Latest Underwriting Headlines

Prettejohn Stresses Underwriting Discipline, Reforms in Keynote Speech to ACORD Forum

Oct 21 2005 // Lloyd’s CEO Nick Prettejohn, in what may be his last major address as Lloyd’s CEO (See IJ Web site Oct. 17 and 18), told those assembled for the ACORD Forum in London that underwriting discipline continues to...

London American Risk Specialists, Inc. Announces Formation of Social Services Underwriting Department

Oct 21 2005 // Houston, TX – London American Risk Specialists, Inc., headquartered in Houston, Texas is pleased to announce the formation of a Social Services Underwriting department based out of the Dallas, Texas office. Mike...

Safeco Unveils Q3 Report; Hurricanes Play Major Role

Oct 18 2005 // Seattle-based Safeco reported solid third-quarter results, with net income of $101.1 million, or $0.80 per diluted share. This figure includes estimated after-tax net catastrophe losses of $115.8 million, or $0.91 per...

San Francisco-based Woodruff-Sawyer & Co. announced that William Dougherty has joined the firm as an Account Executive w

Oct 17 2005 // Hilb Rogal and Hobbs Company, headquartered in Glen Allen, Va., has appointed Michael Crowley to the position of president. In that role, Crowley will have overall responsibility for profit and loss, revenue growth,...

Specialty Underwriters’ Alliance: No Expected Losses from Hurricanes

Oct 13 2005 // Chicago-based Specialty Underwriters’ Alliance Inc. reported that it does not expect any losses related to the recent hurricane activity. SUA President and Chief Executive Officer Courtney Smith stated, “Our...

Specialty Underwriters’ Alliance Partners with Appalachian Underwriters

Oct 12 2005 // Specialty Underwriters’ Alliance Inc. announced a new partner agent contract with Appalachian Underwriters, Inc., which specializes in small artisan and general contractors business such as carpentry, electricians,...

Universal Insurance Company of Texas Adds Staff

Oct 11 2005 // Universal Insurance Holdings of North America announced it has added new members to the Universal Insurance Company of Texas (UICTX) team, based in San Antonio. Katherine Moore, vice president of Texas operations for UICTX...

ACE USA Forms Energy Risk Unit

Oct 10 2005 // ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, announced the formation of ACE Energy, a new retail business unit which will focus on serving the complex insurance needs of the U.S. energy...

Record First-Half, Surplus Boost P/C Insurers’ Ability to Pay Hurricane Losses

Oct 5 2005 // The U.S. property/casualty insurance industry’s net income after taxes rose 29.1 percent to a record $30.9 billion in first-half 2005 from $23.9 billion in first-half 2004. Reflecting the industry’s income, its...

Lewis Joins Beazley to Establish U.S. Transport Underwriting Practice

Oct 5 2005 // Beazley Group plc announced that Orville Lewis is joining the company to establish a new underwriting practice focusing on U.S. transportation risks. Lewis brings to Beazley extensive experience of underwriting...

ACE Ltd. Reports Underwriters’ Purchase of Added Ordinary Shares

Oct 4 2005 // Bermuda-based ACE Limited announced that Citigroup Global Markets Inc. and Goldman, Sachs & Co. have exercised their option to purchase an additional 4,292,500 ordinary shares of ACE Limited. The option to purchase...

People

Oct 3 2005 // Victor McCarley Sr., executive director of the Alabama Independent Insurance Agents was presented the L.P. McCord National Education Award for outstanding commitment to education by Thomas Grau, president of the...

Oct 3 2005 // Seattle-based Physicians Insurance A Mutual Company has announced that Leslie Mallonee has been named senior vice president and chief information officer. Mallonee’s history in information technology includes his...

Lighthouse Underwriters Expands ElderCare Program in Texas

Sep 26 2005 // Lighthouse Underwriters LLC (www.lighthouseunderwriters.com), a program underwriting company that works with select industry groups, has expanded its ElderCare program with an assisted living package in Texas. The package...

Pa. Man Accused of Stealing $400,000 from Universal Underwriter’s

Sep 22 2005 // A man in McKees Rocks, Pa., was indicted by a federal grand jury this week on charges of embezzling $400,000 from an insurance company and using the money to buy sports cards, sports memorabilia and vehicles. Richard...

Burns & Wilcox Ltd. Named Sanderson Underwriter in Reno Office

Sep 22 2005 // Burns & Wilcox Ltd. named Lisa Sanderson underwriter in the company’s Reno office. As a Burns & Wilcox underwriter, Sanderson is responsible for new and renewal production and relationship development with...

Southeast Surplus Underwriters Welcomes Becker

Sep 19 2005 // Southeast Surplus Underwriters General Agency Inc., based in Beaumont, Texas, announced the addition of Renee Becker as marketing assistant. As a marketing assistant for SES, Becker will be responsible for providing...

Zodiac Underwriting Guide to Drivers

Sep 19 2005 // Affable Aquarius (21 January — 19 February) The gentle qualities of Aquarius are reflective in an average claims record on all counts. The Aquarian drivers consider themselves sensible, responsible and...

Insurance and the Echoes of History

Sep 19 2005 // Dr. Robert Moore, former senior vice president of Alexander & Alexander Services Inc. (now owned by Aon Corporation), and also past president of the National Association of Insurance Brokers, sat down recently with...

Platinum Underwriters Estimates Katrina Losses; Lowers Profit Forecast

Sep 16 2005 // Bermuda-based Platinum Underwriters Holdings, Ltd. announced that its estimated losses, net of reinstatement premiums, tax benefits and retrocessional recoveries, from Hurricane Katrina will be approximately 0.5 to 0.6...