Lake Forest, Ill.-based health/life insurer and benefits administrator Trustmark Cos. finalized a leadership transition announced last March by naming David M. McDonough to replace outgoing CEO J. Grover Thomas Jr. Thomas will continue to serve as board chairman. McDonough, 52, …
The Swiss-based reinsurer Converium announced that its Board of Directors has appointed Terry G. Clarke as Chief Executive Officer of the Group with immediate effect. He succeeds Dirk Lohmann, who weathered Converium’s “perfect storm” – increased reserves, ratings downgrades and …
The members of the Surplus Line Association of California unanimously elected Rupert Hall as their chairman during their recent SLA Annual meeting. Hall is the President and CEO of M.J. Hall & Company Inc., a surplus line brokerage headquartered in …
Philadelphia Consolidated Holding Corp. on Friday reported net income for the quarter ended Dec. 31, 2004 increased 58.0% to $32.4 million ($1.38 diluted and $1.45 basic earnings per share) from $20.5 million ($0.89 diluted and $0.93 basic earnings per share) …
Willis Re, the reinsurance unit of Willis Group Holdings, has announced the appointment of Peter C. Hearn to the position of CEO of Willis Re US. Hearn assumes the position previously held by George Reeth. Reeth has been named president …
Florida’s CFO Tom Gallagher has requested a freeze on all insurance rate increases for homeowners policies. According to a press release issued by the Department of Financial Services: “I learned today that Nationwide has submitted a rate request in excess …
Sweden’s Skandia Insurance Company Ltd. announced that it has reached a settlement agreement with its former Chairman, Lars Ramqvist, in a dispute over actions he and other board members took in 2000-01. Under the terms of the agreement, Ramqvist has …
There are a number of things about the insurance industry that drive Lord Levene crazy but nothing more than all the paper. “The paperwork is nuts,” the Lloyd’s of London chairman exclaims. He tells the story of a broker inputting …
There are a number of things about the insurance industry that drive Lord Levene crazy but nothing more than all the paper. “The paperwork is nuts,” the Lloyd’s of London chairman exclaims. He tells the story of a broker inputting …
Roland Milton “Milt” Trafton, former chief executive of Seattle-based Safeco Corp. and a leading local arts benefactor, mountain climber, Arabian horse enthusiast and corporate art collector, is dead at 85. Trafton, who assembled a nationally recognized art collection in 33 …
