Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
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...
IUMI Warns Cargo Underwriters over West African Piracy
Sep 17 2013 // Delegates attending the annual conference of International Union of Marine Insurance (IUMI) in London were told that “insurers, ship owners and cargo interests cannot equate piracy in West Africa to that seen off the...
Berkley Underwriting Partners Changes Name to Berkley Program Specialists
Sep 16 2013 // Berkley Underwriting Partners, a W. R. Berkley company, has changed its name to Berkley Program Specialists. The company said the change better reflects its sole focus on program business. “We decided to change our...
Specialty Risk Associates Adds 3 Commercial Underwriters in Louisiana
Sep 12 2013 // Shreveport, La.-based Specialty Risk Associates Inc. announced the hiring of three new commercial lines underwriters – Ryan Gore, Laura Schlidt and Patti Haigler. Prior to joining Specialty Risk Associates, Gore...
Workers’ Compensation Market: Challenges Remain Despite Recent Improvements
Sep 9 2013 // The market for workers’ compensation insurance is in a recovery phase of the underwriting cycle after several years of poor results. In particular, premium rates continued to increase meaningfully through the first...
U.S. Reinsurance Sector’s Profit Jumps 32% to $4.76B for 2013 First Half
Sep 5 2013 // The Reinsurance Association of America (RAA)’s latest survey shows a group of 18 U.S. property/casualty reinsurers posted $4.756 billion net income in aggregate for the first six months of 2013 — an increase of...
XL Group Assembles Crisis Management Team in U.S.
Sep 4 2013 // XL Group has added a crisis management team to provide corporate clients in the U.S. with product recall, war, terrorism and political violence, kidnap, ransom, and extortion insurance. Led by Denise Balan in New York, the...
W.R. Berkley’s FinSecure Appoints P/C Chief Underwriting Officer
Sep 4 2013 // FinSecure — a W.R. Berkley Corp. member company that focuses on insurance for financial institutions — announced that Elizabeth Loft Good has joined the company as vice president and chief underwriting officer...
AJ Gallagher to Acquire UK’s Giles Group of Companies
Sep 4 2013 // Arthur J. Gallagher & Co. announced that it has signed an agreement to acquire the Giles Group of Companies, headquartered in London, England. The transaction is subject to regulatory approval and is expected to close...
UK MGA Pioneer Names Carson to Head New ‘Pioneer Cat’ Division
Sep 4 2013 // Specialist Managing General Agency (MGA) Pioneer Underwriting Limited announced the appointment of David Carson to spearhead its new division ‘Pioneer Cat,’ incorporating property catastrophe reinsurance...
UK’s Nexus Underwriting Takes Over Torus Executive Risks
Sep 4 2013 // UK-based Nexus Underwriting Management Limited announced that it has acquired Torus Insurance Holdings Limited entire holding in Torus Executive Risks Ltd (TER) with effect as of August 30, 2013. Following the acquisition,...
Former Lloyd’s Chairman Max Taylor Joins Pioneer Underwriting Board
Sep 3 2013 // Former Lloyd’s Chairman Max Taylor Joins Pioneer Underwriting Board Recently formed – April 2011 – Pioneer Underwriting Limited announced that industry veteran Max Taylor has been appointed as Chairman of the...
