Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Southern Insurance Underwriters Names Third Generation Duesenberg As President
Aug 7 2014 // Wesley C. (Tripp) Duesenberg, III, has been named president of Georgia-based managing general agency Southern Insurance Underwriters. He will succeed Wesley C. Duesenberg Jr., who has served as president for the previous...
New Day Underwriting Managers Hires Account Manager in N.J.
Aug 7 2014 // Heidi Burke New Day Underwriting Managers LLC, a Hamilton, N.J.-based specialty intermediary for environmental and construction-related professional liability insurance coverage, has hired Heidi Burke as account manager....
Atlas General Insurance Services, LLC Hires Jill Bay-Weber as the Senior Vice President of the Commercial Division
Aug 7 2014 // San Diego, Calif. (Aug. 7, 2014) – Atlas General Insurance Services, LLC, a national multi-line program manager, welcomes Jill Bay-Weber as the new senior vice president of the commercial division. In her new role,...
Berkshire Profit Soars; Geico, Gen Re Profits Up
Aug 4 2014 // Net income for Berkshire-Hathaway soared nearly 41 percent to $6.4 billion in second-quarter 2014, with nearly $2.0 billion of investment gains lifting the total, while underwriting profits for Berkshire-Hathaway’s...
Hartford’s Q2 Core Earnings Decline 38% to $144M; Net Loss Widens
Jul 31 2014 // The Hartford Financial Services Group said Wednesday its 2014 second quarter net loss widened to $467 million, compared to a net loss of $190 million during last year’s second quarter. The results were hit by $617...
SCI Underwriting Management Launches Four New Products for Aging Service Industry
Jul 31 2014 // SCI Underwriting Management, LLC, a managing insurance agency with a focus on the aging service industry, has launched four new products for the segment: property (ultimate cover); nursing home auto coverage; crime...
LevelFirst Adds Taylor as Senior Underwriter/Broker in Dallas
Jul 23 2014 // LevelFirst, a wholesale broker and managing general agency based in Dallas, Texas, announced Ryan Taylor has joined the company as a senior underwriter/broker. Taylor brings 10 years of wholesale experience to the company....
U.S. Risk Names Jonathan Hagan an Underwriter for the Dallas Commercial Underwriting Division of U.S. Risk Underwriters, Inc.
Jul 23 2014 // Dallas, TX – July 23, 2014 – U.S. Risk Insurance Group, Inc. (www.usrisk.com), the eighth largest managing general agency and surplus lines wholesaler in the nation, announced that it has named Jonathan Hagan an...
CGS&C’s New MGA Targets U.S. Healthcare Industry with Lloyd’s
Jul 22 2014 // Wholesale insurance broker Cooper Gay Swett & Crawford (CGSC) has launched an underwriting management agency specializing in the healthcare industry. The new venture, Pro-Praxis Insurance, will be led by Robert Allen...
P/C Insurers’ Profit Dipped in Q1
Jul 21 2014 // Private U.S. property/casualty insurers’ net income after taxes fell to $13.8 billion in first-quarter 2014 from $14.3 billion in first-quarter 2013. Insurers’ pretax operating income – the sum of net gains...
Lloyd’s Underwriters Find Success with U.S. Subsidiaries: SNL
Jul 21 2014 // Insurers Hiscox Ltd., Beazley Plc and Catlin Group Ltd. are reaping the benefits of the U.S. market, according to a report from SNL Financial. SNL data shows how the three companies with significant participation in the...
Fitch Forecasts Shrinking P/C Insurer Profits
Jul 17 2014 // Fitch Ratings is forecasting that 2014 will end up as the second consecutive year of underwriting profits for the property/casualty industry with modest increase in the combined ratio. But the results for 2014 won’t...
CFC Underwriting Launches Intellectual Property Product
Jul 16 2014 // Specialist lines underwriting agency CFC has launched an intellectual property product focused on small and medium sized companies. The product can cover the costs associated with a number of intellectual property...
Liberty Mutual Expands Large, Global Property Risk Unit; Adds 5 Underwriters
Jul 10 2014 // Aiming for a bigger role in the market for large, complex global property risks, Liberty Mutual has expanded its National Accounts Property unit and added five underwriters. The unit provides ground-up, shared and layered,...
Lloyd’s Underwriters Find Success with U.S. Subsidiaries: SNL
Jul 7 2014 // Insurers Hiscox Ltd., Beazley Plc and Catlin Group Ltd. are reaping the benefits of the U.S. market, according to a report from SNL Financial. SNL data shows how the three companies with significant participation in the...
Arch Capital Makes Reinsurance Group Promotions; Management Changes
Jul 7 2014 // The Bermuda-based Arch Capital Group Ltd. (ACGL) has announced promotions in the reinsurance group “to support the recent expansion of the Company’s mortgage insurance and reinsurance operations.” Marc...
How New Capital is Changing P/C and What To Do About It
Jul 7 2014 // As waves of capital reshape reinsurer’s business model, the property/casualty (P/C) insurance industry needs to change, although how remains a matter of debate. Reinsurers face a growing threat from the capital...
P/C Insurers’ Profit Dipped in Q1
Jul 6 2014 // Private U.S. property/casualty insurers’ net income after taxes fell to $13.8 billion in first-quarter 2014 from $14.3 billion in first-quarter 2013. Insurers’ pretax operating income – the sum of net...
Markel Now Underwriting Trade Credit Insurance in U.S.
Jul 2 2014 // Markel Corp. is now underwriting trade credit insurance in its New York office. Policies will be underwritten on an admitted basis, utilizing two Markel insurance companies, Markel American Insurance Co. and Markel...
All Risks Taps Julien as California Workers’ Comp Underwriter
Jun 30 2014 // Danielle Julien has been hired by wholesaler All Risks Ltd. as a workers’ compensation brokerage underwriter located in San Diego, Calif. Julien will write workers’ compensation business with retail agents in...
