Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
SCOR Global P&C Appoints Gavazzi, Rousseau in Treaty Underwriting Area
Mar 12 2015 // SCOR announced it has made two underwriting appointments at its SCOR Global P&C unit. First, it appointed Umberto Gavazzi as chief underwriting officer for the Worldwide Treaty P&C operations of SCOR Global...
Lloyd’s Opens Specialist Underwriting Platform in Dubai
Mar 11 2015 // Lloyd’s has opened a new specialist underwriting platform in Dubai to provide tailored risk solutions across the Middle East. This brings the number of Lloyd’s businesses trading in the Dubai International...
OnPoint Underwriting Announces Paul Boehm as Senior VP of Tribal Program
Mar 9 2015 // Denver, CO, March 9, 2015– OnPoint Underwriting recently announced Paul Boehm has been appointed as senior vice president of its Program for Sovereign Indian Nations. OnPoint Underwriting has been a trusted insurance...
Capacity Plentiful, Pricing Remains Soft in D&O Marketplace
Mar 9 2015 // The directors and officers liability insurance marketplace continues to be a buyer’s market – with new entrants contributing to the plentiful capacity, competitive pricing and expanded terms, according to industry...
A Closer Look at Berkshire Hathaway’s Insurance Operations
Mar 4 2015 // Carrier Management Special Report Warren Buffett’s insurance beginnings and predictions; breaking out the insurance and reinsurance results; the growth and expectations for Berkshire Hathaway Specialty Insurance;...
State Farm Reports 2014 Underwriting Loss, Operating Profit
Mar 4 2015 // State Farm reported an underwriting loss in 2014, though investment and other income still helped leave it with an operating profit. The insurer’s combined property/casualty underwriting loss landed at $939 million,...
RenaissanceRe Completes Acquisition of Platinum Underwriters
Mar 2 2015 // RenaissanceRe Holdings Ltd. announced that it has completed its acquisition of Platinum Underwriters Holdings Ltd. The acquisition was originally announced on November 24, 2014. “The combination of RenaissanceRe and...
LIU Adds Underwriters to Risk Engineering Team
Feb 27 2015 // Liberty International Underwriters has added five risk engineers to its U.S. and Latin America risk engineering team to focus on energy-related opportunities and civil construction projects in response to the resurgence in...
Ariel Re Launches Ariel Specialty Insurance Managers
Feb 27 2015 // Ariel Specialty will commence underwriting E&S property business on March 1st, 2015, with business being written through wholesale brokers only on a limited appointment basis and on behalf of Ariel’s...
All Risks Adds Aimini as Brokerage Underwriter in Miami
Feb 27 2015 // Jorge Aimini has joined the Miami office of All Risks as a brokerage underwriter. Aimini’s responsibilities will comprise of underwriting accounts within the parameters of All Risks’ contract binding agreements...
Ratings of Houston-Based Delta Lloyds Insurance Co. Downgraded
Feb 24 2015 // Ratings agency A.M. Best has downgraded the financial strength rating (FSR) to B+ (Good) from B++ (Good) and the issuer credit rating (ICR) to “bbb-” from “bbb+” of Delta Lloyds Insurance Co. of...
Berkshire Hathaway Specialty Insurance Fills 2 Key Positions in Singapore
Feb 23 2015 // Berkshire Hathaway Specialty Insurance (BHSI) announced two appointments to its leadership and underwriting team in Asia, naming Malin Fredriksson as Asia regional head of first party lines, and Kiran Prakash as Asia...
Johnston Promoted to P/C Underwriter at Michigan-Based J.M. Wilson
Feb 23 2015 // Managing general agency and surplus lines broker J.M. Wilson promoted Samantha Johnston to property/casualty underwriter in its Portage, Mich., office. Samantha Johnston Johnston will be responsible for quoting, binding...
J.M. Wilson Promotes Tobolic to P/C Underwriter in Michigan
Feb 19 2015 // Insurance wholesaler J.M. Wilson has promoted Thomas Tobolic to property/casualty underwriter in its Portage, Mich. office. Thomas Tobolic Tobolic is responsible for quoting new and renewal accounts for a wide variety of...
Coverys Launches Excess & Surplus Lines Company
Feb 13 2015 // Coverys, a Boston-based provider of medical professional liability insurance and related services, announced the creation of Coverys Specialty Insurance Company, a new excess and surplus lines underwriting company. The New...
Outlook Revised to Stable for Illinois Casualty Co.
Feb 13 2015 // A.M. Best has revised the outlook to stable from negative for the financial strength rating (FSR) and issuer credit rating (ICR) of Illinois Casualty Co. (Illinois Casualty) in Rock Island, Ill., while affirming the FSR of...
Celona to Head Medical Professional at Liberty International Underwriters
Feb 12 2015 // Liberty International Underwriters (LIU), part of Liberty Mutual Insurance, has named Valoree Celona to its recently-created position of senior vice president of Medical Professional Liability Insurance. Based in...
RenaissanceRe Gets Regulatory Nod to Acquire Platinum Underwriters
Feb 12 2015 // RenaissanceRe Holdings Ltd. announced it has received all regulatory approvals required in connection with its previously announced acquisition of Platinum Underwriters Holdings, Ltd. The transaction remains subject to...
A.M. Best: Outlook Stable for Oklahoma Farm Bureau Mutual
Feb 11 2015 // A.M. Best has revised the outlook to stable from negative and affirmed the financial strength rating of B- (Fair) and the issuer credit ratings of “bb-” of the members of Oklahoma Farm Bureau Group: Oklahoma...
P/C Insurers’ Surplus Rose, Profit Fell in 2014’s First 9 Months
Feb 9 2015 // The first nine months of 2014 saw policyholders’ surplus for the U.S. property/casualty insurance industry reach record levels. At the same time, net income after taxes declined substantially and overall...
