Ramani Ayer News

Truth or Lore? Insurance ‘Factorama’ Explores the Known and Little-Known

It’s the end of the decade that apparently has no name as yet, but that doesn’t stop those of us at Insurance Journal from looking back at the past 10 years and beyond for known and little-known insurance “factoids.” Why? …

Declarations

Hiring Hit “The more qualified the individual was the less interest they expressed in the Hartford top job.” —Bob MacDonald, former CEO of Allianz Life of North America and self-described financial services contrarian, criticizing the failure of the Hartford Financial …

Declarations

Mud Flows After Fires “After the smoke has cleared from any wildfire, there is still the potential for catastrophic damage and losses to homes and neighborhoods when winter storms come. Most homeowners policies do not provide coverage for damage that …

Bank of America’s McGee Named New CEO by The Hartford

Hartford Financial Services Group Inc. named a former Bank of America Corp. executive to be its new CEO, and he already has plans to introduce enhanced risk management after record losses at the 199-year-old insurer. Liam McGee, former head of …

Contrarian Insurance Executive Hits Hartford’s CEO Choice as ‘Outsourcing’

The hiring of former Bank of America executive Liam McGee as the new chief executive officer of the Hartford Financial Services Group “elevates outsourcing to a new and dangerous level,” charges Bob MacDonald, former CEO of Allianz Life of North …

Bank of America’s McGee Named New CEO by The Hartford

Hartford Financial Services Group Inc. named a former Bank of America Corp. executive to be its new CEO, and he already has plans to introduce enhanced risk management after record losses at the 199-year-old insurer. Liam McGee, former head of …

The Hartford Raises $900 Million

Hartford Financial Services Group Inc., an insurer that received a $3.4 billion government bailout, said on Thursday it had raised $900 million in an equity offering, more than it expected, sending its shares sharply higher. “We saw strong demand from …

People

Rolling Meadows, Ill.-based C. W. Olson and Co., an affiliate of the full-service insurance brokerage firm Associated Agencies Inc., promoted Matthew Meliker to executive vice president and in-house counsel. Meliker, a resident of Itasca, Ill., has practiced law since May …

People

The Insurance Council of Texas recently presented William H. “Bill” Huff, vice president of Regulatory Affairs for Affirmative Insurance, with the Raymond Mauk Leadership Award. Huff is the 12th recipient of the award, which is the ICT’s highest honor. The …

The Hartford’s Andrade to Keep P/C Unit Disciplined; Focused on Service

The Hartford Financial Services Group Inc. appointed Juan Andrade, 43, president and chief operating officer of its Property and Casualty Operations, effective immediately. Andrade will continue to report directly to the company’s chairman and CEO, Ramani Ayer, and will serve …