CEO / Chief Executive
AIG CEO Hancock Streamlines Executive Team; Four to Depart
AIG CEO Peter Hancock revamped a committee of senior executives he initially formed more than a year ago in a bid to further boost efficiency and growth. The move will lead to the departure of four ...
U.S. D&O Coverage Declines by Double Digits in Q3
Pricing is plunging for U.S. based directors & officers liability insurance. Aon Risk Solutions' latest quarterly pricing index noted a double-digit decline. Fitch Ratings said that D&O ...
Executives On The Move at Chubb, ACE and Everest Re
Chubb appointed a temporary chief operating officer. It's future, $28 billion merger partner ACE Ltd announced much of the combined companies' Canadian leadership team. Everest Re extended the ...
A.M. Best Acts on BTG Pactual Resseguradora S.A. Ratings
A.M. Best has downgraded the issuer credit rating to "bbb" from "bbb+" and affirmed the financial strength rating of B++ (Good) of BTG Pactual Resseguradora S.A. (BTG Pactual Re) (Brazil). Both ...
Zurich Insurance Hikes Job Eliminations and Relocations to at Least 1,800 Slots
Zurich Insurance Group AG, Switzerland's biggest insurer, is increasing job cuts and relocations to a total of at least 1,800 at the company reduces costs and overhauls its biggest unit. The company ...
Corporate Holiday Giving: Real Commitment or Window Dressing?
When chief executives of property/casualty insurance carriers wholeheartedly commit to corporate giving programs, the benefits can extend beyond helping worthy nonprofit organizations, a public ...
XL Strikes Deal With RGA Ceding Most Remaining Life Re Biz
XL Group plc and Reinsurance Group of America, Incorporated separately announced a reinsurance deal in which XL's subsidiary, XL Life Ltd. will ceded a block of U.S. term life reinsurance treaties to ...
Icahn Unlikely to Oust Hancock From AIG: Analyst
Billionaire activist investor Carl Icahn, whose call to break American International Group Inc. was rebuffed by the insurer, will probably be unable to force out Chief Executive Officer Peter ...