Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Max Re Announces Executive Appointments
Mar 4 2005 // Max Re Ltd., has announced the following appointments in its insurance division. All appointments are still pending Bermuda Immigration approval. Angelo Guagliano has been appointed president and chief underwriting...
Beazley Opens Up Shop in U.S. for Specialty Lines
Mar 2 2005 // London-based Beazley has started underwriting specialty lines business locally in the U.S. on behalf of its syndicates at Lloyd’s. The opening of its office in Farmington, Conn. is part of Beazley’s plans to...
QBE Adds Greenhill Underwriting Group
Mar 1 2005 // QBE announced on Tuesday it had agreed to acquire Greenhill Underwriting Group, subject to regulatory approval, to enhance its strength and profile in the continental European market. Greenhill is a UK-based underwriting...
William Blair & Co. Begins Coverage for Specialty Underwriters’ Alliance with Outperform Rating
Mar 1 2005 // William Blair & Company has initiated research coverage of Specialty Underwriters’ Alliance Inc., a start-up commercial property/casualty underwriter based in Chicago, focused on the specialty program business...
Trident Insurance Names Murphy to Underwriting Post
Mar 1 2005 // Trident Insurance Services LLC, a member of San Antonio-based Argonaut Group Inc., announced that Thomas Murphy has been appointed senior vice president of Underwriting. As chief underwriting officer, Murphy is responsible...
Weiss: Insurers Earn $28B in First Three Quarters of 2004
Feb 28 2005 // Despite a hurricane-ravaged third quarter, property/casualty insurers reported profits of $28.1 billion in the first nine months of 2004, representing a 22.4 percent increase over the $22.9 billion earned during the same...
Max Re Announces New Appointments
Feb 24 2005 // Bermuda-based Max Re Capital Ltd. announced that its subsidiary, Max Re Ltd., has made the following appointments in its reinsurance division: — John Doucette has been appointed president and chief underwriting...
Pa.-based Harleysville Insurance In Transition to Restore Historic Results
Feb 22 2005 // Several events stand out in the history of Harleysville Insurance. There was its launch as an auto theft protection association in 1915 in the Pennsylvania community whose name it shares and there was its debut as a public...
Best Sees Underwriting Discipline in January European Reinsurance Renewals
Feb 21 2005 // European January reinsurance renewals confirm A.M. Best Co.’s expectations that underwriting discipline is being maintained, despite wide capacity availability. The rating agency noted that overall premium rates have...
Is the Industry Repeating the Past – Yet Again’
Feb 21 2005 // In a collection of works titled The Life of Reason, the philosopher George Santayana wrote, “Those who cannot remember the past are condemned to repeat it.” Currently there’s a momentous shift underway in...
Insurance Agents’ E&O: Are You Properly Covered’
Feb 21 2005 // Have you heard the story of the shoemaker’s children? Although their father was a shoemaker, they always had the most worn shoes. The reason is their father spent so much time and effort taking care of his customers,...
Fiduciary Liability: Obtaining Effective Insurance
Feb 21 2005 // As discussed in part one of this series in the Feb. 7 issue (page 34), fiduciary liability is one of the most misunderstood of management exposures. However, once one grasps the concept of personal liability embedded in...
Specialty Underwriters Alliance Names Philip to Board
Feb 15 2005 // Chicago-based Specialty Underwriters’ Alliance Inc., a commercial property and casualty insurance holding company, has appointed Paul Philp to its Board of Directors. Philp has held numerous senior executive...
Kingsway Notes 54% Gain in Net Income
Feb 10 2005 // Toronto-based Kingsway Financial Services Inc. announced financial results for the quarter and year ended Dec. 31, 2004, and the declaration of an initial quarterly dividend of 5 cents per share. For the fourth quarter net...
XL Capital Notes $288M Q4 Profit
Feb 9 2005 // Bermuda-based XL Capital Ltd. reported net income available to ordinary shareholders for the quarter ended Dec. 31, 2004 of $288.0 million, or $2.07 per ordinary share, compared with a net loss of $314.8 million, or a loss...
Crossing the Border: Mexico Travel Offers Opportunities for Agents
Feb 7 2005 // Mexico is a country rich in cultural heritage and scenic landscapes. From colonial villages to majestic desert panoramas to pristine beaches, our bordering neighbor to the south offers something for everyone. Steeped in...
Crossing the Border: Mexico Travel Offers Opportunities for Agents
Feb 7 2005 // Mexico is a country rich in cultural heritage and scenic landscapes. From colonial villages to majestic desert panoramas to pristine beaches, our bordering neighbor to the south offers something for everyone. Steeped in...
Montemayor Sees No Basis for Credit Scoring Ban
Feb 2 2005 // Texas Insurance Commissioner José Montemayor recently delivered to Gov. Rick Perry and the Texas Legislature the final report on a credit scoring study conducted by the Texas Department of Insurance. In a letter...
Are We Repeating the Past — Again’
Jan 24 2005 // I fear we are entering a period of cyclical amnesia. We are once again setting aside underwriting discipline. Recent market forecasts are projecting deteriorating terms and conditions. In a collection of works titled...
Are We Repeating the Past … Again’
Jan 24 2005 // In a collection of works titled The Life of Reason, the philosopher George Santayana wrote, “Those who cannot remember the past are condemned to repeat it.” There’s now a momentous shift underway in the...
