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American International Group will pay Robert B. Willumstad, its new chief executive, as much as $46.5 million in combination base pay and bonus during the term of his appointment, according to a compa
Prior to RoundTable, he was the chairman and chief executive officer of Allegiance Corporation. In addition, Mr. Knight serves as a Trustee of Northwestern University and as a director of Evanston Nor
In New York, Joe Fritsch, director of insurance accounting policy, said recently that his state insurance department had done an outreach to the industry concerning revisions in collateral requirement
Aon Consulting Worldwide, a unit of Chicago-based insurance broker Aon Corp., said it has hired Yves McGale as chief administration officer for its U.S. retirement practice, a newly created role withi
A top U.S. Treasury official made clear that establishing an Office of Insurance Information within his department is merely an interim step, and that the Bush administration's "intermediate"
In statements released last week, the Council of Insurance Agents and Brokers, the Independent Insurance Agents and Brokers of America, The Travelers Companies and Nationwide Insurance Companies
A chief executive for a mega-brokerage firm has called on New York state regulators to end all producer contingent commission agreements by 2010 to level the playing field for all insurance
Dallas-based MarketScout's latest Market Barometer analysis found that while rates are still declining, on average, by double-digits, and the market is still considered soft, the June composite rate
A House Financial Services Subcommittee has approved three key reform bills--two aimed at improving the insurance regulatory system, and the other increasing the availability of coverage by expanding
"Insurers dealt with over 180,000 claims, and paid out ?3 billion (U.S. $6 billion). The government is now committed to a long-term flood strategy that will lead to a better understanding of the flood
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