Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
State Farm Posts $1.8 Billion Net Income for 2010 Despite Underwriting Losses
Mar 3 2011 // State Farm reported $1.8 billion in after-tax net income in 2010, compared with $800 million in 2009. The improvement “was driven by the P-C companies’ improved results,” said the bulletin, which also...
Maritime General Agency Rebrands, Consolidates All Entities
Mar 3 2011 // Maritime General Agency announced its newly formed business identity, which it said “combines three niche marine insurance underwriting facilities: Maritime Program Group; Maritime General Agency, Marine MGA, and...
Allied American Underwriters Adds King in Louisiana
Mar 2 2011 // Allied American Underwriters (AAU), a national program manager and subsidiary of USG Holding/USG Insurance Services, has added Pamela King as an underwriting assistant in Louisiana. King developed her career throughout 19...
Chang Named Starr Casualty, Greater China Underwriting Manager
Mar 1 2011 // Hong Kong-based Starr International Company, Inc. has announced the appointment of Irene Chang as Underwriting Manager of Starr Casualty for Greater China. She will lead the effort in developing and promoting all Casualty...
QBE Group Posts $1.278 Billion 2010 Net Profit; $1.168 Billion Underwriting
Mar 1 2011 // The Australia-based QBE Group reported net after tax profits of *$1.278 billion for 2010, a 17 percent decrease from the $1.532 billion reported for 2009. However, the decline was almost entirely due to a drop in...
Ritchie to Head New Argo Int’l. Paris Branch Office
Feb 28 2011 // The Bermuda-based Argo Group International Holdings announced that Bruno Ritchie has joined the company to lead Argo Assurances, Argo Group’s new Paris-based underwriting platform for large specialty risks. The new...
PartnerRe Makes Changes in Catastrophe Business Unit
Feb 25 2011 // Bermuda-based PartnerRe Ltd. Has announced leadership changes in its Catastrophe business unit, effective April 1, 2011. Brian Secrett, currently Chief Underwriting Officer and Deputy Head, Catastrophe, has been appointed...
A.J Gallagher to Acquire UK Agency Woodbrook
Feb 25 2011 // Arthur J. Gallagher & Co. announced that it has signed a definitive agreement to acquire the business and certain assets of London-based Woodbrook Underwriting Agencies, Ltd. The transaction is expected to close during...
Capitol Insurance Companies Promote Three
Feb 24 2011 // Middleton, Wis.-based Capitol Insurance Companies has announced three promotions. Kevin A. Klestinski has been named vice president of property and casualty underwriting, Richard F. Boettner has been promoted to director...
Wisconsin’s Capitol Insurance Promotes 3
Feb 24 2011 // Capitol Insurance Cos. of Middleton, Wis., announced that Kevin A. Klestinski has been named vice president of Property & Casualty Underwriting, Richard F. Boettner has been promoted to director of Underwriting –...
PPIB Adds Martone to Underwriting Staff
Feb 22 2011 // Professional Program Insurance Brokerage in Novato Calif., has added Lisa Martone to its underwriting staff. Martone will be a senior underwriter to grow the program business, including the new artisan contractor program,...
Mitsui Sumitomo at Lloyd’s Expands Team; Hires Five Execs
Feb 18 2011 // Mitsui Sumitomo at Lloyd’s has made five appointments to its corporate, mid-market and regional distribution teams as the UK non-life insurer continues its expansion drive. The corporate team has been strengthened by...
People
Feb 10 2011 // Cincinnati, Ohio-based Great American Insurance Group’s Property and Inland Marine Division has promoted two insurance executives: Grace Thomas and Cecil Wilson. Thomas was promoted to divisional senior vice...
Catlin Group 2010 Profits Fall to $406 Million on Cat Losses
Feb 10 2011 // The Bermuda-based (London headquartered) Catlin Group Limited reported net profits before tax in 2010 of $406 million, compared to $603 million in 2009, primarily due to a significant increase in catastrophe losses last...
Inferior Results Will Force Admitted Carriers Out of the E&S World, Eventually
Feb 10 2011 // The loss of market share in the surplus lines sector of the property/casualty insurance industry will turn around when standard carriers begin to experience negative results from the non-standard business they’ve...
RenRe’s Q4 Net Income – $122.6 Million; FY $702 Million Show Decreases
Feb 9 2011 // Bermuda-based RenaissanceRe Holdings Ltd. reported net income available to common shareholders of $122.6 million or $2.23 per diluted common share in the fourth quarter of 2010, compared to $211.8 million or $3.38 per...
Beazley Extends Global Environmental Underwriting to Pollution Coverage
Feb 8 2011 // Specialist insurer Beazley announced that it is broadening its coverage of environmental risks, first launched by its U.S. company, by “establishing an environmental risks underwriting capability at Lloyd’s,...
Increase in Temporary Staffing Business Signals Economic Recovery
Feb 7 2011 // For many businesses, 2010 was a year of transition. Companies began to pick up the pieces of the economic downturn and were cautiously optimistic by bringing on temporary staff to help out rather than hire permanent...
People
Feb 7 2011 // Great American Insurance Group, headquartered in Cincinnati, Ohio, announced that Michael G. “Mike” Liguzinski will succeed John W. Sullivan as divisional president, Specialty Human Services Division, upon...
People
Feb 7 2011 // OneBeacon Technology Insurance appointed Mary Fisk-Bieker as vice president and central and eastern territories underwriting manager. She brings more than 25 years of insurance experience to OneBeacon, 23 years of which...
