All the headlines from our Underwriting Topic Page, ordered by recency.
Nov 6 2005 // Credit-based insurance scoring has been a contentious legislative and regulatory issue in the world of insurance for at least the last three or four years, but the nature of the debate has changed, Robert Detlefsen,...
Nov 2 2005 // Bermuda-based Max Re Capital Ltd. announced that Bank of America Securities LLC and Citigroup Global Market Inc. have exercised their option to purchase an additional 1,650,000 common shares of Max Re Capital Ltd. The...
Nov 1 2005 // Argonaut Group Inc., based in San Antonio, announced it has closed on the sale of an additional 210,000 shares of its common stock at a public offering price of $26.75 per share, before underwriting discounts and...
Nov 1 2005 // Arthur J. Gallagher & Co. announced the acquisition of InterPacific Underwriting Agencies Pty Ltd of Sydney, Australia. Terms of the transaction were not disclosed. Founded in 1997, InterPacific Underwriting Agencies...
Oct 25 2005 // AVRECO, a member of The Park Group with offices in Chicago, New York, Philadelphia, London, and Bermuda, has named Greg Schrom vice president responsible for the development of all lines of business in California and the...
Oct 24 2005 // Nick Lamparelli recently joined Connecticut Underwriters, Inc. and will be based out of the firm’s Portsmouth, New Hampshire office. Lamparelli joins the firm as a commercial lines underwriter. He will focus on new...
Oct 21 2005 // Lloyd’s CEO Nick Prettejohn, in what may be his last major address as Lloyd’s CEO (See IJ Web site Oct. 17 and 18), told those assembled for the ACORD Forum in London that underwriting discipline continues to...
Oct 21 2005 // Houston, TX – London American Risk Specialists, Inc., headquartered in Houston, Texas is pleased to announce the formation of a Social Services Underwriting department based out of the Dallas, Texas office. Mike...
Oct 18 2005 // Seattle-based Safeco reported solid third-quarter results, with net income of $101.1 million, or $0.80 per diluted share. This figure includes estimated after-tax net catastrophe losses of $115.8 million, or $0.91 per...
Oct 17 2005 // Hilb Rogal and Hobbs Company, headquartered in Glen Allen, Va., has appointed Michael Crowley to the position of president. In that role, Crowley will have overall responsibility for profit and loss, revenue growth,...
Oct 13 2005 // Chicago-based Specialty Underwriters’ Alliance Inc. reported that it does not expect any losses related to the recent hurricane activity. SUA President and Chief Executive Officer Courtney Smith stated, “Our...
Oct 12 2005 // Specialty Underwriters’ Alliance Inc. announced a new partner agent contract with Appalachian Underwriters, Inc., which specializes in small artisan and general contractors business such as carpentry, electricians,...
Oct 11 2005 // Universal Insurance Holdings of North America announced it has added new members to the Universal Insurance Company of Texas (UICTX) team, based in San Antonio.Katherine Moore, vice president of Texas operations for UICTX...
Oct 10 2005 // ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, announced the formation of ACE Energy, a new retail business unit which will focus on serving the complex insurance needs of the U.S. energy...
Oct 5 2005 // The U.S. property/casualty insurance industry’s net income after taxes rose 29.1 percent to a record $30.9 billion in first-half 2005 from $23.9 billion in first-half 2004. Reflecting the industry’s income, its...
Oct 5 2005 // Beazley Group plc announced that Orville Lewis is joining the company to establish a new underwriting practice focusing on U.S. transportation risks. Lewis brings to Beazley extensive experience of underwriting...
Oct 4 2005 // Bermuda-based ACE Limited announced that Citigroup Global Markets Inc. and Goldman, Sachs & Co. have exercised their option to purchase an additional 4,292,500 ordinary shares of ACE Limited. The option to purchase...
Oct 3 2005 // Victor McCarley Sr., executive director of the Alabama Independent Insurance Agents was presented the L.P. McCord National Education Award for outstanding commitment to education by Thomas Grau, president of the...
Oct 3 2005 // Seattle-based Physicians Insurance A Mutual Company has announced that Leslie Mallonee has been named senior vice president and chief information officer. Mallonee’s history in information technology includes his...
Sep 26 2005 // Lighthouse Underwriters LLC (www.lighthouseunderwriters.com), a program underwriting company that works with select industry groups, has expanded its ElderCare program with an assisted living package in Texas.The package...