Insurance
Company Overview of Western World Insurance Group, Inc.
Company Overview
400 Parson's Pond Drive
Franklin Lakes, NJ 07417-2600
United States
Founded in 1964
Key Executives for Western World Insurance Group, Inc.
Western World Insurance Group, Inc. Key Developments
Western World Insurance Group, Inc. reported earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported gross premiums written of $131.068 million compared to $86.971 million for the same period a year ago. Net premiums earned were $130.694 million compared to $65.656 million for the same period a year ago. Underwriting loss was $3.806 million compared to $5.794 million for the same period a year ago. For the six months, the company reported gross premiums written of $303.111 million compared to $150.930 million for the same period a year ago. Net premiums earned were $227.966 million compared to $127.155 million for the same period a year ago. Underwriting loss was $12.900 million compared to $10.509 million for the same period a year ago.
Western World Insurance Group, Inc. announced the appointment of Arya Yarpezeshkan as Senior Vice President, Director of Risk Management, effective October 3, 2016. Arya brings to the company two decades of career experience, having dedicated the last 12 years to integrated risk management and strategic planning. In his new role, Arya will be responsible for overseeing a small team of risk management analysts and building a comprehensive risk management framework for several enterprise functions. Arya’s team will be based in the U.S. and will help Western World expand its product scope, working to make new products and services available to its clients. He will report to the company Chief Operating Officer Thad DeBerry.
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