Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Catlin Re Switzerland Expands Underwriting Staff
Oct 22 2010 // Catlin Re Switzerland, the European reinsurance company currently being formed by Catlin Group Limited, headquartered in Zurich, has announced two additions to its underwriting staff. Christophe Chandler, currently a Class...
Chubb Announces Management Changes Following Degnan Retirement
Oct 21 2010 // In anticipation of the previously announced retirement of Chief Operating Officer John J. Degnan on Dec. 31, 2010, John D. Finnegan, chairman, president and chief executive officer of The Chubb Corp. announced several...
HCC Insurance Holdings Creates New Underwriting Unit, HCC Specialty
Oct 20 2010 // Houston-based HCC Insurance Holdings Inc. is combining its Professional Indemnity Agency (PIA), HCC Public Risk, and HCC Specialty Underwriters units under a newly created underwriting division, HCC Specialty. HCC...
Murphy Named Vice President Underwriting for Technology at CNA
Oct 19 2010 // CNA has named Valynda Murphy as vice president of underwriting for its Commercial Technology segment. In this role, Murphy will collaborate with the global insurer’s other key business units to further strengthen...
Lloyd’s McGovern Works to Expand No. American Business; Part II
Oct 18 2010 // Sean McGovern now heads Lloyd’s operations in the U.S. and Canada – the first and third largest sources of business for its underwriters. Lloyd’s not only wants to hold on to that business, but also to...
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Oct 18 2010 // Insurance broker Marsh has added five industry veterans – four from competing broker Aon – to its private equity and mergers and acquisitions practice. James O’Brien, Jason Hawkins and Craig Warnke join...
ACE Makes Marine Appointments
Oct 14 2010 // ACE Global Markets (AGM) announced key appointments as part of a restructuring of its Marine team in London, as follows: Mike Reynolds has been promoted to Class Underwriter for the Marine Hull and Marine Liability...
Griffin Underwriting Names Wray Underwriter in Portland
Oct 8 2010 // Griffin Underwriting Services of Bellevue, Wash., has added Carrie Wray as a property/casualty underwriter in the company’s Portland, Ore., office. Wray will be responsible for underwriting and marketing contract...
S&P Raises AFG’s Subsidiaries Ratings to ‘A+’; Outlook Stable
Oct 7 2010 // Standard & Poor’s Ratings Services has raised its counterparty credit and financial strength ratings on American Financial Group’s (AFG) core insurance subsidiaries to ‘A+’ from...
CNA Appoints Day VP of Specialty Underwriting – Accountants PL
Oct 7 2010 // Chicago-based CNA has named Jeff Day as vice president of Underwriting for its Specialty Lines Group. In this role, Day has responsibility for the global insurer’s Accountants Professional Liability program. Day has...
Crump Acquires Target Underwriting
Oct 4 2010 // New Jersey-based wholesaler Crump Property & Casualty Insurance Services Inc. has acquired Target Underwriting Management Corp., a managing general underwriter and program administrator headquartered in...
Freedom Specialty, MGIS Underwriting to Offer Medical-Professional Coverage
Oct 4 2010 // Freedom Specialty Insurance Co. recently partnered with MGIS Underwriting Managers, Inc. (MGIS) to offer medical-professional liability insurance, a specialized policy built exclusively for physicians. The Freedom policy...
Syndicates – The Heart of the Market
Oct 4 2010 // Catlin, and Other Lloyd’s Syndicates As underwriters, syndicates are the heart of the Lloyd’s market. Until the end of the 20th century they were largely funded by wealthy individuals, who pledged their...
Five Star Specialty Programs Launches Healthcare Practice
Sep 30 2010 // Five Star Specialty Programs, a division of Crump Insurance Services Inc. and part of Crump Group Inc., announced it is launching a new health care practice based in Sacramento, Calif. The practice, known as Five Star...
Lloyd’s Chaucer to Launch New International Liability Division
Sep 24 2010 // Lloyd’s insurer Chaucer has outlined its plans for the launch of a new International Liability Division by the end of the year, according to a bulletin on the Lloyd’s web site. “The move follows a series...
Cooper Joins WSG Specialty Underwriters in Texas as Senior VP
Sep 17 2010 // Wilson Smith Group LLC announced that Gary Cooper has joined the group’s Texas operation, WSG Specialty Underwriters, as senior vice president. Cooper brings an extensive insurance background in retail and wholesale...
P/C Insurers Post First Half Profit Despite Underwriting Losses
Sep 16 2010 // Private U.S. property/casualty insurers’ net income after taxes rose to $16.5 billion in first-half 2010 from $6 billion in first-half 2009, with insurers’ overall profitability as measured by their annualized...
Best Lowers Macau Insurance Ratings; Outlook Revised to Stable
Sep 15 2010 // A.M. Best Co. has downgraded the financial strength rating (FSR) to ‘A-‘ (Excellent) from ‘A’ (Excellent) and the issuer credit rating (ICR) to “a-” from “a” of Macau...
Lloyd’s Recreates Famous Underwriting Room in Dublin for Charity
Sep 14 2010 // Lloyd’s has recreated its underwriting room in Dublin in the first event of its kind seen in Ireland. The unusual event “allowed representatives from the Irish and Lloyd’s markets to discuss their...
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Sep 6 2010 // Last month, InsuranceJournal.com published a New York Times report that a Major League Baseball investigation into leaked financial documents had become focused on insurance companies that do business with clubs. The Times...
