Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
E&S Foresight and Good Management Ease Hard Market Pains
Jan 26 2004 // As you have no doubt heard by now, this hard market is not just longer; it is fundamentally different. It is by all reports the most moderate in memory, characterized by fewer and less dramatic disruptions of normal market...
Benfield Study Finds Reinsurance Rates Holding Firm
Jan 19 2004 // Benfield, an independent insurance intermediary, has released a new report, which concludes that despite “ample capacity and signs of resurgent competition, the reinsurance market generally maintained underwriting...
Aspen Announces New U.S. Property Reinsurance Team
Jan 16 2004 // Bermuda-based Aspen Insurance Holdings Limited announced that, subject to regulatory filings, it will expand its U.S. property reinsurance underwriting as of January 26, 2004 through the formation of a new property...
New Non-Underwritten Homeowners Program Available from Superior Access
Jan 14 2004 // Richard Swoy, chairman of Irvine, Calif.-based Superior Access Insurance Services Inc. has announced that a new specialty program is available to California agents and brokers having problems placing homeowners’...
ACE Tempest Reinsurance Ltd. First to Integrate AIR’s Catastrophe Loss Modeling Technology for its Underwriting Software
Jan 13 2004 // ACE Tempest Reinsurance Ltd. (ACE Tempest Re) and AIR Worldwide Corporation (AIR) announced the first implementation of an innovative toolset, CATools, which reportedly significantly increases the efficiency of the...
Non-Underwritten Homeowners
Jan 12 2004 // Nuts & Bolts: Superior Access Insurance Services Inc. has a new, non-underwritten homeowners program now available in California, which is virtually non-underwritten. Designed for homeowners in hard to qualify areas...
RLI Subs Get ‘A’ Rating
Jan 12 2004 // Fitch Ratings has assigned a ‘BBB’ long-term rating to RLI Corp. and a ‘BBB’ rating to RLI’s 5.95 percent senior unsecured notes due 2014. In addition, Fitch has assigned ‘A’...
P/C Industry’s Net Income Surges, But Slowing Premium Growth May Hamper Further Progress, Report Says
Dec 23 2003 // According to a report released by the Insurance Services Office Inc. (ISO) and the National Association of Independent Insurers, the U.S. property/casualty industry’s net income after taxes increased to $21.1 billion...
IIANJ Comments on DOBI’s “Three Scenarios” and Alternate Underwriting Rules
Dec 22 2003 // The Independent Insurance Agents of New Jersey recently provided input to the New Jersey Department of Banking and Insurance (DOBI) on several proposed regulations implementing the “Competition and Choice Act signed...
Best Affirms Ratings on Lloyd’s Syndicates 570, 609 and 382
Dec 19 2003 // A.M. Best Co. announced that it has affirmed the ‘A-‘ (Excellent) rating of Lloyd’s Syndicate 570 and the ‘A’ (Excellent) ratings of Syndicates 609 and 382. Syndicate 570 is managed by Atrium...
A.M. Best: P/C Industry Notes Strong Q3 Results, But Reserve Development, Rate Deceleration Emerge
Dec 15 2003 // The property/casualty industry reported strong premium growth and vastly improved underwriting results during the first nine months of 2003, compared with the same period of 2002, according to A.M. Best Co. Driving these...
Throw Away Your Crystal Ball … The Stage is Already Set for 2004
Dec 15 2003 // With the clock ticking down on 2003, it’s only natural to begin forecasting the key trends that will impact the insurance industry in 2004. Like Thanksgiving turkey that can be served many ways but never seems to be...
Throw Away Your Crystal Ball … The Stage is Already Set for 2004
Dec 15 2003 // With the clock ticking down on 2003, it’s only natural to begin forecasting the key trends that will impact the insurance industry in 2004. Like Thanksgiving turkey that can be served many ways but never seems to be...
PIANJ Comments on N.J.’s Alternate Underwriting, Insurance Scenarios Proposals
Dec 12 2003 // In an open letter to New Jersey’s Assistant Insurance Commissioner Wheeler, the Professional Insurance Agents of New Jersey commented on two proposed rules he is considering: Private Passenger Automobile Insurance;...
Aberrations for Certain Coverages Create Problems for Insureds and Underwriters Alike
Dec 11 2003 // As the property and casualty industry begins to settle into more stable pricing, there continues to be aberrations in certain coverages. D&O, medical malpractice and workers’ compensation are among the coverages...
Berkley Medical Excess Underwriters Appoints Brown to Position of VP Underwriting
Dec 10 2003 // Berkley Medical Excess Underwriters, LLC, an underwriting management unit of W. R. Berkley Corporation, announced the appointment of Todd Brown to the position of vice president, underwriting. Berkley Medical Excess...
ACE USA Appoints Wise to Lead Terrorism Underwriting Unit
Dec 4 2003 // ACE USA announced the appointment of William Wise, vice president, to lead its stand-alone Terrorism Underwriting Unit. Based in Philadelphia, Wise will have overall responsibility for the marketing and underwriting...
Louisiana Underwriting Firm Bought by Brown & Brown
Dec 2 2003 // C. Roy Bridges, regional executive vice president of Brown & Brown Inc., and Geoffrey Hughes and Nancy D. Hughes, principals of Energy and Marine Underwriters Inc. of Kenner, La., announced the asset acquisition of...
9 Programs That May Just Fit the Bill
Dec 1 2003 // The December 2002 Insurance Journal “program directory” issue highlighted eight programs that the editorial staff considered to be unique, interesting or tough to find. This year we’ve added one more to...
Reinsurance in the Program Marketplace
Dec 1 2003 // For the past several years, the reinsurance market has recorded some of the worst results ever. A decline in capacity and exposures to costly losses industry-wide have produced less than desirable profitability results...
