Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
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...
Swett & Crawford Appoints Transportation Underwriter in Pennsylvania
Jan 18 2012 // Wholesale intermediary Swett & Crawford appointed David Pohle as Media, Penn.-based transportation underwriter for its transportation practice group. David Pohle Pohle joins Swett & Crawford after eight years at...
P/C CEOs Say Low Interest Rates Push Need for Stringent Underwriting
Jan 17 2012 // The low interest-rate environment and poor investment income are pushing the need for more stringent underwriting for carriers, according to a panel of experts at a recent industry forum. Property/casualty insurers get...
CFC Underwriting Develops Cloud Coverage
Jan 10 2012 // Lloyd’s MGA CFC Underwriting has launched a new cyber liability product with wording to cover the risks of storing data in the “cloud.” CFC identified a gap in coverage for firms that use cloud computing...
Breckenridge Creates Program Business Underwriting Facility
Jan 9 2012 // Breckenridge Insurance Group has formed Blue River Underwriters, a program business facility. Blue River will manage and underwrite Breckenridge’s specialty program business. The new facility will open in...
Aspen CEO Emphasizes Underwriting Discipline
Jan 9 2012 // Speaking at a conference last month, Mario Vitale, co-chief executive officer of Aspen Insurance, emphasized the importance of underwriting discipline for the insurance industry. With inadequate pricing levels for...
A Disciplined Approach to Underwriting
Jan 9 2012 // Now that 2011 is in the record books, various insurance company presidents soon will be disclosing and discussing their company’s year-end results. While the exact words may be different, don’t be surprised if...
Conn. Updates Coastal Underwriting Guidelines
Jan 9 2012 // Connecticut insurance department amended its coastal underwriting guidelines last month to clarify when hurricane deductibles can be applied. Regulators have been working on making the changes in the wake of criticisms...
Nautilus Promotes Hall to VP Marketing, Williams to VP Underwriting-Mountain Region
Jan 4 2012 // Arizona-based national insurer Nautilus Insurance Group announced two promotions. Raymond J. Hall has been promoted to vice president of marketing. Hall joined Nautilus in 2009, most recently serving as assistant vice...
