management News

Even with Rescue, Puerto Rico Default Likely; Insurers Still at Risk for Millions

Investors in Puerto Rico’s debt-burdened economy still face risks of default on some of the island’s $70 billion in debt even after the U.S. Congress on Wednesday created a powerful federal oversight board to manage credit restructurings. U.S. President Barack …

Timothy Allen Joins American Claims Management Team

San Diego, CA, March 4, 2015 – National third party administrator, American Claims Management Inc. (ACM) announced that Timothy O. Allen joined its team as the vice president of property claims in January 2015. Allen brings more than 20 years …

Sce joins Sullivan Brokers in Southern California

Sullivan Brokers Wholesale Insurance Solutions named Jim Sce to the firm’s casualty practice group as vice president. Sce will work in the Los Angeles, Calif. office. Sce has expertise in construction classes, as well as experience in all casualty lines …

Chief Investment Officer Blumer to Step down from Swiss Re Post

Swiss Re’s Board of Directors has announced that Chief Investment Officer David Blumer has decided to leave the company, effective November 1, 2012. His successor will be announced in due course. Blumer joined Swiss Re in May 2008 as Head …

O’Halloran Steps Down as QBE Group CEO; Neal to Replace Him

On the same day that it released its first half year earnings report for 2012, Australia’s QBE Group announced the departure of long-time Group CEO Frank O’Halloran, who has stepped down from the position as of today August 17, 2012. …

Willis Creates New Units for Asia, Australasia, Middle East & Africa Operations

Willis International, the broker’s’ retail division, announced that in “recognition of the size, growth and strategic importance of its Asia Pacific, Middle East and Africa operations, it has created three regional business units under new and expanded leadership.” Willis Asia …

Taranto to Step Down as Everest Re CEO in 2013; Addesso Is Successor

The Bermuda-based Everest Re Group, Ltd. announced that Joseph V. Taranto has agreed to continue in his role as CEO of the Company through 2013, at which point he will retire from the position. Effective January 1, 2014, Dominic J. …

Arch Re Europe Announces Leadership Team Reorganization

Arch Reinsurance Europe Underwriting Limited announced that Maamoun Rajeh will be appointed as the company’s President and CEO as of July 1, 2012. He will succeed Helmut Söhler, who will assume the position of Vice Chairman of Arch Worldwide Reinsurance …

6 Ways to Kill Innovation Without Even Trying

Why do some great ideas fail and others succeed? The unique innovations pioneered by someone like Apple CEO Steve Jobs may have less to do with “out of the box” creativity than with mastering—and overcoming—a set of fundamental constraints that …

Conner Strong Appoints 3 Execs to New Positions

New Jersey-based risk management and employee benefits brokerage and consulting firm Conner Strong & Buckelew has made three new appointments to its management team. Franz Wagner has been named Senior Vice President, Major Accounts, Senior Account Executive. Kristine Klepper, CEBS, …