William O. Bailey, the former president, chief operating officer and vice chairman of health insurer Aetna Inc. and the former chief executive officer and chairman of MBIA Inc., who helped pioneer the financial guarantee industry, has died of pneumonia.William O. Bailey, the former president, 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. and vice chairman of health insurer Aetna Inc. and the former chief executive officer and chairman of MBIA MBIA Montana Building Industry Association MBIA Municipal Bond Insurance Association MBIA Michigan Boating Industries Association MBIA Municipal Bond Investors Assurance MBIA Massachusetts Brain Injury Association MBIA Maryland Business Incubation Association Inc., who helped pioneer the financial guarantee industry, has died of pneumonia. He was 78. Bailey was Aetna's president and COO from 1976 to 1987 and the company's vice chairman from 1987 to 1988. Bailey most recently was chairman, 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. and president of Terra Nova Holdings in Bermuda and Terra Nova Reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. Ltd., London. |
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