Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
How P/C Insurance Industry Fared Financially in 2010
Apr 20 2011 // U.S. property/casualty insurers’ net income after taxes rose to $34.7 billion in 2010 from $28.7 billion the year before, with insurers’ rate of return on average policyholders’ surplus increasing to 6.5...
Alterra Announces Reinsurance Role Changes and Promotions
Apr 20 2011 // Bermuda-based Alterra Capital Holdings Limited announced several role changes and promotions that will affect its corporate and reinsurance operations, including the appointments of Greg Richardson as Executive Vice...
JW Wrobel & Associates Adds Innocent as Senior Underwriter
Apr 19 2011 // Irving, Texas-based JW Wrobel & Associates LLC has hired Kate Innocent as senior underwriter. Innocent will specialize in marketing, underwriting and placing small to medium surplus lines accounts for retail agencies...
SCF Arizona Names Williams Underwriting VP
Apr 19 2011 // SCF Arizona, the state’s largest provider of workers’ compensation insurance, has named Noel A. Williams vice president of underwriting. Williams hasextensive property and casualty experience in commercial...
Lloyd’s Insurer Sportscover Expands; Blunt to Underwrite Bloodstock
Apr 19 2011 // Lloyd’s insurer Sportscover has taken another step in its plans for expansion with the announcement that it has appointed a “highly respected Bloodstock underwriter, Robin Blunt.” He has been in the...
The Frequency Effect: An Easy Way to Make Your Ads More Memorable
Apr 18 2011 // Increased frequency = increased recall. That’s the frequency effect. Let’s look at some concrete examples. Each year, Insurance Journal magazine hires a third party research firm to conduct a “Recall and...
People
Apr 18 2011 // American International Group Inc. (AIG) reorganized Chartis, its global property/casualty business, and named a new management team. Among the changes was a new CEO, Peter D. Hancock, currently AIG executive vice president...
P/C Industry Depends Too Much on Catastrophe Models, Says Pioneer Clark
Apr 14 2011 // Catastrophe models are a great risk management tool for property/casualty insurers but even the person who created the first one is worried that they are being given more credit and influence than they deserve. Karen Clark...
Western Heritage Insurance Names Washington as Underwriting VP
Apr 13 2011 // Western Heritage Insurance Co., based in Scottsdale, Ariz., has appointed Anthony Washington as vice president of Underwriting. Washington will lead all underwriting operations, including the Contract and Programs teams,...
Appalachian Underwriters Buys Reliance Administrators of South Carolina
Apr 8 2011 // Tennessee-based wholesale insurance broker Appalachian Underwriters Inc. has obtained the assets of Reliance Administrators, Inc., a Rock Hill, South Carolina wholesaler that specializes in workers’ compensation,...
K&B Underwriters Enhance, Rebrand Senior Living Program
Apr 4 2011 // K&B Underwriters, LLC, an insurance program administrator, has enhanced its senior living program and rebranded the program as DigniCARE Risk Solutions. The enhancements include a new A.M. Best “A+” rated...
How to Find Cyber Insurance for the Uninsurable
Apr 4 2011 // The University of California (UC) has redefined the rules of cyber liability insurance, using an approach that the University’s Chief Risk Officer Grace Crickette calls “reverse underwriting.”...
People
Apr 4 2011 // Ohio-based Westfield Insurance promoted Joseph C. Kohmann to group finance leader (CFO) and treasurer. He replaces Robert Krisowaty, who retires with more than 10 years of service. In July 2010 Kohmann assumed the position...
Underwriters Address Political Risk Exposures in Wake of Crisis
Apr 4 2011 // The civil and political unrest in Egypt and other parts of the Middle East and North Africa have brought to light how vital political risk coverage is — regardless of the country in which a company has operations. Roger...
Increase in Temporary Staffing Business Signals Economic Recovery
Apr 4 2011 // For many businesses, 2010 was a year of transition. Companies began to pickup the pieces of the economic downturn and were cautiously optimistic by bringing on temporary staff to help, rather than hire permanent employees....
GCube Makes Expands Underwriting and Business Development Team
Apr 1 2011 // Newport Beach, Calif.-based GCube has announced that Michael Durning has been named executive vice president of client relations and business development, and Al Caceres has been named senior vice president of underwriting...
K&K Hires New Staff for K-12 Student Accident Program
Mar 30 2011 // K&K Insurance, a division of Aon Underwriting Managers and a managing general underwriter offering insurance products and services to the sports, leisure and entertainment industries, has hired two new underwriters to...
High-Risk Properties Require Higher Level of Care
Mar 21 2011 // High-risk property is a location that is inherently dangerous due to the nature of its operations or that is exposed to powerful forces of nature such as hurricanes, earthquakes, and floods. Insuring against these...
Alterra at Lloyd’s Appoints Abrahams Sr. Property Underwriter
Mar 21 2011 // Bermuda-based Alterra Capital Holdings Limited has announced the appointment of Mark Abrahams as Property Insurance Underwriting Manager for Syndicate 1400 at Alterra at Lloyd’s Limited. He has more than 15 years of...
Increase in Temporary Staffing Business Signals Economic Recovery
Mar 21 2011 // For many businesses, 2010 was a year of transition. Companies began to pick up the pieces of the economic downturn and were cautiously optimistic by bringing on temporary staff to help out rather than hire permanent...
