The former chief executive officer and founder of Eli Global and Global Bankers Insurance Group was sentenced Tuesday to 12 years in prison for a vast, $2 billion insurance fraud operation that bankrupted numerous insurance companies and cheated thousands of insurance policyholders.
Insurance
Posted inBest Practices
Why risk fluency defines great leadership
Every leadership decision is ultimately a risk decision — whether leaders explicitly frame it that way or not.
Posted inRisk Management
Rethinking war risk in an era of persistent conflict
For many organizations, “war risk” still sounds like a niche concern, something reserved for defense contractors, energy companies, or humanitarian organizations operating near active conflict. Over the past several years, that assumption has quietly eroded, particularly for the insurance industry.
Posted inInsurance
Incline P&C Group appoints risk chief
Incline P&C Group, a property and casualty insurance program market services firm, announced the appointment of Sheel Patel as chief risk and strategy officer.
Posted inInsurance
Liberty Mutual Insurance names CCO
Liberty Mutual Insurance announced that Nicole Arangio has been named executive vice president and chief compliance officer, effective Apr 1.
Posted inInsurance
Boston Mutual Life Insurance promotes legal chief to president, COO
Boston Mutual Life Insurance Company announced that General Counsel & Secretary Grant Ward, Sr., JD, has been named president and chief operating officer, effective Jan. 1.
Posted inInsurance
Liberty Bankers Insurance appoints compliance, legal chief
Liberty Bankers Insurance Group announced Lori Ann Fox as the new senior vice president, chief compliance and legal officer.
Posted inInsurance
Somerset Reinsurance appoints risk chief
Somerset Reinsurance announced the appointment of Riley LaTour as chief risk officer.
Posted inInsurance
AIG appoints chief risk officer
American International Group announced that Christopher Schaper has been appointed chief risk officer.
