Latest Underwriting Headlines

Underwritiers weigh design, construction of offshore oil platforms

Apr 9 2007 // Not all offshore platforms are created equal, which is why one platform will survive a storm unscathed while another nearby is completely obliterated. In order to appropriately underwrite offshore platform risk,...

National Specialty Underwriters Adds Staff, Expands Chicago Office

Mar 30 2007 // National Specialty Underwriters, Inc. (NSU) has announced the hiring of Dianne O’Donnell as sales executive, and Meghan Hamilton as account manager for NSU Healthcare, a division of the company that specializes in...

Best Downgrades Steamship Mutual Bermuda and UK Ratings

Mar 29 2007 // In separate bulletins A.M. Best announced that it has downgraded the financial strength rating of The Steamship Mutual Underwriting Association (Bermuda) Limited (the Club) and its UK operation Steamship London to...

Lancashire Promotes Burton, Whelan, Porter

Mar 28 2007 // Lancashire Holdings Limited, which writes a diversified mix of specialty insurance lines both catastrophe and non-catastrophe from twin platforms in Bermuda and London, announced three senior management promotions, as...

Ill. Speciality Underwriters Contracts with New Partner

Mar 27 2007 // Specialty Underwriters’ Alliance, Inc., through its subsidiary SUA Insurance Co., today announced a new Partner Agent agreement with Flying Eagle Insurance Services, Inc. (“Flying Eagle”) to market and...

Top 10 myths of D&O liability insurance

Mar 26 2007 // Squelching frequent misconceptions of this valuable protection. In today’s soft directors and officers market, the importance of a long term approach can often be lost in the process of securing coverage. However,...

People

Mar 26 2007 // Louisiana Workers’ Compensation Corporation (LWCC) hired William B. Bangs IV as vice president of agency relations. In this position, Bangs will plan, direct and coordinate agency relations with insurance agents...

Top 10 myths of D&O liability insurance

Mar 26 2007 // In today’s soft directors and officers market, the importance of a long term approach can often be lost in the process of securing coverage. However, history has proven in the past 15-plus years that the D&O...

A.M. Best says commercial P/C outlook stable

Mar 26 2007 // Pricing remains rational for now despite increasing competition A.M. Best Co. has completed its assessment of the U.S. commercial market and revised the outlook to stable from negative for 2007. Although Best says there...

A.M. Best says commercial P/C outlook stable

Mar 26 2007 // News Currents A.M. Best Co. has completed its assessment of the U.S. commercial market and revised the outlook to stable from negative for 2007. Although Best says there continues to be evidence of pricing deterioration,...

Lloyd’s Underwriter Survey Again Puts ‘Managing the Cycle’ as Chief Concern

Mar 23 2007 // “For the third year running, underwriters in the Lloyd’s market have identified managing the cycle as the most important challenge for the industry, and over two-thirds believe that the industry has made some...

Job, education underwriting factors under scrutiny in N.J.

Mar 12 2007 // New Jersey drivers could see a return to high prices and fewer choices for their insurance if legislators limit the use of occupation and education as rating factors, insurers warned lawmakers at a legislative hearing...

Mar 12 2007 // People Markel Insurance Co. named Thomas K. “Smitty” Smith as vice president of marketing. Smith joins Markel after three years as senior vice president and managing director of the Richmond branch of Riggs,...

RSI Promotes Ballard to Underwriting Manager for Commercial Lines

Mar 9 2007 // RSI International Inc. announced the promotion of Holly Ballard to commercial lines underwriting manager for their Texas offices. In this newly created position, Ballard will oversee the Commercial Lines Department, and...

Insurers Warn N.J. Not to Restrict Use of Education, Job Status in Rating

Mar 6 2007 // New Jersey drivers could see a return to high prices and fewer choices for their insurance if legislators limit the use occupation and education as rating factors, insurers warned lawmakers at a legislative hearing this...

A.M. Best: Commercial P/C Outlook Stable Despite Price Competition

Mar 5 2007 // A.M. Best Co. has completed its assessment of the U.S. commercial market and revised the outlook to stable from negative for 2007. Although A.M. Best says there continues to be evidence of pricing deterioration, the level...

Chicago Specialty Underwriters Report 4th Quarter, Year-end Results

Feb 28 2007 // Specialty Underwriters’ Alliance, Inc. has announced financial results for the fourth quarter and year ended December 31, 2006. Highlights for the year ended December 31, 2006 include: * Gross written premium growth...

A look behind the very good P/C results for 2006

Feb 26 2007 // The numbers, or estimates, for the property casualty insurance industry for 2006 are in. Dr Robert Hartwig, president and chief economist of the Insurance Information Institute, discussed them with Insurance...

A look behind the very good P/C results for 2006

Feb 26 2007 // The numbers, or estimates, for the property casualty insurance industry for 2006 are in, and Dr. Robert Hartwig, president and chief economist of the Insurance Information Institute, discussed them with Insurance...

Why a regional carrier might be an agent’s best friend

Feb 26 2007 // The old saying “all politics is local” is born of the realization that the things that most directly affect us are local issues. In that respect, one could say that insurance is a local business. Risk...