Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Florida Senate OKs Ban on Insurance Underwriting Based on Gun Ownership
Mar 20 2014 // The Senate passed a bill that would make it illegal for insurance companies to deny policies or charge higher rates solely based on gun ownership. The bill passed on a 36-3 vote. Supporters have said some insurance...
Kinetic Insurance Brokers to Provide New Surety Bond Facility for UK, EU
Mar 14 2014 // Lloyd’s broker, Kinetic Insurance Brokers Limited announced that it has “entered into a multi-million pound underwriting agreement with Gable Insurance AG to underwrite Specialist Commercial Surety Bonds within...
State Farm Managed Underwriting Profit in 2013 Despite Loss on Auto
Mar 5 2014 // Even though State Farm’s auto businesses suffered a loss in 2013, the property/casualty companies reported a $230 million underwriting gain, State Farm reported. The $230 million gain of $230 million on earned...
Insurance Units’ Profits Drive Berkshire Hathaway
Mar 3 2014 // Insurance operations contributed $5.7 billion to total operating income of $15.1 billion for Berkshire Hathaway in 2013—with an underwriting profit of $2.0 billion (after taxes) representing the 11th year in a row with...
Effort to Put House in Order Paying Off: Meadowbrook Insurance CEO
Feb 26 2014 // Meadowbrook Insurance Group, based in Southfield, Mich., has struggled with many challenges during the past couple of years but the “strong remedial measures” implemented to correct unacceptable results are...
MarketScout Adds 3 to Fine Arts Underwriting Team in Illinois
Feb 26 2014 // Dallas-based electronic insurance exchange and specialty MGA, MarketScout, has expanded its national fine art and collectibles program with three new hires: Donna Hester, underwriter; Susan Soloman, underwriter; and Cheryl...
Best Upgrades American Financial Group and Affiliates Ratings
Feb 26 2014 // A.M. Best has upgraded the issuer credit rating (ICR) to “a-” from “bbb+” and the debt ratings of American Financial Group, Inc. (AFG). Best has also upgraded the financial strength rating (FSR) to...
Northeast PIA Survey Shows Prices Rising, But at Slower Pace
Feb 24 2014 // In the first month of 2014, the PIA affiliates in Connecticut, New Hampshire, New Jersey and New York conducted their second-annual Market Trends Survey and found that the heralded hard market may not be launching as...
People
Feb 24 2014 // Laurie Infantino has been named education director of Insurance Journal‘s Academy of Insurance. The insurance education professional will focus on the quality of the instructors and the education content offered by...
Walleck Named Chief Underwriting Officer at Meadowbrook Insurance Group
Feb 20 2014 // Meadowbrook Insurance Group Inc., based in Southfield, Mich., appointed Roger S. Walleck, as chief underwriting officer. Walleck will oversee all underwriting activities for Meadowbrook and the company’s insurance...
Hardy Underwriting Appoints Brosnan to Replace Merry as Chief Executive
Feb 20 2014 // Hardy (Underwriting Agencies) Limited, a specialist London-based re/insurance underwriting business, announced the appointment of David Brosnan as its chief executive. He has also been appointed to serve on the Hardy Board...
Ascot Underwriting Limited Appoints American Claims Management to Manage Commercial Property Program
Feb 20 2014 // San Diego, Calif. (02/20/2014) – American Claims Management Inc. (ACM), a national third party administrator (TPA), is pleased to announce that effective January 1, 2014, it began claims handling for the Commercial...
CNA Appoints Leisz SVP, Chief Underwriting Officer for Specialty Unit
Feb 19 2014 // CNA Financial Corp., based in Chicago, appointed Christopher Leisz as senior vice president and chief underwriting officer for CNA Specialty. Leisz will take on the oversight and governance for specialty insurance products...
CNA Appoints Leisz SVP, Chief Underwriting Officer for Specialty Unit
Feb 18 2014 // CNA Financial Corp., based in Chicago, appointed Christopher Leisz as senior vice president and chief underwriting officer for CNA Specialty. Leisz will take on the oversight and governance for specialty insurance products...
Patriot National, Stonewood Partner on Healthcare Program
Feb 13 2014 // Patriot National Insurance Group Inc., a workers’ compensation insurer based in Fort Lauderdale, Florida, has a new partnership with Stonewood National Insurance Co. for a healthcare industry program in the...
Gilmore Named VP, Underwriting at Iowa Mutual
Feb 12 2014 // Iowa Mutual Insurance Co. has selected Amy Gilmore as vice president, underwriting. Gilmore most recently served as vice president and product manager of underwriting at another casualty company. She previously held...
Catlin Group Increases Net Income to $392 Million in 2013
Feb 10 2014 // The Bermuda-based, London headquartered, Catlin Group announced very good financial results for the year ended December 31, 2013, with a 27 percent increase in profit before tax to $432 million, compared to $339 million in...
How to Attract the Right Underwriter for Transportation Clients
Feb 10 2014 // “There is no such thing on earth as an uninteresting subject; the only thing that can exist is an uninterested person” – G.K. Chesterton The insurance market for transportation risks is increasingly...
Buckley, Kryshak Promoted at Wisconsin-Based Church Mutual Insurance
Feb 6 2014 // Merrill, Wis.-based Church Mutual Insurance Co., an insurer of religious organizations, announced that Bob Buckley is the new vice president — underwriting and policyholder services and Cheryl Kryshak is the new vice...
ANV Makes Structural Changes, Additions to Lloyd’s Syndicate 1861 Team
Feb 5 2014 // ANV Holdings BV, the Dutch headquartered specialty insurance business, announced a wide restructuring of its underwriting leadership within ANV Syndicate 1861. The bulletin described the initiative “as a testament to...
