Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Best Upgrades Fremont Ratings; Affirms Auto Club Group, P/C Members
Feb 7 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 Michigan-based...
Fremont Insurance Co. Ratings Upgraded; Auto Club Group Affirmed
Feb 7 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 Fremont Insurance Co. (Fremont) of Fremont,...
Torus Appoints Rousseau to Develop General Property in France
Feb 6 2012 // Global specialty insurer Torus has appointed Gilles Rousseau as Senior Underwriter, General Property. He is based in Paris and has more than 30 years of underwriting experience, as well as “extensive knowledge of the...
People
Feb 6 2012 // Jamie Durocher has been promoted to director of business development for Eau Claire, Wis.-based wholesale insurance firm, Scobie Group. Durocher has held the position of marketing representative with Scobie Group since...
Have Insurers Lost the Capacity to Run an Underwriting Profit?
Feb 6 2012 // We frequently hear people ask, “When is the next hard market going to come?” And by that they typically mean double-digit increases in premium growth for a sustained period of time. Of course, no one knows. But...
People
Feb 6 2012 // Marsh & McLennan Companies has appointed AIG executive Julio Portalatin as CEO of Mercer, MMC’s human resource consulting unit. Portalatin succeeds M. Michele Burns who left the firm last October. Portalatin...
Zurich Appoints Chief Underwriting Officer in North America
Feb 2 2012 // Zurich has promoted industry veteran Sabrina Hart to chief underwriting officer for Global Corporate in North America. Hart replaces Paul Horgan who is relocating to Switzerland to become global head of group reinsurance....
A.M. Best Downgrades Florida’s FFVA Mutual to A-
Feb 1 2012 // A.M. best has downgraded the financial ratings of FFVA Mutual Insurance Co. due to underwriting losses on its workers’ compensation line of business, especially in states where it expanded outside of Florida. A.M....
Lime-St.com For Underwriters Launches Cloud Computing for Insurers
Jan 31 2012 // London Market technology specialists TriSystems has announced the launch of a new electronic underwriting service to complement their electronic broking platform, which, the company said, marks “a significant shift...
Maryland High Court Sides With Allstate in Coastal Homeowners Case
Jan 31 2012 // The Maryland Court of Appeals, the state’s highest court, ruled in favor of Allstate last week. It upheld a previous lower court’s ruling that the insurer was within its rights to stop writing new homeowners...
A.M. Best Downgrades Peachtree Casualty Due to Florida Auto Results
Jan 30 2012 // A.M. Best has downgraded the financial ratings of Peachtree Casualty Insurance Co., citing the insurer’s poor underwriting results due in part to rising costs associated with Florida’s troubled no-fault...
Best Revises Chartis, Lexington & Members Outlooks to Stable; Affirms Ratings
Jan 27 2012 // In connection with its revision of its outlook on AIG, A.M. Best Co. has affirmed the financial strength ratings of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Chartis US Insurance...
Union Mutual of Vermont Companies Appoints VP of Underwriting
Jan 27 2012 // Union Mutual of Vermont Companies has appointed Robert Glass as the vice president of underwriting. Robert Glass Glass comes to Union Mutual with 24 years of insurance experience, most recently with The Hartford Insurance...
Accident Fund Insurance Names Cambridge Underwriters Agency of the Year
Jan 27 2012 // Lansing, Mich.-based workers’ compensation insurer, Accident Fund Insurance Co. of America, has selected Cambridge Underwriters Ltd. of Livonia, Mich., as its 2011 Agency of the Year. “Cambridge has been a...
Tennessee’s Appalachian Underwriters Adds Three Brokers
Jan 27 2012 // Appalachian Underwriters has added three brokers to its property and professional practice group. Shane Holden has 20 years of insurance and risk management experience at the retail level. Most recently, he worked for...
Markel Enters Germany Through Joint Venture with Anglo Underwriting
Jan 23 2012 // Markel International has made a move to start writing business in Germany through a joint venture with Anglo Underwriting. With Markel’s support, Anglo’s primary focus will be to increase opportunities in...
People
Jan 23 2012 // Woodbury, N.Y.-based Sterling & Sterling appointed Leslie Nylund as president of the insurance brokerage. Nylund will be responsible for the firm’s operations, including sales, employee benefits, client services...
People
Jan 23 2012 // John F. Finston has accepted an appointment to be deputy commissioner for Corporate & Regulatory Affairs at the California Department of Insurance. Finston was the head of SNR Denton’s insurance regulation...
Beyond Golf: P-U-T-T-E-R’s the Name of the Game in E&S World
Jan 23 2012 // Golf could be called the go-to sport of the insurance industry, so it’s safe to assume that most insurance professionals know what a putter is – a tool for cursing and hurling to the ground after a missed shot,...
Gorman Joins DUAL Ireland Team as Financial Lines Underwriter
Jan 19 2012 // Specialist underwriting agency DUAL Ireland has expanded its Dublin-based team with the appointment of Martha Gorman as Development Underwriter for financial lines. She joins DUAL from Marsh where she was a commercial...
