Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
EXL Acquires Underwriting Support Services Firm, Overland Solutions
Nov 4 2014 // Business process solutions company EXL has acquired Overland Solutions Inc., an Overland Park, Kan.-based provider of underwriting support services including premium audit, commercial and residential underwriting surveys...
AIG Q3 Net Income Rises 1% to $2.19B, More Share Buybacks Planned
Nov 4 2014 // Insurer American International Group on Monday reported better-than-expected third quarter earnings, bolstered in part by improved performance at core insurance operations. After-tax operating income jumped 23 percent from...
Wholesaler RT Specialty Acquires Tennessee Underwriters
Nov 4 2014 // Ryan Specialty Group’s wholesale brokerage, R-T Specialty, LLC (RT) has acquired the assets of excess and surplus broker, Tennessee Underwriters Inc. (TUI). A family-owned business, TUI was formed in 1980 in...
Boston Insurance Brokerage Hires Roderiques as Workers’ Comp Underwriter
Nov 3 2014 // John Roderiques Boston Insurance Brokerage Inc., a national wholesale broker based in Boston, has hired John Roderiques as an underwriter of workers’ compensation, to further develop and manage the firm’s...
How to Navigate Today’s Agency E&O Market
Nov 3 2014 // While many agencies stick with their agency errors and omissions (E&O) carrier, those that do shop around tend to do so when premiums are rising. According to Insurance Journal‘s exclusive 2014 Agency E&O...
A.M. Best Upgrades Rating of Greenlight Reinsurance Ireland
Oct 31 2014 // A.M. Besthas upgraded the financial strength rating (FSR) to A (Excellent) from A- (Excellent) and the issuer credit rating (ICR) to “a” from “a-” of Greenlight Reinsurance Ireland...
The Hartford Profit Up 32% in Q3
Oct 29 2014 // The Hartford reported third quarter 2014 net income totaled $388 million, up 32 percent from $293 million in third quarter 2013. The insurer said core earnings were $477 million for the three months ended Sept. 30, 2014,...
Stratton Promoted to Property/Casualty Underwriter at J.M. Wilson
Oct 28 2014 // J.M. Wilson has promoted Kristy Stratton to property/casualty underwriter in its Portage, Mich., office. She is responsible for quoting new and renewal accounts for a wide variety of commercial property and casualty risks,...
Barker Joins ANV Syndicate 1861 as Political Risk & Violence Underwriter
Oct 28 2014 // ANV Holdings BV, the Dutch-headquartered specialty insurance business, announced that Julian Barker has joined its ANV Syndicate 1861 as an underwriter in the political risk & violence team. With more than a decade of...
Capstone Underwriters’ Bellet Honored by French Government
Oct 27 2014 // Alain A. Bellet, owner and president of Capstone Underwriters LLC, in Dallas, Texas, has been awarded the Medal of Chevalier of the Legion of Honor, the highest decoration given by the government of France. Alain...
Monarch Names Neville Senior Underwriter in California
Oct 24 2014 // Monarch E&S has named Deb Neville a senior commercial lines underwriter in its San Diego, Calif. branch office. Neville has extensive commercial lines experience and has been working in the excess and surplus lines...
ACE’s Greenberg Says TRIA Inaction ‘Shameful’; Defends Ebola Underwriting
Oct 22 2014 // The failure of Congress to renew federal terrorism reinsurance legislation is “shameful” because both political parties know it needs to be done and their differences are minor, an insurance executive said...
MEMIC Hires Comer as Senior Production Underwriter in Virginia
Oct 22 2014 // Roger Comer Workers’ compensation insurer The MEMIC Group has hired Roger Comer as senior production underwriter to serve its agents in Northern Virginia and Maryland. Comer is based in The MEMIC Group’s Tysons...
Travelers’ Profit Up 6% for Q3 on Investment Income, Lower Cat Losses
Oct 21 2014 // The Travelers Companies Inc. today reported net income of $919 million for the quarter ended Sept. 30, 2014, up more than six percent compared to net income of $864 million in the prior year quarter. Operating income in...
Hardy Promotes Wright in Asia; Hires Bond and Osorio in London
Oct 21 2014 // Hardy Underwriting Asia Pte Ltd (Hardy Asia), a subsidiary of CNA Financial Corporation, has promoted Chris Wright as director and principal officer for Hardy Asia. (Hardy is a specialist underwriting business operating...
XL Adds 3 Underwriters to Cyber & Technology Risk Unit in New York
Oct 20 2014 // XL Group’s Cyber and Technology business unit has added three underwriters, Sean Donahue, Elissa Doroff and Richard Schulz, to its New York-based team. Donahue joins XL Group from Dewitt Stern Group where he most...
P/C Insurers’ Net Income Rose in First-Half of 2014
Oct 20 2014 // U.S. property/casualty insurers’ net income rose $1.6 billion to $26.0 billion in first-half of 2014 while pretax operating income fell $1.9 billion to $23.9 billion in first-half 2014, a decrease driven by lower...
Pioneer Underwriters Launches Pioneer Special Risk of N.Y.
Oct 16 2014 // Pioneer Underwriters has launched a new division called Pioneer Special Risk of New York and hired Gary Dubois as division president. Based in New York, Dubois is joined by Steve Sitterly, chief operating officer, and...
Venture Insurance Promotes Zamadics to Underwriting Manager in Penn.
Oct 14 2014 // Venture Insurance Programs, a program administrator in West Chester, Pennsylvania, promoted Anne Marie Zamadics to underwriting manager for its Preferred Club program for golf and country clubs and Suitelife program for...
Burns & Wilcox Names Three to Its Los Angeles Office
Oct 8 2014 // Burns & Wilcox added Kathy Quick, Taylor Armitage and Amy Holt to its growing Los Angeles, Calif. office. Quick was named senior underwriter in personal insurance. Quick is responsible for driving increased coverage...
