Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
The Gibraltar Group Names New Chairman, President, Underwriting VP
Jul 8 2008 // The Gibraltar Group, a full-service insurance firm based in Lubbock, Texas, announced that Brandt Beal has been promoted to president of the firm and Ralph Beal has been designated as chairman of the company’s board...
Bunker Hill, Shel-Ray Underwriters Founders Retiring; Agencies to Merge
Jul 8 2008 // Ray L. Thomas and Sheldon I. Oster, founders of Houston-based Bunker Hill Insurance Agency Inc. and Shel-Ray Underwriters Inc., are retiring. L. Byron Way, currently executive vice president of Bunker Hill, has been named...
Allied American Underwriters Launches High Value Home Insurance Program
Jul 7 2008 // Allied American Underwriters (AAU), a national program manager headquartered in Tampa, Fla., has introduced a high value homeowners program that is available on a national basis. The program’s values start at...
People
Jul 7 2008 // The National Association of Professional Insurance Agents (PIA) has announced the promotion of Mike Becker to director of federal affairs. Since joining PIA, Becker has managed the day-to-day responsibilities associated...
People
Jul 7 2008 // Richmond, Va.-based insurance broker Hilb Rogal & Hobbs Co. promoted F. Michael Crowley to president and chief operating officer. As president, Crowley has been responsible for HRH’s retail operations. In the...
Ariel Re Makes Executive Appointments
Jul 3 2008 // Bermuda-based Ariel Reinsurance Company Ltd. has announced the following executive appointments: — George Rivaz has been named Chairman of Ariel Re. He will also continue in his current role as Chairman of Atrium...
Chicago’s Specialty Underwriters Again Rejects Buyout Bid by Hallmark
Jul 2 2008 // Chicago-based Specialty Underwriters’ Alliance, Inc. (SUAI) today announced that it has responded to a letter, dated July 1, 2008, from Hallmark Financial Services, Inc. (“Hallmark”) in which Hallmark...
Ironshore to Buy Lloyd’s Pembroke; Best Sees No Rating Change
Jul 1 2008 // Ironshore Inc. announced from Bermuda that it has signed a sale and purchase agreement with Chaucer Holdings PLC and the management of Pembroke for the £17 million ($34 million) cash purchase of Pembroke Managing...
Hallmark Sends 2nd Take Over Letter to Chicago Specialty Underwriters
Jul 1 2008 // Fort Worth Texas-based Hallmark Financial Services, Inc. today reaffirmed its proposal to acquire all of the outstanding stock of Chicago-based Specialty Underwriters’ Alliance Inc. (SUAI). Hallmark submitted a...
Allied World Assurance to Acquire Darwin Professional Underwriters
Jun 30 2008 // Bermuda-based Allied World Assurance Co., Ltd. has agreed to acquire Connecticut-based Darwin Professional Underwriters, Inc. Darwin offers specialty and primary professional lines coverages, which include health care...
Towerstone Adds Broker, Underwriter and Account Representative
Jun 26 2008 // Dallas-based wholesale insurance broker and managing general agent Towerstone Inc. has added a new broker, underwriter and account representative to its team. Chris Rohrer was hired as a property broker and will focus on...
Russo Joins N.J.’s New Day Underwriting
Jun 25 2008 // New Day Underwriting Managers LLC, an environmental and construction insurance wholesaler, has appointed David D. Russo to the newly-created position of account manager. Russo joins New Day Underwriting from Commerce...
P/C Insurers’ Underwriting, Investment Results Deteriorate in First Quarter
Jun 25 2008 // The U.S. property/casualty insurance industry’s net income after taxes fell to $8.2 billion in first-quarter 2008 from $16.2 billion in first-quarter 2007. Contributing to the $8 billion, or 49.3 percent, decline in...
Downs Joins Towerstone as Senior Underwriter
Jun 25 2008 // Dallas-based wholesale insurance broker and managing general agent Towerstone Inc. has hired Cindy Downs as a senior underwriter in the firm’s MGA unit. Downs formerly was a senior underwriter at Capstone...
Strengths and Weaknesses, Part 1: What Agents Think of Regional, National P/C Insurers
Jun 25 2008 // Regional carriers rate better in underwriting experience, relationships and stability as well as in customer service and agency relations than their national competitors in the view of independent agents. Regional insurers...
Specialty Underwriters Reports Acquisition Offer from Hallmark
Jun 24 2008 // Specialty Underwriters’ Alliance, Inc. reports that it has received a letter from Hallmark Financial Services, Inc. containing an unsolicited, non-binding and conditional proposal to acquire the company. The proposal...
ACE Chooses Shaw as Chief Underwriter-Global Markets, Tempest Re Chairman
Jun 18 2008 // ACE has announced the appointment of Matthew Shaw as Chief Underwriting Officer, ACE Global Markets (AGM). He will also become the Chairman, ACE Tempest Re Europe, where he was previously Managing Director. He will report...
Fisher Joins American Underwriting Managers in Southlake Office
Jun 16 2008 // American Underwriting Managers (AUM), a managing general agency and surplus lines broker with offices in North and South Texas, added Ken Fisher as a contract underwriter/broker in its Southlake office. Fisher has more...
People
Jun 16 2008 // Thomas F. Motamed has stepped down as vice chairman and chief operating officer for The Chubb Corp. to become chairman and chief executive officer of CNA Financial Corp., a position he will assume as of June 8,...
People
Jun 16 2008 // Golden Eagle Insurance, a Liberty Mutual Agency Markets regional company, appointed Pete McPartland president and CEO. McPartland comes from General Casualty in Sun Prairie, Wis., where he led insurance operations for QBE...
