Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
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...
Bassett, Jr. Named Chief Underwriting Officer at Folksamerica Re
May 16 2005 // Folksamerica Reinsurance Co. announced the appointment of H. Clay Bassett, Jr. as the company’s chief underwriting officer. He will have responsibility for Folksamerica’s underwriting and marketing divisions...
Penn National Insurance Notes Changes to Underwriting Structure
May 13 2005 // Pennsylvania-based Penn National Insurance has realigned the structure of its underwriting operations, resulting in the following position changes. Robert Brandon has been appointed vice president–underwriting...
Specialty Underwriters Partners With Public Entity Specialist
May 12 2005 // Chicago-based wholesaler Specialty Underwriters’ Alliance Inc. announced a new partner agent contract with Specialty Risk Solutions, which is also based in the Windy City and specializes in the public entity segment...
Union General Now Offering Online Underwriting and Rating System
May 12 2005 // Union General is now offering its producers an online underwriting and rating system for Mobile Home; Homeowners, and Dwelling Fire Business. The online system is more than just a rater – agents can type in the...
Ward Joins American Underwriting Managers as Sr. Underwriter/Broker
May 11 2005 // American Underwriting Managers announced that Sharon Ward has joined the company in its Southlake, Texas, office as senior underwriter/broker. Among her responsibilities will be property and casualty underwriting for Texas...
