Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Pioneer Special Risk Commences Underwriting via New York Office
Dec 9 2014 // Pioneer Underwriters, a London-based underwriting group within Minova Insurance Holdings Ltd., announced that its New York-based division Pioneer Special Risk (PSR) has commenced underwriting. PSR was launched in October...
How and When to Shop for Agency E&O Coverage
Dec 9 2014 // While many insurance agencies stick with their agency E&O carrier for years, those that do shop around tend to do so when premiums are rising and, according to a recent Insurance Journal survey, more agencies are...
Latimer Appointed Environmental Risk Underwriter at ACE
Dec 9 2014 // ACE Group has appointed Robert Latimer as environmental risk underwriter as it continues to invest in building its environmental liability insurance capabilities in the UK & Ireland. Latimer will be responsible for...
North Dakota Fines Blue Cross $60K for Claims, Underwriting Violations
Dec 5 2014 // North Dakota’s insurance department has levied a $60,000 fine against the state’s largest health insurer for violating state law. Noridian Mutual Insurance Co. does business as Blue Cross Blue Shield of North...
K&B Underwriters in Virginia Partners With Freedom Specialty
Dec 2 2014 // K&B Underwriters, a Reston, Virginia-based program administrator and wholesale insurance brokerage for senior living facilities, announced its partnership with New York-based Freedom Specialty for its DigniCARE...
CoreLogic: Taking Big Data Analytics to New Customers and Consumers
Dec 2 2014 // Imagine an insured taking a photo of a property that gives underwriters every bit of information they need to assess the risk. CoreLogic is working to make that happen sooner rather than later. CoreLogic, a provider of...
Atlas General Insurance Services, LLC Expands Texas Presence with the Addition of Underwriting and Marketing Personnel
Dec 2 2014 // San Diego, CA, December 2, 2014– Atlas General Insurance Services, LLC, a national multi-line program manager, announces the expansion of its Texas presence with the hiring of key marketing and underwriting...
UK-Based MGAA Exceeds 100 Members With Century Underwriting
Dec 2 2014 // The Managing General Agents’ Association (MGAA), the UK-based organization dedicated to representing true MGAs, has exceeded the 100 member mark following the addition of commercial lines specialist Century...
2014 State Specialist P/C Insurers Revealed
Dec 1 2014 // The Demotech Company Classification System categorizes insurers into one of 11 categories based on an analysis of data reported by the companies to the National Association of Insurance Commissioners (NAIC). The 11...
Program Market a Target for Expansion, Good & Bad
Dec 1 2014 // Market Outpacing Overall P/C Industry The program insurance business market enjoyed its third consecutive year of growth in 2013 and appears on track to continue its expansion. However, while program business is attracting...
RenaissanceRe to Acquire Platinum Underwriters in $1.9 Billion Deal
Nov 24 2014 // RenaissanceRe Holdings Ltd. and Platinum Underwriters Holdings Ltd. announced that the companies have entered into a definitive merger agreement under which RenaissanceRe will acquire Platinum. Under the terms of the...
When P/C Insurance Carriers Can Cancel: The ‘Underwriting Period’ by State
Nov 21 2014 // Every state extends insurance carriers the right to cancel a newly-written policy during the first days of the policy period. This is commonly known as the new policy “underwriting period.” An underwriting...
China Re to Underwrite at Lloyd’s, Syndicate to Be Managed by Catlin
Nov 21 2014 // China Reinsurance (Group) Corporation has received approval from Lloyd’s to transform its existing special purpose syndicate into a stand-alone syndicate that will underwrite a diversified book of business, initially...
XL Names AIG’s Smith to Southeast Property Underwriting Post
Nov 20 2014 // To address the property insurance needs of industrial and commercials properties in Atlanta and the surrounding region, XL Group has appointed Mike Smith as the new Southeast regional underwriting leader in its North...
PIA of Florida, National Insurance Underwriters Launch E&O Partnership
Nov 18 2014 // The Professional Insurance Agents of Florida Inc. (PIA of Florida) has tapped National Insurance Underwriters (NIU) as the official underwriter of its insurance agents’ professional liability errors and omissions...
Lancer Indemnity Hires Wind as Underwriter in New York
Nov 18 2014 // Lancer Indemnity Company, a standard lines commercial property/casualty insurance company in Long Beach, New York, has hired Mickey Wind as underwriter. In this position, Wind will focus on new business accounts and...
Hamilton Insurance Plans to Acquire Sportscover Underwriting at Lloyd’s
Nov 18 2014 // Hamilton Insurance Group, the Bermuda-based holding company for property-casualty reinsurer Hamilton Re and insurer Hamilton USA, announced it has entered into a share purchase agreement to acquire Sportscover Underwriting...
CNA Hires DeVinney as Commercial Underwriting Officer in New York
Nov 17 2014 // David DeVinney CNA Financial Corporation hired David DeVinney as commercial underwriting officer for its branch offices in Long Island and Westchester, New York, and Hartford, Connecticut. Based in New York, DeVinney will...
Catlin Group Interim Report Shows 11% Hike in Gross Premiums Written
Nov 13 2014 // Catlin Group Limited, the Bermuda-based specialty property & casualty insurer and reinsurer, has issued its interim management statement for the nine-month period ended September 30, 2014, which shows premiums reported...
Utah Now Scene of Legal Battle Involving Rolling Stones
Nov 11 2014 // Insurance underwriters involved in a legal battle with the Rolling Stones over a $12.7 million claim have won permission to seek evidence in Utah about the mental health of Mick Jagger’s girlfriend before she took...
