ceo succession News

‘Numbers Guy’ Zaffino Expected to Succeed Duperreault as AIG CEO…Eventually

Peter Zaffino sat at 2 World Trade Center poring over financial reports on the morning of Sept. 11, 2001, when the first plane struck a neighboring building. Zaffino, known by colleagues for his laser-like focus, remained at his desk as …

GEICO CEO Roberts to Retire End of 2020; Berkshire Hathaway’s Combs to Succeed

Bill Roberts, GEICO’s president and chief executive officer, has announced that he will retire in December 2020 after 35 years with the insurer. Replacing Roberts as CEO will be Todd Combs, one of Berkshire Hathaway’s investment managers. Roberts, who turned …

Topa Insurance Chief Donahue Resigns; Day Assumes Interim Role

Topa Insurance Group President and CEO John Donahue has announced his resignation from Topa Insurance Group at the end of this year. Donahue relocated to Southern California nearly six years ago for the leading role, and his decision to resign …

EMC Insurance CEO Kelley To Retire in March; Jean Named as Successor

Bruce Kelley, CEO, president and treasurer, has informed the Employers Mutual Casualty Co. (EMC) board of directors that he is retiring in March, 2020 after 35 years with the insurer Scott Jean, currently executive vice president for Finance and Strategy, …

Okumura to Succeed Frudd as CEO at Sompo International Holdings

Sompo International Holdings (SIH), a Bermuda-based specialty provider of property/casualty insurance and reinsurance, announced that Mikio Okumura will be appointed chief executive officer effective on January 1, 2020 subject to regulatory approvals. Okumura is succeeding Nigel Frudd, who will still …

Changes at Top at Lockton: Clune to Become CEO; Ron Lockton to Chairman

Peter Clune will succeed Ron Lockton as chief executive officer at private global insurance broker Lockton, succeeding Ron Lockton who is taking on the role of chairman, effective May 1, 2020. Clune has been with Lockton for 13 years, most …

Selective Insurance Taps Marchioni to Succeed Murphy in 2020 as CEO

Selective Insurance Group announced that John J. Marchioni, who has served as the company’s president and chief operating officer since 2013, has been unanimously elected as its next chief executive officer, effective Feb. 1, 2020. Marchioni will succeed Gregory E. …

Mutual Insurer Trade Group NAMIC’s CEO Chamness to Retire

The National Association of Mutual Insurance Companies announced that Charles Chamness, the chief executive officer of the organization, is retiring from the post he held for nearly 17 years. The official announcement came this week on the final day of …

Nationwide Taps Insider Walker as CEO to Succeed Rasmussen

Columbus, Ohio-based insurer Nationwide said Kirt Walker, a 33-year company veteran, will become its next chief executive officer. Plans call for Walker to take over the CEO slot on Oct. 1, 2019. He will succeed current CEO Steve Rasmussen, who …

Applied Systems Names Rhodes New CEO as French Steps Down

Reid French has stepped down as CEO of the insurance agency technology firm Applied Systems, and cloud technology executive Taylor Rhodes has joined as Applied’s new chief executive officer. French, who served as CEO for eight years, will continue to …