SEC Sues VW, Ex-CEO over Diesel Emissions Scandal, Alleging Massive Investor Fraud

Article 0 Comments The U.S. Securities and Exchange Commission (SEC) is suing Volkswagen (VW) and its former chief executive Martin Winterkorn over the German automaker’s diesel emissions scandal, alleging a “massive fraud” on U.S. investors. VW was caught using illegal software to cheat U.S. pollution tests in 2015, triggering a […]

Once Voted SocGen’s Woman of the Year, Former Exec Sues for $6M After Firing

Article 0 Comments A veteran executive who was voted woman of the year at Societe Generale SA is suing the bank at a Paris employment tribunal after colleagues accused her of being a disrespectful control-freak and her bosses decided she was unfit for management. Zeina Bignier, SocGen’s former head of […]

Wells Fargo CEO Grilled at Congressional Hearing Probing Customer Abuse Scandal

Article 0 Comments Democratic and Republican lawmakers pressed Wells Fargo & Co Chief Executive Tim Sloan for proof that the bank has moved past a string of customer abuse scandals at a tense hearing in Congress on Tuesday. Sloan is the first bank executive to be grilled by the House […]

Liberty Mutual Names Hovenagle Wholesale Distribution Executive West

Article 0 Comments Tara Houvenagle has been named wholesale distribution executive for the West at Liberty Mutual Insurance. She is based in St. Louis. The wholesale distribution team – in close collaboration with Liberty and Ironshore’s wholesale underwriting units – is focused on developing innovative, dedicated products to serve the […]

Liberty Mutual Names Ferguson as Wholesale Distribution Executive East

Article 0 Comments Liberty Mutual has named Jessica Ferguson as wholesale distribution executive in the East region within its Global Risk Solutions unit. She will join the leadership team led by Ben Johnson, wholesale distribution executive for North America, who is responsible for overseeing the development and placement of products […]

UK’s Aviva Names Company Veteran, Tulloch, as CEO – After 5-Month Search

Article 0 Comments After a five-month search for a new chief executive officer, UK’s Aviva plc has promoted a company veteran, Maurice Tulloch, to the position, effective immediately. Tulloch joined Aviva in 1992 and was most recently chief executive officer International Insurance (January 2017 to present) and chairman of Global […]

Brazil Prosecutors Seek Arrest of Vale Executive after Tailings Dam Disaster

Article 0 Comments Brazilian federal prosecutors are seeking the arrest of a Vale SA senior executive, authorities said on Friday, following the collapse of a dam holding mining byproducts that is believed to have killed over 300 people. This is the first time that prosecutors are seeking to detain a […]

SCOR Names Conoscente CEO of SCOR Global P&C, Succeeding Peignet

Article 0 Comments SCOR announced the appointment of Jean-Paul Conoscente, currently chief executive officer of reinsurance at SCOR Global P&C, as CEO of SCOR Global P&C. This appointment follows Victor Peignet’s decision to retire for personal reasons, after 35 years with the SCOR group. Conoscente will also join the group’s […]

SCOR CEO Kessler Warns: Activist Fund Criticisms of Covea Tactics Constitute Slander

Article 1 Comments French reinsurer SCOR’s Chief Executive Denis Kessler said on Tuesday that criticism made by activist fund CIAM over his handling of a merger proposal constituted slander. In an open letter released on Monday, CIAM’s president Catherine Berjal had questioned whether Kessler intended to protect his personal interests […]

Ironshore Names Hartley U.S. Program Business Leader; Appoints Sharis Director

Article 0 Comments Ironshore Specialty Casualty has announced executive appointments to oversee the Programs business unit in the U.S. Casey Hartley has been named senior vice president, head of Programs. Hartley will oversee the development, marketing and distribution of programs lines, working with programs administrators across Ironshore’s underwriting platforms in […]