Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Financial Institutions’ Insurance Prices Still Going Up, Says Willis
Aug 5 2009 // Financial institutions faced an average premium hike of 15 percent in the second quarter of 2009, as insurers seek to make up for underwriting losses resulting from a deluge of credit crunch-related Professional Indemnity...
Great American Expands Underwriting to Include Single Entity Captives
Aug 5 2009 // Cincinnati, Ohio-based Great American Insurance Group announced that its Alternative Markets Division has expanded its underwriting to include single entity captives. Highlights of Great American’s single entity...
NetRate Systems Delivers Commercial Lines Rating System to Trinity Underwriting Managers, Inc.
Aug 4 2009 // Okemos, MI., August 4 2009 – NetRate Systems, Inc. (Okemos, MI) is pleased to announce implementation of the NetRate Commercial Lines Rating System at Trinity Underwriting Managers, Inc., of Pooler, GA. Trinity...
Cohen Joins New Day Underwriting Managers in Atlanta
Aug 4 2009 // New Day Underwriting Managers has appointed Mitch Cohen assistant vice president. He has 27 years of experience as a structural engineer and construction manager, environmental contractor, environmental consultant and...
Markel International Appoints Drake as Underwriter in Singapore
Aug 3 2009 // Markel International Limited has appointed Tom Drake as underwriter in its Singapore branch. The appointment will help Markel to develop facultative and treaty business in the property sector. Drake has more than 30...
Investments Hurt Some U.S. Captives But Underwriting Income Up Overall
Aug 3 2009 // U.S. captive insurers’ net income declined approximately 66 percent in 2008 for a composite of 186 captive companies represented in an A.M. Best Co. special report. This reflects realized losses of $1.2 billion for...
Travelers Earnings Fall 20% in Q2; Net Premiums Down Slightly
Jul 30 2009 // Travelers Cos. Inc. said on Thursday that second quarter earnings fell about 20 percent on lower investment income and underwriting profit. An increase in premium levels helped Travelers’ net policy sales keep pace...
Houston Joins Griffin Underwriting Services in Oregon
Jul 27 2009 // Griffin Underwriting Services of Bellevue, Wash., has added John Houston as a property/causalty underwriter in the company’s Portland, Ore., office. In this position, Houston will be responsible for underwriting and...
Chubb Net Income Rises 18% in Q2
Jul 24 2009 // U.S. property/casualty insurer Chubb Corp posted a higher quarterly profit on Thursday, beating Wall Street expectations, as investment gains and lower underwriting losses offset declining policy sales. Second-quarter net...
National Specialty Underwriters Named a ‘Best Company to Work For’ in Washington
Jul 22 2009 // Bellevue, Wash.-based National Specialty Underwriters Inc. (NSU) was named one of Washington’s “2009 Best Companies to Work For” by Seattle Business Magazine. The publication chose 100 finalists in its...
Torus Re Names Mardon President/Chief Underwriting Officer
Jul 21 2009 // Torus Insurance Holdings Limited announced the appointment of Tim Mardon as President and Chief Underwriting Officer of Torus Re with immediate effect. He will report directly to Clive Tobin, Chief Executive of...
U.S. Reinsurers Post $26.4B in Net Premiums for 2008
Jul 21 2009 // For 2008, the U.S. reinsurers reported net premiums written of $26.4 billion, premiums earned of $25.9 billion, according to the Reinsurance Association of America’s “Reinsurance Underwriting Review: 2008...
How Independent Agents View Super-Regional Carriers
Jul 20 2009 // Survey Says Carrier Size Matters But So Does Price, Underwriting and Service When it comes to selecting a carrier partner, size matters. But when it comes to ending a carrier relationship, price, underwriting flexibility...
Survey: Carrier Size Matters But So Do Price, Underwriting and Service
Jul 20 2009 // When it comes to selecting a carrier partner, size matters. But when it comes to ending a carrier relationship, price, underwriting flexibility and service matter the most. That’s according to the survey —...
People
Jul 20 2009 // Wholesaler Colemont Insurance Brokers reports that Bob Black has been promoted to vice president in the company’s Atlanta office. Black joined Colemont in 2004 as an associate broker responsible for marketing all...
People
Jul 20 2009 // LoriAnn Lowery resigned from her position as president of Lloyd’s North America, after a little more than a year on the job. Sue Langley, Lloyd’s director of market operations and North America, said Lowery,...
Property/Casualty Industry’s Earnings Down 87% in Q1
Jul 20 2009 // The U.S. property/casualty industry’s net income fell 87 percent to $1.2 billion in the first three months of 2009, according to A.M. Best. “The year-over-year decline in earnings was due primarily to the...
San Diego Chartered Property Casualty Underwriters Society Installs Officers
Jul 15 2009 // The San Diego Chapter of the Chartered Property Casualty Underwriters (CPCU) Society installed new 2009-2010 officers and directors. Officers include: President Tyler Hamilton of Alliant Specialty Insurance Services;...
Best Affirms Omega Specialty, Lloyd’s Syndicate 958 Ratings
Jul 15 2009 // A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Bermuda-based Omega Specialty Insurance Company Limited (OSIL), both with stable...
Hiscox Bermuda Adds Two Healthcare Liability Underwriters
Jul 13 2009 // International specialist insurer Hiscox Ltd. announced the appointment of two healthcare underwriters to Hiscox Bermuda, subject to immigration approvals. Ian Thompson (Senior Vice President – Healthcare) and Nick...
