All the headlines from our Underwriting Topic Page, ordered by recency.
May 3 2006 // Cort Smith has joined Professional Underwriters, Exton, Pa., as the new regional marketing representative for the Mountain and Western state regions. He will be located out of the Salt Lake City office branch, and will...
Apr 28 2006 // General Re Corporation, a wholly owned subsidiary of Berkshire Hathaway Inc., has named Michael L. Sweeney as chairman and chief executive officer of its aviation underwriting subsidiary, United States Aviation...
Apr 27 2006 // Platinum Underwriters Holdings, Ltd. reported net income of $77 million, or $1.16 per fully diluted common share, for the quarter ended March 31, 2006, a slight increase from the $73 million it earned in the same quarter...
Apr 18 2006 // ACE European Markets has made two appointments at its London branch office. Stephen French has been appointed to chief underwriting officer. This is a new role will focus on core businesses of property, excess liability...
Apr 18 2006 // U.S. property/casualty insurers managed to increase earnings and add to their capital base in 2005 despite record catastrophe losses, according to ISO and the Property Casualty Insurers Association of America (PCI). Sound...
Apr 17 2006 // Palisades Safety and Insurance Management Corporation, a New Jersey private passenger automobile insurer, announced that Ed Fernandez has assumed the role of president and CEO, effective immediately. Fernandez succeeds...
Apr 17 2006 // PeoplePacific Specialty Insurance Co., Menlo Park, Calif., promoted Tim Summers to chief operating officer. Summers will continue his duties as executive vice-president and corporate secretary, overseeing the product...
Apr 16 2006 // The board of directors at Beacon Mutual Insurance Co. suspended two executives with pay Friday following an audit report alleging that Beacon, the state’s dominant worker’s compensation insurance provider,...
Apr 14 2006 // Bond insurers had an interesting 2005, dealing with the ratings implications of natural disasters, airline and auto parts manufacturer bankruptcies, Securities and Exchange Commission and attorney general investigations,...
Apr 13 2006 // Rhode Island’s largest workers compensation carrier, Beacon Mutual Insurance Co., has engaged in a pattern of favoritism benefiting select clients and agents; won and retained employer accounts by cheating on pricing...
Apr 12 2006 // If you’re an agent or broker trying to land a program carrier, it’s one thing to have an in-force program with lots of history and experience data, but how do you market yourself to a carrier if you’re...
Apr 10 2006 // Professional Underwriters, a national program administrator for public entities, announced that their public entity programs are now available in Texas.Professional Underwriters will offer casualty line coverages through...
Apr 5 2006 // Tower Group, Inc. in New York has entered into a strategic relationship with CastlePoint Holdings, Ltd.,a Bermuda-based holding company that it has sponsored.The move gives Tower reinsurance backing, additional...
Apr 3 2006 // A U.S. consumer group has made claims that Geico Corp. uses rate-making methods that directly base eligibility and premiums solely upon the educational background and occupation of consumers.The Consumer Federation of...
Apr 3 2006 // A U.S. consumer group has made claims that Geico Corp. uses rate-making methods that directly base eligibility and premiums solely upon the educational background and occupation of consumers.The Consumer Federation of...
Apr 3 2006 // For 317 years London’s insurance market in general and Lloyd’s in particular has been adapting to changing conditions both locally and globally. It’s never been easy, but the fact that it has happened at...
Apr 3 2006 // For 317 years London’s insurance market in general and Lloyd’s in particular has been adapting to changing conditions both locally and globally. It’s never been easy, but the fact that it has happened at...
Apr 3 2006 // It hasn’t been healthy. In fact, the directors and officers liability insurance market for super-sized Enrons, WorldComs and the Fortune 1000 has been unhealthy for some time.Looking at the market’s...
Apr 3 2006 // Won’t renew or insure new homeowners of commercial policies8 Sirius International withdraws Florida application Won’t do business as an eligible surplus lines insurer8 Florida AG files complaint against...
Apr 3 2006 // Bermuda-based United America Indemnity Ltd. has appointed Robert Cohen president and CEO of its subsidiary, Penn Independent Corporation.Cohen has been acting president and CEO since November 2005. From 1992, he was a...