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John Seward
John Seward was named President of Home & Automobile Insurance Company in October 1975.
📝 Leadership and Reform
- Appointment: He assumed leadership during a period of very poor underwriting results (including the disastrous Florida expansion).
- Revamped Approach: Seward energetically implemented a completely revamped underwriting approach, specifically targeting the Cook County (Chicago) area.
- Strategy: His focus was on correcting pricing and selection criteria to move the subsidiary toward a combined ratio below 100.
- 1979 Progress: Made solid progress at Home and Automobile, expanding the company's general liability lines under the management of cautious liability managers John McGowan and Paul Springman.
🔗 Connections
- Company: Home & Automobile Insurance Company
- Source: 1975 Letter, 1976 Letter, 1979 Letter
📚 Historical Mentions & Citations (3)
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📜1975 LetterExcerpt Available▼
1975 LetterExcerpt Available
At our Home and Automobile Insurance Company subsidiary, now writing auto business only in the Cook County area of Illinois, experience continued very bad in 1975 resulting in a management change in October. John Seward was made President at that time, and has energetically and imaginatively implemented a completely revamped underwriting approach.
📜1976 LetterExcerpt Available▼
1976 LetterExcerpt Available
Our Home and Automobile Insurance Company subsidiary, writing primarily automobile business in the Cook County area of Illinois, experienced a strong recovery in 1976. This is directly attributable to John Seward who, in his first full year, has revamped significantly both rating methods and marketing. The auto business has been shifted to a six month direct bill policy, which permits a faster reaction time to underwriting trends. Our general liability business at Home and Automobile has been expanded significantly with good results. While it remains to be proven that we can achieve sustained underwriting profitability at Home and Auto, we are delighted with the progress John Seward has achieved.
📜1979 LetterExcerpt Available▼
1979 LetterExcerpt Available
John Seward continues to make solid progress at Home and Automobile Insurance Company, in large part by significantly expanding the marketing scope of that company in general liability lines. These lines can be dynamite, but the record to date is excellent and, in John McGowan and Paul Springman, we have two cautious liability managers extending our capabilities.