Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Agents and Homebuyers Need the Right Clues to Make Smart Decisions
Apr 5 2004 // Many recent media accounts would have us believe that prior loss history reports have single-handedly caused an availability crisis and have halted the sale of existing homes. One of the most contentious issues surrounding...
Underwriters’ Exercise Arch Share Over-Allotment Option
Apr 2 2004 // Bermuda-based Arch Capital Group Ltd. announced that the underwriters of the Company’s recent stock offering have exercised their option to purchase an additional 263,750 common shares at the offer price of $40.00...
Wausau Appoints Kapp Underwriting VP
Mar 25 2004 // Jeffrey Kapp has been promoted to vice president and general manager of underwriting for Wausau Insurance, based in Wausau, Wis. Kapp brings a multiline underwriting background from positions held with Wausau and...
Better Workers’ Comp Underwriting Needed, AMCOMP Members Told
Mar 22 2004 // Workers’ compensation executives from across the nation gathered last month for the annual American Society of Workers’ Comp Professionals Inc. (AMCOMP) conference in Las Vegas where members heard the industry...
All Wrapped Up in Workers’ Comp
Mar 22 2004 // No surprise, but with the first quarter of 2004 drawing to a close, workers’ compensation remains, as it has been for many years, one of the most troubled lines of insurance in the United States. On a calendar year...
S&P Reports Top Layer Reinsurance Ltd. ‘AA’ Ratings Affirmed; Outlook Stable
Mar 17 2004 // Standard & Poor’s has affirmed its ‘AA’ counterparty and financial strength ratings on Top Layer Reinsurance Ltd. The outlook is stable. Top Layer Re is a 50%/50% joint venture between State Farm...
Aon to Push Middle-Market Captives
Mar 11 2004 // Chicago-based brokerage giant Aon Corp. has formed Aon Alternative Risk Underwriting (ARU), a managing general underwriter that provides group captive solutions for middle-market U.S. companies. Working through independent...
Hinkle Joins CNA Surety as Chief Underwriting Officer
Mar 10 2004 // Chicago-based CNA Surety Corp. announced that Douglas W. Hinkle has joined the company as chief underwriting officer. Hinkle comes to CNA Surety with more than 25 years of insurance experience. Most recently, he was a...
Aspen Adds 5 Underwriters to U.S. Re Team
Mar 9 2004 // Bermuda-based Aspen Insurance Holdings announced the addition of five property reinsurance specialists to Aspen Re America, its recently formed property reinsurance team located in Rocky Hill, Conn. Brian Boornazian, who...
P/C Insurers’ Profits Double First Three Quarters of 2003; Industry’s Underwriting Loss Sees Improvement
Mar 9 2004 // Property and casualty insurers earned $22.9 billion during the first nine months of 2003, representing a $12.1 billion, or 112 percent, increase over the $10.8 billion profit reported during the same period in 2002,...
Model Behavior or Behavior Modeling’ Tools to Put Your Submission on Top
Mar 8 2004 // Underwriting risk is a tricky business whether in a hard or soft market. Competence and experience will always be a hard combination to find, but is greatly valued by strong companies. It’s amazing that even the best...
Terrorism Tops List of Concerns for Workers’ Comp Professionals
Mar 8 2004 // Industry executives in the workers’ compensation field from across the nation gathered in Las Vegas Feb. 5-6 for the 5th Annual AMCOMP (American Society of Workers’ Comp Professionals Inc.) Meeting &...
Venture Programs Expands Services through Web-based Underwriting Facility
Mar 8 2004 // Venture Programs announced that it has been selected to write business with ACE Complete, a Web-based underwriting facility for contracted program administrators and wholesale brokers. ACE Complete offers program...
Promotions at Yates & Associates Santa Ana Office
Mar 5 2004 // Santa Ana, Calif.-based Yates & Associates announced the promotions of Barbara Parker-Hatch and Alex Zardeneta. Parker-Hatch was promoted to executive vice president. Formerly she was vice president of operations at...
Best Affirms Platinum Subsidiaries ‘A’ Rating
Feb 27 2004 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) of the reinsurance subsidiaries of Bermuda-based Platinum Underwriters Holdings, Ltd. It also affirmed the...
PIRRGA Obtains Regulatory Approval to Underwrite Med-Mal Insurance in Florida
Feb 24 2004 // Pediatricians Insurance Risk Retention Group of America (PIRRGA), a physician-owned and governed medical malpractice insurance company, has received notification of registration from the Florida Office of Insurance...
Ark. Outlines Expectations for Renewals, Cancellations and Underwriting
Feb 24 2004 // On February 20, 2004, the Arkansas Insurance Department issued the following directive on cancellations, nonrenewals and discriminatory underwriting practices for property and casualty insurance: The Department recognizes...
Underwriting the Dream Home
Feb 23 2004 // Whether it’s called custom, upscale, mansion or high-value, a dream home requires special handling from property insurers. High-value homes represent a growing segment of the more than 81 million single-family homes...
MICH., MO. SHARED AUTO PLANS HAD UNDERWRITING LOSSES:
Feb 23 2004 // A new report by the Property Casualty Insurers Association of America (PCI) shows that residual market plans for private passenger auto insurance continue to result in significant losses for insurance companies, and...
Missing Perspective in Missouri
Feb 23 2004 // In the last year, policymakers have crafted more measured responses to political concerns about insurers’ use of credit information. Such a balance is lacking in the Missouri proposal. Property/casualty...
