Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
People
Nov 1 2009 // Eagan Insurance Agency, based in Metairie, La., has added six insurance professionals to its staff. Joining the family business are Andrew Eagan and David Strassel, both members of the fifth generation of the Eagan family...
How to COPE with Apartment Risks
Nov 1 2009 // COPE is generally associated with property underwriting rather than as a risk class-based underwriting acronym. However, the traditional use and definition of COPE can be broadened to highlight the top concerns of...
RenRe Posts $258.6 Million Q3 Net Income; Operating $242.2 Million
Oct 29 2009 // Bermuda-based RenaissanceRe Holdings Ltd., a leading nat cat property reinsurer, joined the comeback kids of 2009 with a robust performance in the third quarter. The Company reported net income available to common...
Carroll, Jarratt and Lee Added to PCI’s Board of Governors
Oct 29 2009 // Steven D. Carroll, Robert Jarratt and Michael H. Lee have been elected as the newest members of the Property Casualty Insurers Association of America’s (PCI) Board of Governors. Carroll, serves as executive vice...
Best Assigns ‘A’ Ratings to Lloyd’s Syndicates 3623, 3622 (Beazley)
Oct 28 2009 // A.M. Best Co. has assigned its Best’s Syndicate Ratings of ‘A’ (Excellent) and issuer credit ratings of “a+” to Lloyd’s Syndicate 3623 and Lloyd’s Syndicate 3622, with stable...
Schwarzbach Named Underwriting Vice President for Atlantic Casualty
Oct 28 2009 // Brian Schwarzbach has been named vice president of underwriting at North Carolina-based Atlantic Casualty Insurance Co., a member of the Strickland Insurance Group. Schwarzbach has been in the excess and surplus lines...
Rockhill’s New Underwriting Division to Focus on Healthcare Industry
Oct 23 2009 // Rockhill Underwriting Management has established a new underwriting division focused on serving specific segments of the healthcare industry. The unit will be led by Rob Jurgel, who has 20 years of experience in the...
Ironshore Expands Property Division at Lloyd’s, Bermuda
Oct 22 2009 // Bermuda-based Ironshore Inc. announced today that it has gained approval to write direct and facultative property business on behalf of its Pembroke Lloyd’s Syndicate effective October 1, 2009. The Pembroke team will...
Best Affirms Flagstone Re’s Ratings
Oct 22 2009 // A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” of Flagstone Reassurance Suisse SA and the ICR of “bbb-” of...
Drop in Catastrophe Losses Leads Travelers to Strong Underwriting Gain
Oct 22 2009 // Travelers Companies Inc., the No. 1 publicly-traded U.S. property/ casualty insurer, said its quarterly profit more than quadrupled, strongly beating expectations, as a dearth of costly catastrophes left the company with...
Westrope Hires Irvine-Based Underwriter
Oct 16 2009 // Westrope General Insurance Agency, of Kansas City, Mo., has hired Chris Frost, who joins the company as a production underwriter in the company’s office in Irvine, Calif. Frost has experience underwriting all classes...
People
Oct 5 2009 // David Daniel was named chairman of the Independent Insurance Agents & Brokers of America (Big “I”). He will lead the organization as chairman for the 2009-2010 term. Daniel is president of Daniel &...
People
Oct 5 2009 // Jim Newberry, assistant vice president and risk control manager of Island Insurance in Honolulu, has received the Risk Management/Insurance Practice Specialty Safety Professional of the Year Award. The award is from the...
Catlin Group Opens Rome Office
Oct 2 2009 // Global specialty property/casualty insurer Catlin Group Limited has established an underwriting office in Rome, its second office in Italy. The Rome office for Catlin Europe will be staffed by a five-member reinsurance...
AmWINS Names Francavilla President of Program Underwriters
Oct 1 2009 // Charlotte, N.C.-based specialty insurance broker AmWINS Group, Inc. has named Ben Francavilla as president of AmWINS Program Underwriters (APU). In this role, Francavilla will be responsible for the day-to-day operations...
P/C Industry Net Income Falls Nearly 60% in First-Half 2009
Sep 28 2009 // Private U.S. property/casualty insurers’ net income after taxes fell 59.3 percent to $5.8 billion in first-half 2009 from $14.1 billion in first-half 2008. Insurers’ overall profitability as measured by their...
Insurance Execs Not Confident of Underwriting Profit Over Next 3 Years
Sep 23 2009 // Insurance executives see their companies performing above general market expectations in 2010, but their outlook on the industry’s ability to generate underwriting profit in the next one to three years remains...
Newest Florida Carrier, Prepared Insurance, Targets ‘Older’ Homes
Sep 23 2009 // Florida has given the go-ahead to a new homeowners insurance company that plans to focus on what it says is the underserved market of homes built before 2002. Prepared Insurance Co., headquartered in Tampa, intends to use...
People
Sep 21 2009 // Wells Fargo Insurance Services of Minnesota Inc. named Gina Samland managing director for its Nebraska, Iowa, and Kansas City, Kan., operations. She is based in the Omaha, Neb., office. In her new role, Samland is...
People
Sep 21 2009 // Louisiana-based insurance wholesaler, Specialty Risk Associates Inc., announced several changes to its management team. Thomas Garland was named chief operating officer. Garland joined Specialty Risk in 2004 as vice...
