Latest Underwriting Headlines

All the headlines from our Underwriting Topic Page, ordered by recency.

Lack of Technology Can Raise Agency E&O Concerns

Sep 22 2008 // The use of technology is interwoven into agency procedures and practices, says Sabrena Sally, senior vice president of commercial insurance with Westport Insurance Corp., a subsidiary of Swiss Re and one of the largest...

People

Sep 22 2008 // The Chubb Corp has named Richard G. Spiro executive vice president and chief financial officer, effective Oct. 1. Spiro, 44, succeeds the retiring Michael O’Reilly, who will remain at company until the end of 2008 to...

People

Sep 22 2008 // Jacksonville, Florida-based Harden & Associates, an insurance brokerage company, promoted Dustin Theilacker to chief information officer.As CIO, Theilacker will continue to provide technology vision and leadership for...

For Independent Agents, Carriers’ Claims Service is Top Performance Measure

Sep 15 2008 // Independent insurance agents want their property/casualty insurance carriers to provide quality claims service above all else, according to an exclusive survey of agents’ attitudes about the insurers their agencies...

Allied World Names D’Orazio Chief Underwriter; Bell Operating and Admin.

Sep 11 2008 // Allied World Assurance Company Holdings has announced two senior management promotions.Frank D’Orazio has been named Chief Underwriting Officer of Allied World Assurance Company, its Bermuda insurance subsidiary,...

Endurance Management Postings Expand International Operations

Sep 9 2008 // Bermuda-based Endurance Specialty Holdings Ltd. announced several new leadership appointments in its international reinsurance operation servicing non-US clients.Laurent Beauregard has been appointed Senior Account...

Rendezvous Roundup: Guy Carpenter; Aon Global Re; Munich Re

Sep 8 2008 // The Annual Reinsurance Rendezvous in Monte Carlo convened this weekend amid concerns over the ongoing credit crisis, the softening of the market and the onslaught of storms in the Caribbean.The current climate for the...

Endurance Names Kent to Head London Reinsurance Operations

Sep 3 2008 // Bermuda-based Endurance Specialty Holdings Ltd. announced the appointment of Lauren Kent as Senior Underwriting Manager and Head of Reinsurance for Endurance Worldwide Insurance Limited in London.She has 18 years of...

People

Sep 1 2008 // Community Financial Insurance Center, Monroe, La., hired Jeanette F. Credo as senior vice president for its new Financial Institutions Division for the states of Louisiana, Alabama and Mississippi.Credo will establish and...

People

Sep 1 2008 // General Star Management Co. appointed Gregory J. Diorio chief operating officer and Joseph L. Majsak chief marketing officer. Diorio will oversee all underwriting divisions while Majsak will oversee the new marketing...

Lloyd’s in the 21st Century

Sep 1 2008 // Any institution — and there aren’t many — that survives and thrives for 320 years must find ways to adapt to changing conditions. Lloyd’s of London’s transformation offers some insights as to how such...

Surplus Lines Results Remain Strong, Despite Heightened Competition

Sep 1 2008 // Surplus lines insurers continued to outperform the property/casualty industry in underwriting and operating performance in 2007 despite the softening market and more aggressive competition. Heightened competition along...

Florida-based IBSL Hires Page as Marketing Underwriter

Aug 28 2008 // Steven A. Page joined Lakeland, Florida-based IBSL (formerly known as International Brokerage & Surplus Lines) as a marketing underwriter for non-trucking lines. Page comes to IBSL from Brown & Brown, where he...

Surplus Lines Results Remain Strong, Despite Heightened Competition

Aug 26 2008 // Surplus lines insurers continued to outperform the property/casualty industry in underwriting and operating performance in 2007, despite the softening market and more aggressive competition. Heightened competition along...

Western Marine Insurance Services Hires Olmstead as VP of Programs Underwriting

Aug 26 2008 // Stockton, Calif.-based Western Marine Insurance Services appointed Scott Olmstead vice president of programs underwriting of the Aquapac Plus recreation marine package programs. He will be responsible for managing the...

Jessica M. Frankovich

Aug 21 2008 // Indiana Insurance, a Liberty Mutual Agency Markets regional company, appointed Jessica M. Frankovich as Inland Marine underwriting manager.Frankovich will be based in Indiana Insurance’s Illinois regional office and...

Cindy Downs

Aug 21 2008 // Dallas-based wholesale insurance broker and managing general agent Towerstone Inc. has added four new members to its team.Cindy Downs was added as a senior underwriter in the firm’s MGA unit. Downs formerly was a...

Underwriter Reinsurance Co. Ordered to Stop Selling Insurance in Okla.

Aug 19 2008 // Oklahoma Insurance Commissioner Kim Holland has ordered Underwriter Reinsurance Co., also known as The Underwriter Group, to refrain from selling unlicensed, unauthorized insurance in her state.The Oklahoma Insurance...

S&P Releases New Lloyd’s Syndicate Financial Assessments

Aug 15 2008 // Standard & Poor’s Ratings Services has announced the results of its latest public information Lloyd’s Syndicate Assessment (LSA) review, which considered the 2007 syndicate financial statements and...

Specialty Underwriters’ Alliance Reports 2nd Quarter Results

Aug 8 2008 // Chicago-based Specialty Underwriters’ Alliance, Inc. today aannounced financial results for the 2nd quarter ending June 30, 2008.Highlights include: — Net income for the second quarter of 2008 was $2.3 million,...