The chief executive of Rhode Island’s largest workers compensation carrier, Beacon Mutual Insurance Co., figures he could be looking for a new job as early as June if Governor Donald Carcieri gets his way. CEO Joseph Solomon expects that if …
Aon appointed Kathy Burns as chief executive officer, Aon Risk Services Americas (ARS-A) eSolutions Group. With this appointment, Burns returns to Aon where she served from 1987 to 2002, after having spent the past three and a half years at …
Palisades Safety and Insurance Management Corporation, a New Jersey private passenger automobile insurer, announced that Ed Fernandez has assumed the role of president and CEO, effective immediately. Fernandez succeeds Gerry Wilson, who will continue to serve the company as co-chairman …
A bulletin from AXA’s Paris headquarters notes that the Boards of AXA Japan Holding and AXA Life Japan “met on March 14, 2006 to take important organizational decisions following AXA decision to have Philippe Donnet play a larger role within …
Declaring the Terrorism Risk Insurance Act (TRIA) “an essential policyholder protection,” Edmund F. (Ted) Kelly, Liberty Mutual Group chairman, president and CEO, this week urged the National Association of Insurance Commissioners and the President’s Working Group on Financial Markets to …
Charles R. Schwab, chairman and chief executive officer of brokerage firm The Charles Schwab Corp, is protected by the company — literally. The San Francisco-based company has spent $2.68 million since 2003 for security systems and equipment to protect Schwab, …
A Portland, Maine jury this week awarded $7.4 million in damages to a former Fairchild Semiconductor executive who blamed the former Fleet Bank’s Private Client Group for causing the loss of his fortune once valued at $27 million in stock …
Hilb Rogal & Hobbs has appointed John Lyon as president and chief executive officer of its Connecticut branches, which include locations in Hartford, Hamden and Old Saybrook, Connecticut. Formerly vice president, Northeast Region practice leader and national practice team member, …
Speaking at the World Insurance Forum in Bermuda, Hemant Shah, Risk Management Solutions CEO, warned that insurers should be preparing to increase their reserves for catastrophe losses, not only due to the unprecedented 2005 hurricane season, but also to prepare …
Massachusetts State Sen. Andrea F. Nuciforo Jr. has announced that he will not seek re-election in November and will instead run for registrar of the Middle Berkshire Registry of Deeds. Nuciforo, D-Pittsfield, told the Berkshire Eagle on Friday that he …
