Latest Underwriting Headlines

Feb 24 2008 // People Managing general agency and surplus lines wholesaler U.S. Risk Insurance Group Inc. named Terri Haselden vice president and manager of the Dallas Commercial Underwriting Department. Haselden, an experienced...

People

Feb 24 2008 // San Diego-based Barney & Barney LLC named Jim O’Connell principal. He also will serve as director of development for programs, specialty insurance solutions. In that role, he is responsible for both regional and...

‘Managing the Cycle’ Remains No. 1 Priority, Lloyd’s Survey Finds

Feb 24 2008 // Lloyd’s of London has published its fourth annual underwriting survey, which reveals that “managing the insurance cycle” remains the most important issue for the industry in 2008 with 93 percent of...

Lloyd’s Poll Finds Financial Instability is Main 2008 Risk

Feb 20 2008 // According to a recently conducted survey of 138 underwriters, Lloyd’s found that the instability of global financial markets is the single factor that will have the most impact on the insurance industry during 2008....

Hayden Joins Specialty Unit of Berkley Net Underwriters

Feb 20 2008 // Bruce hayden has joined the online insurer Berkley Net Underwriters in its business development unit. As director of Specialty Markets, Hayden will lead BerkleyNet’s effort to expand its focus on specialty niche...

‘Managing the Cycle’ Remains #1 Priority Lloyd’s Survey Finds

Feb 19 2008 // Lloyd’s has published its fourth annual underwriting survey, which reveals that “managing the insurance cycle remains the most important issue for the industry in 2008 with 93 percent of underwriters believing...

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...