Munich Re chairman to retire
by Gill Montia
Story link: Munich Re chairman to retire
Munich Re’s supervisory board chairman, Hans-Jürgen Schinzler, is retiring on 31st December 2012. He will be succeeded by Bernd Pischetsrieder, who has been on the reinsurer’s supervisory board since 2002 and is apparently “well acquainted” with the challenges of the international insurance industry.
Congregational & General appoints chairman
by Gill Montia
Story link: Congregational & General appoints chairman
Congregational & General has announced the appointment of Harry Driver as company chairman, following David Collett’s retirement from the role. Mr Driver, who has more than 40 years’ experience in the insurance industry, has been a non executive director of the firm, which specialises in home and places of worship insurance, for over five years. [...]
Aviva installs executive chairman
by Gill Montia
Story link: Aviva installs executive chairman
Aviva has confirmed that Lord Sharman of Redlynch retired as chairman of the board and as a director of the company on 30th June 2012, also stepping down as chairman of the insurer’s nomination committee and as a member of its corporate responsibility committee. John McFarlane has taken up the post of executive chairman with [...]
Tidjane Thiam to chair ABI
by Gill Montia
Story link: Tidjane Thiam to chair ABI
Tidjane Thiam has been nominated by the board of the Association of British Insurers (ABI) to become its next chairman with effect from 3rd July. Currently group chief executive of Prudential, he takes over from Tim Breedon of Legal & General who will be stepping down having completed his two-year term of office with the [...]
Prudential names new chairman
by Gill Montia
Story link: Prudential names new chairman
Prudential has appointed Paul Manduca as chairman, succeeding Harvey McGrath. He will assume the position on 2nd July, having been an independent non-executive director of Prudential since October 2010 and senior independent director since January 2011. Mr Manduca has had a long career in the international financial services industry, founding Threadneedle Asset Management in 1994, [...]
Allianz Italy chairman to move on
by Gill Montia
Story link: Allianz Italy chairman to move on
Allianz Italy could soon be looking for a new chairman, the board of UniCredit S.p.A. having reported that it is recommending the appointment of Giuseppe Vita as its new chairman. Shareholders of the Milan-based bank will vote on the proposed appointment on 11th May.
Aviva’s Sir Nick appointed FOS chairman
by Gill Montia
Story link: Aviva’s Sir Nick appointed FOS chairman
The Financial Services Authority (FSA) has appointed Sir Nicholas Montagu as the new chairman of the Financial Ombudsman Service (FOS). He will succeed Sir Christopher Kelly who steps down in January 2012, after seven years in the role. Sir Nicholas is currently the chairman of the Aviva UK Life With-Profits Committee and a director of [...]
CII appoints Disciplinary Committee chair
by Gill Montia
Story link: CII appoints Disciplinary Committee chair
Peter Taylor has been appointed as the new lay chairman of the Chartered Insurance Institute’s (CII) Disciplinary Committee. Mr Taylor is currently a consultant at Hogan Lovells International LLP where he was previously a partner from 1993 to 2010. In his new role, he will chair meetings of the Disciplinary Committee and hearings of the [...]
Aviva confirms appointment of new chairman
by Gill Montia
Story link: Aviva confirms appointment of new chairman
Aviva has formally announced the appointment of John McFarlane as chairman, taking over from Lord Sharman of Redlynch at the end of June 2012. In the meantime, Mr McFarlane will become a non-executive director of the group in September of this year and take up the role of deputy chairman at the beginning of next. [...]
Willis Limited names new CEO and chairman
by Gill Montia
Story link: Willis Limited names new CEO and chairman
Willis Group’s UK broking company, Willis Limited, has appointed Brendan McManus as chief executive officer, in addition to his current role as chief executive officer, Willis UK & Ireland. At the same time, Rodney Baker-Bates becomes non-executive chairman of the firm, with both appointments subject to regulatory approval. Mr Baker-Bates and Mr McManus succeed Willis [...]
Willis reshuffles senior management
by Gill Montia
Story link: Willis reshuffles senior management
Willis has announced a series of senior management appointments at its reinsurance, wholesale and placement divisions. The changes usher in the next phase in the development of Willis Global, a new business unit launched last year, which now encompasses Willis Re, Global Specialties, Global Markets, Faber & Dumas, Willis Capital Markets & Advisory, Willis Global [...]
Willis makes senior North America appointments
by Gill Montia
Story link: Willis makes senior North America appointments
Willis Group has appointed Vic Krauze as chairman and chief executive officer of Willis North America. Mr Krauze will report to Joe Plumeri, chairman and chief executive officer of Willis Group, and will serve as a member of Willis’ executive committee. Formerly president and chief executive officer of Willis North America, he succeeds Don Bailey, [...]
Pearl appoints new chairman
by Gill Montia
Story link: Pearl appoints new chairman
Pearl Group has appointed Ron Sandler as its new chairman. The post is part time and Mr Sandler will continue as chairman of Northern Rock, his role with the state-owned bank having commenced only last year. Previously he has served as chief operating officer at NatWest and chief executive of Lloyd’s of London, where he [...]
AIG makes chairman’s role non-executive
by David Masters
Story link: AIG makes chairman’s role non-executive
Embattled US insurer American International Group (AIG) has changed its bylaws to ensure that its chairman is independent. The move comes one week after Harvey Golub, former American Express boss, was named as non-executive chairman. Golub replaces executive chairman Ed Liddy, who had held the roles of CEO and chairman. Robert Benmosche, former chairman and [...]
BIBA appoints new chairman
by Gill Montia
Story link: BIBA appoints new chairman
The British Insurance Brokers’ Association (BIBA) has announced that Patrick Smith is to become its new chairman. Mr Smith, who is also chairman of Swinton, will be confirmed as chairman elect at BIBA’s annual general meeting later this month and will take up the role in September, replacing Derek Thornton. In addition to 38 years’ [...]
MMA appoints new chairman
by Richard Kilner
Story link: MMA appoints new chairman
Insurance broker MMA Insurance plc has named its new chairman, with Graham Doswell succeeding the incumbent Scott Nelson. Nelson stands down from the post after occupying it for five years, and has spent a total of nine years on the MMA board. Doswell is a veteran of the insurance industry, and brings to the role [...]
L&G made demands for resignation of RBS chiefs
by Gill Montia
Story link: L&G made demands for resignation of RBS chiefs
The chief executive of Legal & General Investment Management (LGIM) has revealed that his company had demanded the resignations of Royal Bank of Scotland (RBS) chiefs as long ago as May of last year. Appearing before a Treasury Select Committee yesterday, Peter Chambers reported that LGIM had called for the bank’s chairman, Sir Tom McKillop, [...]
XL Chairman sells off his shares
by David Masters
Story link: XL Chairman sells off his shares
XL Capital’s Chairman, Brian M. O’Hara, has admitted that he involuntarily sold 80% of his common shares in the company last week to meet a margin loan call. Announcing the share sale, O’Hara said he was regrettably ‘forced’ to sell 80% of his shares because of a ‘precipitous drop’ in XL’s share price. He added [...]
AIG name Liddy as new CEO and chairman
by Richard Kilner
Story link: AIG name Liddy as new CEO and chairman
The world’s largest insurer, AIG (American International Group), has announced that its Board of Directors has chosen a new chief executive officer and chairman. Edward M. Liddy, 62, will take on the two positions, succeeding Robert B. Willumstad. The firm’s independent director, Stephen F. Bollenbach, is to retain the post which he has occupied since [...]
Swiss Re hire Bell as American chairman
by Richard Kilner
Story link: Swiss Re hire Bell as American chairman
Walter A. Bell has been appointed by Swiss Re to serve as Swiss Re America Holding Corporation’s chairman. He will leave behind his role as Commissioner of the Alabama Department of Insurance, which he has occupied for the last 5 years, to take up his new position, which is effective from 2 September. During his [...]
