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Allianz’s Pimco Plans For More Democratic Future

When Bill Gross eventually retires as chief investment officer of California-based asset manager Pimco, his "Bond King" crown will go with him. Allianz, the German insurer which owns Pimco, wants to ...
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Allstate Makes Two Changes on its Board

Allstate Corp. has made two noteworthy changes to its board of directors. The company, which is the largest publicly-held U.S. home and auto insurer, named 71-year-old F. Duane Ackerman as its lead ...
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Arch Capital Group Appoints Two New Board Members

Arch Capital Group Ltd. announced Monday that it has appointed Louis J. Paglia and Eugene S. Sunshine to the board of directors. Paglia in 2010 founded Customer Choice LLC, a data analytics company ...
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Andrew Carrier Jumps from Argo to Everest Re

Bermuda holding company Everest Re Group Ltd. is bringing on Andrew Carrier as the new president of Everest Advisors, U.K. and general manager of European Operations. Carrier was most recently chief ...
Hancock speaking at the Property/Casualty Joint Insurance Industry Forum in January. 
(Photo: Don Pollard)

AIG’s Hancock to Get $11.8M Pay Package as CEO

American International Group Inc.’s Peter Hancock will get a compensation package of $11.8 million a year as the insurer’s new chief executive officer. The short-term incentive will be $3.2 ...
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Arch Shakes Up Exec Roster to Back Expansion Plans

Arch Capital Group Ltd. has taken steps over the last year to grow its mortgage insurance and reinsurance business, and has shaken up its executive roster in order to accommodate the expansion. Among ...
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Board Planning: When the CEO Has Cancer

When Goldman Sachs' then-senior partner, Gus Levy, suffered a stroke in the middle of a client meeting in 1976 and died shortly after, the bank's management didn't know who would lead the firm. No ...