What’s New: In Brief (September 04, 2007)

XL Insurance, the global insurance operations of XL Capital Ltd., announced the increase of its underwriting capacity for construction projects, boosting its available capacity from $40 million to $100 million per project, according to a release.
Like many industries, the construction sector faces its share of business risks, john Gallagher, Chief Underwriting Officer, XL Insurance, said in a release. To better serve this industry, we are pleased to extend our underwriting capacity and more importantly, we are especially pleased to be able to deliver this new capacity with an expanded team of underwriters experienced in managing construction-related risks.

Kingsway Financial Services Inc. has wrapped up the first stage of implementation of Insurance Decisions, an end-to-end insurance processing application.
Insurance Decisions will provide rating, quoting, underwriting, issuance, billing, reinsurance, claims administration, management-reporting and bureau-reporting services, a release notes.
Lincoln General, a subsidiary of Kingsway, was issuing commercial policies using Insurance Decisions five months after implementation had begun.
The initial installation included policy, claims, billing and back-end reporting systems for three major lines of business, with the remaining lines scheduled to be completed by the end of August, Claude Smith, vice president and CIO, noted in a release.
This implementation is step on in consolidating 23 systems and 12 operating companies into one enterprise system.