Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
How to Develop Program Business Despite Tough Market Standards
Dec 1 2003 // Over the past several years, launching new insurance programs—both from the perspective of potential producers (MGAs, retail agent groups, and wholesalers) and the specialty insurance carriers—has been difficult. The...
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...
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...
How to Develop Program Business Despite Tough Market Standards
Dec 1 2003 // Over the past several years, launching new insurance programs—both from the perspective of potential producers, such as MGAs, retail agent groups and wholesalers, and the specialty insurance carriers—has been...
New Approaches by Physicians, Underwriters and Actuaries Reportedly Needed to Address Med-Mal Crisis
Nov 28 2003 // With medical malpractice reform reportedly unlikely at the federal level and in many crisis states, insurers unable to make a profit and coverage for doctors unaffordable, new ways are needed to manage the risk, panelists...
SCOR Posts $400 Million Nine-month Loss; Rating Agencies React
Nov 7 2003 // France’s SCOR Group, the world’s seventh largest reinsurer, announced a nine-month loss of 349 million euros ($400 million), prompting both A.M. Best and Moody’s to place their ratings on the company and...
Savannah Reinsurance Underwriting Management to License CATEX System
Nov 5 2003 // CATEX announced that MGU Savannah Reinsurance Underwriting Management, LLC, a member of the Georgia-based Palmer & Cay group of companies, has agreed to license a CATEX web-based Reinsurance Transaction System based...
MarketScout Adds Underwriters
Nov 5 2003 // MarketScout, a Dallas-based online distributor of property and casualty insurance products, announced the recent addition of four new underwriters to its staff: Holly Sanford, Mary Thomas, Stacy Birk and Jacque...
ISO HomeValue Offers Insurers a New Method to Estimate Residential Replacement Values
Nov 4 2003 // Insurance Services Office, Inc. (ISO) and AIR Worldwide Corporation (AIR) announced the release of ISO HomeValue(TM), a new web-based property replacement valuation system based on the latest component-based...
U.S. Marine Insurers Respond to Post-9/11 World of Domestic Security Rules and Regulations
Nov 3 2003 // U.S. ocean marine insurers need to work in partnership with government and all components of the maritime trade in order to meet the challenges of operating in the post-9/11 environment, according to David French,...
Texas’ Underwriters MGA Wages Fight Against GE Re
Nov 3 2003 // Texas-based Underwriters MGA (UMGA), a Texas- based corporation with offices in Hidalgo County, announced it has filed a court petition to reclaim millions of dollars in revenues the company said it lost as a result of...
Professional Liability/E&O Here Today, Gone Tomorrow
Nov 3 2003 // Professional liability and errors & omissions (E&O) are two coverages that just aren’t yet seeing the impending softening of the hard market—and are unlikely to anytime soon. These days, the professional...
The Reinsurance World 2003 – Capacity, Profitability and ‘The Cycle’
Nov 3 2003 // A year ago the reinsurance world had an optimistic side most companies had survived their exposures to 9/11 and premiums were rising. A pessimistic side reflected a 25 percent decline in capacity, thus limiting new...
Professional Liability/E&O Here Today, Gone Tomorrow
Nov 3 2003 // Professional liability and errors & omissions (E&O) are two coverages that just aren’t yet seeing the impending softening of the hard market—and are unlikely to anytime soon. These days, the professional...
The Reinsurance World 2003 – Capacity, Profitability and ‘The Cycle’
Nov 3 2003 // A year ago the reinsurance world had an optimistic side most companies had survived their exposures to 9/11 and premiums were rising. A pessimistic side reflected a 25 percent decline in capacity, thus limiting new...
Safeco Produces Strong Underwriting Results in Auto, Homeowners and Surety
Oct 28 2003 // Safeco – which recently announced a clear focus on Property & Casualty insurance – reported strong third-quarter underwriting results in most insurance lines. “We generated healthy underwriting...
Best Affirms Singapore Reinsurance ‘A-‘ Rating
Oct 21 2003 // A.M. Best Co. announced that it has affirmed the financial strength rating of A- (Excellent) of Singapore Reinsurance Corporation Ltd. with a stable outlook. “The rating reflects Singapore Reinsurance’s...
Commentary on First Half 2003 Results
Oct 20 2003 // The property/casualty insurance industry reported a statutory rate of return of 9.7 percent in the first half of 2003, up from a disappointing 1.0 percent in 2002 and the worst-ever negative 2.4 percent recorded in 2001....
Commentary on First Half 2003 Results
Oct 20 2003 // The property/casualty insurance industry reported a statutory rate of return of 9.7 percent in the first half of 2003, up from a disappointing 1.0 percent in 2002 and the worst-ever negative 2.4 percent recorded in 2001....
Crump’s Dallas Office Adds Underwriter, Broker
Oct 16 2003 // The Crump Group announced the addition of new staff members in its Dallas office. Charles Bauman joined as a property/casualty underwriter and Patrick Bell is now on board as a casualty broker. Bauman was previously with...
