Jeffrey Greenberg, former Marsh & McLennan chief executive officer, is raising funds for a private equity fund that will invest in insurance and other financial services companies, the Wall Street Journal has reported. The fund, named Acquline, could be up …
Berkshire Hathaway Inc. announced on Friday that Ronald E. Ferguson, the former chief executive officer of General Re Corporation, received a “Wells notice” from the staff of the Securities and Exchange Commission (the “Commission”) in connection with its ongoing investigation …
Joe Plumeri, Willis Group chairman and CEO, as the guest speaker at this year’s PricewaterhouseCoopers Breakfast Briefing at the Reinsurance Rendezvous in Monte Carlo, called on the industry to recognize the confluence of events impacting our industry as “our defining …
Berkshire Hathaway Inc.’s Warren Buffett, whose $100,000 base salary long ago became uncompetitive with his peers, ranked as the most undercompensated executive in the industry, according to a new study of 2004 executive pay released by SNL Financial’s insurance research …
The Board of Directors of The St. Paul Travelers Companies, Inc. has unanimously elected President and Chief Executive Officer Jay S. Fishman to the additional post of chairman, effective immediately. Robert I. Lipp, who had held that position since the …
The insurance industry is hoping that a federal case will be made out of disaster preparedness and response following the devastation of Hurricane Katrina. As their claims adjusters and agents scurried to handle the record number of claims along the …
Berkshire Hathaway Inc. announced that the Securities and Exchange Commission may file a civil fraud complaint against the chief executive, Joseph Brandon, of its General Re Corp. unit over a questionable insurance transaction. Warren Buffett’s Berkshire Hathaway said Brandon received …
Michael Cherkasky, president and chief executive officer of Marsh & McLennan Companies Inc. (MMC), announced that Brian Storms has been named chairman and chief executive officer of Marsh Inc., its risk and insurance services subsidiary, and that E. Michael Caulfield …
James J. Maguire, Jr., chief executive officer of Philadelphia Insurance Companies, and several other triathletes from the company will compete in the Panama City Beach, Florida Ironman, (2.4 mile swim, 112 mile bike, and a 26.2 mile run) on November …
Federal prosecutors are investigating the conduct that led to the firing of former MassMutual Insurance Comany chief executive Robert J. O’Connell, the company disclosed in court documents. The company acknowledged the federal probe as part of a complaint, filed in …
