Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Buyout of Universal Underwriters Insurance Canceled;Customers to Receive Large Refunds
Jan 16 2006 // The Kansas City Star reported today that the proposed $1.1 billion sale of Universal Underwriters Insurance Co. has fallen through following a regulatory examination that may mandate refunds to customers in the amount of...
Best Affirms Singapore Re ‘A-‘ Rating
Jan 13 2006 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A-” (Excellent) and the issuer credit rating of “a-” of Singapore Reinsurance Corporation Limited (Singapore Re) with a...
Underwriters Exercise Quanta Capital Over-Allotment Option
Jan 12 2006 // Bermuda-based Quanta Capital Holdings Ltd., which provides specialty insurance, specialty reinsurance, and risk assessment and consulting services through its subsidiaries, announced that the underwriters of its recent...
Best Affirms FSR for Lawyers’ Professional Indemnity Company
Jan 11 2006 // A.M. Best Co. has affirmed the financial strength rating of A (Excellent) of Lawyers’ Professional Indemnity Company (LAWPRO) (Ontario, Canada). The rating outlook is stable. The rating and outlook reflect...
W. R. Berkley Forms Web-Based Underwriting Company
Jan 9 2006 // W. R. Berkley Corporation has launched Berkley Net Underwriters, LLC, a web-based system that will allow the company’s producers to quote and bind insurance on behalf of W. R. Berkley Corporation’s insurance...
U.K. Experts Warn of Continuing, Evolving Global Terrorist Threats
Jan 5 2006 // A leading U.K. intelligence expert and a specialist in terrorist underwriting at Hiscox Plc have warned that the threat of terrorism will not diminish in the year ahead with the continued potential for attacks around the...
Analysts Predict Faster P/C Premium Growth, Underwriting Profit in 2006
Jan 5 2006 // Record catastrophe losses will weigh heavily on 2005’s underwriting results, pushing what would have been the industry’s largest underwriting profit ever into a loss situation, according to the Insurance...
Alaska Superior Court offers ruling on credit history in underwriting
Jan 2 2006 // An Alaska Superior Court recently ruled that credit history can be used in insurance underwriting. That is a major victory for consumers, according to the Property Casualty Insurers Association of America...
2005 P/C industry in a word: Resilience
Jan 1 2006 // The property/casualty insurance industry reported a statutory rate of return on average surplus of 9.5 percent through the first nine months of 2005, marginally below the 10.5 percent average return recorded during...
People
Jan 1 2006 // Integro has hired three executives to serve in its San Francisco office. Michael J. Korn has accepted the position of managing principal of property practice, and Ted Doolittle has been appointed principal of executive...
Alaska Superior Court offers ruling on credit history in underwriting
Jan 1 2006 // An Alaska Superior Court recently ruled that credit history can be used in insurance underwriting. That is a major victory for consumers, according to the Property Casualty Insurers Association of America...
Insurers’ Income, Surplus Rise Despite Record Catastrophe Losses
Dec 28 2005 // The U.S. property/casualty insurance industry’s net income after taxes rose 4.4 percent, or $1.2 billion, to $28.8 billion in nine-months 2005 from $27.6 billion in nine-months 2004. Reflecting the industry’s...
Best Affirms Syndicate 382 Ratings
Dec 20 2005 // A.M. Best Co. announced that it has affirmed the Best’s Syndicate Rating of A (Excellent) and the issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 382 with a stable outlook. “Syndicate...
Best Rates U.K.’s Hiscox, Lloyd’s Syndicate, Bermuda Start-Up
Dec 19 2005 // A.M. Best Co. has announced its credit ratings on U.K. specialist and Lloyd’s insurer Hiscox plc. and its operating entities. It affirmed the financial strength rating (FSR) of “A-” (Excellent) and the...
Alaska Superior Court Offers Ruling on Credit History in Underwriting
Dec 19 2005 // An Alaska Superior Court recently ruled that credit history can be used in insurance underwriting. That is a major victory for consumers, according to the Property Casualty Insurers Association of America...
People
Dec 18 2005 // Clint Bothwell has been named Southeast regional president for Harleysville Insurance and will work in its new Atlanta regional office. The company also named other regional field organization leaders as it realigned the...
The Industry Goes to School: Universities that Offer Insurance Degrees
Dec 18 2005 // Twenty years ago, it was nearly impossible to find colleges and universities offering degrees in insurance. Now there are many programs across the nation that offer bachelor’s degrees, concentrations, certifications,...
W.R. Berkley Launching Aviation Underwriting Facility
Dec 13 2005 // W. R. Berkley Corporation reported the formation of Berkley Aviation, LLC. Berkley Aviation will write aviation risks on behalf of W. R. Berkley Corporation’s insurance company subsidiaries. Berkley Aviation will...
Dorr Joins Mass. Office of HCC Specialty Underwriters
Dec 13 2005 // HCC Specialty Underwriters, Inc., a specialty underwriting agency subsidiary of HCC Insurance Holdings, Inc., announced that Glenn B. Dorr III has joined its Wakefield, Mass. office. Dorr has been in the insurance industry...
IPC Holdings Notes Receipt of Notice of Intent to Cancel Underwriting Agency Deal as of Nov. 2007
Dec 10 2005 // IPC Holdings Ltd. reported that one of its subsidiaries, IPCRe Underwriting Services Limited, had received notice of the intent of Allied World Assurance Company Ltd. to cancel the underwriting agency agreement between the...
