Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
UK Underwriter DUAL Strengthens Operational and Governance Functions
Mar 7 2013 // DUAL, the underwriting arm of Hyperion Insurance Group, has announced the next phase of its structural strengthening following a strategic review. Shane Doyle, Deputy CEO of DUAL International, will take on the new role of...
PPIB Names Schoenthal Underwriting and Production Manager in California
Mar 4 2013 // Professional Program Insurance Brokerage named Jennifer Schoenthal underwriting and production. Schoenthal will manage PPIB’s underwriting department in Novato, Calif. Schoenthal will report to Susan Preston,...
Simpson Named VP of Underwriting, Marketing for CompWest in California
Mar 4 2013 // CompWest Insurance Co., a subsidiary of Accident Fund Holdings Inc., named Gene J. Simpson vice president of underwriting and marketing. Simpson recently joined CompWest’s senior management team and is responsible...
Best Affirms Fireman’s Fund, Subs Financial Ratings; Lowers Credit Ratings
Mar 4 2013 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent), but has downgraded the issuer credit rating (ICR) to “a” from “a+” of California-based Fireman’s...
TransRe Appoints Saville Manager, Sr. VP-Underwriting in Singapore
Mar 4 2013 // TransRe, the brand name for Transatlantic Holdings, Inc. and its subsidiaries, announced that Robert Saville has been appointed Sr. VP – Head of Underwriting at the new Singapore office of Transatlantic Reinsurance...
Best Upgrades Transatlantic Holdings and Subs ICR’s; Affirms ‘A’ Ratings
Mar 1 2013 // A.M. Best Co. has upgraded the issuer credit ratings (ICR) to “a+” from “a” and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) of Transatlantic Reinsurance Company...
Hartwig to Replace Patschak as Canopius Bermuda CEO
Mar 1 2013 // Canopius Group Limited announced that Susan Patschak, Chief Executive Officer of Canopius Bermuda has decided to step down, effective May 31, 2013, as she has decided to “assume a new role within the US insurance...
Trinity Underwriting Managers Announces Commercial Auto Program
Feb 26 2013 // Trinity Underwriting Managers, Inc. (TUMI), a Georgia-based program administrator, has expanded its commercial auto capabilities. TUMI has established a relationship with an “A” rated carrier that underwrites...
Best Affirms American Financial, Most Subs Ratings; Upgrades Mid-Continent
Feb 25 2013 // A.M. Best Co. has affirmed the issuer credit rating (ICR) of “bbb+” and all debt ratings of American Financial Group, Inc. (AFG), as well as the financial strength rating (FSR) of ‘A’ (Excellent)...
Building Updates: Aging Electrical Systems
Feb 25 2013 // The Agent’s Role as Advisor and Risk Manager Editor’s note: This is the first of a three-part series to explain insurers’ requirements for building updates and to help agents advise clients on mitigating...
Tempo Underwriting Teams with Berkley Europe for Commercial D&O
Feb 22 2013 // UK-based Tempo Underwriting announced that it has started underwriting Commercial D&O through a binding authority arrangement with W. R. Berkley Insurance (Europe), Limited, the European affiliate of W.R....
Where to Find the Best Possible Cyber Coverage
Feb 19 2013 // There are many cyber insurance products available for purchase, and each is somewhat unique. Some products are more comprehensive than others. Some cyber insurance products are combined with insurance policies of another...
Transactional Insurance on the Rise, Says Managing General Underwriter Ambridge
Feb 19 2013 // The global use of Transactional Insurance could rise by as much as 25 percent in 2013, according to Jeffrey Cowhey, President of Ambridge Partners LLC. The company’s announcement described the product as “a...
Align General Adds Stone as Senior Casualty Underwriter in Dallas
Feb 14 2013 // Align General Insurance Agency Inc. (Align) announced that Bob Stone has joined the company as vice president, specialty commercial division. He is based in Dallas, Texas. Stone will underwrite and market commercial...
NAS Expands Underwriting Management Team in California
Feb 12 2013 // Encino, Calif.-based NAS Insurance Services has added two senior executives to its team of underwriters. Chris Reese joins as vice president and Brook Dutcher as assistant vice president. Reese returns to NAS to take a...
Swett & Crawford Acquires Southern Hospitality Underwriters of Georgia
Feb 11 2013 // In an expansion of its specialized program business, Swett & Crawford has acquired the assets of Griffin, Georgia -based Southern Hospitality Underwriters Inc. (SHU), a regional firm specializing in business insurance...
New MGA Ascent Underwriting Launched in London; Targets Emerging Cyber Risks
Feb 11 2013 // Ascent Underwriting, a specialist Managing General Agent (MGA) providing coverage for emerging cyber risks, has been launched in London, targeting clients ranging from micro businesses to international corporations. The...
Dual Specialty Underwriters Launches International D&O Program
Feb 4 2013 // Dual Specialty Underwriters, LLC has launched a newinternational directors’ & officers’ liability (D&O) program aimed at foreign companies listed on U.S. securities markets through American Depository...
Chubb to Adjust Underwriting in Northeast Post-Sandy
Feb 4 2013 // The Chubb Corp., which posted Superstorm Sandy-related pre-tax costs of $882 million in its latest earnings report, said there would be some adjustments to underwriting and pricing in the Northeast region going...
Syndicates Increasingly Using Lloyd’s China Platform
Feb 4 2013 // “A growing number of syndicates are using Lloyd’s platform by placing their own underwriters in China,” says an article on the Lloyd’s website. “This, along with a license granted in 2012 to...
