Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Verisk Insurance Solutions Enhances Foreclosure Alert Product
Oct 24 2012 // Verisk Insurance Solutions – Underwriting, a unit of Verisk Analytics has added an enhancement to its Foreclosure Alert that identifies if a property has previously been in foreclosure at the point of sale....
Willis Expands Acquaculture Division, Hires New Underwriter to Lead
Oct 23 2012 // Recent studies show that wild fish stocks around the world are declining faster than feared – with more than half of fisheries worldwide facing shrinking stocks. As a result the demand for farmed fish is intensifying and...
Liberty International Underwriters Expands U.S. Global Crisis Management Unit
Oct 22 2012 // Liberty International Underwriters has set up a Dallas-based operation dedicated to handling Global Crisis Management (GCM) business for the southeastern and southwestern U.S. Led by Tom Dunlap, assistant vice president...
Rebounding Economy Spurs Growth in Cargo, Supply Chain Risks
Oct 22 2012 // A slow trend toward economic recovery in the U.S. may mean good news/bad news for insurance agents and brokers who handle commercial accounts with cargo and supply chain vulnerabilities. The good news is growth in sales...
Travelers Profit Soars to $864M in Q3 as Catastrophe Losses Fall
Oct 18 2012 // The Travelers Companies Inc. reported today $864 million net profit for the third quarter — up 159 percent from the same period a year ago when the insurer posted a $333 million profit. Travelers’ latest...
Chairman Nelson Talks About the Future of Lloyd’s
Oct 16 2012 // Lloyd’s of London Chairman John Nelson knew when he acceded to his post one year ago that his predecessor, Lord Peter Levene, would be a hard act to follow. Levene served for nine years and oversaw significant...
XL Group Promotes O’Malley to Lead Environmental Underwriting
Oct 11 2012 // XL Group plc has promoted Matthew V. O’Malley to a new role as head of environmental underwriting operations in XL Group’s insurance operations. He is based in XL Group’s Exton, Penn., office. Most...
Best Affirms Greenlight Re and Affiliates Ratings; Outlook Stable
Oct 10 2012 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” of Greenlight Reinsurance, Ltd., as well as the FSR of ‘A-‘...
Slow and Steady: Optimism Good for Surplus Lines Market in 2012
Oct 9 2012 // Despite catastrophic events in 2011, low investment yields and competitive pressures, surplus lines specialists — especially market leaders — generated healthy operating profits and returns on both revenue and...
Chairman Nelson Charts Future Course for Lloyd’s
Oct 8 2012 // Lloyd’s of London Chairman John Nelson knew when he acceded to his post one year ago that his predecessor, Lord Peter Levene, would be a hard act to follow. Levene served for nine years and oversaw significant...
Slow and Steady: Surplus Lines Industry Reverses Downward Trend; Optimism Good for 2012
Oct 8 2012 // Despite catastrophic events in 2011, low investment yields and competitive pressures, surplus lines specialists — especially market leaders — generated healthy operating profits and returns on both revenue and...
P/C Insurers’ Profits Jump in First Half as Catastrophe Losses Drop
Oct 4 2012 // U.S. property/casualty insurers’ net income after taxes jumped to $16.4 billion in first-half 2012 from $4.8 billion in first-half 2011, with insurers’ overall profitability as measured by their annualized rate...
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....
