Insurance CEOs News

JLT Warns on Profits; CEO McGill Resigns

London-based broker, Jardine Lloyd Thompson Group plc, announced that it expects pre-tax profits and “exceptional items” for 2004 to be around £92 million ($175 million); or £100 million ($189.5 million) before tax, exceptional items and goodwill amortization. Analysts had been …

Ohio Agents Nab Senate Insurance Chairman as Executive Vice President

Ohio Senate Insurance Committee Chair Scott R. Nein, a Republican, has joined the Ohio Association of Insurance Agents as executive vice president, the group announced recently. The group, affiliated with the national Independent Insurance Agents and Brokers of America, said …

Huffert Elected Chairman of AIMU

Robert V. Huffert, senior vice president and manager of the ocean marine department, and a vice president of American Re-Insurance Company, was elected chairman of the American Institute of Marine Underwriters (AIMU) at its annual meeting. He succeeds David S. …

MarketScout to Host CEO Round Table at All Industry Day on Nov. 23

In support of the annual All Industry Day sponsored by the Independent Insurance Agents of Dallas (IIAD), MarketScout announced it is hosting a roundtable discussion during the event with four top-level property and casualty industry executives and one U.S. Congressman. …

Converium Appoints Run-off Specialist Dassenko as North American CEO

Swiss-based Converium has announced the appointment of Paul E. Dassenko as President and CEO of Converium Reinsurance (North America) Inc. effective November 16, 2004. He succeeds Corcoran Byrne who continues in his role as General Counsel after serving as the …

NAAIA Names Branch Its New Chairman

The Washington, D.C.-based National African-American Insurance Association recently named Aubrey Branch, CEO of Branch, Olson & Hernandez agency in Las Vegas, as chairman. Branch is the former vice chair of NAAIA. He has more than 16 years of insurance experience, …

Maclean Oddy Chairman, CEO to Resign

Maclean Oddy & Associates Inc., headquartered in Dallas, announced that chairman and chief executive officer Roy B. Oddy plans to resign from these positions effective Dec. 31, 2004. Oddy, one of the company’s founders has been president and CEO since …

Pierce Elected PCI Chairman; Whitburn, Tierney Appointed to Vice Chair Positions

Harvey R. Pierce, chairman and chief executive officer of the American Family Insurance Group was elected chairman of the Property Casualty Insurers Association of America (PCI) at its annual meeting today. Pierce began his career with American Family in 1963 …

Marsh Directors Reportedly in Negotiations with N.Y. AG; CEO Greenberg Said Pressured to Resign

Outside directors of Marsh & McLennan Cos. have sought to negotiate with New York Attorney General Eliot Spitzer in the insurance bid rigging case, a source familiar with the overture said Friday. The source spoke to The Associated Press on …

Suquet Elected President, CEO of Pan-American Life

The Board of Directors of New Orleans-based Pan-American Life Insurance Company announced the election of José S. Suquet as president, chief executive officer and member of the Board of Directors. John J. Kelly, chairman of the Board, has served as …