CEO / Chief Executive
9 Global Insurers to Face Higher Capital Standards, Tougher Supervision
Top insurers will have to hold more capital from 2019 to cover risks they pose to the financial system should they go bust, global regulators said on Thursday. Regulators also released an initial ...
SEC Bans Gupta From Director, Officer Roles; Imposes $13.9M Fine
Former Goldman Sachs Group Inc. director Rajat Gupta was ordered to pay a $13.9 million civil penalty and banned from serving as an officer or director of a public company for having illegally passed ...
Allstate Selling Lincoln Benefit Life to London Group for $600M
Clive Cowdery, who earned a fortune cutting deals that consolidated the U.K. life insurance industry, is making a foray into the U.S. by buying a business from Allstate Corp. for $600 million (394 ...
Conn. Says Insurers Must Complete Climate Risk Survey
Connecticut Insurance Commissioner Thomas Leonardi has decided that about 110 Connecticut-based insurance companies will be required to complete a survey describing what they are doing to address ...
Ward’s Top 50 Nearly 10 CR Points Better Than Industry; Four Newcomers
For more than two decades, the names GEICO, RLI Insurance Company and USAA Group have appeared on an annual list of 50 top property/casualty insurance performers, and four new names joined the ranks ...Galvin Named President of Berkley’s Midwest Employers Casualty
W. R. Berkley Corp. said it has named Timothy F. Galvin as president of its subsidiary, Midwest Employers Casualty Co. (MECC). The appointment is effective immediately. Galvin succeeds Melodee J. ...
Greenberg Presses for Bernanke Testimony in Lawsuit Over AIG Bailout
U.S. Federal Reserve Chairman Ben Bernanke should be required to testify in Maurice "Hank" Greenberg's lawsuit over the bailout of American International Group Inc., Greenberg's lawyers said. ...
Court Says Insurers Can Probe Whether Rogue MF Global Trader Was Employee
An American International Group Inc. unit and other insurers can probe whether a "rogue trader" was an employee of MF Global Holdings Inc. as part of a lawsuit over liabilities for losses tied to the ...