Insurance CEOs News

Former Credit Lyonnais Chairman Offers Guilty Plea

A former chairman and chief executive officer of Credit Lyonnais pleaded guilty Thursday afternoon to two felony charges of causing Credit Lyonnais to make false statements to the Federal Reserve Bank. Jean Peyrelevade, 66, of Paris, appeared Jan. 19 in …

Commerce Group CEO Remillard to Retire in July; Fels Will Succeed Him

Arthur J. Remillard, Jr., the founder and chief executive officer of The Commerce Group, Inc., announced his intention to retire at the end of July of this year, culminating a 40 year career in the property and casualty insurance industry. …

China Insurance Int’l. CEO Resigns, Succeeded by Deputy

A report from Dow Jones newswires in Hong Kong notes that Miao Jianmin, vice chairman and CEO of China Insurance International Holdings Co., the holding company for the Tai Ping insurance businesses in China, has resigned. The company’s board has …

CEO of La.’s ‘Last Resort’ Insurer not Happy About Growth

Growth is good for most businesses but the chief executive officer for Louisiana Citizens Property Insurance Corporation is sorry to predicting a 40 percent to 50 percent growth rate in the coming one to two years for his company’s business. …

Days of ‘arrogance’ over, claims UnumProvident CEO

Problems including lawsuits, stock losses and negative publicity have created a humbler UnumProvident Corp. that is emerging from its financial troubles as a stronger company, the company’s chief executive says. The nation’s largest disability insurance company has been cleansed of …

Days of ‘arrogance’ over, claims UnumProvident CEO

Problems including lawsuits, stock losses and negative publicity have created a humbler UnumProvident Corp. that is emerging from its financial troubles as a stronger company, the company’s chief executive says. The nation’s largest disability insurance company has been cleansed of …

Texas Farm Bureau VP Elected Chairman of ICT

The Insurance Council of Texas has elected James Langford, chairman of the board of directors beginning Jan. 1, 2006. Langford is the assistant vice president of compliance, regulatory and governmental affairs and training at the Texas Farm Bureau Insurance Companies …

IPC Holdings Notes Retirement of Chairman, Other Board Changes

Bermuda-based IPC Holdings Ltd. reported the retirement of the Chairman of the Board of Directors, Joseph Johnson, effective Dec. 31, 2005. Johnson will also be retiring from the Board of Directors of IPCRe Limited effective Dec. 31, 2005. At a …

Converium Names Beale as CEO

The Board of Directors of Converium Holding Ltd. has appointed Inga Kristine Beale (42) as the new chief executive officer of Converium. A British citizen, she is currently CEO and chairman of the board of management of GE Frankona Ruckversicherungs-AG, …

Rosput Reynolds Named Safeco President; Brown Elected Non-Executive Chairman of the Board

Safeco announced that Paula Rosput Reynolds has been named the company’s new president and chief executive officer effective Jan. 1, 2006. Reynolds also was appointed to Safeco’s board of directors. Reynolds, 49, currently is chairman, president and CEO of AGL …