Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Cargo Specialist Franks Joins Marketform Underwriting Team
Jan 28 2014 // London-based Lloyd’s specialist underwriter Marketform announced that it has “secured the consultancy services of experienced marine practitioner Howard Franks who will work with cargo underwriter Nicholas...
Altitude Risk Partners Launches 1st Underwriting Cell on Castel’s MGA Platform
Jan 23 2014 // Castel Underwriting Agencies Limited, a member of the Barbican Insurance Group, announced that Altitude Risk Partners has become the first underwriting cell to utilize its “club-style” MGA platform to create a...
Travelers More Than Triples Profit in Q4 on Lower Disaster Losses, Higher Prices
Jan 21 2014 // Travelers Cos., the property/casualty insurer in the Dow Jones Industrial Average, said fourth-quarter profit more than tripled as claims costs from natural disasters fell a year after Superstorm Sandy. Net income rose to...
Florida Bill Would Restrict Insurers in Underwriting Gun Owners
Jan 17 2014 // Florida lawmakers say they want to protect policyholders’ second amendment rights to bear firearms by preventing insurers from issuing, renewing or canceling a policy based on whether the policyholder possesses a...
Marketform Strengthens Marine Team with McKellow Appointment
Jan 17 2014 // Specialist Lloyd’s insurer Marketform has strengthened its Marine team with the appointment of London market practitioner, Chris McKellow, who has joined the company as a senior underwriter for Marine Liability. CEO...
New Day Underwriting Managers Appoints Account Manager in N.J.
Jan 15 2014 // New Day Underwriting Managers LLC, a Bordentown, N.J.-based environmental and construction-related professional liability resource for insurance agents and brokers, has named Mara Majeeda as an account manager within the...
Pioneer Underwriters Launches Sub-Syndicate 1980 with Liberty’s 4472
Jan 14 2014 // Pioneer Underwriters announced the launch of their Lloyd’s Sub Syndicate 1980 in conjunction with Liberty Syndicate 4472. Syndicate 1980 began writing business on the first of January 2014, and will have a capacity...
Insurance Programs of America Adds Lynn Vogel to Hotel Underwriting Division
Jan 14 2014 // Orlando, Fla. (Jan. 14, 2014) – Insurance Programs of America, a nationwide MGA and wholesale brokerage firm, announced a new addition to their hotel underwriting division. Lynn Vogel will be joining IPOA as an...
Hull & Company Names Dumag as Underwriter, Broker in California
Jan 13 2014 // Jennifer Dumag has joined Hull & Company Inc. in its Stockton, Calif. office as a commercial lines underwriter and broker. Dumag will be responsible for marketing, underwriting and placement of excess and surplus and...
P/C Insurers Show Big Gain in Underwriting Profits
Jan 13 2014 // Private U.S. property/casualty insurers’ net income after taxes rose to $43 billion in nine-months 2013 from $27.8 billion in nine-months 2012, with insurers’ overall profitability as measured by their...
MarketScout Adds National Fine Arts, Collectibles Underwriting Facility
Jan 9 2014 // Dallas-based MarketScout announced it has acquired a specialty fine arts and collectibles underwriting facility providing coverage in 48 states and the District of Columbia. The facility targets all types of fine arts and...
Lloyd’s Underwriters Warn of Rising Danger from Cyber Terrorism
Jan 3 2014 // An article on the Lloyd’s website notes that “industrial facilities from nuclear plants to dams are increasingly coming under attack from cyber terrorists bent on causing physical damage and disruption from...
All Risks Ltd. Acquires Minnesota-Based Stonebridge Underwriters
Jan 3 2014 // Independent insurance wholesaler, All Risks Ltd. announced it has acquired Stonebridge Underwriters, a national general agency and program administrator, based in St. Paul, Minn. Stonebridge Underwriters offers a variety...
Best Affirms Cincinnati Financial and Subs Ratings; Outlook Stable
Dec 24 2013 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of The Cincinnati Insurance Company, The Cincinnati Indemnity Company and...
P/C Insurers Boost Bottom Line on Big Gain in Underwriting Through 9 Months
Dec 23 2013 // Private U.S. property/casualty insurers’ net income after taxes rose to $43 billion in nine-months 2013 from $27.8 billion in nine-months 2012, with insurers’ overall profitability as measured by their...
Business Risk Partners Hires 3 Underwriters in Connecticut
Dec 22 2013 // Business Risk Partners, a Windsor, Conn.-based managing general agency focused on specialty commercial insurance, recently added three new underwriters. Elizabeth Chapin Martinelli was hired as a miscellaneous professional...
Judge Allows Investors’ Class Action Against Facebook, Underwriters Over IPO
Dec 19 2013 // Facebook Inc. and the underwriters of its May 2012 initial public offering must face a class-action lawsuit by investors claiming the company misled them about its financial condition, a judge ruled. U.S. District Judge...
Torus Appoints Milne to Accident & Health Team
Dec 19 2013 // Torus, the global specialty insurer, announced that John Milne has joined the company as Accident & Health Underwriter. The bulletin said the “appointment furthers Torus’ commitment to growing its Accident...
Delta General Adds Moss as Transportation Underwriter
Dec 16 2013 // Houston-based Delta General Agency Corp. announced that Craig Moss has joined the property/casualty insurance wholesale broker as senior transportation underwriter. Moss has been in the insurance industry for 17 years,...
Abrahams joins ANV Syndicate 1861 to Head Property Underwriting Group
Dec 2 2013 // ANV Holdings BV, the Dutch headquartered specialty insurance business founded by R. Matthew Fairfield, announced that Mark Abrahams has joined the firm to lead its Property Underwriting team for ANV Syndicate 1861. He has...
