9 insurance CEOs who were fired or decided to step down
Polish insurance company PZU Group announced that its supervisory board had dismissed its chief executive, Michal Krupinski. Just like that. Feeling Deja Vu? Recall 9 insurance CEOs who were fired or decided to step down .
(1) Michal Krupinski of Polish insurer PZU Group
(2) John Stumpf of Wells Fargo
Wells Fargo CEO John Stumpf retired late last year due to the bank’s fake accounts scandal.
(3) Peter Hancock of AIG
Peter Hancock announced last week that it would step down as AIG CEO once a new successor is found.
(4) Bart Hedges of Greenlight Re
Last year Bart Hedges announced he would be leaving the hedge fund backed reinsurance firm Greenlight Re in March 31st 2017. He assumed the role of CEO since 2011.
(5) Kevin Chidwick of Elephant Insurance
Earlier this month it was announced that Kevin Chidwick who has led Elephant since 2012 will be stepping down and that Henry Engelhardt, the cofounder and former CEO of Elephant’s UK-based parent company, Admiral, will take over.
(6) Mario Greco of Generali
Last year Mario Greco left Generali to return to Zurich.
(7) Lance Tay of Tokio Marine
Lance Tay of Tokio Marine Life Insurance Singapore stepped down on May 31, last year.
(8) Brad Wilson of Blue Cross Blue Shield
Blue Cross Blue Shield of North Carolina CEO Brad Wilson announced last month that he plans to retire from the company later this year.
(9) Anup Rau of Reliance Nippon Life Insurance
Reliance Life Insurance CEO Anup Rau quit last year citing “differences over business goals”.