Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
P/C Industry Posts $1.3B Loss in Q1; Combined Ratio Up to 102.2
Jul 6 2009 // The property/casualty insurance industry suffered a $1.3 billion net loss after taxes for first-quarter 2009, which constitutes a $9.8 billion adverse swing from the industry’s $8.5 billion in net income after taxes...
Pape Appointed to Specialty Underwriters’ Alliance Board
Jul 2 2009 // Chicago-based Specialty Underwriters’ Alliance Inc. announced that Mark E. Pape has been appointed to its board of directors. Pape, a seasoned insurance executive, is currently a partner at Tatum LLC, the largest...
RMS ‘Underwriting Toolkit’ Provides Instant UK Property Risk Assessment
Jun 24 2009 // Risk Management Solutions has launched its “Underwriting Toolkit,” which it describes as “designed to help underwriters and pricing managers accurately assess and rate risk for individual buildings...
Specialty Underwriters’ Alliance Extends Partner Agent Agreements
Jun 23 2009 // Chicago-based Specialty Underwriters’ Alliance Inc. has amended its Partner Agent Program Agreements with its three largest Partner Agents – Risk Transfer Programs LLC (RTP); American Team Managers Insurance...
Tower Group to Acquire Specialty Underwriters’ Alliance of Illinois
Jun 22 2009 // New York-based Tower Group, Inc. has agreed to purchase Illinois-based specialty insurer Specialty Underwriters’ Alliance, Inc. in a transaction valued at approximately $107 million. Under the terms of that...
Van Wagoner Promotes Browning, Adds New Underwriter
Jun 19 2009 // Dallas, Texas-based wholesale insurance broker, Van Wagoner Companies Inc., has promoted Amber L. Browning to vice president and appointed Chip Shattuck as a commercial lines underwriter. Browning has been with Van Wagoner...
Ark-La-Tex Underwriters Adds Fenley as Marketing Director
Jun 9 2009 // Shreveport, La.-based Ark-La-Tex Underwriters Inc. (ALTU) announced that Jim Fenley has joined the firm as marketing director. Fenley has more than 30 years of experience with insurance wholesalers in Texas. He has held...
Shrimpton Named as Catlin’s Senior Marine Hull Underwriter
Jun 8 2009 // Bermuda’s Catlin Group Limited has promoted Simon Shrimpton to senior marine hull underwriter in its London office. He will head Catlin’s six-person team, underwriting hull business on behalf of the Catlin...
Chartered Property Casualty Underwriters Society Chapter Elects Officers
Jun 4 2009 // The San Gabriel Valley, Calif., Chapter of the Chartered Property Casualty Underwriters Society recently elected its 2009-2010 officers. The chapter services about 100 members who live or work in the San Gabriel Valley and...
Demographic Shifts Impacting Underwriting, Pricing
Jun 2 2009 // Demographic changes are impacting the underwriting and pricing of many insurance products and the implications of these changes are creating new challenges and opportunities for property/casualty insurers, according to...
People
Jun 1 2009 // TD Insurance Inc. has hired Linda Bogardus as an account manager in the Core Division of Commercial Lines. Bogardus, who is based in Burlington, Vermont, will oversee marketing and servicing large commercial insurance...
People
Jun 1 2009 // Neal S. Wolin has been confirmed by the U.S. Senate to serve as the deputy secretary of the U.S. Department of the Treasury. In February, Wolin was named deputy assistant to the President and deputy counsel to the...
Americas Insurance to Underwrite New Policies in Louisiana
May 20 2009 // Americas Insurance Co., which took on nearly 1,000 homeowner policies that had been covered by Louisiana’s insurer of last resort, said it is entering the voluntary homeowners’ market. The company said it...
Best Affirms Travelers Ratings; Changes Outlook to Positive
May 19 2009 // A.M. Best Co. has revised the outlook to positive from stable for the issuer credit ratings (ICR) of Travelers Group, its P/C members and affiliate, Travelers Casualty and Surety Company of America (TCSA) and TCSA’s...
XL Hires 3 Underwriters for London-based Aviation Unit
May 15 2009 // XL Insurance, the global insurance operations of XL Capital, has announced the hiring of three additional underwriters for its London-based aviation business. “The London team will be headed by Simon Murray as...
Safety National Opens New York Underwriting Office
May 13 2009 // Safety National has opened regional underwriting office in New York, and has tapped industry veterans Sharon Herschlag and Dennis Zervos as regional underwriting managers. The company says the new office builds on its...
Kania Joins Liberty International Underwriters
May 11 2009 // Liberty International Underwriters, a division of Liberty Mutual Group, named Tim Kania as senior vice president of construction for its North and South America operations. An insurance executive for more than 20 years,...
6 Steps For Agents to Take Before Soft Market Hardens
May 11 2009 // Most insurance professionals detest a soft market due to the increase in competition, unreasonably low pricing and increased market vulnerability. Some, however, may appreciate a softening precisely because of the change...
Specialty Underwriters’ Alliance Reports 20% Premium Growth for Q1
May 11 2009 // Chicago-based Specialty Underwriters’ Alliance Inc. reported that although net income was down in the first quarter of 2009 compared to the same period a year ago, gross written premiums rose to $29 million compared...
Best Rates Lloyd’s Syndicates 382 (Hardy) and 1225 (AEGIS)
May 8 2009 // Syndicate 382 – Hardy Underwriting A.M. Best Co. has affirmed the Best’s Syndicate Rating of ‘A ‘(Excellent) and the issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 382,...
