Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
U.S. Construction Firms Facing Double-Digit Increases for Liability Insurance: Marsh
Aug 31 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...
Petersen International Releases Disability Plan for Loss of Future Earnings
Aug 31 2012 // Petersen International Underwriters has released a new disability insurance product intended to pay benefits based on an insured person’s potential future income. The plan, titled “Loss of Future Earnings...
ANV Syndicate Opens Accident & Health Underwriting Operations
Aug 30 2012 // The newly acquired Lloyd’s ANV Syndicate announced the opening of its Accident and Health (A&H) business. The business was “previously authorized as part of Syndicate 1861’s 2012 business plan and in...
Freberg Environmental to Underwrite New Berkley Envrionmental Coverage
Aug 29 2012 // Freberg Environmental Insurance (FEI) has formed an agreement to underwrite environmental insurance coverage with Berkley Custom Insurance Managers, LLC, a newly formed member company of W. R. Berkley Corp. In addition to...
P/C Insurers Show Improved Results Mid-Year: Fitch
Aug 24 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...
XL Group’s Marine Insurance Team Expands in Chicago
Aug 22 2012 // The Marine insurance operation of XL Group plc has expanded its regional underwriting capabilities in Chicago, adding Pete Shepeck, Brian Stockton and Jeannine Liebig to its team. Shepeck joins XL as regional vice...
Arc Legal Launches e-Underwriting Legal Expense Plan for Families, Landlords
Aug 20 2012 // London-based Arc Legal Assistance announced the launch of “two legal expenses schemes for e-Underwriting, the new division of OIM Underwriting Limited, to provide cover as part of its household and property owners...
Liberty International Underwriters Names Kania as SVP, Energy and Construction
Aug 16 2012 // Timothy R. Kania has been appointed as senior vice president of energy and construction in the U.S. and Latin America for Liberty International Underwriters (LIU), a part of Liberty Mutual Insurance’s global...
Coastal Risk Underwriters Enters Alaska Homeowners Market
Aug 16 2012 // Coastal Risk Underwriters (CRU), a member company of Insight Catastrophe Group, has launched a new preferred homeowners program for properties located in the state of Alaska. The program, underwritten by Occidental Fire...
Catlin Names Curran to Head London Casualty Operations
Aug 15 2012 // The Bermuda-based Catlin Group Limited announced that Daniel Curran has been appointed Head of Casualty for Catlin’s London based underwriting operations. He will have responsibility for “a wide range of...
N.Y.-Based Preferred Concepts Hires Senior Property Underwriter
Aug 13 2012 // Preferred Concepts LLC, a program underwriter and specialty insurance broker based in New York City, has appointed Robert Lynch as senior vice president and senior property underwriter for its Preferred underwriting...
Markel Posts $89.7M Q2 Profit, Buoyed by Improved Underwriting Results
Aug 9 2012 // Glen Allen, Va.-headquartered Markel Corp. on Thursday posted $89.69 million net income to shareholders for its 2012 second quarter, a 197 percent increase from $30.31 million income reported a year earlier. Markel...
XL Names Chief Underwriting Officer for Primary Casualty Unit in N.Y.
Aug 8 2012 // XL Group plc has appointed Barbara Luck as chief underwriting officer in its North America primary casualty business. Based in New York, Luck will assume her new position on August 13. She will report to Ken Riegler,...
Howden Specialty Underwriters Appoints Head of New York Office
Aug 7 2012 // Howden Specialty Underwriters (HSU), part of Hyperion Insurance Group, has appointed Scott Misson to lead its recently opened New York office. He will become a member of the executive team and will report to Bobby Vernon,...
Conn.-Based Medical Liability Insurer CMIC Names Underwriting Director
Aug 6 2012 // CMIC, a Glastonbury, Conn.-based carrier offering medical professional liability insurance in New England, has appointed Edward Carroll as director of underwriting. Carroll brings 18 years of experience to his role, most...
Captives Feeling the Squeeze As Global Pressures Intrude: A.M. Best
Aug 6 2012 // Captive insurance firms in the United States are feeling the squeeze of an ongoing soft insurance market, low investment yields and a bleak global financial picture, a new report revealed. A composite of 209 U.S. captive...
WKFC Underwriting Managers Appoints Chief Casualty Officer in New York
Aug 6 2012 // Melville, N.Y.-based WKFC Underwriting Managers has appointed Adam Schnell as chief casualty officer. In his new role, Schnell will focus on developing new casualty product offerings with an emphasis on products liability...
Earnings Reports: Catlin Group, RSA
Aug 6 2012 // Selected earnings highlights in US dollars from the Bermuda-based Catlin Group for the first six months of 2012 are as follows: 1st Half 2012 1st Half 2011 Gross premiums written ———— $3.010 bn...
Swett & Crawford Subsidiary Launches New Marine Underwriting Division
Aug 3 2012 // Swett & Crawford subsidiary J. H. Blades & Co. has launched J. H. Blades Marine Underwriting Services (Blades Marine), a new marine insurance underwriting division. This full service MGU will underwrite brown water...
Best Affirms Lloyd’s UK, China ‘A’ Ratings; Outlook Stable
Jul 26 2012 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of Lloyd’s and Lloyd’s Insurance...
