Global insurance broker Willis Group Holdings has named Gary Schmalzriedt as chairman of Willis Re, the company’s reinsurance arm. Schmalzriedt brings 40 years of international insurance management experience to his new role, and was chairman and chief executive officer of …
New York-based Kinloch Holdings, Inc., an insurance brokerage holding company focusing on middle market clients, announced today that founder and CEO Robert Lockhart has resigned to pursue other opportunities. Steve Genatt, a principal in the firm, will serve as the …
Erie Insurance Group has selected Terrence W. Cavanaugh as president and chief executive officer, effective July 29, at which time he will also be elected to the company’s board of directors. Cavanaugh joins Erie from Chubb Corp. where he has …
Maryland Insurance Commissioner Ralph S. Tyler has ruled that CareFirst can pay its terminated chief executive officer $9 million in severance, about half of what the nonprofit health insurer had proposed. Tyler ruled that CareFirst’s proposal to pay former CEO …
James E. Rutrough, vice chairman and chief administrative officer of State Farm Mutual Automobile Insurance Company, based in Bloomington, Ill., has been named the chairman of Junior Achievement USA headquartered in Colorado Springs, Colo. Rutrough has been on Junior Achievement’s …
Wells Fargo Insurance Services, a subsidiary of Wells Fargo & Co., said it has become the exclusive manager of the HLA Global Network, now known as the Wells Fargo Global Broker Network. The Network has 10,000 insurance and risk management …
John Charman, chief executive of Bermuda insurance group Axis Capital Holdings Ltd expects to pass on the CEO position to a successor when his contract ends in just over five years. Charman, in an interview, decided this year to renew …
Aon Corp. has appointed Damien Guermonprez as chief executive officer of Aon France. He replaces Vincent Redier, who will continue to serve as executive chairman of Aon France, member of the executive board of Aon Risk Services (ARS), and chairman …
John Charman, chief executive of Bermuda-based Axis Capital says insurers are caught between softening policy rates and volatile investment markets, a situation he expects to hurt returns. “You could make the case that this is the perfect storm — where …
Sacramento, Calif.-based InterWest Insurance Services named Keith Schuler CEO. He will be in charge of guiding the company toward a $500 million increase in premiums managed and keep the company independently owned. InterWest is an independently owned commercial insurance brokerage …
