Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
People
Apr 18 2011 // American International Group Inc. (AIG) reorganized Chartis, its global property/casualty business, and named a new management team. Among the changes was a new CEO, Peter D. Hancock, currently AIG executive vice president...
P/C Industry Depends Too Much on Catastrophe Models, Says Pioneer Clark
Apr 14 2011 // Catastrophe models are a great risk management tool for property/casualty insurers but even the person who created the first one is worried that they are being given more credit and influence than they deserve. Karen Clark...
Western Heritage Insurance Names Washington as Underwriting VP
Apr 13 2011 // Western Heritage Insurance Co., based in Scottsdale, Ariz., has appointed Anthony Washington as vice president of Underwriting. Washington will lead all underwriting operations, including the Contract and Programs teams,...
Appalachian Underwriters Buys Reliance Administrators of South Carolina
Apr 8 2011 // Tennessee-based wholesale insurance broker Appalachian Underwriters Inc. has obtained the assets of Reliance Administrators, Inc., a Rock Hill, South Carolina wholesaler that specializes in workers’ compensation,...
K&B Underwriters Enhance, Rebrand Senior Living Program
Apr 4 2011 // K&B Underwriters, LLC, an insurance program administrator, has enhanced its senior living program and rebranded the program as DigniCARE Risk Solutions. The enhancements include a new A.M. Best “A+” rated...
How to Find Cyber Insurance for the Uninsurable
Apr 4 2011 // The University of California (UC) has redefined the rules of cyber liability insurance, using an approach that the University’s Chief Risk Officer Grace Crickette calls “reverse underwriting.”...
People
Apr 4 2011 // Ohio-based Westfield Insurance promoted Joseph C. Kohmann to group finance leader (CFO) and treasurer. He replaces Robert Krisowaty, who retires with more than 10 years of service. In July 2010 Kohmann assumed the position...
Underwriters Address Political Risk Exposures in Wake of Crisis
Apr 4 2011 // The civil and political unrest in Egypt and other parts of the Middle East and North Africa have brought to light how vital political risk coverage is — regardless of the country in which a company has operations. Roger...
Increase in Temporary Staffing Business Signals Economic Recovery
Apr 4 2011 // For many businesses, 2010 was a year of transition. Companies began to pickup the pieces of the economic downturn and were cautiously optimistic by bringing on temporary staff to help, rather than hire permanent employees....
GCube Makes Expands Underwriting and Business Development Team
Apr 1 2011 // Newport Beach, Calif.-based GCube has announced that Michael Durning has been named executive vice president of client relations and business development, and Al Caceres has been named senior vice president of underwriting...
K&K Hires New Staff for K-12 Student Accident Program
Mar 30 2011 // K&K Insurance, a division of Aon Underwriting Managers and a managing general underwriter offering insurance products and services to the sports, leisure and entertainment industries, has hired two new underwriters to...
High-Risk Properties Require Higher Level of Care
Mar 21 2011 // High-risk property is a location that is inherently dangerous due to the nature of its operations or that is exposed to powerful forces of nature such as hurricanes, earthquakes, and floods. Insuring against these...
Alterra at Lloyd’s Appoints Abrahams Sr. Property Underwriter
Mar 21 2011 // Bermuda-based Alterra Capital Holdings Limited has announced the appointment of Mark Abrahams as Property Insurance Underwriting Manager for Syndicate 1400 at Alterra at Lloyd’s Limited. He has more than 15 years of...
Increase in Temporary Staffing Business Signals Economic Recovery
Mar 21 2011 // For many businesses, 2010 was a year of transition. Companies began to pick up the pieces of the economic downturn and were cautiously optimistic by bringing on temporary staff to help out rather than hire permanent...
People
Mar 21 2011 // Provider Insurance has appointed Lynn Cubano as personal lines account manager. She will be responsible for acquiring new clients and expanding existing accounts in the personal lines division of the Massachusetts-based...
XL Insurance Promotes Bruce-Smythe to CUO – Int’l. P/C
Mar 17 2011 // XL Insurance, the global insurance operations of the XL Group, has promoted Gavin Bruce-Smythe to Chief Underwriting Officer (CUO) for its International Property & Casualty business. He previously served as Chief...
XL Adds Schenone to Space Underwriting Unit
Mar 14 2011 // Insurer XL has appointed Robert C. Schenone as vice president and senior class underwriter in its space underwriting unit. Schenone, who will be based in New York, joins XL Insurance from Sciemus Ltd., where he served as...
ACE USA Reorganizes Medical Risk Business
Mar 11 2011 // ACE USA, the U.S.-based retail operating division of the ACE Group, is reorganizing its medical liability group into two operating units, ACE Medical Risk and ACE Life Sciences. These two units will serve the unique...
Minnesota’s Western National Insurance Announces New Management Roles
Mar 9 2011 // Western National Insurance Group (WNIG), headquartered in Minnesota, has partially realigned its management team. The following members of WNIG’s management team have assumed new roles: Jeff Couchman, formerly vice...
Interstate Insurance Management Promotes Four
Mar 7 2011 // Pennsylvania-based managing general underwriter Interstate Insurance Management has made several promotions. Larry E. DeFrances has been named executive vice president, commercial auto underwriting manager – U.S....
