Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
For Boat Owners and the Agents Who Write Them, Location and Experience Matter
Jun 6 2005 // There were more than 17.6 million recreational boats in use in the United States in 2004, and an estimated 69 million people involved in boating activities, according to the National Marine Manufacturers Association. Since...
The British Are Coming! No – They’re Already Here
Jun 6 2005 // Over 200 years ago Paul Revere rallied the Minutemen with the cry: “The British are coming!” He’d be somewhat surprised to learn of today’s more benign invasion by a number of British insurance...
Alea AGM Report: Strong Underwriting, Normal Claims Development Continue
Jun 3 2005 // Bermuda-based Alea Group Holdings Ltd. released a statement following the conclusion of the of the Group’s Annual General Meeting held on Thursday, June 2, indicating that its underwriting efforts remain profitable...
ACUITY Promotes Taber to Commercial Lines Staff Underwriter
Jun 3 2005 // Kelly Taber has been named commercial lines staff underwriter at corporate headquarters of Sheboygan, Wis.-based regional property/casualty insurer ACUITY. Taber joined ACUITY in December 2000 as a senior commercial lines...
Majestic Insurance Names Underwriting Manager for So. Cal Accounts
May 31 2005 // Majestic Insurance Company announced the appointment of Jack Bair as underwriting manager. Bair, based in Majestic’s Long Beach, California office, will report to Janice Aber, vice president. Bair comes to Majestic...
Platinum Completes Sale of Notes
May 27 2005 // Bermuda’s Platinum Underwriters Holdings Ltd. announced that it has completed its previously announced offering of $250 million aggregate principal amount of 7.50 percent notes due 2017 (See IJ Web site May 16 and...
JLT Warns Brokers and Underwriters to Invest in Client Industry Expertise and Technical Resources
May 23 2005 // Mike Hammond, the CEO of Jardine Lloyd Thompson Risk Solutions Ltd., told delegates at a conference in Lugano, Switzerland, that the “insurance industry must invest in the necessary technical skills if it is to...
Platinum Prices Notes Offering
May 23 2005 // Bermuda-based Platinum Underwriters Holdings, Ltd. announced the pricing of its offering of $250 million aggregate principal amount of 7.50 percent notes due 2017 (See IJ Website May 16). “The notes are being issued...
The Nitty Gritty of Blue Collar Programs
May 23 2005 // Program Managers Working for the Working Class For some program administrators, blue is the color of money. While other insurance programs target lawyers, insurance agents and various white-collar occupations, some of the...
CONNING: LOOK FOR P/C UNDERWRITING PROFIT AGAIN IN 2005
May 23 2005 // The property/casualty industry can look forward to another year of underwriting profits, assuming normal catastrophic losses of $13-$14 billion, according to a new study by Conning Research and Consulting Inc. However, the...
People
May 23 2005 // Atlanta-based NBIS appointed Joseph Savarese as senior vice president of underwriting. He will focus on the company’s eastern and western U.S. presence, working to establish a network of insurance agents and brokers...
Rodney Pierson
May 23 2005 // Twig Branch Seattle, Wash.-based Physicians Insurance A Mutual Company has announced that Rodney A. Pierson has been named senior vice president, CFO and treasurer. Pierson’s long history in finance includes his...
People
May 23 2005 // NBIS appointed Joseph Savarese senior vice president of underwriting. He will focus on the company’s Eastern and Western U.S. presence working to establish a network of insurance agents and brokers in the contractors...
People
May 23 2005 // U.S.I. Holdings Corp. appointed C. Jeff Pan senior vice president – Business Transformation. Pan, who will be based in Dallas, is responsible for transforming the company’s business processes from a...
My Brother’s Keeper-Duties and Liabilities of Agents and Brokers
May 23 2005 // Insurance plays an important role in today’s society in protecting individuals and businesses from different risks. A wide variety of policies and products have been developed to cover common, and not so common,...
Atlanta Chartered Property Casualty Underwriters Elect New Officers
May 19 2005 // The Atlanta Chapter of the Chartered Property Casualty Underwriters Society elected and installed its new officers at its monthly luncheon meeting. The new officers for 2005/2006 are: Larry Long, president, Allstate; Phil...
Argonaut Group Expands with Launch of Argonaut Specialty
May 19 2005 // Argonaut Group Inc. is expanding its commitment to the wholesale insurance market with the creation of a new company, Argonaut Specialty, which will target accounts that are somewhat larger than those currently handled by...
Specialty Underwriters’ Alliance Reports Q1 Loss of $4.5 Million
May 17 2005 // Chicago-based wholesaler Specialty Underwriters’ Alliance Inc. reported a net loss of $4.5 million for the quarter ended March 31, 2005. Total revenues were $1.3 million, comprised of earned insurance premiums of...
Platinum to Issue Senior Notes, Preferred Shares
May 17 2005 // Bermuda-based Platinum Underwriters Holdings Ltd. has announced that it proposes “to raise in the aggregate $250 million of gross proceeds through an offering of non- cumulative perpetual preferred shares and an...
S&P Analysis of Australia P/C Insurers
May 17 2005 // Standard & Poor’s has published an analysis of the current state of the Australian P/C industry. The rating agency noted: “The softening insurance cycle has entrenched itself in commercial lines in...
