succession planning News
Travelers CEO Schnitzer Adds ‘Chairman’ to His Title
The Travelers Companies' CEO Alan Schnitzer has added the title of "chairman" to his nameplate, ending a management structure put in place after the company's legendary leader, Jay Fishman, died of ...
Ron Lockton Is Lockton Inc.’s New President and CEO
Lockton Inc.'s president and CEO has resigned, and a scion of the broker's founding family has replaced him. Glenn Spencer left the privately held independent insurance broker for personal reasons, ...
State Auto Exec Jessica Clark Is GuideOne Insurance’s Next CEO
GuideOne Insurance is bringing on a longtime executive from State Auto Financial Corp. as its next leader. Jessica Clark will officially become chief executive officer of the Iowa-based insurer on ...
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, ...
AIG’s Investors Worry Over Succession Plan, Company’s Future
For nearly two months, American International Group Inc has planned to replace its chief executive but a successor has yet to be named, creating a void that has stoked investor concerns about the ...
AIG’s Turnaround Plan Is at Risk Due to Morale Crisis: UBS Analysis
A morale crisis at American International Group Inc could prevent the U.S. insurance company from keeping and hiring the talent it needs to propel it through its financial turnaround, UBS said in an ...
AIG Chairman Backs Departing CEO’s Strategy, Opposing Breakup
American International Group Inc.'s chairman reaffirmed support for the course charted by Peter Hancock, even after the CEO announced he was stepping down because of insufficient investor backing. ...
A Struggling AIG Might Need Substantial Pay for Its Next CEO
American International Group Inc.'s new chief executive officer can expect to deal with a volatile industry, pressure from ratings firms and a restless board. And if the past is any guide, the new ...