Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Best Upgrades Travelers Group Issuer Credit Ratings; Revises Outlook
Jun 9 2010 // A.M. Best Co. has upgraded the issuer credit ratings (ICR) to “aa” from “aa-” of Travelers Group, its P/C members and affiliate, Travelers Casualty and Surety Company of America (TCSA) and...
Texas High Court Sides with Lloyd’s in Contractual Liability Exclusion Case
Jun 7 2010 // The Texas Supreme Court has found in favor of an excess insurance provider in a case involving the contractual liability exclusion in a Commercial General Liability (CGL) policy. In 1993, Dallas Area Rapid Transit...
People
Jun 7 2010 // Craig A. Payan has been elected to serve as chairman of the board of directors for Itasca, Ill.-based Associated Risk Managers International Inc. Payan is president of PA&T Insurance and Financial Services, an...
People
Jun 7 2010 // Crump Insurance Services Inc. has invested in new talent for its Atlanta brokerage location. Terry Sherwin has joined Crump as the Atlanta office leader; and property brokers Alex Duran, Jordan Yoss and Carl Feldhaus have...
People
Jun 7 2010 // Louisiana Workers’ Compensation Corp. (LWCC) President and CEO Kristin W. Wall has been elected to the board of directors of NCCI Holdings Inc., a provider of workers’ compensation and employee injury data and...
Hiscox USA Adds Underwriters to Los Angeles Regional Office
Jun 4 2010 // Hiscox USA has expanded its business in its Los Angeles, California office with the addition of underwriters in the allied healthcare professional and general liability; architects, engineers and construction managers...
Torus Names 3 Senior Execs for Professional Lines in France, Germany
Jun 3 2010 // Torus, the global specialty insurer, announced the appointment of Mathieu Borneuf as Head of Management Liability and Jérôme Gillet as Head of Professional Liability. Both men are based in Torus’ new...
Accident Fund Holdings Opens Third Coast Underwriters
Jun 3 2010 // Accident Fund Holdings Inc. has created Third Coast Underwriters – a new, Chicago-based, specialty markets operation that will offer workers’ compensation insurance for underserved markets that have complex...
S&P Lowers State Auto Group’s Ratings to ‘A-‘; Outlook Stable
Jun 1 2010 // Standard & Poor’s Ratings Services has lowered its counterparty credit and financial strength ratings on the operating insurance companies of State Auto Group to ‘A-‘ from ‘A’. S&P...
Judge Rejects Fraud Charge, Says Rating Agencies Not Underwriters
Jun 1 2010 // A Manhattan federal judge said on Tuesday that it was unfair to hold Moody’s Investors Service and Standard & Poor’s liable as “underwriters” on securities offerings needing their ratings, as he...
Best Affirms Platinum’s ‘A’ Ratings
May 20 2010 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Bermuda-based Platinum Underwriters Group and its members. Best also has...
Lloyd’s CEO Calls for ‘Underwriting Discipline’ In Face of a ‘Tough Year’
May 19 2010 // Lloyd’s CEO Richard Ward issued a warning to insurance chiefs to prepare for a tough year ahead with the fall-out from large scale catastrophes, such as the Chilean earthquake and Transocean oil spill, likely to be...
U.S. Risk Names Kearns Underwriter and Broker in Austin Office
May 17 2010 // Surplus lines wholesaler and managing general agency, U.S. Risk Insurance Group Inc., has named JoAnna Kearns a broker/underwriter in the U.S. Risk Brokers Austin, Texas, office. Kearns has nearly 10 years of insurance...
People
May 17 2010 // Martha A. Lees has been named deputy superintendent and general counsel for the New York State Insurance Department. She advises the superintendent on legal matters and oversees the preparation of legal opinions, the...
E&O Insights: MGAs Carry a Heavy Errors and Omissions Load
May 17 2010 // Having met the management of many managing general agencies (MGA), and managing general underwriters (MGU), I have been somewhat surprised by their perspective on their errors and omissions (E&O) claim potential. Some...
The Competitive Advantage: Opportunity Knocks
May 17 2010 // Coverage, Underwriting Knowledge Have Become More Powerful Tools in Today’s Market When I first started as an underwriter a few decades ago, I was truly amazed at the coverage knowledge so many of the older...
CNA Appoints Abercrombie as Commercial Underwriting Officer
May 14 2010 // CNA has appointed Jamie Abercrombie as commercial underwriting officer. Abercrombie, who has more than 27 years of underwriting experience will be based in Philadelphia. He most recently served as vice president of risk...
Zurich Expands Underwriting Staff in Southwest
May 12 2010 // Zurich, a property/casualty insurance provider, has added six people to its underwriting staff in its Southwest region offices. They are: Matt Sweesy has been brought in to lead expansion efforts in the Strategic Risk...
Best Removes Berkshire Companies from ‘Under Review;’ Affirms Ratings
May 10 2010 // A.M. Best Co. has issued three separate bulletins announcing that it has removed a number of Berkshire Hathaway’s insurance companies from the “under review with negative implications” status it announced...
Suttie Named President of Berkley Medical Excess Underwriter
May 7 2010 // W. R. Berkley Corp. has appointed Collin J. Suttie as president of Berkley Medical Excess Underwriters LLC (BerkleyMed) in St. Louis, Mo. Suttie succeeds BerkleyMed founder J. Michael Foley, who will continue to be...
