CEO / Chief Executive
Swiss Voters Reject Strictest Executive Pay Limits in Ballot
Swiss voters rejected a proposal to limit executives' pay to 12 times that of junior employees yesterday, a measure that would have gone further than any other developed nation. The measure was ...
Progressive Insurance Chairman, Former CEO, Philanthropist Lewis Dies
Progressive Corp. Chairman Peter B. Lewis, the billionaire who turned a company founded by his father into one of the largest U.S. auto insurers, has died. He was 80. Lewis died Saturday at his home ...
Producer compensation programs send clear messages about what a carrier values. Commission rates, incentive structures, bonuses, and performance thresholds direct...
Harleysville President Browne to Retire in May; Toth to Succeed As Senior Executive
Nationwide Mutual Insurance Co. announced that Michael Browne, president and chief operating officer of the Harleysville Insurance, a member of the Nationwide family of companies, will retire ...
Tower Group Reports $500M Loss for Second-Quarter 2013, Job Cuts
On Friday, Tower announced a second-quarter loss of more than $0.5 billion, with previously disclosed reserve and goodwill charges contributing to the result. The company also said it is cutting ...
Google’s Schmidt: Insurance About to ‘Explode’ With Uses for Big Data
Google Inc. Executive Chairman Eric Schmidt said new technologies that help companies analyze vast amounts of digital information have the power to bring change to the insurance, health-care and ...
Hartford’s McGee Shares Lessons from Clash with Activist Investor Paulson
Liam McGee, who led a rebound at Hartford Financial Services Group Inc. after shunning John Paulson's call to split the insurer, said executives shouldn't be defensive when handling activist ...
German Finance Minister Vows to Help Insurers Burdened by Low Interest Rates
German Finance Minister Wolfgang Schaeuble issued an unusual warning to the European Central Bank on Thursday, saying rate decisions must not offer "false stimulus" and that monetary policy alone ...
JPMorgan’s $13 Billion Deal: A Shield Against Lawsuits?
JPMorgan Chase & Co.'s record $13 billion deal to end probes into mortgage-bond sales may save the bank billions more because of what the agreement lacked: an explicit admission of wrongdoing. ...