Monthly Archives: <span>September 2014</span>

Best’s Reinsurance Industry Report Examines Relevancy of the Underwriting Cycle

A.M. Best has released its annual segment review of the global reinsurance industry, titled “How Relevant Is The Underwriting Cycle?” The special report includes a ranking of the top 50 global reinsurance groups and geographic breakouts of reinsurance segments. The …

Catlin Appoints Two Chief Underwriting Officers for London Hub

Paul Greensmith and Jonathan Gale have been appointed chief underwriting officers for Catlin Group Limited’s London hub, with primary responsibilities including insurance and reinsurance, respectively. Greensmith joins Catlin from RSA. Gale is currently a Catlin underwriting director for the London …

Chubb Insurance Appoints Rehman CEO of Chubb Europe

The Chubb Group of Insurance Companies announced the appointment of Jalil Rehman as Chief Executive Officer of Chubb Insurance Company of Europe. He has been with Chubb for 24 years and has served in various leadership positions. For the past …

Storm Clouds on the Reinsurance Horizon despite Record Capital

As the reinsurance industry prepares for its annual get together in Monte Carlo next week, a number of analytical reports have appeared, which show that, despite some significantly good numbers for the first six months of 2014, there are storm …

Ukraine Air-Crash Probe Points to Missile Strike on Malaysia Jet

Malaysia Airlines Flight MH17 crashed in eastern Ukraine after being hit by “a large number of high-energy objects,” the Dutch Safety Board said in findings that appear to point to a missile attack on the plane. The Boeing Co. 777 …

4 Strategies for Restoring Workers’ Compensation Profitability

Selling workers’ compensation comes at a price. In 2013, underwriters generated a loss of one percent for every premium dollar written. As such, agents also face many financial constraints, making this line of insurance anything but a solid business venture. …

S. Dakota Director: Don’t Charge Work Comp Premiums for Independent Contractors

Merle Scheiber, director of South Dakota’s Insurance Division, has issued a reminder to workers’ compensation insurers that bona fide independent contractors are not required to carry workers’ comp insurance under state statute. Scheiber said the division has found that some …

Roach Howard Smith & Barton Adds Stalcup in Fort Worth

Jamie Stalcup has joined Texas-based independent insurance brokerage Roach Howard Smith & Barton as a personal client advisor for personal lines insurance sales in the agency’s Fort Worth office. Stalcup began her insurance career in 2005 and has specialized in …

South Dakota Division of Insurance Moves Offices

The South Dakota Department of Labor and Regulation’s Division of Insurance (DOI) office has relocated to 124 S. Euclid Avenue, 2nd floor in Pierre. The office was previously located at 445 E. Capitol Ave. Official mailing address is: S.D. Division …

Parker Joins Berkley Fire and Marine Underwriters in Detroit

Chicago, Ill.-based Berkley Fire and Marine Underwriters hired Jaymee Parker as a territory underwriting manager. She is based in Detroit, Mich. Parker will be responsible for agency relationships and underwriting growth for Michigan. Parker most recently served as a territorial …