Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Scott Joins PWIB Texas as Broker/Underwriter
Jul 13 2007 // Chris Scott has joined Dallas-based PWIB Texas as broker/underwriter, the company announced. Scott has been a broker since 2002 and previously was associated with other leading insurance wholesalers in the Dallas...
Ark. Reminds Insurers not to Penalize Armed Services Personnel
Jul 13 2007 // The Arkansas Insurance Department issued a directive to property and casualty carriers issuing policies containing “occupancy” requirements in their underwriting standards that could adversely impact insurance...
Rockhill Underwriting Names Matthew Semeraro Vice President of Surety
Jul 11 2007 // Missouri-based Rockhill Underwriting Management, LLC recently announced that Matthew J. Semeraro has joined the organization as vice president of Surety. Semeraro will be located in the Atlanta office in this new role and...
A.M. Best: P/C Industry Posts 1Q Underwriting Profit
Jul 9 2007 // The U.S. property/casualty industry followed record profits in 2006 with continued favorable trends in first quarter 2007, posting net income after taxes of $16.7 billion. An underwriting gain of $8.0 billion and net...
Aspen to Launch Prof. Liability Lines
Jul 5 2007 // Bermuda-based Aspen Insurance Holdings Limited announced that it will enter the Professional Liability Insurance market in September 2007 through Aspen Insurance UK Limited. “Underwriting will take place solely from...
Coverage interpretation and claims litigation at odds
Jul 2 2007 // But overall, construction market looks ‘optimistic,’ Willis exec says Today’s construction underwriters and their claim departments may not be following the same blueprint on issues of coverage...
People
Jul 2 2007 // Chicago-based Aon Corp. reported that David P. Bolger, executive vice president, chief financial officer and chief administrative officer, is leaving the company. Bolger will remain with Aon until the search for his...
Getting to ‘yes’ with underwriters on design liability accounts
Jul 2 2007 // The most important thing a broker can do to advance an underwriting deal for an architects and engineers professional liability account is to understand how insurers vary in their rating. Insurers do not all approach...
Coverage interpretation and claims litigation at odds
Jul 2 2007 // Today’s construction underwriters and their claim departments may not be following the same blueprint on issues of coverage interpretation for losses involving general liability and property damage claims, says Paul...
P/C Industry Net Income, Overall Profitability Slip in 1Q 2007
Jun 28 2007 // The U.S. property/casualty insurance industry’s net income after taxes dipped to $15.8 billion in first-quarter 2007 from $16.7 billion in first-quarter 2006 and $17.7 billion in first-quarter 2005, according to...
Tapco Underwriters To Expand with Calif., Texas Offices
Jun 26 2007 // Tapco Underwriters Inc., a managing general agent/wholesaler in the excess and surplus market, has announced it will be expanding into California and Texas. Offices will open in Los Angeles and HOuston on July 9, according...
Montpelier Re Launches New Lloyd’s Syndicate; S&P Comments
Jun 21 2007 // Bermuda’s Montpelier Re Holdings Ltd. announced that it has received approval from Lloyd’s for the commencement of trading on July 1, 2007 of a new Syndicate, to be known as Montpelier Syndicate 5151, pseudonym...
Liberty Mutual Underwriters, Lemme Offer Accountants’ Professional Liability
Jun 21 2007 // Liberty International Underwriters (LIU), a division of Liberty Mutual Group, and Lemme Insurance Group, Inc. have partnered to provide accountants with an expanded professional liability policy. Available in 38 states...
Indemnity Underwrites Private Company and Not-for-Profit Risks
Jun 20 2007 // Beaverton, Ore.-based Indemnity Excess & Surplus Agency, a professional lines and specialty lines wholesale brokerage firm, is using i-bind technology system to procure management liability insurance for private...
Zurich Names Kerner, Talbot to Global Management Posts
Jun 19 2007 // Zurich Financial Services Group announced the appointment of Michael Kerner (41) as its new Global Chief Underwriting Officer for General Insurance and Mark Talbot (42) as Global Head of Group Reinsurance. Both men will...
Catlin US Appoints Greggains, Englesbe as Chief Underwriting Officers
Jun 19 2007 // Bermuda-based Catlin Group Limited reported that Nick Greggains has been appointed as chief underwriting officer for insurance and Andrew Englesbe has been appointed as chief underwriting officer for reinsurance for Catlin...
People
Jun 18 2007 // Gregg Effner has joined The Main Street America Group as assistant vice president of distribution management. Effner will be based at the headquarters in Jacksonville, Fla., and report to Doug Eden, senior vice president...
Brokers’ stock prices up 8%; 23 M&As posted in April and May
Jun 18 2007 // Stock Prices: Overall, brokers’ stocks have performed well year-to-date, up 8 percent. A strong contributor to the stock price increase is the merger and acquisition premium related to the high prices private equity...
Workers’ comp writers report best underwriting results in decades
Jun 18 2007 // The workers’ compensation calendar year combined ratio stands at 96.5 percent — the best underwriting result in at least 30 years and the first underwriting profit for the line since 1995, according to the...
Mitchell Leaving Zurich for R&SA Post
Jun 11 2007 // The UK’s Royal & SunAlliance has appointed Timothy Mitchell to the newly created post of Group Underwriting & Claims Director with responsibility to direct the development of underwriting and claims...
