All the headlines from our Underwriting Topic Page, ordered by recency.
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...
Sep 22 2005 // A man in McKees Rocks, Pa., was indicted by a federal grand jury this week on charges of embezzling $400,000 from an insurance company and using the money to buy sports cards, sports memorabilia and vehicles.Richard...
Sep 22 2005 // Burns & Wilcox Ltd. named Lisa Sanderson underwriter in the company’s Reno office. As a Burns & Wilcox underwriter, Sanderson is responsible for new and renewal production and relationship development with...
Sep 19 2005 // Southeast Surplus Underwriters General Agency Inc., based in Beaumont, Texas, announced the addition of Renee Becker as marketing assistant. As a marketing assistant for SES, Becker will be responsible for providing...
Sep 19 2005 // Affable Aquarius (21 January — 19 February) The gentle qualities of Aquarius are reflective in an average claims record on all counts. The Aquarian drivers consider themselves sensible, responsible and...
Sep 19 2005 // Dr. Robert Moore, former senior vice president of Alexander & Alexander Services Inc. (now owned by Aon Corporation), and also past president of the National Association of Insurance Brokers, sat down recently with...
Sep 16 2005 // Bermuda-based Platinum Underwriters Holdings, Ltd. announced that its estimated losses, net of reinstatement premiums, tax benefits and retrocessional recoveries, from Hurricane Katrina will be approximately 0.5 to 0.6...
Sep 16 2005 // XL London Market Ltd. [XLLM], a unit of Bermuda’s XL Capital Ltd., has announced the appointment of Michael Moss, David Scully, Clare Pardy, Susie Collier and Mark Bosshard to its London-based Fine Art & Specie...
Sep 14 2005 // HCC Credit Group (HCC Credit) announced that Brian E. Duffy, Carl R. Nederman and Mark P. Rickert would be joining the company as senior vice presidents from Trade Underwriters Agency (TUA), an underwriting agency they...