Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Also, Phillip Hill was elected chief financial officer and vice president of operations. Hill has been part of Ogilvy-Hi
Sep 4 2006 // People Ogilvy-Hill Insurance elected Mark Shipp president and CEO. Shipp has been with Ogilvy Hill for 11 years. In addition to his new role as president/CEO he will continue to build new relationships in the field. The...
By Michael Foster
Sep 4 2006 // Understanding the surety process The surety underwriting process is often looked upon with disdain by insurance agents. It is frequently considered to be a futile exercise wrought with frustration, delays and...
The Mass. liquor JUA serves up misleading market information
Sep 4 2006 // As a managing general agent for liquor liability insurance for over 20 years, I took great interest in a recent article in Insurance Journal entitled, “Raising the bar on liquor liability training.” (See...
Bass Underwriters Offers New Markets in California
Sep 1 2006 // Bass Underwriters of California has a new market. Target markets include, but are not limited to, contractors (occurrence form), restaurants and bars (can include A&B), hotel/motel, equipment rental with operator,...
Washbourn Named New Head of London Market’s JWC
Aug 30 2006 // The London Market’s Joint War Committee, which represents the interests of London underwriters who insure ships sailing into dangerous waters, has appointed Clive Washbourn as its new chairman. He is currently head...
Wellington Launches U.S. Marine Reinsurance Business
Aug 30 2006 // Wellington Underwriting Inc. (WU Inc.), the wholly owned US underwriting agency of U.K.-based Lloyd’s and general insurer Wellington Underwriting plc (Wellington), has launched a new marine reinsurance business for...
Chicago Group Designs Test Study for Underwriting in Urban Markets
Aug 30 2006 // Insurers seeking a competitive edge in diverse markets are in the final stages of designing a study that will test a wide array of traditional and non-traditional information. Chicago-based Urban Insurance Partners...
Best Affirms Gen Re’s ‘A++’ Ratings
Aug 17 2006 // A.M. Best Co. has affirmed the financial strength ratings (FSR) of “A++” (Superior) and the issuer credit ratings (ICR) of “aa+” for the Delaware-based General Re Group. Best said the ratings apply...
Martin Joins The Republic Group as Director, Personal Lines
Aug 17 2006 // Dallas-based The Republic Group announced that Lisa R. Martin has joined the company as director, Personal Lines. Martin will be in charge of the underwriting functions for Republic’s Personal Lines and will have...
Ohio Great American Opens Liability Division Branch in Canada
Aug 15 2006 // Great American Insurance Group’s Executive Liability Division recently announced the opening of a new branch office in Toronto, Canada. The Executive Liability Division adds Michael Shore, CRM and Oren Schemool, MBA...
When insuring international trade, expect the world
Aug 7 2006 // Think how few things you and your clients wear, use or drive that are wholly made in the USA, and you get a sense of the magnitude of international trade. International trade also is no longer the domain of global giants...
Insuring energy risks for profit isn’t getting any easier
Aug 7 2006 // Recent experiences need to be translated into quality underwriting standards for the future Underwriting energy risks is not for the faint-hearted, even during the best of times. The nature of these risks (with high...
Target Markets leaders see now as good time to shop proven programs
Aug 7 2006 // TMPAA’s Thompson, Siefert discuss today’s program business opportunities and program administrators’ evolution Despite soft market conditions, program carriers are less than enthusiastic about jumping at...
When insuring international trade, expect the world
Aug 7 2006 // Shipments are delayed, damaged, lost or stolen around the globe with a frequency that is probably not surprising. What is surprising is how significantly the effects of those losses could be mitigated. Think how few things...
Target Markets leaders see now as good time to shop proven programs
Aug 7 2006 // Despite soft market conditions, program carriers are less than enthusiastic about jumping at the chance to start a new program, according to two industry experts. But times may be ripe for a program manager who is less...
Insuring energy risks for profit isn’t getting any easier
Aug 7 2006 // Underwriting energy risks is not for the faint-hearted, even during the best of times. The nature of these risks (with high concentration of values, highly flammable substances, harsh operating conditions, often in hostile...
Chicago Specialty Underwriters’ Alliance Reports Profitable 2nd Quarter
Aug 4 2006 // Chicago-based Specialty Underwriters’ Alliance, Inc., “SUA” recently reported net income of $2.2 million, or $0.14 per share, for the three months ended June 30, 2006, compared with a net loss of $4.0...
Safeco Reports Strong Profitability in Second Quarter
Aug 2 2006 // Seattle-based Safeco has reported second-quarter net income of $199.7 million, reflecting consistent, profitable underwriting performance across all major lines of business. According to the company, it initiated expense...
Best Reports P/C Underwriting Income Up 21% in 1st Quarter
Aug 2 2006 // The U.S. property/casualty industry’s underwriting income improved 21.0 percent to $8.3 billion in first quarter 2006 from $6.8 billion in first quarter 2005, according to a new special report by A.M. Best Co....
Fla. Gov. Bush Eyes State Pool for Commercial Lines
Jul 30 2006 // Florida Gov. Jeb Bush is considering a state-run reinsurance pool or joint underwriting pool to help businesses that can’t get policies from private insurers, saying that if companies can’t get coverage, it...
