-
Specialty Program Managers Staying Put, Carriers Say
Joseph Peloso, a veteran of the program business segment, remembers a time when unsolicited program proposals flooded the desks of property and casualty underwriters, offering more business than they could possibly handle.
-
ASJ - Using Self-Funding to Battle Clients Health Care Costs
The debate over health care reform continues to make headlines. Insurance agents and the American public are more attentive to the intense discussions in Washington than in the recent past. Consumers feel that prices are high and on the rise, and they feel no one should be without insurance. Business is more global now than ever before; employers are trying to compete, but they are also dealing with concerns over rising health care costs.
-
Delos Insurance Group's Bill Davis on 2010 Outlook
BestDay Audio Edition Podcats, Monday, December 28, 2009 - 2009 was a difficult year for property/casualty and excess-and-surplus insurers. Will 2010 bring relief? Bill Davis, head of Delos Insurance Group and Naxos Insurance Company, takes a closer look.
-
Delos Insurance Group Announces Launch of Naxos Avondale
New York and Boston, November 30, 2009 – Delos Insurance Group today announced that Naxos Avondale Specialty Casualty Inc. (Naxos Avondale), an underwriting management company focused on the specialty casualty excess and surplus line (E&S) markets, has officially launched operations and begun accepting business.
-
A.M. Best Reaffirms A- Rating for Delos Insurance Group
Delos Insurance Group, a leader in program business, today announced that A.M. Best Company, the credit rating organization, has reaffirmed its A- (Excellent) financial strength rating and provided the company with a stable outlook. The rating confirms A.M. Best's confidence in Delos Insurance in the context of its solid risk-adjusted capital position, adequate operating performance and excellent liquidity.
-
How to Achieve MGA Program Success: Retain Target Market Hometown Experts
With the property and casualty industry already mired in a sustained soft marketplace, the financial crisis has placed even more demands on insurance carriers to grow their top line. While strong competition for market share has become even more intense, insurers remain mindful that growing their premium volumes in an indiscriminate manner is hardly the solution...
-
Delos Insurance Group Announces E&S Joint Venture with Avoca Insurance Holdings
Delos Insurance Group, a leader in program business, today announced the signing of a joint venture agreement with Avoca Insurance Holdings (Avoca), a specialty underwriting management company. The newly formed underwriting management company called Naxos Avondale Specialty Casualty Inc.
-
Alex Hammett Joins Delos Insurance Group as SVP and Chief Actuary
Delos Insurance Group, a provider program business insurance, has named Alex A. Hammett as Senior Vice President and Chief Actuary. In his new role, Hammett will be responsible for all actuarial functions within Delos Insurance Group. He will report directly to Bill Davis, President and Chief Executive Officer of the Delos Group.
-
Like Minded
Program insurance may not be the wave of the future in commercial lines businesses, but for many companies it is an increasingly larger chunk. The program business, an especially efficient way to underwrite and administer similar risks, has been around for a long time. But according to Hank Haldeman, executive vice president of The Sullivan Group, a privately held consortium of companies involved in the insurance brokerage business, its growth has accelerated in the past 10 to 15 years.
-
Program Market Continues to Grow
In the past few years, property and casualty insurers' appetite for program business has grown considerably, and it continues to grow through this year, according to a survey by Guy Carpenter & Co. LLC. The leading global risk and reinsurance specialist's survey finds the program market evolving as insurance carriers remain focused on the core concerns of new business production, premium writings and profitable rate levels.
-
A.M. Best reaffirms Delos Insurance Group's Rating
Delos Insurance Company (Delos), a leader in program business, today announced that A.M. Best Company, the credit rating organization, has reaffirmed Lightyear Delos Group and its member companies' Financial Strength Rating of A- (Excellent) with a stable outlook, expressing the company's confidence in Delos' solid risk-adjusted capital position, adequate operating performance and excellent liquidity.
-
IT an integral component of our overall business strategy
While the business climate is soft, our business strategy focuses on outsourcing our policy issuance and claims handling to professional general agents and managing general agents. Generally, these agents have niche products that are somewhat insulated from the standard market pricing pressures. While we see a decline in the rate environment, we are holding steady to our underwriting standards.
-
DELOS INSURANCE COMPANY RANKED IN THE TOP PERCENTILE OF SUPER REGIONAL P/C INSURERS
Program business insurer Delos Insurance Company today announced that Demotech Inc., an independent actuarial services firm that provides ratings of property/casualty insurers and title insurance underwriters, has ranked Delos #60 out of 152 in its 2008 Super Regional P/C Insurers category.
-
AAMGA Members Foresee Extended Soft Market
SCOTTSDALE , ARIZ. -Insurance executives interviewed at an industry conference here said an end to the slide in insurance rates will not come soon, and the current U.S. economic climate is exacerbating conditions. Their comments came at the 82nd annual meeting of the American Association of Managing General Agents. In several interviews conducted by National Underwriter over the four-day event that concludes today, industry executives opined there is no quick end in sight for the soft market,
-
Real Estate Agents, Mortgage Brokers Could Leave Subprime Crisis Unscathed
The distressed mortgage investments that have triggered the current subprime crisis have estimated losses approaching tens of billions of dollars. These losses will clearly eclipse those caused by the implosion of Long Term Capital Management, a hedge fund that collapsed in the late 1990s, and the entire liquidated loss..
-
DELOS INSURANCE FORMS NAXOS, A NEW EXCESS & SURPLUS COMPANY
New Entity Provides Alternative Approach to Customized Coverages and Innovative Underwriting for E&S Marketplace Delos Insurance Company, a leader in program business, has created a new excess and surplus (E&S) lines company which will be a wholly-owned subsidiary of Delos. The new entity, Naxos Insurance Company,
