Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Farewell Reflections, Part Three-Have You Noticed That’
Sep 20 2004 // The following article is part three of a three-part commentary written by an insurance company executive which includes an industry critique and reflection on lifelong lessons learned. Part one and two appeared in the Aug....
Fiduciary Liability: The Most Misunderstood of Management Exposures
Sep 20 2004 // In the early 1960s, life in the United States was lived at a slower pace. Transportation and communication required more time (and patience) and employees were more inclined to trust employers on issues relating to...
P/C INSURERS REPORT FIRST UNDERWRITING PROFIT SINCE 1997:
Sep 20 2004 // Dramatic improvements in underwriting performance by the nation’s property/casualty insurers led to the first underwriting gain in nearly seven years, according to the Jupiter, Fla.-based financial analysis firm...
Converium’s Conundrum: Reserve Requirements Hit Reinsurer
Sep 20 2004 // When Zurich Financial Services (ZFS) spun off its reinsurance operations into Converium in September 2001, the new company had a bright future. Initial capitalization exceeded $1.6 billion; ZFS had agreed to retain...
Surplus Line Carriers
Sep 20 2004 // First Responders Once upon a time, the excess and surplus line market was the safety valve of the insurance industry—the more lightly regulated, more financially shaky little brother to the admitted market. It was said...
Going Paperless – Is it for the Independent Agency’
Sep 20 2004 // All Agencies Can Benefit from a Paperless Environment Many independent insurance agents and brokers are used to the concept of “paperless processing” since most of the insurance companies they represent utilize...
Max Re Establishes Property Underwriting Capability
Sep 16 2004 // Bermuda-based Max Re Capital Ltd. announced that its subsidiary, Max Re Ltd., has increased its product offerings by the formation of a dedicated property division. The department will provide insurance and reinsurance...
Assured Guaranty Names Samson to Head Reinsurance
Sep 9 2004 // Bermuda-based Assured Guaranty Ltd. announced that Pierre Samson, President of Assured Guaranty Re International, Ltd. has assumed responsibility for the Company’s financial guaranty reinsurance segment. Assured...
Golson Joins Aspen as Marine Hull Underwriter
Sep 8 2004 // Aspen Insurance UK Limited announced from London that Kevin Golson has joined the Company as a marine hull underwriter. “Kevin has over 25 years experience in the marine market, focusing on complex, technically...
Klimek Joins WSS as Production Underwriter
Sep 8 2004 // Kyle Stevens, vice president and branch manager of the Dallas branch office of Western Security Surplus Insurance Brokers, announced that Ron Klimek has joined the company as production underwriter. Klimek comes on board...
AAMGA University Aims Fundamentals Class at Newbies
Sep 6 2004 // Something different was definitely in the air at a seminar put on by the American Association of Managing General Agents (AAMGA) last June. As the group of MGAs and wholesale brokers settled in for the introductory dinner...
Have Catastrophe Risks’ ‘Bring ‘Em On!’ Says Specialized Writer ICAT
Sep 6 2004 // The map shows a thin blue line skirting the edge of the Gulf and Atlantic coasts from Louisiana around Florida and all the way up to Maine to highlight the hurricane states. The blocks of red across the Western territories...
Have Catastrophe Risks’ ‘Bring ‘Em On!’ Says Specialized Writer ICAT
Sep 6 2004 // The map shows a thin blue line skirting the edge of the Gulf and Atlantic coasts from Louisiana around Florida and all the way up to Maine to highlight the hurricane states. The blocks of red across the Western territories...
Best Releases Underwriting Guide 3rd Flow
Sep 6 2004 // A.M. Best Co. announced the release of the “third flow” of its 2004 Underwriting Guide, a series designed to provide underwriters and risk managers with a “better understanding of industrial and...
Capstone Promotes Hartley and Heard
Sep 3 2004 // Dallas-based Capstone Underwriters announced two promotions within the organization. Paul Hartley was advanced to the position of vice president of underwriting and Kevin Heard was named vice president of...
Converium Completes External Reserve Review; Share Issue to Raise $420 Million
Aug 31 2004 // Zurich-based Converium Holding AG announced that an external reserve review, conducted by the actuarial consulting firm Tillinghast-Towers Perrin, confirms reserves to be “within a reasonable range of actuarial...
Weiss: P/C Insurers Report First Underwriting Profit Since 1997
Aug 31 2004 // Dramatic improvements in underwriting performance by the nation’s property/casualty insurers led to the first underwriting gain in nearly seven years, according to the Jupiter, Fla.-based financial analysis firm...
Lesandro Joins Burns & Wilcox as Renewal Underwriter
Aug 27 2004 // Lisa Lesandro has joined the Fresno, Calif., office of Burns & Wilcox Ltd., in the position of renewal underwriter. The announcement was made by Ceil Norton, branch manager of Burns & Wilcox’s Fresno...
SCOR Posts 38.7 Percent 1st Half Net Income Increase to $70 Million
Aug 26 2004 // France’s SCOR Group didn’t do quite as well as Swiss Re, but it’s come a long way from the dark days of 2001. The reinsurer’s “Back on Track” restructuring plan and the recently approved...
Farewell Reflections-Have You Noticed That’
Aug 23 2004 // The following article is part two of a three-part commentary written by an insurance company executive which includes an industry critique and reflection on lifelong lessons learned. Part one appeared in the Aug. 9 issue...
