Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Best Upgrades Hyundai Marine & Fire, China Sub’s Ratings
Oct 3 2012 // A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A’ (Excellent) from ‘A-‘ (Excellent) and issuer credit rating (ICR) to “a” from “a-” of South Korea’s...
Catlin Sponsors Demonstration of ‘Touch Table’ Technology
Oct 2 2012 // London-based Catlin Underwriting Agencies Limited, a unit of Catlin Group Limited, announced that it is studying how technological innovations could improve service to brokers and clients in the Lloyd’s market. As...
ISO Enhances Wind Rating Program for Underwriting, Pricing Wind Exposure
Oct 1 2012 // ISO has launched its Enhanced Wind Rating Program, a commercial property rating program designed specifically to address the wind peril. ISO is a member of the Verisk Insurance Solutions group at Verisk Analytics. The...
MPG Adds Brokerage Division, Expands Western Facilities
Sep 28 2012 // Maritime Program Group has created a new brokerage division and expanded their western facilities with the addition of three professionals and an office in Gladstone, Ore. Ron Hayes, director of brokerage, and Lina Jayme,...
TAPCO Underwriters Names Marketing Representative in Northeast Region
Sep 27 2012 // TAPCO Underwriters Inc., a Burlington, N.C.-based managing general agent specializing in high-volume, middle-market excess and surplus insurance lines, has hired Stu Korn as a marketing representative for New Jersey,...
ACE USA, GMG Underwriters to Offer Enhanced K&R Coverage
Sep 26 2012 // ACE USA has collaborated with GMG Underwriters, LLC, a specialist in kidnap & ransom coverages and services, to expand the growth of its underwriting platform. The stand-alone kidnap & extortion coverage offering...
Lloyd’s 1st Half Profits at $2.4 Billion; CEO Cites ‘Disciplined Underwriting’
Sep 26 2012 // Lloyd’s of London’s first six months of 2012 financial figures couldn’t evince a greater difference from those posted in the first half of 2011. It posted profits of £1.53 billion ($2.47...
Business Moves – Southeast
Sep 24 2012 // CRC|Crump, Preferred Brokerage CRC|Crump has signed an agreement with Preferred Concepts in New York to acquire select assets of the company’s Preferred Brokerage business unit. Terms were not disclosed. J.C....
XL Group Opens New Insurance Office in Lyon France
Sep 20 2012 // XL Group plc’s insurance operations announced the opening of a new office in Lyon , France and the appointments of Auberi Etienne and Clotilde Bartok to join the team serving middle market companies in France. Both...
AmWINS Forms Managing General Underwriter with Former Rockhill Execs
Sep 19 2012 // North Carolina-based insurance wholesaler AmWINS Group Inc. said it has partnered with two insurance industry executives, Terry Younghanz and Richard Parks, to form a new managing general underwriter (MGU) focused on...
Crop Insurance Losses Mount in Midwest
Sep 18 2012 // Thousands of farmers are filing insurance claims this year after drought and triple-digit temperatures burned up crops across the nation’s Corn Belt, and some experts are predicting record insurance losses —...
Henry Named Director of Solar Underwriting for Assurant in Southern California
Sep 11 2012 // Assurant’s solar group named Cindy Henry as the new director of Solar Underwriting and Account Management. Henry will be based in Fountain Valley, Calif. and support the company’s solar insurance business and...
Grinnell Mutual Promotes Menary, Eaves
Sep 10 2012 // Jeff Menary has been named vice president of Reinsurance at Grinnell Mutual Reinsurance Co., located in Grinnell, Iowa, and Kurt Eaves has been named vice president of Direct Underwriting/Production. Both position changes...
U.S. Construction Firms Facing Double-Digit Increases for Liability Insurance: Marsh
Sep 10 2012 // The commercial general liability market for the U.S. construction industry continues to firm with underwriters seeking rate increases of up to 15 percent, according to a report published by Marsh. Construction firms with...
P/C Insurers Show Improved Results Mid-Year: Fitch
Sep 10 2012 // U.S. property/casualty insurers’ operating performance improved significantly in the first half of 2012, according to Fitch Ratings. The aggregate combined ratio of 47 publicly traded property/casualty (re)insurers...
New Underwriting Agency Assure Space to Cover Satellite Risks
Sep 7 2012 // Assure Space, LLC, a new space insurance agency for satellite risks, has partnered with Auster Capital Partners (ACP) and Space Florida for the provision of launch and in-orbit insurance to satellite operators worldwide....
Mitsui Sumitomo Promotes Wood to Class Underwriter-Professional Indemnity
Sep 6 2012 // Mitsui Sumitomo at Lloyd’s announced the promotion of Stuart Wood to Class Underwriter for Professional Indemnity (PI) within its Professional Lines operation. Wood joined Mitsui Sumitomo at Lloyd’s in 2009. He...
Best’s Global Reinsurance Market Review Analyzes Top 50, Capital, Ratings
Sep 5 2012 // A.M. Best has published a review of the international reinsurance market, which analyzes the performance of the largest reinsurers (rated by gross premiums written). Although the figures – based on 2011 – do not...
Catlin Re Switzerland Names Eugster Chief Underwriting Officer
Sep 5 2012 // The Catlin Group Limited announced that Markus A. Eugster has been appointed Chief Underwriting Officer for Catlin Re Switzerland. He joined Catlin in 2010 as Underwriting Director and Deputy Chief Underwriting Officer at...
Kiln Appoints Pudemat Property Underwriter in Frankfurt
Sep 4 2012 // Kiln, the international specialist insurance and reinsurance underwriting group, which is a part of Tokio Marine, announced that it has appointed Petra Pudemat as a new property underwriter in Frankfurt to write a broad...
