Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Florida-based IBSL Hires Page as Marketing Underwriter
Aug 28 2008 // Steven A. Page joined Lakeland, Florida-based IBSL (formerly known as International Brokerage & Surplus Lines) as a marketing underwriter for non-trucking lines. Page comes to IBSL from Brown & Brown, where he...
Surplus Lines Results Remain Strong, Despite Heightened Competition
Aug 26 2008 // Surplus lines insurers continued to outperform the property/casualty industry in underwriting and operating performance in 2007, despite the softening market and more aggressive competition. Heightened competition along...
Western Marine Insurance Services Hires Olmstead as VP of Programs Underwriting
Aug 26 2008 // Stockton, Calif.-based Western Marine Insurance Services appointed Scott Olmstead vice president of programs underwriting of the Aquapac Plus recreation marine package programs. He will be responsible for managing the...
Jessica M. Frankovich
Aug 21 2008 // Indiana Insurance, a Liberty Mutual Agency Markets regional company, appointed Jessica M. Frankovich as Inland Marine underwriting manager. Frankovich will be based in Indiana Insurance’s Illinois regional office and...
Cindy Downs
Aug 21 2008 // Dallas-based wholesale insurance broker and managing general agent Towerstone Inc. has added four new members to its team. Cindy Downs was added as a senior underwriter in the firm’s MGA unit. Downs formerly was a...
Underwriter Reinsurance Co. Ordered to Stop Selling Insurance in Okla.
Aug 19 2008 // Oklahoma Insurance Commissioner Kim Holland has ordered Underwriter Reinsurance Co., also known as The Underwriter Group, to refrain from selling unlicensed, unauthorized insurance in her state. The Oklahoma Insurance...
S&P Releases New Lloyd’s Syndicate Financial Assessments
Aug 15 2008 // Standard & Poor’s Ratings Services has announced the results of its latest public information Lloyd’s Syndicate Assessment (LSA) review, which considered the 2007 syndicate financial statements and...
Specialty Underwriters’ Alliance Reports 2nd Quarter Results
Aug 8 2008 // Chicago-based Specialty Underwriters’ Alliance, Inc. today aannounced financial results for the 2nd quarter ending June 30, 2008. Highlights include: — Net income for the second quarter of 2008 was $2.3...
R.E. Chaix & Associates Napa Hires Hughes as Underwriter
Aug 5 2008 // R.E. Chaix & Associates announced that Ronald “Ron” Hughes has joined the Northern California underwriting team in Napa. Hughes began his insurance career in 1977 at Fireman’s Fund and has worked...
People
Aug 4 2008 // Richard “Dick” Reynolds, former chairman and executive director of the Texas Workers’ Compensation Commission, was presented the Raymond Mauk Leadership Award at the Insurance Council of Texas’ 16th...
People
Aug 4 2008 // Aon Re Global named Jan-Oliver Thofern CEO and chairman of its German subsidiary, Aon Ruck. Thofern was previously a member of the company’s executive committee. He succeeds Holger Gaserow, who plans to retire at the...
Underwriters Exercise XL Options
Aug 1 2008 // XL Capital announced that the underwriters exercised their options to purchase an additional 18,750,000 ordinary shares and an additional 3,000,000 equity security units in connection with XL’s previously announced...
Genesis Underwriting Promotes 3 Execs: Eaton, Williams, Hogan
Jul 31 2008 // Genesis Underwriting Management Co. in Stamford, Conn. has named Jill L. Eaton to be manager of the Public Entity Division. Eaton will also continue to lead the division’s Western Region. The Public Entity Division...
Sierra Specialty Appointed Exclusive Underwriter for Topa Insurance Company’s Growers’ Service Insurance Program
Jul 31 2008 // Clovis, CA, July 31, 2008 – Topa Insurance Company, headquartered in Los Angeles, CA is an admitted property and casualty specialty insurer writing personal lines, commercial lines and programs. Topa has partnered...
Premiums, Net Income Decline for Safeco in Q2
Jul 29 2008 // Seattle, Wash.-based Safeco’s net income dropped nearly $37 million in the second-quarter 2008 over the same time period in 2007, the company reported today. For the second-quarter 2008, Safeco posted net income of...
New Day Underwriting Promotes Slivka and Farrell
Jul 29 2008 // Bordentown, New Jersey-based New Day Underwriting Managers has promoted Jeffrey Slivka to executive vice president and Timothy Farrell to senior vice president of sales. Slivka, who previously served as senior vice...
Topa Insurance Promotes Dultz to Underwriting Manager
Jul 23 2008 // Topa Insurance Co. has promoted Bob Dultz to underwriting manager, commercial casualty. Dultz has more than 30 years of experience in all casualty lines, including both primary and excess general liability coverage....
People
Jul 21 2008 // Indiana Insurance, a Liberty Mutual Agency Markets regional company, appointed Jessica M. Frankovich as Inland Marine underwriting manager. Frankovich will be based in Indiana Insurance’s Illinois regional office and...
A.M. Best Affirms ‘A’ Rating of Lloyd’s
Jul 14 2008 // A.M. Best Co. has affirmed the financial strength rating of A (Excellent) and issuer credit rating of “a+” of Lloyd’s of London and Lloyd’s Reinsurance Co. (China) Limited. A.M. Best said it...
Axis CEO Sees Insurers’ Returns Eroding; Plans Axis Expansion
Jul 9 2008 // John Charman, chief executive of Bermuda-based Axis Capital says insurers are caught between softening policy rates and volatile investment markets, a situation he expects to hurt returns. “You could make the case...
