Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Best Affirms BP Captive Jupiter Insurance ‘A’ Ratings
May 21 2012 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of Guernsey-based Jupiter Insurance Limited, both with...
Hartford’s Commercial Underwriter Joins S.H. Smith in Connecticut
May 17 2012 // S.H. Smith & Co. Inc., a wholesaler and managing general agent headquartered in Hartford, Conn., appointed Tom Ferracci as underwriter/manager of workers’ compensation. Ferracci comes from The Hartford Insurance...
Aqua Underwriting Enters UK Commercial Market with High Net Worth Products
May 16 2012 // UK-based Aqua Underwriting announced the launch of a range of niche commercial combined products exclusively for brokers, building on its success with high net worth (HNW) products in the personal lines market. Aqua said...
Greenlight Re Appoints Drake as VP-Business Development
May 14 2012 // Cayman Islands-based Greenlight Capital Re, a specialist property and casualty reinsurer, has appointed John H. Drake, Jr. as Vice President, Business Development. He will be responsible for maintaining productive client...
Evolution Underwriting in Deal with Beazley to Develop PI Business in UK
May 14 2012 // “Broker only” commercial underwriting specialist Evolution Underwriting announced that it has “entered into an exclusive underwriting and distribution partnership with the Beazley Group. Under the terms...
Best Affirms Travelers and Subs ‘A+’ Ratings
May 11 2012 // A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa” of the property/casualty subsidiaries of The Travelers Companies, Inc....
Berkshire Hathaway Doubles Profit on Lower Catastrophe Losses
May 7 2012 // Berkshire Hathaway said it generated $3.245 billion in net income overall, up from last year’s net income of $1.511 billion last year in the quarter. Last year’s results were hurt by $1.1 billion in insurance...
Chubb Posts $506M Q1 Income, Bigger Underwriting Profit
May 7 2012 // The Chubb Corporation reported $506 million in net income for the 2012 first quarter, down slightly — 0.59% — from $509 million income reported one year ago. The insurer’s underwriting profit improved...
Southeast Agencies, Carriers Now Hiring
May 7 2012 // Here is some of the positive insurance employment news for the Southeast: Allstate In February, Allstate Insurance announced it was looking to appoint 124 new agency owners in Alabama, Georgia, North Carolina and South...
Best Affirms Fairfax Financial and Most Subs Ratings
May 4 2012 // A.M. Best Co. has affirmed the issuer credit rating (ICR) of “bbb” and the unsecured debt and preferred equity ratings of Fairfax Financial Holdings Limited. Best also affirmed the financial strength rating...
Best Affirms Horace Mann Educators and Subs ‘A-‘ Ratings
Apr 27 2012 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of the property/casualty group, Horace Mann Insurance Group and its...
AmWINS Transportation Underwriters, Inc. Announces New Texas Long Haul Trucking Program
Apr 26 2012 // Burlington, NC, 04/26/12 -AmWINS Transportation Underwriters, an A+ XV Admitted Carrier, is proud to be 1 of only 3 MGAs with access to a new long haul trucking program for TX trucking operations. The new program limits up...
MarketScout Adds Dalton as Energy Underwriter in Dallas
Apr 25 2012 // Dallas-based MarketScout, the national electronic insurance exchange and specialty MGA, announced that Jason Dalton has joined the firm as an energy production underwriter. Dalton has over 15 years of experience in both...
Earnings Report: Platinum Underwriters
Apr 24 2012 // Q1 2012 Q1 2011 Net premiums written ———— $143.66 mn $194.78 mn Net premiums earned ———– $138.21mn $182.88 mn Net income (loss) ——————...
Best Affirms Chubb Corp. and Subs ‘A++’ Ratings
Apr 23 2012 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aa+” of the Chubb Group of Insurance Companies and its property/casualty...
Willis Global Energy Market Review Highlights 2011 Losses, Fracking Concerns
Apr 20 2012 // Willis Energy, a unit of Willis Group Holdings, released its “Energy Market Review” at conference held at its London headquarters last Tuesday. The review focused on industry losses, current capacity and the...
Travelers Has $806M Q1 Income; Business Insurance Renewal Price Up 8%
Apr 19 2012 // The Travelers Companies Inc. reported $806 million in net profit for the 2012 first quarter. The first-quarter profit was down 4 percent when compared to one year ago, but the result during the year-ago period was boosted...
Talbot Underwriting (MENA) Appoints Warren as New CEO
Apr 19 2012 // Talbot Underwriting, Ltd., a wholly owned subsidiary of Validus Holdings, announced the appointment of Matthew Warren as CEO of Talbot Underwriting (MENA) Ltd., formally known as Underwriting Risk Services (Middle East)...
Southeast Insurance Employment: Agency, Carrier Plans Brighten Picture
Apr 18 2012 // Those interested in new or better positions in insurance might want to grab their suntan lotion and head to the Southeast. They might also want to brush up on their Spanish. The unemployment rate remains higher in key...
Private U.S. P/C Insurers’ Income Fell to $19.1B in 2011: ISO, PCI
Apr 17 2012 // A new analysis shows that while the private U.S. property/casualty insurers suffered deteriorating results in 2011, they still ended the year with a strong and improved fourth-quarter. Private U.S. P/C insurers’ net...
