Insurance CEOs News

RI3K CEO Warns Against Confusing “Commercial and Operational” Issues at Market Reform Conference

If Alex Letts, the CEO of London’s RI3K, a leading provider of technology infrastructure for the reinsurance industry, didn’t already exist, someone would have to invent him. Letts, whose background is in marketing, not insurance, proved once again that he …

OneBeacon Taps Miller to Replace Cavoores as CEO, President

OneBeacon Insurance Group, a wholly owned subsidiary of White Mountains Insurance Group, Ltd., today announced that Mike Miller, its current chief operating officer, has been appointed president and chief executive officer. Miller replaces John Cavoores, who is leaving the company …

Marsh Names Sinnott Vice Chairman

Marsh & McLennan Companies Inc. (MMC) announced that John Sinnott has been named a vice chairman of MMC, Office of the CEO, effective July 1, 2005. He joins MMC International chairman Mathis Cabiallavetta as a vice chairman of MMC. Sinnott …

MassMutual Alleges ‘Willful Abuse of Authority’ in Firing CEO O’Connell

The board of directors of the Massachusetts Mutual Life Insurance Company in Springfield, Mass. today announced that it terminated for cause Robert J. O’Connell’s employment as the company’s chairman, president, and chief executive officer, effective immediately. On June 2, 2005, …

MassMutual Reviews Direction as Ouster of Previous CEO Draws Scrutiny

MassMutual Financial Group said it is forming an “Office of the CEO” to bring together executives who will review the insurance firm’s direction and operations. The announcement came two weeks after Robert O’Connell, MassMutual’s chief executive, president and chairman, was …

MassMutual Abruptly Fires CEO; Reese, Birle Take Over

MassMutual Financial Group in Springfield, Mass. has given Robert J. O’Connell notice of termination as chairman and chief executive officer “due to certain issues, subject to his rights under his employment contract. Those issues do not affect the company’s financial …

The Hartford’s CEO Highlights Record Performance, Future Positioning

The Hartford Financial Services Group Inc., approaching its 200th birthday, is a strong company poised to grow even stronger, with 2004 marking record performance across the enterprise, Chairman and Chief Executive Officer Ramani Ayer told shareholders at the company’s annual …

Lloyd’s Chairman Highlights Three Important Hurricane Lessons

Three important lessons from the 2004 hurricane season were highlighted to more than 100 insurance professionals Wednesday in Miami by Lloyd’s Chairman Lord Levene, in advance of what is predicted to be another tough season in 2005. Levine said that …

Page Named New Optimum General President, CEO

Canadian P/C insurer Optimum General Inc. has named Jean-Claude Page as its new president and CEO, following the retirement of David B. Liddle. The change was effective April 29, and was announced at the company’s annual general meeting of shareholders. …

Lloyd’s Chairman to Address AAMGA, Discuss Challenges Facing the U.S. Market

Lloyd’s view of challenges facing the U.S. insurance market will be discussed by Lord Levene of Portsoken KBE and chairman of Lloyd’s of London in the keynote speech during the May 3 American Association of Managing General Agents annual business …