Robert Benmosche, the newly appointed chief executive of AIG, has started to cut up the insurer’s restructuring plan, deciding it is better to hold on to an investment advisory unit that is part of the insurer’s retirement services group. “Benmosche …
American International Group Inc., the insurer that received billions of dollars in a U.S. bailout, said on Monday that it will pay newly-appointed Chief Executive Robert Benmosche an annual salary of $7 million. In a filing with the U.S. Securities …
Chartis Inc.said that all of its worldwide travel businesses will begin operating under the brand name Travel Guard, effective immediately. Additionally, Jeffrey C. Rutledge has been named chairman and chief executive officer of Travel Guard Worldwide, Inc. Chartis is the …
CNA Financial Corp. has named John Hennessy to the position of chief executive officer of CNA’s European operations. The announcement comes soon after the insurer announced a strategy to grow its international operations, starting with CNA Europe. Hennessy joined CNA …
Ohio Attorney General Richard Cordray has announced an agreement in principle to settle claims against former American International Group (AIG) CEO Maurice R. “Hank” Greenberg and other AIG executives (Howard I. Smith, Christian M. Milton and Michael J. Castelli) and …
The chief executive of Louisiana’s state-backed property insurance company is seeking a 9.2 percent average rate increase for 2010, though he said some policyholders will probably see their rates decrease. John Wortman, CEO of Louisiana Citizens Property Insurance Corp., said …
Chartis Inc. appointed George Stratts as president and CEO of its Global Marine and Energy Division. Stratts was previously executive vice president of Lexington Insurance Co., a Chartis company, and senior executive for Lexington’s Property Division. In his new role, …
LOS ANGELES – City of Hope’s National Insurance Industry Council (NIIC) will honor James L. Weidner, chief executive officer of Cooperative of American Physicians Inc. (CAP), with The Spirit of Life® Award, City of Hope’s most prestigious philanthropic honor. Weidner …
American International Group has named Robert G. Gifford as president and chief executive officer of AIG Global Real Estate, the international real estate investment organization. Gifford’s experience includes 22 years with AEW Capital Management, L.P., a Boston-based real estate investment …
American International Group Inc., which today reported its first profit since 2007, has named former American Express Co. chief executive Harvey Golub as its non-executive chairman. Golub replaces Edward Liddy, who is resigning as both chairman and chief executive officer …
