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Benmosche says cancer prognosis led to earlier retirement from AIG

By: Matt Dunning

Published August 28, 2014 - 3:13pm CST

As he prepares to step down as chief executive officer of American International Group Inc. on Sept. 1, Robert H. Benmosche revealed that his ongoing cancer prognosis forced him to move up his planned retirement by several months.

Willis Re Canada adds two executives from Guy Carpenter

By: Kate Shepherd

Published August 28, 2014 - 11:36am CST

Willis Re Inc., the North American reinsurance operation of Willis Group Holdings P.L.C., on Thursday said it has hired two executives for its Toronto-based senior management team from Guy Carpenter & Co. L.L.C.

Ariel co-CEO Milligan to retire after sale of Ariel Re

By: Sarah Veysey

Published August 27, 2014 - 10:07am CST

Tom Milligan, co-CEO of Ariel Holdings Ltd., will retire upon completion of the sale of Ariel's reinsurance operations, Ariel Re, to Sao Paulo-based investment bank Banco BTG Pactual S.A.

U.S. loses bid to dismiss ex-AIG CEO's $25B lawsuit over bailout

Published August 26, 2014 - 4:35pm CST

(Reuters) — A federal judge has rejected the United States' bid to dismiss a more than $25 billion lawsuit filed by Maurice R. Greenberg, the former chief executive of American International Group Inc.

HealthCare.gov to be run by Connecticut exchange leader

By: Darius Tahir, Modern Healthcare

Published August 26, 2014 - 3:57pm CST

The leader of one of the most successful state-based insurance exchanges will head to Washington to become CEO of the federal marketplace. The CMS named Connecticut's Kevin Counihan to the newly created post on Tuesday.

Jardine Lloyd Thompson Canada adds 2 executives to Calgary office

By: Kate Shepherd

Published August 22, 2014 - 12:52pm CST

Jardine Lloyd Thompson Canada Inc., a unit of Jardine Lloyd Thompson Group P.L.C., is adding two new members to its senior team in Calgary, Alberta.

Allied World names John Bender CEO of global reinsurance

By: Matthew Lerner

Published August 21, 2014 - 11:52am CST

Allied World Assurance Co. Holdings A.G. has named John Bender CEO of its global reinsurance operations, the company said Thursday.

Steve Niparko joins Aon Risk Solutions' Denver construction group

By: Kate Shepherd

Published August 21, 2014 - 9:47am CST

Aon Risk Solutions has appointed Steve Niparko as senior vice president and strategic account manager of the firm’s construction services group for the Denver office.

Houston International Insurance names president of new global energy division

By: Kate Shepherd

Published August 20, 2014 - 2:21pm CST

Houston International Insurance Group has named Susan Swails as president and chief underwriting officer of its newly formed division, HIIG Global Energy, the insurer said Wednesday.

Towers Watson names Eric Speer global head of risk consulting, software

By: Kate Shepherd

Published August 19, 2014 - 4:54pm CST

Towers Watson & Co. has named Eric Speer as global head of risk consulting and software.

Pension law, regulation pioneer Robert Nagle dead at 84

By: Jerry Geisel

Published August 19, 2014 - 1:25pm CST

Robert Nagle, a long-time pension policymaker and regulator, died Saturday at his home in McLean, Virginia. Mr. Nagle, 84, had been battling cancer.

Former Zurich CEO James J. Schiro dead at 68

By: Sarah Veysey

Published August 18, 2014 - 9:56am CST

James J. Schiro, the former CEO of Zurich Insurance Group Ltd., has died at the age of 68.

UP CLOSE: Krista Tankersley

Published August 17, 2014 - 6:00am CST

DALLAS-BASED MANAGING DIRECTOR

Q&A: Nir Kossovsky, Steel City Re

By: Rodd Zolkos

Published August 17, 2014 - 6:00am CST

Nir Kossovsky is CEO and director of Steel City Re, a Pittsburgh-based broker and adviser specializing in corporate reputation management and risk transfer. Mr. Kossovsky recently spoke with Business Insurance Senior Editor Rodd Zolkos about the ability to quantify reputation risk and how that ability facilitates managing and insuring those exposures. Edited excerpts follow.

Longtime Magna Carta executive Theodore Smyk dies at 68

By: Judy Greenwald

Published August 15, 2014 - 1:34pm CST

Theodore Smyk, 68, who was vice president of claims at New York-based mutual insurer Magna Carta Cos., died Sunday, the company announced.

Swiss Re Corporate Solutions names new head of casualty for North America

By: Kate Shepherd

Published August 15, 2014 - 9:30am CST

Swiss Re Corporate Solutions, a unit of Swiss Re Ltd., has named Robley Moor as head of North American casualty and managing director.

Vermont Captive Insurance Association presents 2014 awards

By: Rodd Zolkos

Published August 14, 2014 - 9:31am CST

BURLINGTON, Vt. — The Vermont Captive Insurance Association presented awards to several captive industry participants in recognition of their contributions to the industry at the opening of this year's VCIA conference.

Berkshire Hathaway hires two senior execs from AIG Asia: WSJ

Published August 13, 2014 - 9:17am CST

(Reuters) — Berkshire Hathaway Inc has hired two senior executives from American International Group Inc.'s Asia operations to boost its insurance business in the region, the Wall Street Journal reported citing people familiar with the matter.

Crystal & Company beefs up West Coast management team

By: Kate Shepherd

Published August 07, 2014 - 1:28pm CST

Crystal & Company has appointed four executives in its San Francisco and Los Angeles offices, the New York-based insurance broker said Thursday.

OFF BEAT: Violent hip-hop lyrics help New Jersey man delay murder rap

Published August 07, 2014 - 8:53am CST

It seems the age-old quandary of whether life imitates art will not be settled in the criminal courts of New Jersey.

Business Insurance announces 40 Under 40 broker honorees for 2014

Published August 06, 2014 - 3:07pm CST

Business Insurance on Wednesday announced the honorees for its second annual 40 Under 40 Broker Awards.

OFF BEAT: Insurer takes small-town police force to task over training

Published August 06, 2014 - 12:02pm CST

A township police force in Michigan recently faced losing its insurance coverage if it didn’t improve training of its three dozen unpaid — but armed — volunteer deputies and restrict them to special events, according to news reports.

Lockton expands global energy leadership with three specialty hires

By: Judy Greenwald

Published August 05, 2014 - 2:56pm CST

Lockton Cos. L.L.P. is bolstering its London-based energy group with hires from the RKH Group Ltd., Aon P.L.C. and Marsh L.L.C., the brokerage said Tuesday.

AIG quarterly profit improves on property, other lines' performance

By: Mark A. Hofmann

Published August 04, 2014 - 3:45pm CST

AIG reported second-quarter net income of $3.07 billion on Monday, a 12.5% increase over the same period last year, driven by higher profit in its property/casualty, life and retirement and mortgage guaranty operations.

Holmes author's estate must pay legal fees in copyright dispute: Court

By: Judy Greenwald

Published August 04, 2014 - 12:57pm CST

Adding another legal chapter to a copyright dispute previously lost by the Arthur Conan Doyle estate over the copyright of stories involving Sherlock Holmes, a federal appeals court has ruled the estate must also pay legal costs in the dispute.

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