Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Platinum Underwriters Holdings Appoints Fisher
Jun 24 2004 // Bermuda-based Platinum Underwriters Holdings Ltd. appointed Joseph Fisher to the position of executive vice president and CFO. Fisher has more than 20 years of experience in the property and casualty industry, including...
Applied Underwriters Appoints Ferenc as Chairman; Menzies as President
Jun 22 2004 // Applied Underwriters, based in San Francisco, Calif., has announced the appointment of Sidney R. Ferenc as chairman of the board, and Steven M. Menzies as president. Ferenc assumes the position of chairman, while...
A.M. Best Affirms Ratings of Allianz Insurance Group and Fireman’s Fund
Jun 22 2004 // A.M. Best Co. has affirmed the financial strength ratings of A (Excellent) of Allianz Insurance Group (Allianz), which consists of Allianz Global Risks US Insurance Company and its wholly-owned subsidiary, Allianz...
That’s Entertainment Disability Insurance
Jun 21 2004 // Twenty years ago, no one envisioned top entertainers earning $20 million for a single film, or for 90 days of work. Unusual work schedule aside, the dollars involved in protecting these individuals creates a unique...
Best Affirms Employers Re, Westport ‘A’ Ratings; Lowers Medical Protective; Revises Outlook to Stable
Jun 16 2004 // A.M. Best Co. announced that it has affirmed the financial strength ratings of “A” (Excellent) of Employers Re Corp Group and Westport Insurance Corporation of Jefferson City, Mo. The bulletin noted that the...
AmWINS Appoints Vaccaro as Specialty Underwriting Division President
Jun 16 2004 // Charlotte, N.C.-based American Wholesale Insurance Group (AmWINS), one of the nation’s largest independent wholesale insurance broker, has announced the appointment of Stephen J. Vaccaro Jr. as president of its...
Zenith Files Registration Statement for Underwritten Secondary Offering of Common Stock
Jun 16 2004 // Woodland Hills, Calif.-based Zenith National Insurance Corp. announced that, at the request of Fairfax Financial Holdings Limited’ it filed with the Securities and Exchange Commission a registration statement...
Barnes Joins American Underwriting Managers
Jun 15 2004 // Texas-based American Underwriting Managers announced that Phyllis K. Barnes has joined the company as marketing director. Barnes has more than 10 years of experience in the surplus lines field. She was previously...
Wellington to Acquire AXA’s U.S. Specialty Lines
Jun 9 2004 // London-based Wellington Underwriting plc, a major Lloyd’s underwriter, has announced plans for expansion into U.S. Specialty business through the proposed acquisition of AXA Corporate Solutions Excess and Surplus...
American Professional Liability Underwriters Makes Pair of Promotions
Jun 8 2004 // Florida-based American Professional Liability Underwriters Inc. has announced a pair of promotions within the company. Robert Kenney has been named as president. Kenney has been with AmPro since 1996, and was formerly vice...
MARINE UNDERWRITERS ASSOCIATION REVISES CARGO CLAUSES:
Jun 7 2004 // The American Institute of Marine Underwriters (AIMU) has revised the association’s cargo clauses for the first time since 1966. AIMU chairman David French said the revisions would make the forms more consistent with...
Marine Underwriters Association Revises Cargo Clauses; First Revision in 38 Years
May 24 2004 // The American Institute of Marine Underwriters (AIMU) has revised the association’s cargo clauses for the first time since 1966. AIMU chairman David French said the revisions would make the forms more consistent with...
Best Releases Latest Version of Underwriting Guide
May 21 2004 // A.M. Best Co. announced the release of the “second flow” of its 2004 Underwriting Guide. The publication is aimed at helping insurance underwriters and risk managers gain a better understanding of industrial...
ICAT Hires Pilawa as Senior Underwriter
May 21 2004 // Boulder, Colo.-based International Catastrophe Insurance Managers LLC (ICAT) announced that Peter Pilawa has joined the company as a senior underwriter. Pilawa joins the company’s Middle Market Business Unit, and...
Best Affirms Rating for ING Canada Group
May 18 2004 // A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) of ING Canada Group (ING Canada) (Toronto). The group, which operates under a pooling arrangement, includes Belair Insurance Company Inc., ING...
High-Tech Systems Help Make the Agent an Underwriter
May 17 2004 // Many carriers, especially commercial lines carriers, rely on independent agencies to sell and service policyholders. The agency typically owns and maintains the relationship with the insured. Carriers that maximize agent...
PCI White Paper: Insurer Profitability Must Be Viewed Over Long Term
May 17 2004 // A white paper published by the Property Casualty Insurers Association of America (PCI) shows that insurance industry profitability must be evaluated over the long term and that loss costs, not investment return, are the...
Houston Casualty Co. Affirmed
May 17 2004 // Standard & Poor’s Ratings Services affirmed its “AA” counterparty credit and financial strength ratings on Houston Casualty Co., Avemco Insurance Co., U.S. Specialty Insurance Co., HCC Specialty...
Conn. Underwriters: Thinking Inside the Box
May 17 2004 // Bill Kiley is well aware of the need to think outside the box in any business but the New England insurance wholesaler has hit upon a hot idea by doing just the opposite. For the past few months Kiley has been focused on...
All the World’s a Market for Rekerdres & Sons
May 17 2004 // Texas agency insures nearly half of the nation’s cotton exports. Ted Rekerdres never intended to go into the insurance business, but an effective sales job by his father “Rek” Rekerdres, who established...
