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UP CLOSE: Bill Wright

Published April 13, 2014 - 6:00am CST


Katy Spangler joins American Benefits Council as health policy lead

By: Jerry Geisel

Published April 11, 2014 - 2:25pm CST

Katy Spangler, a former congressional health policy staffer, will join the American Benefits Council next month as its senior vice president of health policy, the Washington-based employer benefits lobbying organization announced Wednesday.

Obama taps budget director as new health secretary after Sebelius resigns

Published April 11, 2014 - 11:42am CST

(Reuters) — U.S. Health and Human Services Secretary Kathleen Sebelius is resigning after overseeing the botched rollout of President Barack Obama's signature healthcare reforms.

OFF BEAT: Kim Dotcom's Megaupload up against U.S. court system

Published April 10, 2014 - 4:18pm CST

Hollywood titans go up against Internet giant Megaupload in an epic copyright battle in the U.S. courts.

Aon CEO says Berkshire Hathaway deal good for Lloyd's market

Published April 10, 2014 - 2:23pm CST

(Reuters) — The head of insurance broker Aon P.L.C. has mounted a defense of a deal signed last year with Warren Buffett's Berkshire Hathaway Inc. that some fear could weaken the Lloyd's of London insurance market, arguing it is good for London.

Public insurance specialist Joel Hirsch to lead Allied Public Risk

By: Kate Shepherd

Published April 08, 2014 - 2:47pm CST

Joel Hirsch has been named president of Allied Public Risk, a new division at Aegis General Insurance Agency, a unit of San Diego-based K2 Insurance Services L.L.C.

Ace launches global cyber risk practice led by Toby Merrill

By: Kate Shepherd

Published April 04, 2014 - 1:38pm CST

Ace Ltd. has launched its global cyber risk practice, naming Toby Merrill as its leader, the insurer said Friday.

Past Risk Management Honor Roll® member endows scholarship

By: Rodd Zolkos

Published April 03, 2014 - 11:51am CST

A past Business Insurance Risk Management Honor Roll® honoree has endowed a scholarship at his alma mater, West Virginia University, and directed the cash award from another risk management honor he recently received to the scholarship fund.

Widow of Zurich CFO rejects report into his suicide

Published April 02, 2014 - 12:25pm CST

(Reuters) — The widow of Zurich Insurance Group's late finance chief said at the firm's shareholder meeting that she could not accept the results of a probe into his suicide, which exonerated the firm and its former chairman of responsibility.

Enstar, Stone Point complete Torus Insurance acquisition

By: Kate Shepherd

Published April 02, 2014 - 11:46am CST

Enstar Group Ltd. and Stone Point Capital L.L.C. have completed their acquisition of London-based Torus Insurance Holdings Ltd. and have appointed two new members to Torus’ board.

Widow of Zurich CFO to confront insurer at annual general meeting over suicide

Published April 01, 2014 - 5:51pm CST

(Reuters) — Seven months after the suicide of Zurich Insurance finance chief Pierre Wauthier, his widow is set to confront the company over its handling of the tragedy, reopening a scandal that unsettled investors.

OFF BEAT: Insurance broker humors Tina Fey, admits workers comp foul-up

Published April 01, 2014 - 11:35am CST

Comedian Tina Fey faced a $79,000 workers compensation judgment last month for allegedly failing to insure her employees, though her insurance brokerage reportedly owned up to the mix-up.

UP CLOSE: Michael Cardenas

Published March 30, 2014 - 6:00am CST


Q&A: Joshua Gotbaum, Pension Benefit Guaranty Corp.

Published March 28, 2014 - 6:00am CST

When President Barack Obama in 2010 named Joshua Gotbaum, then an operating partner at private equity firm Blue Wolf Capital Partners L.L.C. in New York, as director of the Pension Benefit Guaranty Corp., the agency's problems were well-known. It had a huge deficit and a shrinking premium base as employers moved away from defined benefit plans. In a recent interview with Editor-at-Large Jerry...

RIMS names Amber Levy as membership director

By: Bill Kenealy

Published March 27, 2014 - 1:16pm CST

Amber Levy will join the Risk & Insurance Management Society Inc. as its new director of membership and constituent programs, effective immediately, the society said Thursday.

OFF BEAT: Magician wins lawsuit over protecting tricks of the trade

Published March 26, 2014 - 4:42pm CST

Penn & Teller have been performing magic tricks for decades, but they certainly don’t want copycats offering to explain their signature tricks for a price.

Former Lloyd's CEO Peter Middleton dies

By: Sarah Veysey

Published March 25, 2014 - 10:26am CST

Peter Middleton, the former CEO of Lloyd's of London who led the market during some of its most turbulent years, died on March 15, age 74.

Risk managers assess 2014 Innovation Awards entries

Published March 16, 2014 - 6:00am CST

All of the entries for the 2014 Business Insurance Innovation Awards were reviewed by an independent panel of judges, all of whom are risk management professionals.

UP CLOSE: Brad Fowler

Published March 16, 2014 - 6:00am CST


AIG awards bonuses to top executives, cites risk management

By: Matthew Lerner

Published March 14, 2014 - 12:02pm CST

Several senior executives at American International Group Inc. — including President and CEO Robert Benmosche — received handsome bonuses for 2013 for exceeding business targets.

Berkshire's Buffett says firm has cut U.S. catastrophe insurance

Published March 14, 2014 - 10:55am CST

(Reuters) — Berkshire Hathaway Inc. Chairman and CEO Warren Buffett said on Friday that his firm had eliminated most of its catastrophe insurance business in the United States.

Ironshore executive group to focus on insurer's growth

By: Kate Shepherd

Published March 12, 2014 - 1:59pm CST

Ironshore Inc. has formed a group executive leadership committee to formulate strategic direction for the specialty insurer and guide group growth and performance, the company said Wednesday.

CNA's Motamed a $10 million executive again

By: Steve Daniels, Crain's Chicago Business

Published March 11, 2014 - 2:57pm CST

CNA Financial Corp. made its CEO one of Chicago's $10 million executives for the second year in a row.

Health care veteran to lead National Business Coalition on Health

By: Jerry Geisel

Published March 10, 2014 - 11:36am CST

Brian Klepper, a long time health care analyst and entrepreneur, was named Monday as chief executive officer of the National Business Coalition on Health in Washington.

RSA appoints new CEO of troubled Irish unit

By: Sarah Veysey

Published March 10, 2014 - 9:58am CST

U.K. insurer RSA Insurance Group P.L.C. has appointed Ken Norgrove CEO of its troubled Irish unit, RSA Insurance Ireland.

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