Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
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...
Lloyd’s Ascot in Underwriting Deal for Power Generation with Brit, QBE, Sciemus
Jan 4 2012 // lloyd’s insurer Ascot Underwriting Ltd. announced that it has formed the Strategic Power Consortium, which it described as a “dedicated technical underwriting vehicle for the power and utilities...
Austin Mutual Names Kirkendall Commercial Lines Underwriting Director
Jan 3 2012 // Minnesota-based Austin Mutual Insurance Co. has promoted Kody Kirkendall to director of commercial lines underwriting. Kirkendall will continue to oversee the agribusiness division underwriting and will add Austin...
Catastrophes Erode P/C Insurers’ Results for 9 Months of 2011
Dec 27 2011 // Private U.S. property/casualty insurers’ net losses on underwriting grew to $34.9 billion in nine-months 2011 from $6.3 billion in nine-months 2010. The combined ratio deteriorated to 109.9 percent for nine-months...
Florida Commercial Health Plan Enrollment Continues Overall Slide
Dec 22 2011 // Enrollment in commercial health insurance in Florida was down 4.3 percent in 2010, the fifth straight year it has dropped. The annual report of the Florida Health Care Insurance Advisory Board shows that total enrollment...
Willis Report Highlights P&I Market’s Record Financial Results in 2011
Dec 22 2011 // The Protection & Indemnity (P&I) market “delivered a blockbuster financial performance last year,” according to a report from Willis. However, the report also found that P&I Clubs are “faced...
Beazley Confirms Interest in Acquiring Hardy Underwriting
Dec 21 2011 // In a brief statement, issued by its office in Dublin, Beazley plc confirmed that it is to undertake a strategic review of the business of Hardy Underwriting Bermuda Limited. The statement followed the announcement by the...
Best Affirms Lloyd’s Syndicate 2001 Ratings; Amlin AG, Amlin plc; Outlook Stable
Dec 20 2011 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit rating (ICR) of “aa-” of Lloyd’s Syndicate 2001, which is...
Euclid Insurance Taps Aronowitz to Lead New Specialty Underwriting Team
Dec 16 2011 // Itasca, Ill.-based Euclid Insurance Services Inc. (Euclid) has hired Daniel Aronowitz and four other nationally recognized specialty insurance experts to form Euclid Specialty Managers LLC (Euclid Specialty). Euclid...
Fitch Says Insurers’ Capital Position Is Strong, Issues Stable Outlook
Dec 15 2011 // Fitch Ratings said in its new 2012 outlook report that the P/C insurers’ capital position remains strong. It observed that most P/C insurers have sufficient capital to manage through significant future adversity. The...
Aspen Chief Says It’s Time to Get Back Underwriting Discipline
Dec 13 2011 // With inadequate pricing levels for commercial lines, low interest rates and severe catastrophe losses, it’s high time insurers focus on underwriting discipline, said a veteran insurance executive. Mario Vitale,...
Florida Underwriter Magazine Shuts Down
Dec 13 2011 // The Florida Underwriter magazine has published its last issue. “Unfortunately, the double demons of our state’s falling economy and the dominance of the Internet over print products have brought us to this...
Connecticut Updates Underwriting Guidelines for Hurricane Deductible
Dec 12 2011 // Connecticut insurance department announced that it has updated its coastal underwriting guidelines to clarify when hurricane deductibles can be applied. The hurricane deductible issue has been in the spotlight in wake of...
