Latest Underwriting Headlines

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

R.E. Chaix & Associates Napa Hires Hughes as Underwriter

Aug 5 2008 // R.E. Chaix & Associates announced that Ronald “Ron” Hughes has joined the Northern California underwriting team in Napa. Hughes began his insurance career in 1977 at Fireman’s Fund and has worked...

People

Aug 4 2008 // Richard “Dick” Reynolds, former chairman and executive director of the Texas Workers’ Compensation Commission, was presented the Raymond Mauk Leadership Award at the Insurance Council of Texas’ 16th...

People

Aug 4 2008 // Aon Re Global named Jan-Oliver Thofern CEO and chairman of its German subsidiary, Aon Ruck.Thofern was previously a member of the company’s executive committee. He succeeds Holger Gaserow, who plans to retire at the...

Underwriters Exercise XL Options

Aug 1 2008 // XL Capital announced that the underwriters exercised their options to purchase an additional 18,750,000 ordinary shares and an additional 3,000,000 equity security units in connection with XL’s previously announced...

Genesis Underwriting Promotes 3 Execs: Eaton, Williams, Hogan

Jul 31 2008 // Genesis Underwriting Management Co. in Stamford, Conn. has named Jill L. Eaton to be manager of the Public Entity Division. Eaton will also continue to lead the division’s Western Region. The Public Entity Division...

Sierra Specialty Appointed Exclusive Underwriter for Topa Insurance Company’s Growers’ Service Insurance Program

Jul 31 2008 // Clovis, CA, July 31, 2008 – Topa Insurance Company, headquartered in Los Angeles, CA is an admitted property and casualty specialty insurer writing personal lines, commercial lines and programs. Topa has partnered...

Premiums, Net Income Decline for Safeco in Q2

Jul 29 2008 // Seattle, Wash.-based Safeco’s net income dropped nearly $37 million in the second-quarter 2008 over the same time period in 2007, the company reported today. For the second-quarter 2008, Safeco posted net income of...

New Day Underwriting Promotes Slivka and Farrell

Jul 29 2008 // Bordentown, New Jersey-based New Day Underwriting Managers has promoted Jeffrey Slivka to executive vice president and Timothy Farrell to senior vice president of sales. Slivka, who previously served as senior vice...

Topa Insurance Promotes Dultz to Underwriting Manager

Jul 23 2008 // Topa Insurance Co. has promoted Bob Dultz to underwriting manager, commercial casualty. Dultz has more than 30 years of experience in all casualty lines, including both primary and excess general liability coverage....

People

Jul 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...

A.M. Best Affirms ‘A’ Rating of Lloyd’s

Jul 14 2008 // A.M. Best Co. has affirmed the financial strength rating of A (Excellent) and issuer credit rating of “a+” of Lloyd’s of London and Lloyd’s Reinsurance Co. (China) Limited.A.M. Best said it believes...

Axis CEO Sees Insurers’ Returns Eroding; Plans Axis Expansion

Jul 9 2008 // John Charman, chief executive of Bermuda-based Axis Capital says insurers are caught between softening policy rates and volatile investment markets, a situation he expects to hurt returns.“You could make the case...

The Gibraltar Group Names New Chairman, President, Underwriting VP

Jul 8 2008 // The Gibraltar Group, a full-service insurance firm based in Lubbock, Texas, announced that Brandt Beal has been promoted to president of the firm and Ralph Beal has been designated as chairman of the company’s board...

Bunker Hill, Shel-Ray Underwriters Founders Retiring; Agencies to Merge

Jul 8 2008 // Ray L. Thomas and Sheldon I. Oster, founders of Houston-based Bunker Hill Insurance Agency Inc. and Shel-Ray Underwriters Inc., are retiring. L. Byron Way, currently executive vice president of Bunker Hill, has been named...

Allied American Underwriters Launches High Value Home Insurance Program

Jul 7 2008 // Allied American Underwriters (AAU), a national program manager headquartered in Tampa, Fla., has introduced a high value homeowners program that is available on a national basis.The program’s values start at...

People

Jul 7 2008 // The National Association of Professional Insurance Agents (PIA) has announced the promotion of Mike Becker to director of federal affairs.Since joining PIA, Becker has managed the day-to-day responsibilities associated...

People

Jul 7 2008 // Richmond, Va.-based insurance broker Hilb Rogal & Hobbs Co. promoted F. Michael Crowley to president and chief operating officer.As president, Crowley has been responsible for HRH’s retail operations. In the...

Ariel Re Makes Executive Appointments

Jul 3 2008 // Bermuda-based Ariel Reinsurance Company Ltd. has announced the following executive appointments: — George Rivaz has been named Chairman of Ariel Re. He will also continue in his current role as Chairman of Atrium...

Chicago’s Specialty Underwriters Again Rejects Buyout Bid by Hallmark

Jul 2 2008 // Chicago-based Specialty Underwriters’ Alliance, Inc. (SUAI) today announced that it has responded to a letter, dated July 1, 2008, from Hallmark Financial Services, Inc. (“Hallmark”) in which Hallmark...

Ironshore to Buy Lloyd’s Pembroke; Best Sees No Rating Change

Jul 1 2008 // Ironshore Inc. announced from Bermuda that it has signed a sale and purchase agreement with Chaucer Holdings PLC and the management of Pembroke for the £17 million ($34 million) cash purchase of Pembroke Managing...