Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
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Sep 6 2010 // Last month, InsuranceJournal.com published a New York Times report that a Major League Baseball investigation into leaked financial documents had become focused on insurance companies that do business with clubs. The Times...
CNA Appoints Stegemiller Commercial Underwriting Officer for San Francisco
Aug 25 2010 // James Stegemiller has been appointed Commercial Underwriting officer for CNA’s San Francisco territory. In this role, Stegemiller will work collaboratively with branch vice presidents and business development leaders...
PPIG Acquires Priority Insurance Underwriters
Aug 23 2010 // Pacific Pioneer Insurance Group, the parent company of UCA General Insurance and Pacific Excess Insurance, has acquired Priority Insurance Underwriters. Located in Arizona, PIU is a wholesale broker that does business...
U.S. Risk Names Mullens VP, Senior Underwriter
Aug 20 2010 // U.S. Risk Insurance Group Inc. named Mike Mullens a vice president and senior underwriter in the U.S. Risk Underwriters Inc. Dallas office. Mullens will head up the U.S. Risk newly formed social services program...
Argo Group Appoints Fleischer as E&S Segment Chief Underwriting Officer
Aug 20 2010 // The Excess and Surplus Lines segment of Argo Group International Holdings, Ltd. has appointed Michael Fleischer as E&S segment chief underwriting officer. Fleischer will work closely with E&S segment businesses...
People
Aug 16 2010 // Insurance brokerage Marsh appointed Ron Marx as a senior vice president in its San Diego office. Marx brings 30 years of risk management and insurance experience to Marsh. He joins the company from Willis, where he led the...
People
Aug 16 2010 // Insurance brokerage Marsh appointed Ron Marx as a senior vice president in its San Diego office. Marx brings 30 years of risk management and insurance experience to Marsh. He joins the company from Willis, where he led the...
Petersen International Underwriters Expands Medicare Bridge Plan
Aug 11 2010 // Petersen International Underwriters main product line up, the Bridge Plan, is now renewable annually without any additional health qualifications on each anniversary date. “This plan is now guaranteed to renew...
Markel Underwriting Loss Tied to Chile Earthquake, Deepwater Horizon
Aug 9 2010 // Specialty insurance company Markel Corp. reported that its combined ratio for the second quarter of 2010 was 103 percent, compared to 99 percent for the second quarter of 2009. The combined ratio was 102 percent for the...
Berkshire Hathaway Profit Down on Derivatives But Insurance Way Up
Aug 9 2010 // Warren Buffett’s Berkshire Hathaway Inc. said Friday second-quarter profit fell 40 percent, as declining stock prices depressed the value of his derivative contracts. Operating profit nevertheless soared 73 percent,...
U.S. Captive Insurers’ Underwriting Income Drops; Investments Improve
Aug 9 2010 // Net income doubled in 2009 over 2008 for a composite of 195 U.S. captive insurers followed by A.M. Best Co., driven by the recovery of the industry’s investments. Realized capital gains totaled $82 million for 2009,...
San Diego Underwriters Society Names Officers
Aug 9 2010 // The San Diego Chapter of the Chartered Property Casualty Underwriters (CPCU) Society installed new 2010-2011 officers and directors. Officers include: President Susan McFarland of Cavignac & Associates; President Elect...
Great American Unveils Commercial Surety Online Underwriting System
Aug 5 2010 // The Bond Division of Great American Insurance Group, headquartered in Cincinnati, Ohio, announced the launch of mySurety, a commercial surety online underwriting and bond issuance system, a Web-based platform for agents to...
Monarch E&S Names Perry Senior Commercial Underwriter
Aug 5 2010 // Monarch E&S Insurance Services has hired Debbie Perry as a senior commercial underwriter to work out of its new Arizona office. She will write business in Arizona, Nevada and Hawaii. Perry started in the insurance...
Investors Seek Oil Firms’ Safety Plans, Insurers’ Underwriting Plans
Aug 5 2010 // In the wake of the BP oil disaster, more than 50 U.S. and other environmentally-active global investors have sent letters to major energy companies asking them to disclose information on their spill prevention and response...
Utilities Market Still Softening Despite ‘Mega’ Claims: Willis
Aug 4 2010 // Insurance rates in the power sector are expected to soften further in 2010, despite the existence of many of the conditions that would normally presage a hardening market, according to the latest Power Market Review from...
Schmidt Named CEO for Catlin Europe Reinsurance, New Switzerland Unit
Aug 3 2010 // Specialty insurer and reinsurer Catlin Group Limited has appointed Peter Schmidt as chief executive officer for European Reinsurance. He will also serve as CEO of Catlin Re Switzerland, which subject to regulatory approval...
People
Aug 2 2010 // Thomas Allan has joined Boston-based Richards Robinson Sheppard Insurance as vice president. Allan specializes in construction accounts and has over 35 years of experience in the industry. Prior to joining Richards...
People
Aug 2 2010 // Stephen M. Franz was named senior vice president of Dallas-based managing general agency and wholesale broker Capstone Underwriters LLC. Franz has been with Capstone since 2004. Prior to Capstone, he held positions at all...
Torus Targets New Business in Europe with Executive Appointments
Jul 29 2010 // Torus Insurance is “continuing the rollout of its Continental European operation,” notes a company bulletin. It announced the appointment of Esther Fittinghoff as Professional Lines Manager and Kurt Fleischmann...
