Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Professional Liability: Will the Cycle Remain Unbroken’
Oct 25 2004 // Some say it’s over—the hard market, that is. Certainly in some areas of professional liability this is true. Many renewal premiums in 2004 are flat, or are even dropping by 10 percent or more. Not withstanding the...
The Midland Co. Reports Q3 Profit
Oct 21 2004 // Cincinnati-based The Midland Company, a provider of specialty insurance products and services, reported results for the third quarter ended Sept. 30, 2004. Net income per share was 12 cents, which included 1 cent in...
Ascot Underwriting Chooses AIR’s Risk Model Software to Aid Global Catastrophe Risk
Oct 20 2004 // Ascot Underwriting Ltd (Ascot), a managing agent at Lloyd’s of London has selected AIR Worldwide to provide risk modelling software to manage its catastrophe risk. Ascot has licensed AIR’s CATRADER and CLASIC/2...
Safeco Unveils Q3 Numbers, Notes Hurricane Impact
Oct 19 2004 // Seattle-based Safeco on Tuesday reported third-quarter results, reflecting strong fundamentals in a period with substantial hurricane losses and the loss on the sale of Life & Investments. The company posted a net...
Going Paperless — Is it for the Independent Agency’
Oct 11 2004 // Many independent insurance agents and brokers are used to the concept of “paperless processing” since most of the insurance companies they represent utilize imaging and content management technology. For these...
New Brokerage Opens for Eldercare Business
Oct 8 2004 // Northern Virginia Firm to Balance Value for Both Carriers, Agents Retail insurance agents seeking better service from their brokers have a new resource: K&B Underwriters, LLC. The development could be a welcome relief...
Zurich Names Kaplan Chief Underwriting Officer – North America Commercial
Oct 6 2004 // Zurich North America announced that it has named Gary Kaplan Chief Underwriting Officer for Zurich North America Commercial and head of its Technical Center. “Gary’s knowledge of the Zurich organization, his...
Arch Re Appoints Papadopoulo Chief Underwriting Officer; Peckett General Counsel
Oct 5 2004 // Bermuda-based Arch Reinsurance Ltd., a subsidiary of Arch Capital Group Ltd., announced that Nicolas Papadopoulo has been appointed as chief underwriting officer and that Tim Peckett has been appointed as general...
AIU Underwrites ScanAlert’s Japan Hacker Coverage
Oct 5 2004 // Napa Calif.-based ScanAlert announced that AIU Insurance Japan, a division of AIG and the largest foreign-affiliated P/C insurer in Japan, is underwriting a new hacker insurance program for all “HACKER SAFE”...
Hill-Stockin Joins WSS’ Dallas Office as Underwriter
Sep 29 2004 // Western Security Surplus (WSS) announced that Shelly Hill-Stockin has joined the company’s Dallas office in the position of underwriter. Hill-Stockin will report to Kyle Stevens, vice president and branch manager of...
NAMIC Makes the Case for Underwriting Freedom
Sep 21 2004 // Efforts to deregulate property casualty insurance should include easing restrictions that states place on insurance companies’ underwriting, and not just on removing pricing controls, the National Association of...
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...
