Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Gaskins Joins N.J.’s New Day Underwriting as Account Executive
Feb 15 2008 // Bordentown, New Jersey-based New Day Underwriting Managers LLC has named Sharron Gaskins to the position of account executive. Gaskins joins New Day Underwriting Managers with more than 18 years of underwriting services...
S&P Takes Rating Actions -‘Mostly Negative’- on U.S. Mortgage Insurers
Feb 15 2008 // Standard & Poor’s Ratings Services has issued a blanket bulletin outlining the rating actions, which it notes are “mostly unfavorable,” on several U.S. mortgage insurers and their core and dependent...
U.S. Risk Names Haselden VP – Commercial Underwriting
Feb 14 2008 // Managing general agency and surplus lines wholesaler U.S. Risk Insurance Group Inc. announced it has named Terri Haselden vice president and manager of the Dallas Commercial Underwriting Department. Haselden, an...
Safeco Names Newgarden SVP, Underwriting for Personal Insurance
Feb 13 2008 // Thomas Newgarden has joined Seattle-based Safeco as senior vice president of underwriting for Safeco Personal Insurance. Previously, Newgarden was senior vice president and chief underwriting officer of AIG Private Client...
RPS Names Anderson Underwriter/Broker at Scottsdale Office
Feb 11 2008 // Risk Placement Services, Inc., a national excess and surplus lines wholesaler, announced that it has promoted T.C. Anderson, IV, to underwriter/broker at the company’s office in Scottsdale, Ariz. Since joining RPS in...
Wis. Senate Squeaks Through Bill to Ban Credit Scoring
Feb 10 2008 // With the 2008 legislative sessions now in full swing, many states are taking another look at the issue of insurers using credit scoring to underwrite or rate auto or homeowners insurance. Insurance trade groups are...
People
Feb 10 2008 // Former Ace Ltd. CEO and Chairman Brian Duperreault has stepped down from the Bermuda-based insurer to assume to role of president and CEO of Marsh & McLennan Companies Inc. Duperreault replaces Michael Cherkasky, who...
People
Feb 10 2008 // The Nonprofits Insurance Alliance Group in Santa Cruz, Calif., appointed Kim Aday to vice president finance/treasurer. Aday joined the group in 1997 in the position of accountant. In early 2001, she was promoted to...
Colo. Legislation to Ban Use of Credit Scoring in Underwriting Defeated
Feb 10 2008 // Agents, insurers praise legislation’s defeat but say the battle is not over yet As the issue of credit scoring continues to be the subject of state legislative proposals, insurance agents in Colorado are celebrating...
Burns & Wilcox Names Underwriting Manager at Fla. Office
Feb 7 2008 // Michigan-based Burns & Wilcox promoted Angela Bruce to underwriting manager at its Tampa, Fla., office. Bruce joined the company in 2006 as a commercial underwriter and has more than 25 years of underwriting...
U.S. Risk Names Hicks Senior Commercial Underwriter
Feb 6 2008 // Dallas-based managing general agency and surplus lines wholesaler U.S. Risk Insurance Group Inc. announced it has named Jeff Hicks a senior underwriter in its Commercial Underwriting department. In this position, Hicks...
Rebueno Joins Burns & Wilcox’s Houston Office as Underwriter
Feb 5 2008 // Burns & Wilcox announced that Honesto Rebueno has joined the company’s Houston office as an underwriter. Rebueno has more than 30 years’ experience in writing property and casualty coverage, particularly...
Best Affirms Indian Insurer’s ‘A-‘ Ratings; Outlook Now Stable
Feb 4 2008 // A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating (ICR) of “a-” of The New India Assurance Company Limited, and has revised its outlook on the...
Meadowbrook Acquires Remaining Earnings from U.S. Speciality Underwriters
Feb 4 2008 // Southfield, Mich-based Meadowbrook Insurance Group, Inc. announced today its termination of the Management Agreement associated with its acquisition of the business of U.S. Specialty Underwriters, Inc. (USS). As previously...
Société Générale Crisis Highlights ‘Rogue Trader’ Risk Warns Lloyd’s
Jan 30 2008 // The ongoing crisis at the second largest French bank, Société Générale, has prompted Lloyd’s to remind the financial community of some unfortunate facts. The bank lost €4.9 billion, or $7.25 billion, after it...
Burns & Wilcox Adds Staff to Office in Daytona Beach, Fla.
Jan 29 2008 // Burns & Wilcox appointed Sandra Pigott and Maria Pugliese to underwriting positions at the company’s Daytona Beach, Fla., office. Pigott joined Burns & Wilcox as a senior underwriter. Previously, she was a...
Ascension to Acquire Calif.-based Pan American Underwriters
Jan 28 2008 // Ascension Insurance Inc. signed an agreement to acquire the assets of the California -based insurance agency, Pan American Underwriters Inc. Pan American is a wholly owned subsidiary of PAULA Financial (Pink Sheets:PFCO)....
Crump Promotes Figueroa to Underwriting Manager
Jan 28 2008 // Crump Insurance Services promoted Amanda Figueroa to underwriting manager of Crump’s Seattle and Portland managing general agency unit. Figueroa is a licensed broker who has been in the insurance industry for more...
Lloyd’s 2008 Underwriting Capacity at $31.66 Billion
Jan 28 2008 // In a brief announcement Lloyd’s confirmed that as of the 1st of January the underwriting capacity of its 75 operating syndicates totaled £15.95 billion ($31.66 billion). The syndicates are managed by 46 Managing...
An Insurer’s Success Relies on the Expertise of Its Underwriters
Jan 27 2008 // An insurer’s success rests largely in the expertise of its underwriters. As the U.S. Department of Labor noted in its Career Overview series, “Great trust is placed in underwriters as an insurance company may...
