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 …
Zurich Financial Services’ Board of Directors has extended the contact of the group’s CEO James J. Schiro to December 2009. “We are pleased that James Schiro has agreed to extend his tenure,” said Manfred Gentz, Zurich’s Chairman of Board. “Now …
Louisiana Workers’ Compensation Corporation (LWCC), announced that Kristin Wall, president and chief operating officer, was named by the company’s Board of Directors to replace Steve Cavanaugh as Chief Executive Officer. Cavanaugh tendered his resignation at the March 16 Board meeting. …
Bermuda-based United America Indemnity Ltd. has appointed Robert Cohen as president and chief executive officer of its subsidiary, Penn Independent Corporation. Cohen has been acting president and CEO since November 2005. From 1992, he was a senior vice president for …
The U.K.’s Catlin Group reported from its Bermuda operations center that Richard Banas has been appointed as president and CEO of Catlin Inc., the Group’s new U.S. subsidiary. “Rich Banas will be responsible for the operations of Catlin Insurance Company …
Union Bank of California North America, based in San Francisco, has named Michael A. Janes CEO of its insurance subsidiary, UnionBanc Insurance Services Inc. Janes joins the agency from Hilb, Rogal & Hobbs Co. where he was regional director of …
Lloyd’s has selected Richard Ward, former head of the London-based International Petroleum Exchange (IPE) as its new CEO. Announcing the appointment, Lloyd’s Chairman Lord Peter Levene commented: “I am delighted that Richard has agreed to join Lloyd’s at such a …
American International Group Inc. (AIG) reported that Olin Wethington, former special envoy on China, U.S. Department of the Treasury, has joined AIG as chairman of AIG Companies in China, a new position. In this capacity, Wethington will oversee expansion of …
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 …
Liberty Mutual Group reported net income of $253 million and $1.027 billion for the three and 12 months ended Dec. 31, 2005, respectively, representing decreases of $312 million and $218 million from the same periods in 2004. Results in the …
