unexpected $5.36 billion quarterly loss. Willumstad, …
Detlef Steiner, executive chairman of New York-based insurer Delos Insurance Group, will retire at the end of this month, the company said. Steiner has been with Delos Insurance Group since its founding. “Dr. Steiner has been a part of our …
Florida Chief Financial Officer Alex Sink announced the appointment of James R. Malone as chairman of the Board of Governors for Citizens Property Insurance Corp., effective August 1. State-backed Citizens is the largest property insurer in Florida. Malone, 65, is …
The world’s largest insurance company, the one that always announces spectacular earnings, the company with the forceful views on how the market should function, has fallen off its pedestal. It not only has fallen, but also has tumbled down a …
Lester B. Knight, an independent director since 1999, has been elected non-executive chairman of the board of Aon Corp. Knight, 50, succeeds Patrick G. Ryan, Aon’s executive chairman and founder, who previously announced his intention to retire on Aug. 1, …
American International Group Inc. said Friday in a regulatory filing that it will pay new Chief Executive Robert Willumstad a base salary of $1 million, and also set lucrative annual bonus and incentive pay targets. AIG named Willumstad to the …
Erie Insurance Group is welcoming the first chief executive officer to come from outside the company in its 83-year history. Terrence Cavanaugh takes over as president and CEO of Erie Insurance on July 29. He will be the company’s eighth …
