CEO / Chief Executive
RSA Insurance Ireland CEO Lee Resigns After Another Lower Profit Warning
RSA Insurance Group Plc Chief Executive Officer Simon Lee quit after warning for the third time in six weeks that profit will be lower as the insurer injected more capital into Ireland amid an ...
AmTrust Never Stronger, CEO Says
AmTrust Financial Services, Inc. announced Thursday that the fundamental outlook for the company remains positive, responding to negative comments in a report on a research website. The report is ...
Insurers Spark Business Boom for Third-Party Asset Managers
Franklin Resources Inc., the money manager that features Benjamin Franklin in its logo, is building the team managing insurers' funds as retail clients retreat from bonds at a record pace. Mark ...
Pension Funds Betting on Catastrophe Bonds; Demand Outpacing Supply
Funds specializing in insurance- linked risks such as catastrophe bonds are benefiting as the $30 trillion pension industry increases bets in a market that hasn't posted an annual loss. At Leadenhall ...Cultural Change Emerging at QBE NA, Duclos Says
During a Monday conference call on which QBE executives described details of an expected bottom-line loss of $250 million for 2013, the CEO of the North American operations said cultural changes are ...
Richard Ward to Chair Brit Insurance Holdings
Brit Insurance Holdings BV announced the appointment of Dr. Richard Ward as Chairman of the Company and of Brit Syndicates Limited. Subject to regulatory approval, Ward will assume the position on ...
Duperreault Partnering with Hedge Fund to Buy Cohen’s S.A.C. Re, Ltd
Steven A. Cohen, the billionaire founder of SAC Capital Advisors LP, agreed to sell a reinsurer he formed in 2012 after the hedge fund firm reached a $1.8 billion deal to end a criminal ...