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September 2010
Standard Life will lay off 500 employees as part of its CEO, David Nish’s efforts to cut costs, Bloomberg reports.
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Presidential Life has appointed Duncan Szeto as the new chief actuary of its operating unit, Presidential Life Insurance.
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QBE has denied the truth of media reports and market speculation that the Australian insurer is looking to replace its CEO, Frank O’Halloran.
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August 2010
CNA has appointed Jerry Williams as assistant vice president of business development.
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Marsh, the global insurance broker and risk advisor, has appointed Jay Sharma as multinational client service director.
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Now firmly established in the Tokio Marine fold, Kiln is expanding in Asia and elsewhere, according to its CEO Charles Franks.
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Royal London group CEO, Mike Yardley, is planning to step down from his role at the British insurer.
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Ace Asia Pacific has made two senior appointments for its property/casualty business unit in the region.
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Hank Greenberg, former AIG CEO, has settled lawsuits alleging he deceived investors while managing the insurer, Bloomberg reports.
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Bermuda-based Axis Capital Holdings has announced that executive vice-president and chief financial officer David Greenfield will resign from his position, effective November 30 2010.
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Endurance Specialty Holdings has announced a new hire to lead the expansion of Endurance's global reinsurance portfolio in the Latin American market.
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CNA has appointed James Stegemiller as commercial underwriting officer for San Francisco.
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US insurer Eastern Insurance Holdings has unveiled its succession plan for the CEO role.
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Allianz Commercial has promoted Russell Warren to the division’s new SME underwriting manager.
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Allianz Life Insurance Company of North America has appointed Marty Vanderzanden as director of Special Investigations.
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Atradius has appointed Mark Palmer to head its London special products team, Creditman reports.
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PMA Capital has appointed John Cochrane as its senior vice president and CFO.
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The excess and surplus lines division of the international specialty insurer and reinsurer Argo Group International Holdings has appointed Michael Fleischer as E&S division chief underwriting officer.
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Brit Insurance, the international general insurance and reinsurance group, has promoted Ray Cox to chief executive officer of its UK strategic business unit.
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US insurer Hartford Financial Services Group has named Andy Napoli as president of consumer markets.
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Torus, the global specialty insurer, has appointed Michael Kim to the newly created role of global head of project management. Kim will also be a member of Torus’ executive management team.
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Swiss insurance group Zurich Financial Services Group has appointed Thomas Sepp to the position of chief claims officer, effective September 1 2010.
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Axis Global Accident & Health has appointed Giles Allen as senior vice-president, international accident and health insurance operations.
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Brit Insurance Holdings has nominated Scott Egan as the group’s CFO.
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Guy Carpenter & Company has added Erik Manning to the firm’s Global Specialties, which is comprised of marine, energy, aviation, retrocession and Bermuda business.
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US insurer Ace has announced that John Keogh, chairman, insurance – overseas general, has been named to the additional position of vice-chairman, Ace Limited and Ace Group Holdings.
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Chinese insurer CNinsure is reshuffling its senior management team to reassign resources for the creation of its four new profit centers.
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The Navigators Group has appointed Robert Mendelsohn to its board of directors.
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Willis Group Holdings, the global insurance broker, has appointed Alastair Burns as managing director of its Insurance Facilities Practice, part of Willis Global Placement division that co-ordinates worldwide insurance placement strategy for the benefit of Willis clients.
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Zurich’s UK General Insurance unit has named Peter Clark head of property and strategy exposure management for commercial lines, the Financial Times reports.
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Ace European Group, part of the global insurer and reinsurer Ace Group, has announced the appointment of Steve Dixon as regional managing director, Ace Middle East and North Africa (MENA).
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Ace Canada, the Canadian-based operating division of the Ace Group, has appointed Bruce Walker as chief financial officer.
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Hannover Re has appointed Dr Klaus Miller as a full member of the executive board with effect from 1 September 2010.
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Lockton has appointed Shelly Horwitz as an account executive in the retirement and financial services area, Lockton Investment Advisors and Lockton Financial Advisors.
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Mondial Assistance has appointed Beth Godlin as managing director of Mondial Assistance USA.
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The board of Bermudian reinsurance firm RenaissanceRe Holdings announced today a quarterly dividend of $0.25 a common share on its common stock.
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Chaucer Holdings has announced the appointment of Tim Carroll as a non-executive director of Chaucer Syndicates Limited, its managing agency and main operating company.
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New York Life Insurance has appointed John Kim as CIO in addition to his other duties.
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Australian insurance group QBE has been restructured into three main operating divisions – Europe, the Americas and Australia Asia Pacific.
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US insurer The Hanover Insurance Group today announced that Gerald Merritt has joined the company as president of its professional liability business.
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Aspen Insurance Holdings has appointed Timothy Ryan to lead a new excess casualty team, The Wall Street Journal reports.
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Axa is reshuffling its senior management team. Nicolas Moreau will be CEO of Axa France and Paul Evans will become CEO of Axa UK and will join the executive committee.
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Jens Reisch has been appointed as CEO of Allianz Malaysia and Allianz Life Insurance Malaysia. Reisch, who joined the firm in 1983, will start in his new role with immediate effect.
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Chartis has appointed Makoto Ozeki as COO and executive vice president of Chartis Far East Holdings.
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Torus has expanded its casualty platform with the appointment of David Whyman as senior vice-president, UK head of casualty, based in London.
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The Association of British Insurers (ABI) has appointed Alain Dromer as chairman of its investment committee. Dromer is CEO of Aviva Investors.
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Builders Insurance Group has appointed Owen Dwoskin as CFO. Dwoskin will be in charge of financial reporting and record-keeping, asset management, financial modelling and forecasting.
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Catlin Group has appointed Peter Schmidt as CEO of European Reinsurance and Catlin Re Switzerland, which subject to regulatory approval will begin writing specialty classes of reinsurance for European clients later this year.
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Aviva USA, part of Aviva, the world's fifth largest insurance group, has named Christopher Welp as executive vice-president of insurance operations for the Des Moines-based company.
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July 2010
Allianz Life Insurance of North America has appointed 11 regional vice-presidents for Allianz Life Financial Services.
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W R Berkley has appointed Douglas Powers as president and CEO for Carolina Casualty Insurance. He has replaced William Haines, effective immediately.
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The Council of Insurance Agents and Brokers has announced several staff appointments and the retirement of senior vice-president, Barbara Haugen.
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Guy Carpenter said Philippe Renault will join the firm as president and CEO of Guy Carpenter’s Paris operations, effective September 1.
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Torus has hired Esther Fittinghoff as professional lines manager and Kurt Fleischmann as senior casualty underwriter.
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Atradius has restructured its management board. Peter Ingenlath has been named chief market officer for the credit insurance business and for the outward re, Dutch state business, special products and global units.
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Don Magee, formerly the co-CEO of Global ReSpecialty and marine/energy with Graeme Moore, has been moved across to work with specialty reinsurance clients and different client relationships.
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Australian insurer QBE has appointed Steven Gransbury underwriting leader for its Specialty Accident & Health Division.
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Joseph Taranto, CEO of Bermudian reinsurance firm Everest Re, will retire at the end of 2010. His successor was announced along with the firm's second-quarter results.
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Zurich Financial Services Group has appointed four regional CEOs within its global life division for Europe, Asia Pacific and the Middle East, North America and Latin America.
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It is unlikely that the Aon broker who threw his laptop and memory sticks into a pond in an attempt to conceal the work he was doing from his former firm will face criminal charges or lose his role at the broking giant, Reactions can reveal.
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Axa Equitable Life Insurance has appointed David O’Leary as its executive vice-president .
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G Thompson Hutton has decided to leave XL Group’s board of directors to start a new business focused on risk and insurance in renewable energy.
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Insurance Australia Group said that it expects to report a 50% fall in profits for the year to June 30 and has announced the departure of Neil Utley, the CEO of its ailing UK operation.
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Insurance broker Marsh has appointed Elizabeth Demaret as managing director and multinational client service director.
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Marsh has promoted Martin Clark as its global energy practice claims leader after only six months at the firm.
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Chartered Insurance Institute (CII) has appointed its new president. The professional organisation has named Allianz general manager, Chris Hanks, as its new president.
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MGIC Investment has appointed Mark Zandi to its board of directors. Zandi has joined the firm from Moody’s Analytics, where he was a chief economist.
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Leslie Margolin has quit from her role at US health insurer, WellPoint, The Wall Street Journal reports. She was acting as the president of the Anthem Blue Cross unit in California.
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CNA has named Michael Furlong as vice-president of underwriting for its specialty lines group. He will be responsible for the global insurer’s lawyers professional liability programme.
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Barlow Lyde & Gilbert (BLG) has bolstered its insurance practice with a number of former Halliwells partners joining the firm in Manchester.
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Kiln, the international insurance and reinsurance underwriting group, has announced two appointments in Asia.
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RSA has appointed Derek Walsh as its new general counsel, with effect from July 19, 2010.
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Towers Watson has appointed Sean McDermott as director of property/casualty (P/C) consulting services.
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Ace Group has made two promotions in its European claims team.
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CIGNA International has appointed Jason Sadler as CEO of the Health, Life & Accident operations.
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Guarantee Insurance Company has appointed Chris Rhoden as underwriter, alternative markets.
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Ironshore has appointed Rod Todd as head of the Lloyd’s property operation.
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QBE has hired Maureen Robertson as new head of its business in Scotland,
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AIG is expected to appoint Mark Tucker as head of its Asian business, The Independent reports. He will succeed Mark Wilson and will lead the group through its planned IPO.
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Nick Starling, head of general insurance at the Association of British Insurers (ABI), was left in a tricky situation at an industry conference last week, following the unexpected departure of the group’s chief executive.
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Insurance and reinsurance broker Miller has made a number of senior appointments to its reinsurance business unit.
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Torus Executive Risks, the joint venture between Nexus Underwriting Management and global specialty insurer Torus, has entered the professional lines market.
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Ace UK has announced the appointment of Matthew Shaw as president, Ace Global Markets (AGM) and active underwriter for Syndicate 2488.
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Harvey Golub, chairman of American International Group (AIG), has quit the US insurer after clashing with CEO Robert Benmosche.
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Kerrie Kelly is stepping down from her role as director general of the Association of British Insurers (ABI) to return to Australia for personal reasons.
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Insurance broker Marsh has launched a new global rail practice and appointed three industry veterans to lead it.
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Sentry Insurance has appointed Peter McPartland as president and COO, The Business Journal reports. He will be joining in August and will be based in Stevens Point.
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RSA has appointed Soledad Vitale as a renewable energy underwriter.
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Transamerica Reinsurance has appointed Alfonso Lombao as managing director for its Latin American business.
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Endurance Specialty Holdings has hired Gene Mason as senior president and head of professional lines for its US wholesale insurance division.
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Global Indemnity has appointed James Crystal as a director on the board. Crystal is chairman and CEO of insurance brokerage Frank Crystal & Company.
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The Hartford Financial Services Group, the insurance and wealth management company, has appointed Hedley Blane as chief underwriting officer of the company’s subsidiary, Hartford Financial Products International
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Brit Insurance has appointed Tom Taylor as liability portfolio management underwriter in its London office. Reporting to Jamie McNab, UK portfolio manager for liability, he takes up his position immediately.
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The Hartford Financial Services Group, the US insurance and wealth management company, has announced that Gail McGovern has decided to resign from The Hartford’s board of directors.
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Albert Benchimol, executive vice-president and chief financial officer of PartnerRe, is set to retire from the firm, effective December 31, 2010.
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Island Insurance has appointed Lyle Harada as vice-president of its claims unit. Harada will be responsible for the strategic planning, development and management of all claims functions.
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QBE has promoted Petko Tonchev to general manager for central and eastern Europe, while Felix Jenny will take up the interim position of general manager of QBE's German operation.
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Allianz Life Insurance Company of North America has appointed Debra Repya as the new senior director of advanced markets.
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Brit Insurance has appointed Denon Ambris as liability underwriter in its Birmingham office. Ambris will be reporting to Rosie O’Gara, central and south west regional manager.
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PricewaterhouseCoopers (PwC) has appointed David Law as the new global insurance leader, succeeding Ian Dilks who is now global head of public policy and regulatory matters.
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Lord Levene, chairman of Lloyd’s of London is set to spearhead a new banking venture that will compete to buy government-backed assets such as Northern Rock and a portfolio of branches of Lloyds Banking Group, the Financial Times report.
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The Ace Group of insurance and reinsurance companies has appointed David Furby as division president, commercial property/casualty, for Ace’s overseas general operations.
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The UK Financial Services Authority (FSA) has banned three individuals from working in regulated financial services after they were found guilty of a £2m ($3m)fraud.
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QBE Insurance Group has appointed Robert Byler as president and head of programme business for its Americas division based in New York.
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The Ace Group of insurance and reinsurance companies has appointed six additional global client executives: Jeff Carr and Shaun Edwards in London, Olivier Roussel in Paris, Wolfgang Ruffert in Frankfurt, Andrea Pearson in Los Angeles and Karen Sawyer in New York.
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Jardine Lloyd Thompson (JLT) Asia has appointed Doug White as managing director of its north Asia business.
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The Taipei City government has blocked four Primus Nan-Shan Holding board members from serving as directors, The Wall Street Journal reports.
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Photos from the Reactions London Market Awards Dinner 2010, which took place at the Grange City Hotel on June 30, are now available for free download.
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Ace International has appointed Perrine Kalina to the new role of engineering coordinator and assistant underwriter to its environmental risk team.
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Argo International, a specialist Lloyd’s insurer and subsidiary of Argo Group International, has appointed Tony Cabot to support its active international growth strategy.
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Robert Benmosche, American International Group’s (AIG) CEO, has threatened to quit following a deep rift with Harvey Golub, the company’s government controlled chairman, the Wall Street Journal reports.