American International Group Inc. Friday filed a motion for a stay of a court order requiring it to turn over some internal documents to ex-Chief Executive Officer Maurice “Hank” Greenberg. An appeals court ruled earlier this week that Greenberg should …
Marsh & McLennan Cos. Inc. will pay Michael Cherkasky, the executive they brought in to broker a costly legal settlement in 2005, $7.15 million as part of a severance package reached after he was forced out earlier this year. MMC, …
W. Russ Smith, CPCU, formerly vice president – claims for USAA, has been named the new president and chief executive officer of Arbitration Forums, Inc. (AF), effective March 3, 2008. Smith succeeds D. Kay Smith, who served as AF’s president …
Willis Group Holdings Limited will release earnings for the fourth quarter ending December 31, 2007 after the market closes on Wednesday, February 6, 2008. Copies of the release will be available soon thereafter within the “Investor Relations” section of the …
BMS, a reinsurance intermediary based in Philadelphia, has appointed James T. Buysse as chief executive officer of its North American operations, BMS Intermediaries, Inc. Buysse will be based in Philadelphia and will report to Hugo Crawley, chairman of BMS Intermediaries …
Marsh & McLennan Companies, Inc. (MMC) has appointed Brian Duperreault, who helped grow Bermuda-based ACE Limited, as president and chief executive officer of MMC, effective immediately. He replaces Michael Cherkasky, who has been president and CEO since October, 2004. MMC …
Atlanta-based Proudfoot Consulting named Dan R. Carmichael, former CEO of Ohio Casualty Corp., as senior advisor to the firm. Carmichael will help clients within Proudfoot’s insurance practice improve their operating performance. Carmichael joined Ohio Casualty Corp. as president and CEO …
In a letter addressed to the shareholders, employees and other stakeholders of Max Capital Group Ltd. W. Marston (Marty) Becker, Chairman and CEO, offered a detailed review of the Group’s financial position. In discussing Max Capital’ s performance and progress …
Stephen F. Bollenbach, former CEO of Hilton Hotels Corp., has been elected to the board of directors of American International Group. Bollenbach, 65, has also served as a CFO of the Walt Disney Co. and CEO of Host Marriott Corp., …
The chairman of North Dakota’s workers’ compensation agency has resigned, less than three weeks after his Bottineau County employers requested an investigation of Robert Indvik’s use of county property. Indvik’s resignation from the Workforce Safety and Insurance board takes effect …
