Standard & Poor’s Ratings Services announced that it has lowered its counterparty credit rating on Alleghany Corp. by one notch to ‘BBB’ from ‘BBB+’ and assigned a stable outlook. “We lowered the rating because we believe Alleghany increasingly resembles a …
Novato, Calif.-based Fireman’s Fund Insurance Company has named Michael LaRocco president and CEO. His appointment was made by the company’s board of directors. LaRocco will start on March 17 and will report to Chuck Kavitsky, president and CEO of Allianz …
San Diego, CA, 03/04/2008 – ARROWHEAD General Insurance Agency, Inc. announced today it has named Chris Walker as chief executive officer effective 2/28/08. He will succeed Frank Ruyak who has held that position since 2003. Walker’s previous position was president …
Bermuda-based Platinum Underwriters Holdings has announced that Steven H. Newman will retire from its Board of Directors at the end of his current term. He has served as Chairman of the Board of Platinum since 2002, and will continue to …
Englewood, Colo.-based Colorado Casualty, a Liberty Mutual Agency Markets regional company, announced that president and CEO Donald E. Frette is retiring in May, following a 15-year career with the company. Frette will be succeeded by Keith Braxton, effective March 17, …
Willis Group Holdings has extended the employment agreement with its Chairman and CEO Joseph J. Plumeri. The agreement, which was originally scheduled to expire October 15, 2009, extends his tenure through April 2011. The extension assures that Plumeri will continue …
Grange Mutual Casualty Company recently announced that its policyholders have elected Douglas Buth to its Board of Directors. Chairman Emeritus Edward Billman also announced his retirement from the Grange Board. Both announcements were made during the company’s annual policyholders’ meeting. …
North Dakota’s House Republican majority leader says the state’s troubled workers’ compensation agency needs to replace its interim chief executive with an experienced outside manager. John Halvorson, the chief of employer services at Workforce Safety and Insurance, has been the …
Willis Group Holdings, the global insurance broker reports it has extended the employment agreement with Joseph J. Plumeri, its chairman and chief executive officer. The agreement, which was originally scheduled to expire Oct. 15, 2009, will extend his tenure as …
The National Fraternal Congress of America has hired Joseph J. Annotti as its new president and CEO, effective March 24. Annotti replaces Frederick H. Grubbe, who resigned in May. Since that time, NFCA’s Director of Government Affairs Bob Huxel has …
