All the headlines from our Underwriting Topic Page, ordered by recency.
Mar 16 2005 // Burns & Wilcox of Dallas/Fort Worth announced the promotion of Andrew Littlejohn to associate underwriter. As an associate underwriter, Littlejohn is responsible for producing new business and maintaining his renewal...
Mar 8 2005 // By Chairman Warren Buffett’s own admission, Berkshire Hathaway Inc. did not have one of its best years in 2004. Last year, Berkshire’s book-value gain of 10.5% fell short of the S&P 500 Index’s 10.9%...
Mar 8 2005 // If a Washington measure becomes law, responsible pet owners who take care of their animals will face higher insurance costs to subsidize rates for others with dogs more likely to bite, according to the American Insurance...
Mar 7 2005 // Four investment banking firms that participated as underwriters in WorldCom’s May 2000 bond offering have agreed to pay a total of $100.3 million to settle the claims asserted against them in the WorldCom securities...
Mar 7 2005 // Wal-Mart, Morgan Stanley, Boeing, Texaco, State Farm and Farmers have all been the targets of recent employment practices lawsuits. Wal-Mart was hit with sexual harassment charges. Farmers was sued for wrongful...
Mar 7 2005 // Insurers must not be lulled into thinking that the Directors and Officers liability market has recovered because the quantity of cases remain high and the complexities of litigation are overwhelming.As a result, carriers...
Mar 4 2005 // Max Re Ltd., has announced the following appointments in its insurance division. All appointments are still pending Bermuda Immigration approval.Angelo Guagliano has been appointed president and chief underwriting officer,...
Mar 2 2005 // London-based Beazley has started underwriting specialty lines business locally in the U.S. on behalf of its syndicates at Lloyd’s.The opening of its office in Farmington, Conn. is part of Beazley’s plans to...
Mar 1 2005 // QBE announced on Tuesday it had agreed to acquire Greenhill Underwriting Group, subject to regulatory approval, to enhance its strength and profile in the continental European market.Greenhill is a UK-based underwriting...
Mar 1 2005 // William Blair & Company has initiated research coverage of Specialty Underwriters’ Alliance Inc., a start-up commercial property/casualty underwriter based in Chicago, focused on the specialty program business...
Mar 1 2005 // Trident Insurance Services LLC, a member of San Antonio-based Argonaut Group Inc., announced that Thomas Murphy has been appointed senior vice president of Underwriting. As chief underwriting officer, Murphy is responsible...
Feb 28 2005 // Despite a hurricane-ravaged third quarter, property/casualty insurers reported profits of $28.1 billion in the first nine months of 2004, representing a 22.4 percent increase over the $22.9 billion earned during the same...
Feb 24 2005 // Bermuda-based Max Re Capital Ltd. announced that its subsidiary, Max Re Ltd., has made the following appointments in its reinsurance division: — John Doucette has been appointed president and chief underwriting...
Feb 22 2005 // Several events stand out in the history of Harleysville Insurance. There was its launch as an auto theft protection association in 1915 in the Pennsylvania community whose name it shares and there was its debut as a public...
Feb 21 2005 // European January reinsurance renewals confirm A.M. Best Co.’s expectations that underwriting discipline is being maintained, despite wide capacity availability. The rating agency noted that overall premium rates have...
Feb 21 2005 // In a collection of works titled The Life of Reason, the philosopher George Santayana wrote, “Those who cannot remember the past are condemned to repeat it.” Currently there’s a momentous shift underway in...
Feb 21 2005 // Have you heard the story of the shoemaker’s children? Although their father was a shoemaker, they always had the most worn shoes. The reason is their father spent so much time and effort taking care of his customers,...
Feb 21 2005 // As discussed in part one of this series in the Feb. 7 issue (page 34), fiduciary liability is one of the most misunderstood of management exposures. However, once one grasps the concept of personal liability embedded in...
Feb 15 2005 // Chicago-based Specialty Underwriters’ Alliance Inc., a commercial property and casualty insurance holding company, has appointed Paul Philp to its Board of Directors. Philp has held numerous senior executive...
Feb 10 2005 // Toronto-based Kingsway Financial Services Inc. announced financial results for the quarter and year ended Dec. 31, 2004, and the declaration of an initial quarterly dividend of 5 cents per share.For the fourth quarter net...