Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
People
Sep 7 2009 // Markel Corp. has promoted Henry Lopez to president for Markel Midwest. Lopez has served as executive vice president for the Midwest region since November 2008. He joined Markel in 1995 as a financial analyst and has held a...
Best Affirms Catlin Group’s ‘A’ Ratings
Sep 2 2009 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” of the Bermuda-based Catlin Insurance Company Ltd (CICL), Catlin Insurance Company...
Three CGL Endorsements Every Insured Should AVOID
Aug 20 2009 // Endorsements to the commercial general liability (CGL) policy are highly specialized. A high percentage are either exclusionary or extend protection to distinct classes of additional insureds. Most of the remaining...
Specialty Risk Associates Is Expanding Management Team
Aug 20 2009 // Louisiana-based insurance wholesaler, Specialty Risk Associates Inc., announced several changes to its management team that will become effective Sept. 1. Thomas Garland was named chief operating officer. Garland joined...
Moore and Johnson Join Dallas Office of Swett & Crawford
Aug 18 2009 // The Dallas office of Swett & Crawford has added Eric Johnson and Ryan Moore to its team of insurance professionals. Johnson joins as an underwriter with Swett & Crawford’s Dallas contract unit. He has 21...
Markel International Names Leach Contingency Underwriter
Aug 18 2009 // London-based Markel International has appointed James Leach as contingency underwriter to develop its diverse specialty division. He joins Markel from Sirius International where he worked for two years becoming assistant...
Zurich Makes Two Executive Appointments
Aug 13 2009 // Zurich Financial Services Group (Zurich) has appointed Alan Fairhead (50, British citizen), currently chief underwriting officer for Global Corporate, to the position of chief underwriting officer for Europe General...
ProMutual Names Zorola as Vice President of Underwriting
Aug 11 2009 // ProMutual Group has promoted José R. “Joe” Zorola to vice president of underwriting. Zorola previously served as director of underwriting for the Boston-based medical liability insurer. In this new capacity,...
Markel International Names Ashby as Specie Underwriter
Aug 11 2009 // Markel International has appointed Robert Ashby as specie underwriter to boost its marine and energy division. Ashby has worked for nearly a decade in specie underwriting. Most recently, he spent six years at QBE where he...
Fireman’s Fund Adds Schmickle as Music Underwriting Director
Aug 10 2009 // Novato, Calif.-based Fireman’s Fund Insurance Co. is enhancing its Entertainment division with the addition of Jerid Schmickle, who specializes in assessing the risks of touring musical artists and their concert...
Delos and Avoca Launch Underwriting Partnership
Aug 10 2009 // Delos Insurance Group and Avoca Insurance Holdings have launched a joint venture focused on underwriting excess and specialty lines. The newly formed, Boston-based underwriting management company will be known as Naxos...
Arkansas Details Obligations for P/C Insurance Providers
Aug 6 2009 // The Arkansas Insurance Department has posted directives on its Web site that detail compliance requirements for property casualty insurance providers in that state. The insurance department noted that while Arkansas state...
Financial Institutions’ Insurance Prices Still Going Up, Says Willis
Aug 5 2009 // Financial institutions faced an average premium hike of 15 percent in the second quarter of 2009, as insurers seek to make up for underwriting losses resulting from a deluge of credit crunch-related Professional Indemnity...
Great American Expands Underwriting to Include Single Entity Captives
Aug 5 2009 // Cincinnati, Ohio-based Great American Insurance Group announced that its Alternative Markets Division has expanded its underwriting to include single entity captives. Highlights of Great American’s single entity...
NetRate Systems Delivers Commercial Lines Rating System to Trinity Underwriting Managers, Inc.
Aug 4 2009 // Okemos, MI., August 4 2009 – NetRate Systems, Inc. (Okemos, MI) is pleased to announce implementation of the NetRate Commercial Lines Rating System at Trinity Underwriting Managers, Inc., of Pooler, GA. Trinity...
Cohen Joins New Day Underwriting Managers in Atlanta
Aug 4 2009 // New Day Underwriting Managers has appointed Mitch Cohen assistant vice president. He has 27 years of experience as a structural engineer and construction manager, environmental contractor, environmental consultant and...
Markel International Appoints Drake as Underwriter in Singapore
Aug 3 2009 // Markel International Limited has appointed Tom Drake as underwriter in its Singapore branch. The appointment will help Markel to develop facultative and treaty business in the property sector. Drake has more than 30...
Investments Hurt Some U.S. Captives But Underwriting Income Up Overall
Aug 3 2009 // U.S. captive insurers’ net income declined approximately 66 percent in 2008 for a composite of 186 captive companies represented in an A.M. Best Co. special report. This reflects realized losses of $1.2 billion for...
Travelers Earnings Fall 20% in Q2; Net Premiums Down Slightly
Jul 30 2009 // Travelers Cos. Inc. said on Thursday that second quarter earnings fell about 20 percent on lower investment income and underwriting profit. An increase in premium levels helped Travelers’ net policy sales keep pace...
Houston Joins Griffin Underwriting Services in Oregon
Jul 27 2009 // Griffin Underwriting Services of Bellevue, Wash., has added John Houston as a property/causalty underwriter in the company’s Portland, Ore., office. In this position, Houston will be responsible for underwriting and...
