Saul Steinberg resigned on May 1 as chairman of Reliance Group Holdings Inc. and its Philadelphia subsidiary, Reliance Insurance Co.
According to the Associated Press, a spokeswoman for the Pennsylvania Department of Insurance confirmed that both Steinberg and an interim CEO of Reliance Insurance George Baker had resigned.
Two years ago, Steinberg resigned as Reliance CEO. In April 2001, Pennsylvania appointed David S. Breitling to oversee the company. Howard Steinberg, no relation to Saul Steinberg, was named acting president of Reliance.
It was indicated that permanent replacements for Steinberg and Baker had not yet been named.
Was this article valuable?
Here are more articles you may enjoy.
Tropical Storm Watches Posted Across Florida’s Panhandle Region 
US P/C Industry Books Best Result in a Decade but Not All Lines Enjoy Success 
Chubb Q2 Net Income Down 3.8% on ‘Overly Soft’ Large Account, E&S Property 
Walmart Removes Four Taylor Farms Salads as Recalls Spread 
