Boardroom Agenda
MEMIC Names Bourque, Its Longtime Communications Exec, as New CEO
The MEMIC Group named a longtime communications executive at the workers compensation specialty insurer as its new president and CEO. Michael Bourque will replace John Leonard as MEMIC's leader after ...
Warren Buffett’s Berkshire Hathaway Sells Fox Shares, Boosts American Airlines Stake
Warren Buffett's Berkshire Hathaway Inc on Monday said it added to its sizable investments in American Airlines Group Inc and Southwest Airlines Co, and shed its stake in Twenty-First Century Fox ...
More Unethical CEOs Getting Fired for Lying, Cheating: Research
The number of chief executive officers fired for ethical lapses more than doubled in the U.S. and Canada in the past five years—a sign, researchers say, that corporate directors are increasingly ...
For AIG, Recruiting Duperreault as CEO Was an Expensive Proposition
American International Group's decision to recruit Hamilton Insurance Group CEO Brian Duperreault as its next leader won't come cheap. To begin with, AIG will pay Hamilton $20 million to release ...
AIG Makes It Official: Duperreault Is New CEO; David Brown Is Interim Hamilton CEO
Brian Duperreault is the new president and chief executive officer of American International Group, the company announced this morning, confirming rumors of the pending appointment that had emerged ...
Many European, Asian Firms Lack Cyber Insurance for Ransomware Attack
Many companies outside the United States may not have cover for a recent computer-system attack, leaving them potentially with millions of dollars of losses because there has been relatively little ...
French Insurer AXA Moves to Cut Stake in AllianceBernstein With U.S. IPO
A week after Axa SA ousted Peter Kraus from its AllianceBernstein Holding LP unit, the French insurer is taking steps to reduce its financial investment in the money manager to raise cash for deals. ...
AIA CEO Leigh Ann Pusey to Depart for Leadership Role at Eli Lilly
Leigh Ann Pusey, longtime leader of the American Insurance Association, plans to depart in June for an executive role with the pharmaceutical giant Eli Lilly and Co. Pusey has led the AIA since 2009, ...