Insurance CEOs News

Munich Re CEO to Step Down at Year End

Munich Re announced that CEO Dr. Hans-Jürgen Schinzler, 62, who’s headed the world’s largest reinsurer’s Board of Management for almost 11 years, will resign his position, effective December 31. Schinzler is leaving “of his own accord” said the announcement, which …

Swiss Re CEO Says Reinsurance Prospects Favorable

Swiss Re’s CEO said recently that with combined ratios steadily improving and growth opportunities continuing to emerge, prospects look positive for the Property/ Casualty reinsurance market. John Coomber joined other Swiss Re executives to discuss the state of the reinsurance …

Aon CEO Ryan Didn’t Get a Bonus in 2002

Aon Corp. Chairman and CEO Patrick G. Ryan received no bonus or salary increase in 2002, according to the company’s proxy statement filed with the Securities and Exchange Commission. Mr. Ryan, who earned $1.1 million in salary, was last awarded …

Lloyd’s Chairman Calls for Equal Treatment Under U.S. Insurance Law

The current U.S. regulation system must change to accept Lloyd’s as a loyal partner rather than reinsurance aliens, the Chairman of Lloyd’s of London told journalists in Washington, D.C. recently. Speaking to the National Press Club, Lord Levene outlined the …

Swiss Re CEO Says Reinsurance Prospects Favorable Despite Current Capital Market Weakness

Swiss Re’s CEO said Wednesday that with combined ratios steadily improving and growth opportunities continuing to emerge, prospects look positive for the property & casualty reinsurance market. John Coomber joined other Swiss Re executives to discuss the state of the …

Lloyd’s Chairman Blasts U.S. “Litigious Culture”

“The U.S. litigation system, if left unchecked, will destroy the American spirit of enterprise and drain the U.S. economy,” was the stark message given by Lloyd’s Chairman Lord Peter Levene in a speech Tuesday to the Chicago business community held …

Maranghi to Quit Post as Mediobanca CEO

Vincenzo Maranghi, the CEO of Italy’s powerful Mediobanca investment banking group, will leave his post after 15 years on April 14. Founded by legendary financier Enrico Cuccia, Mediobanca played a key role in restoring Italian industry after World War II, …

Philadelphia Insurance Co. CEO Jamie Maguire to Participate in Ironman CEO Challenge

James J. Maguire, Jr., (“Jamie”) President & CEO of Philadelphia Insurance Companies, will participate in the 2003 Lake Placid CEO Ironman Challenge on July 27, 2003 said a company announcement. It described the CEO Ironman Challenge as a division “within …

Cunningham Lindsey U.S. Appoints Eisenmann Chairman & CEO

Lindsey Morden Group Inc. announced that Stephen A. Eisenmann joined Cunningham Lindsey U.S. Inc. as chairman and chief executive officer. Cunningham Lindsey U.S. specializes in independent insurance claims adjusting, appraisal and loss management services. Working out of the company’s Dallas …

Andrew Rogal to Retire as Chairman and CEO of Hilb, Rogal and Hamilton; Martin L. Vaughan III to Succeed Him

Virginia-based Hilb, Rogal and Hamilton Company (HRH), the world’s tenth largest insurance intermediary, announced that Andrew L. Rogal will retire following the company’s annual meeting of shareholders on May 6th for personal reasons, and that the board of directors has …