Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Chartered Property Casualty Underwriters Host Contractual Risk Transfer Seminar in Pasadena
Mar 28 2006 // The Chartered Property Casualty Underwriters Society’s California El Camino, Los Angeles and San Gabriel Valley Chapters are hosting a Contractual Risk Transfer seminar on Thursday, April 20 in Pasadena, Calif. The...
Best Affirms Steamship Mutual Underwriting (Bermuda) Rating
Mar 27 2006 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A-” (Excellent) and assigned an issuer credit rating of “a-” to The Steamship Mutual Underwriting Association (Bermuda)...
Best Affirms Steamship Mutual Underwriting (U.K.) ‘A-‘ Ratings
Mar 24 2006 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A-” (Excellent) and assigned an issuer credit rating of “a-” to the U.K.-based Steamship Mutual Underwriting...
Insurance Study Could Provide New Underwriting Approach for Urban Areas
Mar 22 2006 // Chicago-based the Urban Insurance Partners Institute said it has passed another milestone in its pioneering study to develop a new underwriting methodology for assessing risk in the rapidly growing underbanked urban and...
Consumer Group Accuses Geico of Unfair Underwriting Practices
Mar 21 2006 // A U.S. consumer group has made claims that Geico Corp. uses rate-making methods that directly base eligibility and premiums solely upon the educational background and occupation of consumers. The Consumer Federation of...
Montpelier Re Names Harris Chief Underwriting & Risk Officer
Mar 21 2006 // Bermuda-based Montpelier Re Holdings Ltd. announced that Christopher L. Harris has been appointed Chief Underwriting & Risk Officer of the Company and of Montpelier Reinsurance Ltd. with immediate effect, subject to...
Kirchner Joins PWIB Texas as Senior Underwriter/Broker
Mar 20 2006 // PWIB Texas reported that Russ Kirchner has joined the company as senior underwriter/broker. Kirchner will work out of PWIB Texas’ San Antonio office at 1380 Pantheon Way, Suite 390. Kirchner has 35 years’...
Beazley Commercial Property Team Expands In U.S.
Mar 20 2006 // Beazley announced it has hired two senior underwriters to assist with the company’s U.S. operations mid market commercial property business a focus. Todd Hanes joins Beazley as the West Coast regional underwriting...
Chicago’s Specialty Underwriters’ Alliance Expands to Include Trucking
Mar 20 2006 // Specialty Underwriters’ Alliance, Inc. today announced that it amended its Partner Agent Program Agreement with American Team Managers to include specialized local and intermediate trucking. ATM will provide...
Not all Oil & Gas programs are created equal
Mar 20 2006 // What do Dodge Neon, Mazda Miata and Lexus 430 have in common? Simple–they are all the same form of transportation. Each will allow you to control your travel from Point A to Point B but each has its own unique...
By W. Randolph Zator
Mar 19 2006 // Not all Oil & Gas programs are created equal The American market has expanded in numbers from AIG Oil Rig, principally alone 30 years ago, to perhaps 10 domestic energy markets. Other foreign carriers in Bermuda and...
Best Affirms FSR of Hang Seng Insurance Co. Ltd.; Outlook is Stable
Mar 16 2006 // A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) and assigned an issuer credit rating of “aa-” to Hang Seng Insurance Company Limited (Hang Seng Insurance) (Hong Kong). The outlook for...
HCC Closes Minority Stake in Lloyd’s Heritage Underwriting Agency
Mar 15 2006 // HCC Insurance Holdings Inc., headquartered in Houston, Texas, reported it has received regulatory and Lloyd’s of London approval to its previously announced acquisition of 23.6 percent shareholding in Heritage...
U.K.’s Catlin Group Appoints Banas President, CEO of New U.S. Company
Mar 10 2006 // The U.K.’s Catlin Group reported from its Bermuda operations center that Richard Banas has been appointed as president and CEO of Catlin Inc., the Group’s new U.S. subsidiary. “Rich Banas will be...
M.E. James Surplus Lines Names Chang Underwriter
Mar 7 2006 // M.E. James Surplus Lines Insurance Brokerage Inc. has hired Scott Chang as an underwriter in the new Los Angeles-based office. Chang began his insurance career in 1989 at Singer Insurance, an managing general agent in...
SCOR Premium Income up 25%
Mar 6 2006 // France’s SCOR Group noted a 25 percent rise in worldwide premium income follwing the January renewal season. Non- life and credit & surety treaties totaled €1.041 billion ($1.256 billion). The reinsurer said...
Gormley Promoted to Senior VP at Lighthouse Underwriters
Mar 6 2006 // Lighthouse Underwriters, an Anandale-Va.-based program underwriting company, announced that Sean Gormley has been promoted to senior vice president. In this position he will be responsible for the day-to-day operations at...
XL Insurance Notes New Developments in Global Aerospace Operations
Mar 6 2006 // David Duclos, COO for XL Capital Ltd’s (“XL”) insurance operations (“XL Insurance”), reported changes within XL Insurance’s global aerospace business. London-based Peter Bilsby has been...
Understanding the rules of rescinding policies
Mar 6 2006 // Underwriters must do their homework and take a close look at legal and business requirements before deciding to rescind an insurance policy, executives attending the Professional Liability Underwriting Society (PLUS) 18th...
Texas Windstorm Underwriting Workshops Planned for May/June
Mar 2 2006 // The Texas Windstorm Insurance Association announced it will hold “underwriting basics workshops” in various locations throughout the state. TWIA noted that these workshops will help new agents/agency personnel...
