MetLife Inc. said that its board unanimously chose C. Robert Henrikson to succeed Chairman and Chief Executive Robert H. Benmosche, who will retire next spring. Henrikson, 57, was appointed president and chief operating officer in June. The 33-year MetLife veteran …
Joe Plumeri, chairman and chief executive officer of Willis Group, the global insurance broker, will deliver the keynote address at the 2005 Risk and Insurance Management Society annual conference today in Philadelphia. Citing the months of investigations and questions over …
The insurance industry should abolish all contingent commissions, whether for the global insurance broker or Main Street independent agent, the chief executive officer of one of the world’s largest brokers told insurance buyers Monday. Speaking in Philadelphia at the annual …
Three days before he resigned as head of American International Group Inc., Maurice ‘”Hank” Greenberg gave his wife 41.4 million of his shares in the insurance company, according to a regulatory filing. The disclosure came on Tuesday, the same day …
Lloyd’s CEO Nick Prettejohn, speaking at the FSA insurance conference on Thursday, April, 7, outlined six “strategic challenges” facing the general insurance industry, which he also indicated was by no means a “comprehensive list.” Prettejohn listed them as follows: One …
Mario Greco announced his resignation as Chairman of the Board of Management of Italian insurer Riunione Adriatica di Sicurtà S.p.A. (RAS). The company’s majority shareholder is Germany’s Allianz AG, which holds a 55.5 percent stake. An announcement on the Allianz …
Standard & Poor’s Ratings Services announced that it has lowered its counterparty credit and financial strength ratings on Employers Reinsurance Corp. and affiliated insurance/reinsurance entities (collectively referred to as GE Insurance Solutions) to “A” from “A+” and removed them from …
The compensation committee of the board of directors of Chicago-based Aon Corp. as approved a grant of stock options and restricted stock units for its new president and CEO, Gregory C. Case. Case will receive: restricted stock units in the …
Aon Corporation announced the election of Gregory Case, 42, as president and chief executive officer, effective immediately. Case has also been elected to the Aon Board of Directors. Case succeeds Patrick Ryan, who has served as Aon’s CEO since the …
American International Group has reiterated its intention to cooperate with all investigations and acknowledged it had to stop efforts to remove documents from its Bermuda building, in a letter to shareholders. “AIG has worked diligently to protect and preserve relevant …
