The board of directors of Prudential Financial has elected a new chief executive officer. John R. Strangfeld will take the reins of the Newark-based insurance and financial services company on Jan. 1. Strangfeld, 53, currently runs all of Prudential’s U.S. …
Willis Group Holdings has appointed Eugenio Paschoal CEO of the Latin American region in a move the broker described as “reinforcing” the importance of the region for its international network, and as underlining “Willis’ commitment to ensuring that its international …
Bermuda-based Montpelier Re Holdings Ltd. announced that as part of the Company’ s succession plan the Board of Directors has approved the entry into a new Service Agreement between the Company and Chairman and CEO Anthony Taylor, effective January 1, …
Fiserv Inc., a provider of information technology services to the financial industry, announced its President and CEO Jeffery Yabuki has been awarded the top honor in the Innovator Award of 2007 from Bank Technology News, a magazine for senior financial …
Citigroup Inc., former CEO Charles Prince and other executives were sued in federal court this week over losses related to the bank’s subprime mortgage-backed securities portfolio. The shareholder derivative lawsuit, filed in federal court in Manhattan, alleges Citigroup executives recklessly …
“The world is changing at an exponential rate but this is not something we should fear. It is something that we should embrace and be prepared for,” Lloyd’s CEO Richard Ward told his audience at the Xchanging Conference in Brighton,yesterday, …
Louisiana Medical Mutual Insurance Company announced that John E. Lemoine, M.D., who currently serves as the chairman of the Board, chief executive officer and president of the Louisiana, plans to retire at the end of this year. However, Dr. Lemoine …
New Mexico Public Regulation Commission Chairman Ben Ray Lujan has taken himself off an appeal of an insurance rate decrease because of a meeting he’d had with Gov. Bill Richardson’s campaign manager, Dave Contarino, who co-owns a title company. The …
Bermuda-based AXIS Capital Holdings Limited has extended the employment agreement of John Charman, CEO and president, to Dec. 31, 2009. AXIS Capital is a Bermuda-based global provider of specialty lines insurance and treaty reinsurance with shareholders’ equity at June 30, …
Zurich Financial Services has announced that Robert Landry will retire as head of its Canadian operations at the end of the year. Alister Campbell, previously Senior Vice President at ING, has been tapped to succeed Landry as Chief Agent and …
