Bermuda’s PartnerRe Ltd. announced that Costas Miranthis has been promoted to the new position of Deputy CEO, PartnerRe Global, effective July 2007. PartnerRe Global is the name the Group uses for its underwriting operations outside the U.S. It is comprised …
The Bermuda Monetary Authority, which among other things regulates the island’s insurance industry, announced that Matthew Elderfield has been appointed as the organization’s next CEO. He “brings 20 years of experience in international financial services regulation to the Authority,” the …
Insurance Commissioner Jim Donelon said on April 12 he has picked a new CEO for the state’s troubled “insurer of last resort” and will make the new chief executive’s name public during the week of April 16. The new chief …
The Board of Directors of American Community Mutual Insurance Company, based in Livonia, Mich., named Arthur O. Dummer, chairman of the Board, and Michael E. Tobin as the company’s new president and chief executive officer. John C. Colpean was elected …
A former campaign supporter of Alabama Governor Bob Riley is suing him and other present and former state officials, accusing them of conspiring to drive him out of the insurance business. John W. Goff of Mont gomery filed the suit …
A former campaign supporter of Alabama Governor Bob Riley is suing him and other present and former state officials, accusing them of conspiring to drive him out of the insurance business. John W. Goff of Mont gomery filed the suit …
Private consultants will take over management of Louisiana’s state-controlled insurer of last resort after the firm’s outgoing chief physically collapsed and its chief financial officer resigned. Terry Lisotta, secretary of Louisiana Citizens Property Insurance Corp., collapsed April 4 at the …
A New Jersey-based insurance company has sued the bankrupt bottled water maker Le-Nature’s Inc. and its former CEO, alleging that the executive lied in an application for a policy meant to protect him from legal costs. Federal Insurance Co. filed …
Michael G. Cherkasky, president and chief executive of Marsh & McLennan Companies Inc., the nation’s largest insurance brokerage, received compensation valued at $8.7 million last year, according to a regulatory filing last Friday. Cherkasky received $1 million in salary, $2.65 …
MassMutual Financial Group launched a clandestine probe against its chief executive after his wife complained that he was having an affair with a high-ranking female executive, according to a once-confidential report made public last Friday. MassMutual fired Robert O’Connell in …
