Executives.Conseco's Bankers Life & Casualty Selects Berube as President-CEO Ed Berube has been named president and chief executive officer of Bankers Life & Casualty Co., Indianapolis, a subsidiary of Conseco Inc. Before joining Conseco in June 1999, Berube was president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of American Life Insurance Co., a subsidiary of American International Group
American International Group, Inc. (AIG) (NYSE: AIG; TYO: 8685 ) is a major American insurance corporation based in New York City. Inc. Before that, Berube was president of Cigna Financial Advisors. His 20 years with Cigna were spent in Cigna's career division. Berube began his insurance career in 1975 as an agent with Connecticut General Life Insurance Co. Kelter-Thorner Taps President-CEO Kelter-Thorner, a Bloomfield Hills, Mich.-based national insurance agency, has appointed Michael Kelter Kel´ter n. 1. Regular order or proper condition. If the organs of prayer be out of kelter or out of tune, how can we pray? - Barrow. Noun 1. president and chief executive officer. In his new role, Kelter will oversee management of all six Kelter-Thorner offices. Before joining Kelter-Thorner in 1992, Kelter was founder and president of an automobile dealership. He is currently a member of the Professional Liability Underwriting Society The Professional Liability Underwriting Society (PLUS) was founded in 1986 by industry professionals who recognized the need for a forum for individuals involved in the field of professional liability. and a licensed insurance counselor. Berkshire Life Promotes Two Following Berkshire Life's announcement of its merger with Guardian Life Insurance Co. of America, Berkshire Life has elected the directors of two key business areas to the position of vice president. Donald O. Morgan has been promoted from director of underwriting to vice president of underwriting. Jeffrey A. Yeager, director of claims, has been named vice president, claims management. Morgan will oversee the underwriting operation in the new Berkshire entity, which will include underwriters in Pittsfield, Mass.; Bethlehem, Pa.; and Spokane, Wash. Yeager will oversee claims-management operations in Pittsfield, Bethlehem and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . Guardian and Berkshire Life--both mutuals--agreed in September to merge their companies. Morgan, a 30-year veteran of the insurance industry, joined Berkshire Life in October 1999 as senior underwriter and was elected an officer and made director of underwriting in April 2000. Before coming to Berkshire Life, Morgan was a senior risk manager at Mass Mutual. Yeager joined Berkshire Life in 1989 as a claims consultant. In 1998, he was elected an officer of the company and named director of claims. Before coming to Berkshire Life, Yeager worked as a disability analyst at Aetna. Thiele Follows Haag at PartnerRe PartnerRe Ltd., Pembroke, Bermuda, has appointed Patrick Thiele to the posts of president and chief executive officer. He succeeds Herbert Haag, who retired Dec. 1. Haag remains an adviser to the company until Jan. 1, 2003. He served as president-CEO since the company's inception in 1993, when he orchestrated PartnerRe's initial public offering. He is retiring to pursue personal interests. Thiele, 49, most recently was group director for development at London-based CGNU CGNU Crazy Go Nuts University (Homestar Runner) CGNU Commercial Union, General Accident and Norwich Union (insurance group, renamed Aviva) plc. Before that, he was president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of St. Paul St. Paul as a missionary he fearlessly confronts the “perils of waters, of robbers, in the city, in the wilderness.” [N.T.: II Cor. 11:26] See : Bravery Cos.' worldwide insurance operations. He has more than 25 years of experience in insurance and finance. At CGNU, Thiele oversaw strategic development and e-commerce initiatives, and he was responsible for the recently announced divestiture of CGNU's operations in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . While he was CEO at St. Paul, the company's revenues increased by 65%, and the company grew to become the fourth-largest commercial lines carrier and eighth-largest property/casualty insurer in the United States. Thiele spent seven years as chief financial officer and chief investment officer. Under Haag's leadership, PartnerRe earned more than $1.3 billion in net income. Its assets grew nearly eightfold eightfold Adjective 1. having eight times as many or as much 2. composed of eight parts Adverb by eight times as many or as much Adj. 1. to $7.4 billion, shareholders' equity Shareholders' Equity A firms' total assets minus its total liabilities. Equivalently, it is share capital plus retained earnings minus treasury shares. Shareholders' equity is the amount by which a company is financed through common and preferred shares. doubled to $1.9 billion, and net premiums rose to more than $1.34 billion from $16 million. The company has more than 600 employees in 16 offices serving 1,800 clients in 122 markets. InsureZone Names Krause CFO See Chief Financial Officer. InsureZone, a Fort Worth, Texas-based Internet insurance business, has hired James A. Krause as its new chief financial officer. Krause specializes in transactions, including mergers, acquisitions and divestitures. He has 10 years of experience in developing businesses. Krause was previously a principal and executive vice president with C. Dean Metropoulos & Co., a management firm providing executive leadership and strategic direction to a portfolio of businesses. Earlier in his career, he was an attorney with Vinson & Elkins, a major international law firm. Founder of Australia's HIH HIH abbr. Her (or His) Imperial Highness to Leave Ray Williams Ray Williams can refer to:
HIH recently agreed to sell its personal lines business--most of it acquired in the purchase of FAI Insurances in 1999-to Allianz Australia Ltd., a unit of German insurer Allianz AG Holding. HIH said Williams would focus on the venture with Allianz. In light of that, Dominic Fodera was named chief operating officer. Fodera and Terry Cassidy, managing director for Australia, will step down from the board. Geoffrey Cohen cohen or kohen (Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male. will remain as chairman. Kemper Environmental Taps Leader Bill McElroy has joined Kemper Environmental, New York, as its new president. McElroy brings more than 15 years of environmental insurance experience to Kemper. He most recently served as vice president, environmental specialty group, for Zurich-American Specialties in New York. McElroy's previous experience includes a position as an appointed member of the Task Force of Lead-Based Paint Reduction and Financing, Washington, D.C., and senior underwriter specialist for the Environmental Impairment Liability Commerce & Industry Insurance Co., New York. MONY MONY Mutual of New York (Insurance - Syracuse, NY) Taps Investor Relations Investor relations The process by which the corporation communicates with its investors. VP MONY Group, New York, has appointed Jay Davis vice president of investor relations for the financial-services organization. In this role, Davis will oversee the investor-relations function, serving as the company's main contact and liaison with the investment community. He also will retain his current position as vice president of corporate development. Davis has held a number of positions with MONY He joined the company s career field force in Palo Alto, Calif., in 1981, and has held positions of increasing responsibility, including marketing director, sales manager and branch manager in several of MONY's West Coast offices. Alistar Installs President-CEO Alistar Insurance Co., Fresno, Calif., named John R. Sosak as president and chief executive officer. He succeeds Howard Lamb, who has retired. Sosak joined Alistar in 1997 and served as vice president of claims. He brings more than 30 years of experience to his new position. He has held management and executive positions of increasing responsibility with both insurance companies and with self-insureds. Alistar Insurance Co. is a California-based company offering multiple insurance lines, including property/casualty, workers' compensation workers' compensation, payment by employers for some part of the cost of injuries, or in some cases of occupational diseases, received by employees in the course of their work. and surety. Southern General Hires Tech Chief Southern General Financial Group, Marietta, Ga., has named Robert M. Leedy chief technology officer. His previous position was with Global IT Associates. Leedy has more than 21 years of experience in the information technology and consulting industry, including working with Gemini Consulting and ATKearney. Managed Health Appoints COO Rita Johnson-Mills has been appointed chief operating officer of Managed Health Services health services Managed care The benefits covered under a health contract Indiana Inc., Indianapolis. Before joining MHS (1) (Message Handling Service) An earlier messaging system from Novell that supported multiple operating systems and other messaging protocols, including SMTP, SNADS and X.400. It used the SMF-71 messaging format. , Johnson-Mills served as executive vice president and chief operating officer of Medical Diagnostic Management Inc., a laboratory-benefits management company in Culver City, Calif. Managed Health Services is a managed-care company serving the Medicaid population in Indiana. Prudential Investments Names VP Prudential Investments, Newark, NJ., has named Nelson Woodard vice president of asset allocation Asset Allocation The process of dividing a portfolio among major asset categories such as bonds, stocks or cash. The purpose of asset allocation is to reduce risk by diversifying the portfolio. and quantitative analysis Quantitative Analysis A security analysis that uses financial information derived from company annual reports and income statements to evaluate an investment decision. Notes: for the company's investment-management research division. Woodard will build and oversee a centralized asset-allocation research effort in support of Prudential Investments' strategic asset-allocation recommendations for clients. Woodard comes from Dreman Value Management, where most recently he was managing director and the senior member of the investment committee and senior representative of the firm to institutional clients, consultants and high-net-worth investors. Transamerica Fills Key Posts Transamerica Insurance & Investment Group has named five insurance industry executives to key positions. William Tate has been named senior vice president and chief marketing officer for Transamerica Occidental Life Insurance Co. Promoted to senior vice president and chief agency officer for TOLIC TOLIC Transamerica Occidental Life Insurance Company is James Bowman. Now in charge of all three of Transamerica's marketing centers, he will focus on helping the company's existing general agencies expand. Jerry Paul, who has more than 25 years of service with Transamerica, has been named vice president, special markets. He will be responsible for the recruitment and marketing activities of the company's broker-dealer, Transamerica Financial Resources Inc. Replacing Paul as western regional vice president in Pasadena, Calif., is James "Marty" Flewellen. Flewellen joined the company in 1982 as a producer and held several sales manager positions before becoming a general agent. He was most recently based in Las Vegas. Joining Transamerica is James Duff III, who has been named eastern regional vice president. Duff began his insurance career in 1986 with MONY Financial Services. He joined his father's Pittsburgh firm, James Duff Brokerage Service of Pittsburgh, in 1989 and became president and owner in 1994. |
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