The Board of Directors of Fireman’s Fund Insurance Co. has elected Joseph J. Beneducci as CEO of the property and casualty insurance company. His appointment takes effect on Jan. 1, 2007. Beneducci previously served as president and chief operating officer. …
The Board of Directors of Fireman’s Fund Insurance Co. has elected Joseph J. Beneducci as CEO of the property and casualty insurance company. His appointment takes effect on Jan. 1, 2007. Beneducci previously served as president and chief operating officer. …
The chief executive of Marsh & McLennan Companies Inc., the nation’s largest insurance brokerage, said this week that the management team would recommend that the board of the nation’s largest insurance brokerage raise its annual dividend to 76 cents per …
Marsh announced from London that Martin South has been named to fill the new role of CEO of its UK operations. He will report to Alex Moczarski, CEO of Marsh, Europe Middle East and Africa (EMEA). South joins Marsh from …
The Board of Directors of Fireman’s Fund Insurance Co. has elected Joseph J. Beneducci as CEO of the property and casualty insurance company, effective Jan. 1, 2007. Beneducci previously served as president and chief operating officer. He succeeds Charles (Chuck) …
Houston, Texas-based HCC Insurance Holdings Inc., announcing the results of its independent investigation of stock option granting practices, said company founder Stephen L. Way resigned as chief executive officer effective Nov. 17, 2006. Way will remain a director and serve …
A number of Lloyd’s leading claims experts have come out in support of CEO Richard Ward’s call for the London market to start processing claims electronically as soon as possible. An article on the Lloyd’s Website (www.lloyds.com) notes that, “during …
A bankruptcy judge slashed the monthly salary of Vesta Insurance Group chief executive David Lacefield to $15,000, siding with creditors who claimed he was making too much as the company is liquidated. U.S. Bankruptcy Judge Thomas Bennet ruled that Lacefield’s …
American Institute of Marine Underwriters (AIMU) elected Richard J. Decker, president of AIG Global Marine, as chairman. He succeeds Robert V. Huffert, senior vice president and manager of the ocean marine department and a vice president of Munich Reinsurance America …
Bermuda-based Max Re Capital Ltd. reported net income for the three months ended September 30, 2006 of $26.5 million, or $0.42 per diluted share, compared to a net loss of $44.2 million, or $0.96 per diluted share, for the three …
