Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Arthur J. Gallagher Acquires American Wholesalers Underwriting in Connecticut
Apr 28 2014 // Arthur J. Gallagher & Co. recently announced the acquisition of American Wholesalers Underwriting in Stamford, Conn. Terms of the transaction were not disclosed. Established in 1994, American Wholesalers Underwriting...
Chanona joins XL Group as Senior Marine Underwriter in Mexico
Apr 25 2014 // A bulletin from XL Group notes: “As Mexico’s multinational companies continue to take a greater stake in the global market, protecting their assets across borders has become increasingly critical.” In...
Allied World Posts $177 Million Q1 Net Income; Underwriting, Investment Gains
Apr 24 2014 // Allied World Assurance Company Holdings, AG reported net income of $177.0 million, or $5.23 per diluted share, for the first quarter of 2014 compared to net income of $159.0 million, or $4.49 per diluted share, for the...
Florida Ban on Gun Ownership in Insurance Underwriting Goes to Governor
Apr 24 2014 // A Florida bill that would forbid insurance companies from refusing to serve or charging higher rates to applicants based on their ownership of a firearm has been sent to Gov. Rick Scott to sign. The measure passed the...
MEMIC Adds to Underwriting Teams in Virginia, Maryland and Florida
Apr 24 2014 // The MEMIC Group has appointed three underwriters for its territories in Virginia, Maryland and Florida. Timothy Cook, Michael Diamond and Scott Meinke joined the group’s underwriting team as senior production...
Farrell Promoted to Surety Underwriter at Michigan’s J.M. Wilson
Apr 22 2014 // Portage Mich.-based managing general agency and surplus lines insurance broker, J.M. Wilson, has promoted Stephanie Farrell to surety underwriter. Farrell will be responsible for underwriting commercial and fidelity bonds...
2013 P/C Insurers’ Results Show Net Gain on Underwriting– First Since 2007
Apr 21 2014 // U.S. property/casualty insurers’ net income after taxes grew to $63.8 billion in 2013 from $35.1 billion in 2012, with insurers’ overall profitability as measured by their rate of return on average...
Markel Int’l. Appoints Tidey Assistant Marine Underwriter in Singapore
Apr 21 2014 // Specialist insurer Markel International has appointed Luke Tidey as an assistant marine underwriter in its Singapore office. He joins the team in Singapore from Markel’s Stockholm office where he held the same...
Growth, Profitability to Continue for U.S. Commercial Lines: Fitch
Apr 21 2014 // Fitch Ratings said it maintains a stable rating outlook for the U.S. commercial lines sector due to improving profitability over the past two years and strong capital levels allowing insurers to withstand considerable...
Brett Barnsley Joins OnPoint Underwriting as Director of Tribal Business Development
Apr 17 2014 // Denver, CO, 4/17/14 – OnPoint Underwriting, one of the nation’s leading program managers for Sovereign Nations, announced Brett Barnsley has been appointed director of tribal business development. For nearly 30...
Specialty Risk Associates Adds Faust as Commercial Lines Underwriter
Apr 7 2014 // Shreveport, La.-based Specialty Risk Associates Inc. announced that Cody Faust joined the firm as a commercial lines underwriter. Prior to joining Specialty Risk, Faust worked in marketing and business development for a...
Mackey Named VP-Underwriting at Columbia Insurance Group
Apr 7 2014 // Columbia Insurance Group (CIG), headquartered in Columbia, Mo., welcomed Scott Mackey to its executive team in the newly created role of vice president of underwriting. Mackey is a seasoned insurance professional with 30...
Environmental Exposure: Flood Risk in the Oil & Gas Industry
Apr 7 2014 // There has been much discussion regarding the increasing frequency and intensity of storms around the world. While both underwriters and insurance buyers are concerned with exposure to potential catastrophic losses from...
Fitch Sees Growth, Profitability Continuing for U.S. Commercial Lines
Apr 3 2014 // Fitch Ratings said it maintains a stable rating outlook for the U.S. commercial lines sector due to improving profitability over the past two years and strong capital levels allowing insurers to withstand considerable...
Hilltop Holdings Inc. to Acquire SWS Group
Apr 2 2014 // Hilltop Holdings Inc., a Dallas-based financial holding company with interests in financial services and insurance operations, announced an agreement to acquire SWS Group Inc., a holding company that provides investment...
Hudson Acquires Trucking Program Manager, Motor Transport Underwriters
Apr 2 2014 // Hudson Insurance Group has acquired Motor Transport Underwriters Inc. (MTU), an underwriting, claims and risk management specialist in the long-haul trucking arena with which Hudson does business. The announcement said MTU...
Johnson & Johnson Acquires Midwest’s Stateside Underwriting
Apr 1 2014 // Charleston, South Carolina’s Johnson & Johnson has acquired Stateside Underwriting Agency Inc. (SUA) in Crystal Lake, Illinois, and Chagrin Falls, Ohio. SUA will continue to operate under the leadership of...
Innocent Joins LevelFirst in Dallas as Associate Underwriter
Mar 28 2014 // LevelFirst, a wholesale broker and managing general agency based in Dallas, Texas announced that Kate Innocent has joined the firm as an associate underwriter. Innocent brings over 10 years of insurance experience and...
Top 10 HOT Markets to Watch
Mar 24 2014 // Insurance Journal examined industries experiencing changes and expansions in the past year. Here are the top 10 market sectors that just might deliver hot opportunities for agents and brokers in the property/casualty...
Best Revises Outlook on Chubb and Subs ICR Ratings to Positive; Affirms FSR
Mar 21 2014 // A.M. Best has revised the outlook of the issuer credit ratings (ICR) to positive from stable and affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and the ICRs of “aa+”of the...
