Former longtime AIG chief Maurice “Hank” Greenberg and another former executive will get $60 million from the company’s insurers to cover legal and other costs as part of a proposed settlement of investor lawsuits, court papers show. The payouts to …
K&K Insurance named Todd Bixler as president and CEO, effective Sept. 1, 2010. Bixler joined K&K Insurance in 1986 as controller, responsible for financial reporting and accounting operations. His subsequent positions of increasing responsibility with K&K included chief financial officer, …
Eastern Insurance Holdings said founder and CEO Bruce M. Eckert will step down at the end of the year and President and Chief Operating Officer Michael L. Boguski will assume the top executive for the role of president and chief …
The governing board for Louisiana’s property insurance company of last resort agreed to pay its next chief executive $264,000 a year.The Louisiana Citizens Property Insurance Corp. board approved the pay package for Richard Robertson without objection. Robertson will get a …
Scott Brock has been appointed as CEO of Goss Reinsurance Brokers Inc., the reinsurance brokerage division of U.S. Risk Insurance Group Inc. Brock will work with Chris Turner, president of Goss Re, to provide highly focused, personalized reinsurance program and …
ACE Limited announced from its headquarters in Zurich that John Keogh, currently the Insurance Chairman of the group’s Overseas General division, has been named to the additional position of Vice Chairman, ACE Limited and ACE Group Holdings. His responsibilities encompass …
Hewlett-Packard Co.’s directors have been sued by a Massachusetts pension fund that alleges they violated their fiduciary duties in connection with the abrupt departure of Chief Executive Mark Hurd, causing the company’s shares to fall. The shareholder derivative lawsuit accused …
Darren Beck has been named chief executive officer of Business Insurance Now, an online marketplace for commercial insurance for small businesses. He will also serve as a member of the Allen, Texas-based company’s board of directors. Previously, Beck was chief …
Specialty insurer and reinsurer Catlin Group Limited has appointed Peter Schmidt as chief executive officer for European Reinsurance. He will also serve as CEO of Catlin Re Switzerland, which subject to regulatory approval will begin writing specialty classes of reinsurance …
W. R. Berkley Corp. has appointed Douglas J. Powers as president and chief executive officer of Carolina Casualty Insurance Co., succeeding William E. Haines. The appointment is effective immediately. Powers has 25 years of experience in the insurance industry. He …
