Latest Underwriting Headlines

Best Affirms Markel’s Lloyd’s Syndicate 3000 Ratings

Jul 1 2005 // A.M. Best Co. announced that it has affirmed its Syndicate Rating of “A” (Excellent) and the issuer credit rating of “a” of Lloyd’s Syndicate 3000 which is managed by Markel Syndicate...

Swiss Re Economists See Underwriting Discipline Key to Profitability

Jul 1 2005 // Kurt Karl, Swiss Re’s chief economist in North America, led the reinsurer’s Mid-year Economic and Insurance Industry Teleconference yesterday, June 30. The panelists forecast that a “modest rise in...

The Combined Group Adds Nonsubscription Underwriter

Jun 28 2005 // The Combined Group announced a recent addition to their staff. Stan Opie has joined the Carrollton-based general agency to assume Senior Nonsubscription Underwriting responsibilities with a seasoned team of Nonsubscriber...

Best Downgrades Some AXA Canada P/C Subsidiaries

Jun 27 2005 // A.M. Best Co. announced that it has downgraded the financial strength ratings of several of AXA Canada Inc.’s wholly owned property and casualty insurance subsidiaries. The rating action affects the following...

Bailey Joins Burns & Wilcox as Commercial Lines Underwriter

Jun 27 2005 // Farmington Hills, Mich.-based wholesaler Burns & Wilcox has appointed Alicia Bailey as a commercial underwriter in the firm’s Chicago office. Bailey serves as liaison with Burns & Wilcox’s network of...

Report: U.S. Reinsurance Market Posts 105.5% Combined Ratio in 2004

Jun 23 2005 // Forty reinsurance companies reported net written premiums of $30.1 billion for 2004, showing a combined ratio of 105.5 percent in the Reinsurance Association of America’s “Reinsurance Underwriting Review: 2004...

Best Affirms ING Canada Ratings, Including Acquired Allianz Operations

Jun 22 2005 // A.M. Best Co. announced that it has affirmed the financial strength ratings of “A+” (Superior) and has assigned issuer credit ratings (ICR) of “aa-” to the ING Canada Group. Best also said it had...

Affirmative Acquires Assets of Mich. Underwriting Agency

Jun 21 2005 // Addison, Texas-based Affirmative Insurance Holdings Inc. announced that it has signed a definitive agreement to acquire the assets of IPA LLC, an underwriting agency with operations in Michigan. The underwriting agency...

Squyres Joins New Day Underwriting Managers as VP

Jun 21 2005 // New Day Underwriting Managers LLC, an environmental and construction-related professional liability resource for insurance agents and brokers, announced the appointment of Timothy Squyres as vice president. Based in...

Jun 20 2005 // OneBeacon Insurance Group, a wholly owned subsidiary of White Mountains Insurance Group, has named Kevin Rehnberg as senior vice president reporting to Chief Executive Officer John Cavoores. Rehnberg will help support...

People

Jun 20 2005 // Jennifer Fahrenkrug has been promoted to territory manager at Sheboygan, Wis.-based regional property/casualty insurer ACUITY and will handle the company’s Michigan and Northern Ohio territories. Meanwhile, Kelly...

Think Moderation on Loss History Reports Regulation

Jun 20 2005 // Homeownership is considered the centerpiece of the American dream. Homeowners insurance enables individuals and families to protect what is likely to be their single largest asset. Before finalizing their purchase, most...

AIG Downgraded

Jun 20 2005 // Standard & Poor’s Ratings Services lowered its long-term counterparty credit and senior debt ratings on American International Group Inc. to “AA” from “AA-Plus.” S&P also removed the...

ACE Tempest Re Appoints Swayne as Chief Underwriting Officer-International

Jun 16 2005 // ACE Tempest Reinsurance Ltd., the ACE Group’s Bermuda-based property and specialty catastrophe reinsurer, has announced the appointment of Guy Swayne to the position of Chief Underwriting Officer,-International. He...

What Happened to the Rogue Underwriters?

Jun 8 2005 //

Eckert Joins Professional Underwriters as VP for Municipal Programs

Jun 7 2005 // Karen Eckert has joined Professional Underwriters of Trooper, Pa. as vice president of municipal programs. Eckert will be responsible for building the municipality by focusing on towns, counties, water and sewer...

Undercover on Underwriting: Spitzer Spills AIG’s Secrets in Civil Complaint

Jun 6 2005 // AG Targets Ex-Execs Greenberg and Smith; AIG Restates Financials; Is Settlement Next? From the 1980s until recently, insurance giant American International Group and its top executives “routinely engaged in...

Think Moderation on Loss History Reports Regulation

Jun 6 2005 // Homeownership is considered the centerpiece of the American dream. Homeowners insurance enables individuals and families to protect what is likely to be their single largest asset. Before finalizing their purchase, most...

Undercover on Underwriting: Spitzer Spills AIG’s Secrets in Civil Complaint

Jun 6 2005 // AG Targets Ex-Execs Greenberg and Smith; AIG Restates Financials; Is Settlement Next? – Maurice “Hank” Greenberg, AIG CEO, 1992 From the 1980s until recently, insurance giant American International Group...

People

Jun 6 2005 // North Canton, Ohio-based insurer Hartville Group Inc. announced that the company’s board of directors have accepted the resignation of chief executive officer Russell Smith III. The board has also accepted the...