We are pleased to announce a number of new assignments in our Underwriting Division that are designed to help us adapt more quickly to changing market conditions in each line of business and capitalize on new ways to serve you better.
Tim Pasik, Senior Vice President – Underwriting, will now focus exclusively on the Excess Liability line of business, where our loss ratio remains relatively high and underwriting challenges persist.
In the D&O area, Karen Larson, Vice President – Underwriting, will work with the newest member of our Underwriting team, Fred Murnane, Senior Underwriting Officer – D&O, who has just joined us from Axis. Fred served in senior underwriting management roles at both Axis and Zurich North America, where he specialized in D&O, EPL, Fiduciary and other professional coverages. Karen and Fred will work together in the context of the oversupplied market for executive protection coverages to provide the broadest possible coverage for members at sustainable prices.
Gary Ladman will continue to oversee the Property facility in New Jersey, which has grown dramatically since its modest beginnings in 2001, and now serves more than 100 member companies throughout North America.
Each of these senior product line executives – Tim, Karen, Fred and Gary – will work closely with, and report to, Bill Cullen, Senior Vice President and Chief Underwriting Officer. As always, please feel free to contact any member of our Underwriting team directly with any questions or requests that you may have.