Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
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...
Patriot National Appoints Rearer as President of Patriot Underwriters
Jan 31 2013 // Patriot National Insurance Group has named John Rearer as the new president of the insurer’s subsidiary, Patriot Underwriters Inc.John RearerAs president of Patriot Underwriters, Rearer will oversee Patriot...
Bowers Joins Florida’s Bass Underwriters as Senior VP Personal Lines
Jan 29 2013 // Plantation, Florida-based wholesale insurance broker Bass Underwriters hired Bruce E. Bowers as senior vice president for personal lines. Bowers will be responsible for new product development and the launching of personal...
Best Affirms AIG, U.S. Property/Casualty Subs Ratings; Outlook Stable
Jan 28 2013 // A.M. Best Co. has affirmed the issuer credit rating (ICR) of “bbb” of New York-based American International Group, Inc. (AIG), as well as the financial strength rating (FSR) of ‘A’ (Excellent) and...
Business Moves – South Central
Jan 28 2013 // Caldwell and Partners, Midlands Holding Corp. Oklahoma-based Caldwell and Partners Inc. (CAP) acquired Midlands Holding Corp. (MHC) from PMA Capital Corp. (PMA). Midlands Management Corp. (Midlands) is a managing general...
Cyber Liability: Where to Find Cyber Coverage
Jan 28 2013 // The Buyer’s Guide to the Best Possible Cyber Insurance There are many cyber insurance products available for purchase, and each is somewhat unique. Some products are more comprehensive than others. Some cyber...
N.Y.-Based WKFC Underwriting Managers Hires Executive Vice President
Jan 25 2013 // Melville, N.Y.-based WKFC Underwriting Managers appointed Brian Specht as executive vice president, professional lines. In his new role, Specht will be responsible for driving new business and product development across...
Pennsylvania’s GMI Insurance Names Underwriting Director
Jan 23 2013 // GMI Insurance, a Valley Forge, Penn.-based managing general agency specializing in commercial transportation exposures, named Angela Milks as its underwriting director. Milks has more than a decade of experience writing...
Travelers Q4 Profit Down, Hurt by $669M Sandy Loss; Full-Year Profit Up
Jan 22 2013 // The Travelers Companies Inc. today reported net income of $304 million for the 2012 fourth quarter, down 51 percent compared to $618 million net income posted during the same period in 2011. Still, the 2012 full-year net...
