Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Hyperion Group Subsidiary DUAL to Acquire PGI Commercial
Oct 28 2013 // The London-based Hyperion Insurance Group, an international insurance intermediary, announced its intention to expand its underwriting agency business in the U.S. through the acquisition, by its subsidiary DUAL, also based...
UK’s Castel Underwriting Launches New ‘Club Style’ MGA Formation
Oct 28 2013 // UK-based Castel Underwriting announced the launch of a “new club style MGA formation platform that provides experienced and entrepreneurial underwriters with stable capacity and a fast-track route to creating their...
Maryland’s Chesapeake Employers Promotes Dreher to Director of Underwriting
Oct 24 2013 // Chesapeake Employers’ Insurance Company, formerly IWIF, recently announced that Joanne Dreher has been promoted to director of underwriting.Joanne DreherIn this new position, Dreher is responsible for the operational...
ACE Posts Record Q3 Operating Income of $857 Million; $916 Million Net
Oct 24 2013 // ACE Limited reported net income for the quarter ended September 30, 2013, of $916 million, $2.66 per share, compared with $640 million, $1.86 per share, for the same quarter last year. Operating income was $857 million,...
Program Business Market Grows 10% to $27B, TMPAA Study Finds
Oct 23 2013 // The Target Markets Program Administrators Association (TMPAA) released the results of its annual research to document the size, characteristics, growth and other base-line information about the program insurance market....
Travelers Posts $864M Q3 Profit, Consistent With Prior Year Quarter
Oct 22 2013 // The Travelers Companies Inc. today reported its third-quarter net income of $864 million, unchanged from the same period a year ago. Travelers showed a larger underwriting gain compared to last year, but the results were...
Hiscox Appoints General Liability Underwriting Leader in New York
Oct 16 2013 // Hiscox, the international specialist insurer, today announced that Angela Adams has been appointed as vice president, general liability underwriting leader, for Hiscox USA based out of the company’s New York...
Arkansas Rural Risk Underwriting Assoc. Assessing Members for 2013
Oct 15 2013 // The Arkansas Insurance Department announced that members of the Arkansas Rural Risk Underwriting Association will be assessed $200 this year for the expense of mailing volunteer fire department renewal subscription...
Florida’s First Light Program Managers Acquires Frontline Underwriters of Mississippi
Oct 10 2013 // First Light Program Managers of Dania, Florida, said it has acquired substantially all of the assets of wholesale broker Frontline Underwriters Inc. of Madison, Mississippi. Details of the transaction were not...
First Light Program Managers, Inc. Acquires the Assets of Frontline Underwriters, Inc.
Oct 10 2013 // Dania, FL, 10/10/13 – Anthony L. Johnson, Chief Executive Officer of First Light Program Managers, Inc. and Gregory B. Crotty, President of Frontline Underwriters, Inc. of Madison, Mississippi announced today that...
Philadelphia Insurance Names SVP of Field Underwriting in Pennsylvania
Oct 7 2013 // Philadelphia Insurance Companies announced the hiring of Kurt D. Hines as senior vice president of field underwriting. He is based in the company’s Bala Cynwyd, Penn., headquarters.Kurt D. HinesHines will be...
Miklus Named President of American Institute of Marine Underwriters
Oct 7 2013 // John A. Miklus has been named the new president of the American Institute of Marine Underwriters (AIMU), the trade association representing the U.S. ocean marine insurance market. Miklus succeeds James M. Craig, president...
Underwriting, Investment Gains Boosted P/C Insurers’ Bottom Line in First Half 2013
Oct 3 2013 // Private U.S. property/casualty insurers’ net income after taxes rose to $24.5 billion in first-half 2013 from $17.2 billion in first-half of last year. Insurers’ overall profitability as measured by their...
Florida’s Heritage Insurance Names Russell Chief of Underwriting, Sales
Oct 1 2013 // Florida homeowner insurer Heritage Property & Casualty Insurance has named Mel Russell as its new chief underwriting officer, executive vice president and director of Sales and Marketing. Russell has 36 years of...
BofA Denies Government Claim of ‘Massive Fraud’ in Trial Over Mortgages
Sep 25 2013 // Bank of America Corp.’s Countrywide unit placed profits over quality in a “massive fraud” selling shoddy mortgages to Fannie Mae and Freddie Mac, a U.S. government lawyer said on Tuesday. The claim came...
Ironshore Int’l. Appoints O’Reilly to Underwrite M&A in Singapore
Sep 24 2013 // Ironshore International has appointed Astrid O’Reilly to write Mergers & Acquisitions (M&A) insurance lines, based in its Singapore office. She will oversee Ironshore’s M&A insurance offerings and...
MarketScout Adds Bourret in Commercial Program Underwriting Practice
Sep 18 2013 // MarketScout, an insurance distribution and underwriting company headquartered in Dallas, Texas, has expanded its commercial insurance specialty program underwriting practice with the addition of Jackie Bourret as vice...
Atlas General Insurance Services, LLC, Announces the Addition of Full Service Underwriting Staff to Knoxville Office
Sep 18 2013 // San Diego, CA, 9/18/13 – Atlas General Insurance Services, LLC, a national multi-line program manager, is pleased to announce two new additions to the Knoxville dedicated marketing office. The Knoxville office welcomes...
MarketScout Plans Expansion of Commercial Program Underwriting Practice
Sep 17 2013 // MarketScout, the national electronic insurance exchange and specialty MGA headquartered in Dallas, Texas, has expanded its commercial specialty program underwriting practice with the addition of Jackie Bourret as vice...
J.M. Wilson Promotes One, Adds One to Underwriting Team
Sep 17 2013 // Managing general agency, J.M. Wilson, announced one promotion and one new hire in the Midwest. Amanda Montgomery has been promoted to transportation underwriter in the company’s Portage, Mich., office. Montgomery was...
