The Missouri Department of Insurance has filed a complaint seeking discipline of the former Chief Executive Officer of Capital Reserve Life Insurance Company. The complaint names Joseph E. Warden, of New Albany, Ohio, as an insurance producer who misappropriated company …
The current insurance regulatory structure inhibits innovation and actually perpetuates commoditization of insurance products to the detriment of consumers, according to Joseph J. Beneducci, president and chief operating officer of Fireman’s Fund Insurance Company, who called for an optional federal …
Electric Insurance Company in Beverly, Mass. has named Marc A. Meiches as president and chief executive officer, effective July 1, 2006. Meiches will succeed Larry Cohen who has been acting CEO since April 2005. Meiches comes to Electric Insurance from …
RG America Inc., a Dallas-based insurance restoration company specializing in recovery, remediation, roofing and re-construction of insurance losses, announced that Bruce A. Hall, who has been serving as chief financial officer for RG America, is being promoted to the position …
Lloyd’s Chairman, Lord Peter Levene, described a bright future, but one that needs work to be achieved, for those attending the 2006 conference of the Association of Lloyd’s Members (ALM) last week. He stressed three major areas of concentration, where …
Roger Ferguson, former Vice Chairman of the US Federal Reserve Board, will join Swiss Re as Chairman of Swiss Re America Holding Corporation and a member of the reinsuer’s Executive Board He succeeds Jacques Dubois who will retire by the …
Minneapolis, Minn.-based ING has named Susan Anderson president and CEO of ING Trust USA. In her new capacity, Anderson will lead the growth and development of personal trust and directed institutional trusts nationally. ING Trust USA works in conjunction with …
The Marsh & McLennan Companies, Inc. (MMC) announced that David Spiller, the current President of Guy Carpenter & Company, Inc., MMC’s global risk and reinsurance specialty business, has been appointed as the division’s new CEO, effective July 1. Spiller, 50, …
Standard & Poor’s Ratings Services has revised its outlook on Polish non-life insurer Powszechny Zaklad Ubezpieczen S.A. (PZU S.A.) and life insurer Powszechny Zaklad Ubezpieczen na Zycie S.A. (PZU Zycie), core entities of the composite insurance group PZU, to negative …
Former Tyco CEO L. Dennis Kozlowski is asking a court to force a Bermuda insurance broker to hand over documents related to whether an insurer must pay his legal bills of almost $17.8 million (euro14 million). In papers filed in …
