Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
A Chartis Underwriter Joins Great American Insurance’s N.Y. Office
Apr 6 2012 // Cincinnati, Ohio-headquartered Great American Insurance Group said its environmental division appointed Eric McCabe as divisional assistant vice president for its newly opened New York City office. McCabe joins Great...
Best Announces Rating Actions on NZ’s ‘Old’ & ‘New’ AMI Insurance
Apr 5 2012 // A.M. Best Co. announced rating actions on both New Zealand’s AMI Insurance Limited, or the old AMI, and AMI Insurance (Operations) Limited, or the new AMI, following a substantial restructuring of the company in the...
160-Year Old Hanover Retaking Its Place as P/C Industry Leader
Apr 3 2012 // Eight out of 160 years of history may not seem like a big deal but for Hanover Insurance Group, founded in 1852, the last eight years have seen a series of big deals. Eight years ago in 2004, the $2.4 billion heavily...
Ryan Specialty Group to Acquire WKFC Underwriting Managers in New York
Apr 3 2012 // Chicago-based Ryan Specialty Group said its subsidiary RSG Underwriting Managers is acquiring WKFC Underwriting Managers in New York. Terms of the transaction were not disclosed.Ryan Specialty Group CEO Patrick G....
California’s Workers’ Comp Underwriting Results Erode
Apr 2 2012 // For the second consecutive year, California workers’ compensation premiums levels rose in 2011, but continually growing costs of claims has eroded statewide underwriting results, according to an annual report from...
Best Affirms Platinum Underwriters ‘A’ Ratings; Outlook Stable
Mar 28 2012 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Platinum Underwriters Bermuda, Ltd. and its strategic affiliate, Baltimore-based...
Study: Access to Local Underwriters Critical for Small Commercial CSRs
Mar 23 2012 // At a time when many insurance carriers are centralizing their underwriting models and interacting more through technology, a recent survey has found that agency small commercial customer service representatives and account...
CNA Inks Deal to Acquire Hardy Underwriting for $227 Million
Mar 22 2012 // Chicago-based CNA Financial Corporation and Hardy Underwriting Bermuda Limited announced that they have agreed to terms on a cash acquisition by CNA of all of the common shares of Hardy. “The acquisition is to be...
Blunt to Head New Sportscover Specialty Lines Division
Mar 19 2012 // Lloyd’s insurer Sportscover – Syndicate 3334 – announced that “as part of its continuing diversification into specialist areas of business,” it will launch a specialty lines division, effective on the...
HDI-Gerling UK Appoint Blanco as International Liability Underwriter
Mar 19 2012 // Industrial Insurance Company HDI-Gerling, which is based in the UK, has appointed James Blanco to the position of Senior Liability Underwriter in London. He joins HDI-Gerling from the HCC Syndicate at Lloyds where he was...
People
Mar 19 2012 // Pete G. McPartland has been named chief executive officer at Sentry Insurance, a Mutual Company in Stevens Point, Wis. Dale R. Schuh, who previously held the title, will continue to serve as chairman of the board of...
People
Mar 19 2012 // Dallas-based Republic Cos. has named Joseph E. Mattingly president and chief executive officer. Since 2006 Mattingly has served as senior vice president — insurance operations, and president of insurance companies of...
Menary Named Grinnell Mutual VP – Direct Underwriting, Production
Mar 13 2012 // Jeff Menary has been named as vice president of direct underwriting and production at Iowa-based Grinnell Mutual. During Menary’s 32-year career at Grinnell Mutual he has served in a variety of roles including...
Best Affirms RSA Canada, Subs and Holding Company Ratings
Mar 13 2012 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Royal & Sun Alliance Insurance Company of Canada (RSA Canada) and...
Talbot, Abu Dhabi Insurer End Joint Venture; Continue Commitment
Mar 13 2012 // Talbot Underwriting, Ltd., a wholly owned subsidiary of Validus Holdings, and Abu Dhabi National Insurance Company (ADNIC), a prominent insurance company in the UAE, announced today that they are ceasing their Joint...
Hiscox Appoints Walter as U.S. CEO; Head as Chief Underwriting Officer
Mar 12 2012 // Hiscox made a number of changes to its U.S. Management Team, appointing a new CEO and chief underwriting officer for Hiscox USA. Ben Walter, current chief operating officer of Hiscox USA has been promoted to CEO effective...
Texas Mutual Adds Jackson as Sr. Manager of Underwriting, Marketing
Mar 8 2012 // Workers’ compensation insurance provider Texas Mutual Insurance Co. has hired Bill Jackson as senior manager of underwriting and marketing in Dallas. Jackson will be responsible for managing marketing and...
QBE Forming Global Reinsurance Business – QBE Re
Mar 8 2012 // The QBE Insurance Group announced that it is combining its worldwide reinsurance operations under a single management team and unified brand, QBE Re. The new reinsurer will “comprise the current statutory businesses...
Nolde Named Chief Underwriting Officer at Founders Insurance
Mar 6 2012 // Thomas J. Nolde has joined the Founders Insurance Co. of Des Plaines, Ill., as chief underwriting officer, commercial lines. Nolde’s responsibilities include managing the commercial lines underwriting team, as well...
Markel International Acquires UK Managing Agent Quay Underwriting
Mar 6 2012 // Markel International announced from its London headquarters that it has acquired the portfolio of business of Quay Underwriting (QU), a managing agent based in Dorset. Markel said QU “provides a wide range of...
