Boardroom Agenda
Zurich North America CEO Will Depart; Savio to Replace Him on Jan. 1
Zurich North America CEO Mike Foley plans to leave his position at the end of 2017 after more than a decade with the Swiss insurance giant. His successor has already been chosen: Kathleen Savio. ...
Commercial Lines P/C Portal Bold Penguin Hires Ex-Ohio Deputy Treasurer as CFO
Bold Penguin, an InsurTech portal for commercial lines property/casualty agents, named a former State of Ohio deputy treasurer as its new chief financial officer. Seth Metcalf will be tasked with ...
Brexit Drives XL Group to Shift EU HQ to Ireland
XL Group is the latest property/casualty insurer to make plans to move its European insurance company headquarters from the United Kingdom in response to its vote to leave the European Union. The ...
Executives On The Move at Liberty Mutual and Allstate
Liberty Mutual And Allstate elected new executives to their boards of directors. In both situations, they bring management expertise from other industries. *** A Coca-Cola executive has been elected ...
Insurance Holding Company Alleghany Is Selling PacificComp to CopperPoint Mutual for $150M
Alleghany Corp. will sell off workers compensation carrier Pacific Compensation Insurance Company (PacificComp) to a rival for $150 million in cash. Arizona-based CopperPoint Mutual Insurance Company ...
QBE Group CEO Neal Is Stepping Down; Regan to Succeed Him
QBE Insurance Group today announced that John Neal, Group chief executive officer, will be stepping down after five years in the role. The board of directors has appointed Patrick Regan, chief ...
Hamilton Insurance Targets Q4 for New CEO Announcement
Hamilton Insurance Group expects to announce new chief executive officer toward the end of 2017, Carrier Management has learned. Previous Chairman and CEO Brian Duperreault stepped down from Hamilton ...
AmTrust Seals Quota Share Reinsurance Deal to Reduce Hurricane, Tropical Storm Exposures
AmTrust Financial Services signed a new quota share reinsurance contract intended to reduce hurricane and tropical storm exposure for its Republic Companies business. The contract, effective Aug. 1, ...