Fung, Amanda, American Banker
The Hartford has announced that three executives -- David Robb, Raymond Sprague, and Richard Collier -- will fill newly created posts in its business units next month.
Mr. Robb, 53, an executive vice president, will become the head of its Heritage Holdings Group, which owns and manages all of The Hartford's discontinued property/casualty policies. He will continue to oversee the $165.5 billion-asset company's reinsurance, catastrophe management, and corporate risk management operations, as he has done since 1998.
He joined The Hartford in 1976 as a legislative attorney.
Mr. Sprague, 43, a senior vice president, will become an executive vice president and the head of HartRe, the company's reinsurance unit. He will relinquish the job he has had since 1998, running Hartford Specialty's risk management division since 1998. Before that he had been the staff assistant to Hartford Specialty's chairman.
He joined the company in 1985 as a director in the specialty excess unit.
Mr. Collier, 54, a senior vice president, will succeed Mr. Sprague as the head of Hartford Specialty's risk management division. He will continue to be Hartford Specialty's director of specialty casualty, a job he has held since 1994.
He joined Hartford Specialty in 1972 as an account executive.
American International Group Inc. in New York has hired Scott A. Levine as the senior vice president in charge of strategic risk initiatives, particularly the AIG companies' increasing activities in structured finance, risk finance, and surety areas in this country and abroad.
He was the president and chief executive officer of Zurich Centre Group, a business unit of Zurich Financial Services Group. He had joined Zurich last year when Chase Manhattan Corp. bought J.P. Morgan & Co., whose strategic planning and cost restructuring group he had led.
Before that he had been the head of mergers and acquisitions at Morgan. …