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Nichols Resigns as AXIS Re’s CEO; Ekberg Named Interim Head of Reinsurance
Bermuda-based AXIS Capital Holdings Ltd. announced that John “Jay” Nichols has resigned from his position as chief executive officer of AXIS Re. Nichols has agreed to remain with the company in a transitional role until March 31.
AXIS has named Jan Ekberg to succeed Nichols as interim CEO of AXIS Re. Ekberg, who has been with the company since 2004, currently serves as president and chief underwriting officer of AXIS Re Europe and will report directly to AXIS Capital President and Chief Executive Officer Albert Benchimol.
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Greenberg Fights New York AG’s Spin on Reinsurance Saga
Almost a dozen years ago, then-New York Attorney General Eliot Spitzer filed a fraud lawsuit against former American Insurance Group Inc. CEO Maurice “Hank” Greenberg over two reinsurance transactions that purportedly gave an improper boost to the company’s financial statements.
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Greenberg, New York AG Settle Long-Running Reinsurance Dispute
Ex- American International Group Inc. Chief Executive Officer Maurice “Hank” Greenberg admitted to taking part in two deals to make the insurer’s financial condition look better than it was as part of a $9.9 million settlement with New York that has dragged out for almost a dozen years, the state’s top lawyer said.
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Nichols Resigns as AXIS Re’s CEO; Ekberg Named Interim Head of Reinsurance
Bermuda-based AXIS Capital Holdings Ltd. announced that John “Jay” Nichols has resigned from his position as chief executive officer of AXIS Re. Nichols has agreed to remain with the company in a transitional role until March 31.
AXIS has named Jan Ekberg to succeed Nichols as interim CEO of AXIS Re. Ekberg, who has been with the company since 2004, currently serves as president and chief underwriting officer of AXIS Re Europe and will report directly to AXIS Capital President and Chief Executive Officer Albert Benchimol.
- Read full article
- Comments(0) To comment, please Sign In
Greenberg Fights New York AG’s Spin on Reinsurance Saga
Almost a dozen years ago, then-New York Attorney General Eliot Spitzer filed a fraud lawsuit against former American Insurance Group Inc. CEO Maurice “Hank” Greenberg over two reinsurance transactions that purportedly gave an improper boost to the company’s financial statements.
- Read full article
- Comments(0) To comment, please Sign In
Greenberg, New York AG Settle Long-Running Reinsurance Dispute
Ex- American International Group Inc. Chief Executive Officer Maurice “Hank” Greenberg admitted to taking part in two deals to make the insurer’s financial condition look better than it was as part of a $9.9 million settlement with New York that has dragged out for almost a dozen years, the state’s top lawyer said.
- Read full article
- Comments(0) To comment, please Sign In