The Gibraltar Group, a full-service insurance firm based in Lubbock, Texas, announced that Brandt Beal has been promoted to president of the firm and Ralph Beal has been designated as chairman of the company’s board of directors. In his new …
Catherine J. Weatherford, executive vice president and CEO of the National Association of Insurance Commissioners (NAIC) for the past 12 years, confirmed reports that she will be leaving the association. Weatherford is expected to continue to serve the association as …
New Chief Sees ‘No Sacred Cows’ in Turnaround Plan; Ready to Divest of Non-Insurance Holdings American International Group, the world’s biggest insurer [by capitalization], replaced CEO Martin Sullivan on June 15, after it suffered two quarters of record losses from …
American International Group Inc. said it paid a $47 million severance package to former Chief Executive Martin J. Sullivan, whose resignation took effect Tuesday. Sullivan, who left his position in mid-June after two quarters of record losses at AIG, will …
Dan Ramsey, president and CEO of the Independent Insurance Agents of Oklahoma, says the recently convened 2008 state legislative session was a good one as far as the association is concerned. Out of 4,000 bills considered by lawmakers, 83 of …
Maryland’s insurance commissioner heard closing arguments last week on whether to allow a nearly $18 million severance and retirement package for former Carefirst CEO William Jews. Insurance Commissioner Ralph Tyler is looking into whether the payments are excessive for the …
Florida’s state-backed Citizens Property Insurance Corp. announced the retirement of its board of governors’ chairman. At its meeting in Jacksonville, Bruce Douglas said he decided not to seek reappointment to the board. Douglas told fellow Board members and the audience …
Zurich Financial Services Group has announced the appointment of Mario P. Vitale, currently Chief Executive Officer (CEO) of Global Corporate in North America, to the new role of Deputy CEO of Zurich’s Global Corporate business division. He will also become …
ACE has announced the appointment of Matthew Shaw as Chief Underwriting Officer, ACE Global Markets (AGM). He will also become the Chairman, ACE Tempest Re Europe, where he was previously Managing Director. He will report directly to Richard Pryce, President …
American International Group Inc’s former chief executive, Martin Sullivan, who stepped down on Sunday amid large subprime losses, could receive up to $68 million in severance pay and benefits, according to an estimate compiled by an outside research firm. Corporate …
