Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Michigan’s Saginaw Bay Underwriters Celebrates 150 Years
Aug 14 2013 // The world has changed a lot since Saginaw Bay Underwriters was founded in 1863, and the insurance industry has changed along with it. “We started out insuring horses, and now we’re insuring computer...
Allied World Europe in Strategic Agreement with UK’s Gravity Underwriting
Aug 14 2013 // Allied World Assurance Company Holdings, AG, which is based in Switzerland, announced that its subsidiary, Allied World Assurance Holdings (Ireland) Ltd, has entered into an agreement with Gravity Underwriting Limited for...
Loeb’s Third Point Re Set for IPO as Einhorn’s Truck Bet Shows Insurers’ Risk
Aug 14 2013 // Investors in Third Point Reinsurance Ltd.’s initial public offering are betting on billionaire hedge fund manager Daniel Loeb. They’re also taking on risk from an unprofitable underwriting operation. The sale...
Catlin Group Six Months Underwriting Results Steady; Net Income Falls
Aug 9 2013 // The Bermuda-based Catlin Group Limited listed the following highlights for the financial results for the six months ended 30 June 2013. — Strong Underwriting Reflected in 88.9 percent Combined Ratio — Strong...
ACE Appoints Russell Regional Sr. Prof. Indemnity Underwriter UK/Ireland
Aug 8 2013 // ACE Group announced the appointment of Geoff Russell as Regional Senior Professional Indemnity Underwriter, UK and Ireland, effective immediately. The appointment is part of the company’s investment in...
Hill Program Managers, Berkley Custom Insurance Form Underwriting Agreement
Aug 6 2013 // Denver-based Hill Program Managers, LLC has formed an agreement to underwrite design professional liability coverage in conjunction with Berkley Custom Insurance Managers, a member company of W. R. Berkley Corp. Hill...
Unlocking prospect information to win business
Jul 31 2013 // Information gathering strategies Unlocking prospect information is a critical skill set that separates the best agents from rest. Recent questions have arisen regarding efficient information gathering. The very best get...
Hartford’s Q2 Loss Widens to $190M; P/C Earnings Show Improvement
Jul 30 2013 // The Hartford Financial Services Group reported a net loss of $190 million for the 2013 second quarter. The quarterly loss widened compared to the same time a year ago, when the insurer reported a net loss of $101...
Liberty International Underwriters Names Fusner Senior VP of Primary Casualty
Jul 24 2013 // Liberty International Underwriters (LIU), part of Liberty Mutual Insurance, said Kelly Fusner has been appointed senior vice president of LIU’s Primary Casualty product line. Fusner will be responsible for the...
Travelers’ Q2 Profit Climbs 85% to $925M; Auto Unit Layoffs Planned
Jul 23 2013 // The Travelers Companies today reported net income of $925 million for its 2013 second quarter, an 85 percent jump from $499 million net income posted a year ago. The insurer credited lower catastrophe losses and continued...
CIWA Announces Changes to Bylaws to Increase Number of Associate Members on Their Board
Jul 23 2013 // Folsom, CA, 07/23/13 – In an effort to gain valuable insight about their company and vendor members, CIWA has elected to revise their bylaws and allow for more associate members. “CIWA is adapting to the...
Best Revises Lloyd’s, China Sub, Society, Syndicates Ratings to Positive
Jul 22 2013 // A.M. Best Europe – Rating Services Limited has revised the outlook to positive from stable and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of...
GEICO Announces 2 Appointments in Buffalo, N.Y., Office
Jul 18 2013 // Auto insurance giant GEICO recently announced that Kirk La has been named assistant vice president of the GEICO Insurance Agency and Pionne Corbin will take over as assistant vice president of underwriting in GEICO’s...
California Wholesalers Group Adds Associates
Jul 18 2013 // The California Wholesalers Association is adding four associate members to its ranks. CIWA elected to revise its bylaws and allow for more associate members. The new associate members are: Arthur Davis; Beth Hannon; Colby...
India Grants 3 Month Extension to Iranian Underwriters for Non-Oil Shipments
Jul 18 2013 // India has extended a temporary approval to Iranian underwriters Kish P&I Club and Moallem Insurance Co for covering container and tanker vessels calling at Indian ports, in a move that should clear a backlog of...
Georgia’s Ink Underwriting Acquires California’s Pioneer Programs
Jul 16 2013 // Newly-formed Ink Underwriting in Kennesaw, Georgia, said it has acquired Pioneer Programs Insurance Solutions, a Pasadena, California-based niche insurance program administrator for the construction and long term care...
NCCI Taps Lumbermen’s Underwriting Alliance Exec as Chief Actuary
Jul 9 2013 // The National Council on Compensation Insurance (NCCI), the workers’ compensation rating organization, appointed Katherine Antonello to the position of chief actuary. Antonello succeeds Dennis Mealy, who is retiring...
Insurers Turned Underwriting Profit in Q1, Attained Record Surplus
Jul 1 2013 // First quarter results for U.S. property/casualty insurers show they made a profit on underwriting for the first time since late 2009. Private U.S. property/casualty insurers’ net income after taxes rose to $14.4...
Liberty International Underwriters Expands Environmental Presence In Southwest
Jun 25 2013 // Liberty International Underwriters (LIU), part of the Global Specialty division of Liberty Mutual Insurance, has expanded its environmental impairment liability (EIL) operation with a regional presence, to be headed by...
Goss Named VP of HealthcarePros Unit at U.S. Risk Underwriters
Jun 25 2013 // Dallas-based managing general agency and surplus lines wholesaler, U.S. Risk Insurance Group Inc., has named Quinton Goss, vice president for HealthcarePros, the healthcare division of U.S. Risk Underwriters. The division...
