Boardroom Agenda
Activist Fund Fails to Boot Kessler As SCOR CEO; Shareholders Reject Ouster Proposal
Reinsurer SCOR's shareholders on Friday blocked an attempt by an activist fund to oust the company's CEO, in a sign that activist investors are increasing pressure on French blue chips. Nearly three ...
Allianz Reportedly Considering Bid for Deutsche Bank’s Asset Management Business
Allianz and Amundi are both considering deals to take over Deutsche Bank's asset management unit DWS, sources close to the matter said on Wednesday. Germany's biggest bank is looking at a possible ...
Executives On The Move at Sompo International and Liberty Mutual
Sompo International Holdings Ltd. promoted two executives. Liberty Mutual named a financial industry executive to its board of directors.***
Sompo International ...
Executives On The Move at AXIS Re and PartnerRe
The leader of a major AXIS Re division is retiring, and someone is being promoted from within to replace him. PartnerRe hired an outside executive to help run its Americas division.***
AmTrust to Sell Surety, Credit Reinsurance Biz to Liberty Mutual
Liberty Mutual Insurance said it has agreed to acquire the global surety and credit reinsurance operations of property/casualty insurer AmTrust Financial Services. Financial terms were not disclosed. ...
Veteran Nationwide CEO Rasmussen Plans to Retire; Succession Search Is Underway
Long-time Nationwide Chief Executive Officer Steve Rasmussen plans to retire later in 2019, the company disclosed. Rasmussen's last official day as CEO will be Oct. 1, 2019, capping more than 10 ...
Executives On The Move at Everest Insurance and AmeriTrust Group
Everest Insurance named a new chief commercial officer. AmeriTrust Group Inc. has a new chief of staff, after promoting from within.
UK Specialty MGA Nexus Buys an MGA and a Broker
UK specialty managing general agent Nexus Group lived up to its description as an "acquisitive insurance intermediary holding company," with the purchase this week of an MGA and an insurance broker. ...
American Family Insurance Will Pay $1 Billion for Ameriprise Auto & Home
Ameriprise Financial is selling its Ameriprise Auto & Home (AAH) division to a subsidiary of Madison, Wisconsin-based American Family Insurance Mutual Holding Co. (American Family Insurance), the ...