Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
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...
Business Moves – Midwest
Apr 16 2012 // Great American Insurance Group Cincinnati, Ohio-based Great American Insurance Group’s environmental division opened a regional office in New York City. The expansion complements the environmental division’s...
Best Lowers, Withdraws Omega Specialty Ratings; Affirms Lloyd’s Syndicate 958
Apr 11 2012 // A.M. Best Europe – Rating Services Ltd. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 958, which is managed...
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...
