Ohio-based Westfield Group has selected James R. Clay as its next group leader and chief executive officer. Clay currently serves as insurance leader and president. He has served the company for more than 30 years in numerous capacities. Clay will …
The Bermuda-based Everest Re Group reported second quarter 2010 after-tax operating income, which excludes net realized capital gains and losses, of $184.8 million, or $3.18 per diluted common share, compared to after-tax operating income of $256.2 million, or $4.16 per …
The Board of Directors of Marsh & McLennan Companies, Inc. (MMC) announced that Ian Lang, Lord Lang of Monkton, will succeed Stephen R. Hardis as Independent Chairman of the MMC Board of Directors when Hardis retires from the Board in …
BP Plc’s newly named chief executive Tuesday called the Gulf oil spill a “wake-up call” for the entire industry as the company tallied up its losses and disclosed two U.S. investigations. Bob Dudley, who will replace gaffe-prone Tony Hayward as …
A committee of the Louisiana Citizens Property Insurance Corp. board has recommended a compensation package of $264,000 annually for the insurer’s next chief executive. The full board of the property insurer of last resort will consider hiring Richard Robertson, an …
The California State Compensation Insurance Fund has named Tom Rowe president, CEO and member of the Executive Committee. He will report directly to the Board of Directors and is responsible for the day-to-day operations of State Fund. As head of …
Weiss Group, Inc., the parent company of Weiss Ratings, Weiss Research and Weiss Capital Management, has hired Thomas J. Clarke, Jr. as chief executive officer. Martin D. Weiss, CEO since 1971, will continue as chairman of the board and editor …
Standard & Poor’s Ratings Services said today that its ratings on American International Group (AIG; A-/Negative/A-1) and AIG’s insurance subsidiaries (most of which are rated A+/Negative/–) are not affected by the company’s announcement that Robert S. (Steve) Miller has succeeded …
Bailed-out insurer American International Group named former Prudential plc Chief Executive Mark Tucker as head of its Asia life insurance business, AIA, and said it would seek to list AIA on the Hong Kong stock exchange. The abrupt removal of …
American International Group named director Robert “Steve” Miller as its new chairman, replacing Harvey Golub, who resigned after clashing with Chief Executive Robert Benmosche over the botched sale of the insurer’s Asian life unit. “Bob Benmosche has informed the board …
