NICK PEARSON, a New York-based partner in the Insurance and Reinsurance Department of the international law firm Edwards Wildman, has been elected president of the Insurance Federation of New York Inc. A director of the IFNY for 10 years, Pearson served as president-elect in 2011 and began his one-year term on December 15.
IFNY membership includes leaders from all segments of the New York insurance industry. Since 1913, it has served as a forum for the entire industry for the consideration of issues of mutual concern. Its membership includes life and P&C insurers, agents, brokers, law firms and consultants. IFNY is a not-for-profit corporation and does not engage in lobbying. Its board includes four former New York Superintendents of Insurance.
Related Coverage Target Markets Survey Shines Light on Programs Coverage (11/02/11) Lighter Headwinds Buffet Brokers in Third Quarter (11/03/11) Honoring Worker Safety and Injury Prevention (11/01/11) 12 Executives to Watch in 2012 (12/01/11) Consumed With Risk (12/01/11) Pearson has represented U.S. and foreign insurers, reinsurers and producers since 1977. He has broad insurance regulatory, transactional and arbitration experience. He has lectured on insurance and reinsurance in the United States, England and Bermuda, and he has contributed to legal treatises. His articles have frequently appeared in leading international insurance publications.
Ironshore Inc. announced that PAUL S. GIORDANO, executive vice president, general counsel and secretary, has been named the co-chair of the Financial Services Policy Committee at The New England Council based in Boston, where Ironshore's U.S. group headquarters are located. Giordano will serve with Jim Febeo, senior vice president of government relations at Fidelity Investments, in leading the committee's mission to identify and support policies that promote the financial services sector in New England.
Giordano has a breadth of experience in the financial services sector, primarily in the global insurance industry. Prior to joining Ironshore in 2009, he was CEO and deputy chairman of Security Capital Assurance and held various leadership positions with XL Capital Ltd. Giordano serves as a senior advisor to the Committee on Capital Markets Regulation, an independent research organization dedicated to improving the regulation of U.S. capital markets.
"The New England Council has been honored to count Ironshore among our members for many years.Paul's extensive experience in the financial services sector here in our region will no doubt make him a tremendous asset to our Financial Services Policy Committee.His leadership as a co-chair will be instrumental as we continue to monitor the impact of financial industry reform during this period of unprecedented economic market challenges," said James T. Brett, president and CEO of The New England Council.
Zurich Financial Services Group announced that JEFF DAILEY was appointed to a member of the Group Executive Committee. He was president and chief operating officer of Farmers Group Inc. and became its CEO in January.
Dailey joined Farmers in 2007 as president of personal lines for Farmers when Farmers acquired Bristol West Holdings, where he served as Bristol West CEO. In January 2011, he was promoted to president and chief operating officer, and at the same time it was announced that he would become the new CEO of Farmers upon Bob Woudstra's retirement.
Zurich's Chief Executive Officer, Martin Senn said, "we are delighted to welcome Jeff in the Group Executive Committee. His 30 years of experience in the insurance industry as well as his strategic vision, proven track record and personal commitment make him a valuable addition to our senior management team. I would also like to thank Bob Woudstra for his valued contributions during his nearly 40 years of dedicated service with Foremost, Farmers and Zurich. I wish him and his family the very best in his retirement."
January 17, 2012
Copyright 2012© LRP Publications
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