Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
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...
P/C Insurers’ Net Income Rose, Operating Income Fell in First Half
Oct 6 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...
NSM Insurance Group Acquires Texas-Based Specialty Aviation Underwriters
Oct 2 2014 // NSM Insurance Group announced the acquisition of Specialty Aviation Underwriters (SAU), located in Addison, Texas. Founded over 20 years ago, SAU specializes in aviation products. NSM Insurance Group underwrites more than...
Northeast National Brokerage Offers Underwriting Facility for Petro Industry
Oct 1 2014 // Wholesale broker Northeast National Brokerage LLC has launched an underwriting facility, registered at Lloyd’s, that specializes in excess liability for the petroleum distribution industry. Available across the...
Complex Energy Industry Requires ‘Power’ Underwriters
Sep 25 2014 // The energy industry is not a risk for every underwriter; it requires considerable underwriting expertise due to its complexity and rapid growth. “Power is one of the fastest growing segments in the U.S,”...
Gorst & Compass Names Bacarti Senior Personal Lines Underwriter
Sep 22 2014 // Gorst & Compass Insurance has named Donna Bacarti its senior personal lines underwriter. Bacarti will manage the newly opened San Diego, Calif. branch. Bacarti has extensive personal lines experience and has been...
Insuring Products of the Mind
Sep 22 2014 // The rapid growth in patent infringement litigation in 2013 – almost 6,500 cases, or an increase of 25 percent over 2012, according to PricewaterhouseCoopers – might appear to be a strong motivator for at-risk...
Beckman Joins Berkley Fire and Marine Underwriters in Ohio
Sep 16 2014 // Chicago, Ill.-based Berkley Fire and Marine Underwriters hired Chris Beckman as operations and risk management director. He is based in Cincinnati, Ohio. Beckman will be responsible for underwriter support in systems, risk...
Atlas General Insurance Services, LLC, Announces Expansion of Republic Underwriters to Nine Additional States
Sep 16 2014 // San Diego, Calif. (Sept. 16, 2014) – Atlas General Insurance Services, LLC, a national multi-line program manager, is pleased to announce the expansion of its workers compensation presence throughout the United...
XL Launches Regional E&S Insurance Operation with Ex-Scottsdale Underwriters
Sep 15 2014 // XL Group has launched a regional underwriting operation in Scottsdale, Ariz. to offer brokers and clients in the Western U.S. more direct access to its excess and surplus insurance coverages The experienced underwriting...
Japanese Specialty Reinsurer Canopius Expands U.S. Footprint
Sep 10 2014 // Canopius Group Limited, the global specialty (re)insurance platform of Sompo Japan Nipponkoa Holdings Inc., said it is expanding its U.S. presence with the launch of Canopius Underwriting Agency Inc. (CUAI). Based in New...
Liberty International Adds 8 Underwriters to U.S. Excess Casualty Unit
Sep 10 2014 // Global specialty insurer Liberty International Underwriters (LIU), part of Liberty Mutual Insurance Group, has added eight underwriters to its U.S. Excess Casualty Division. “Our new staff brings added skill and...
Georgiou, Gladwell, Lefebvre Join Ascot Underwriting in Houston
Sep 9 2014 // London-based Ascot Underwriting Ltd. has appointed Banos Georgiou as chairman, Diana Gladwell as senior vice president, and Devin Lefebvre as vice president of Ascot Underwriting Inc. in Houston. The team will report to...
