Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Rendezvous Roundup: Guy Carpenter; Aon Global Re; Munich Re
Sep 8 2008 // The Annual Reinsurance Rendezvous in Monte Carlo convened this weekend amid concerns over the ongoing credit crisis, the softening of the market and the onslaught of storms in the Caribbean. The current climate for the...
Endurance Names Kent to Head London Reinsurance Operations
Sep 3 2008 // Bermuda-based Endurance Specialty Holdings Ltd. announced the appointment of Lauren Kent as Senior Underwriting Manager and Head of Reinsurance for Endurance Worldwide Insurance Limited in London. She has 18 years of...
People
Sep 1 2008 // Community Financial Insurance Center, Monroe, La., hired Jeanette F. Credo as senior vice president for its new Financial Institutions Division for the states of Louisiana, Alabama and Mississippi. Credo will establish and...
People
Sep 1 2008 // General Star Management Co. appointed Gregory J. Diorio chief operating officer and Joseph L. Majsak chief marketing officer. Diorio will oversee all underwriting divisions while Majsak will oversee the new marketing...
Lloyd’s in the 21st Century
Sep 1 2008 // The Modernization of Lloyd’s and the London Market Any institution — and there aren’t many — that survives and thrives for 320 years must find ways to adapt to changing conditions. Lloyd’s of...
Surplus Lines Results Remain Strong, Despite Heightened Competition
Sep 1 2008 // Brokerage M&As Expected to Continue for the Near Term; Time’s Almost Up for Congress to Pass Reform Bill Surplus lines insurers continued to outperform the property/casualty industry in underwriting and...
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...
