Merger maven.(CEO CHRONICLES)

Chief Executive (U.S.),  July, 2007  by Pellet, Jennifer

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Combining two companies is tough enough, but what happens when you've got to bring three entities together? That's the challenge Shivan S. Subramaniam faced when he and two other insurance company CEOs opted to merge their firms in 1999.

When the dust settled, Subramaniam found himself the newly minted CEO of Johnston, R.I.-based property insurer FM Global--an amalgamation of Allendale Mutual Insurance, Arkwright Mutual Insurance, Protection Mutual Insurance and their jointly owned engineering and research affiliate, Factory Mutual. Complicating matters was the fact that each of ...

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