Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Zurich North America Develops Alliance with Americana Program Underwriters
Jul 30 2002 // Zurich North America has formed a strategic alliance with Americana Program Underwriters to introduce the PhysiciansProUSA program, offering property and casualty and selected professional liability...
Surplus Lines, The Industry’s Safety Valve
Jul 22 2002 // It is a rare occurrence today, but not so long ago tying down the safety valve was viewed as an acceptable way to improve a steam boiler’s performance when demand peaked. The objective was to increase the...
Diem Named President of Berkley Underwriting Partners
Jul 17 2002 // W. R. Berkley Corporation appointed John S. Diem as the president of its subsidiary, Berkley Underwriting Partners, LLC, a management company that oversees managing general underwriter (MGU) program business. Diem, 55, has...
ISO Reports Record 2001 Underwriting Losses, Poor Investment Results behind PnC Industry’s First-Ev
Jul 10 2002 // The property/casualty insurance industry recorded its first-ever net loss after taxes in 2001, stemming from sharply higher underwriting losses and substantial deterioration in investment results, according to Insurance...
As Hard Market Persists, E&S Brokers Wait For The Right Opportunity
Jul 8 2002 // Last January separate panels of analysts who follow the insurance industry and CEO’s of insurance companies predicted a “foreshortened” cycle, a brief hard market that would give insurers little relief...
S&P Says ‘Wait ’til Next Year’ for Hard Market to Ease
Jul 8 2002 // At its Insurance 2002 conference in New York recently, Standard and Poor’s offered little consolation to insurance agents and brokers who are looking for quick relief from the pressures of the current hard...
As Hard Market Persists, E&S Brokers Wait for the Right Opportunity
Jul 8 2002 // Last January separate panels of analysts who follow the insurance industry and CEO’s of insurance companies predicted a “foreshortened” cycle, a brief hard market that would give insurers little relief...
SP’s Says ‘Wait ’til Next Year’ for Hard Market
Jul 8 2002 // At its Insurance 2002 conference in New York recently, Standard and Poor’s offered little consolation to insurance agents and brokers who are looking for quick relief from the pressures of the current hard...
ISO Adds to EPL Program with Comprehensive Underwriting Guide
Jul 3 2002 // Insurance Services Office, Inc. (ISO) has added to the ISO Employers AdvantageSM employment-practices liability (EPL) program with a comprehensive underwriting guide that will assist insurers in evaluating their...
Hub International Sells Over-Allotment Shares To Underwriters
Jul 2 2002 // Chicago and Toronto-based insurance brokerage, Hub International Limited, announced that J.P. Morgan Securities Inc., on behalf of the underwriters of the previously announced public offering of 6,000,000 common shares in...
Top Regulators Headline Lineup of Speakers at Joint Insurance Underwriting Conference
Jul 1 2002 // The head insurance regulators of three key states have accepted invitations to speak at the Alliance/AAIS Joint Underwriting Conference, to be held in Chicago. Sharing their perspectives on the insurance industry at the...
First Federal Buys Exchange Underwriters
Jun 28 2002 // First Federal Savings Bank, in Monessen, PA, recently purchased a majority ownership in Exchange Underwriters, Inc., an insurance agency in Canonsburg, a suburb of Pittsburgh. The financial terms of the acquisition were...
P/C Industry’s 1stQ Net Income Falls 7.3 Percent
Jun 27 2002 // The U.S. property/casualty industry’s net income after taxes dropped 7.3 percent to $5.1 billion in first-quarter 2002 from $5.5 billion in first-quarter 2001, according to just released information from Insurance...
S&P, A.M. Best Give “A” Ratings to Wellington Re
Jun 26 2002 // Standard & Poor’s assigned its single-‘A’ counterparty credit and insurer financial strength ratings to U.K.-based Wellington Reinsurance Ltd; while A.M. Best rated the London based reinsurer A...
Lloyd’s Panel Cites Information Flow As Biggest Challenge
Jun 26 2002 // The hard market is having a serious effect on information processing according to a panel of experts established to discuss market conditions by Lloyd’s. Lloyd’s announcement indicated that a number of...
The American Equity Underwriters Inc. Open for Business
Jun 26 2002 // Due to a similarity in names, it was reported on the March 29 Insurance Journal Web site that The American Equity Underwriters Inc., an Alabama-based company, was closing its doors. In fact, the company closing its doors...
RiskFocus
Jun 24 2002 // AscendantOne Inc. of Nashua, N.H., unveiled RiskFocus, an underwriting/rules engine facilitating automated underwriting and real time risk decision support across all personal and commercial lines of property &...
Triad Guaranty Launches Online Contract Underwriting Tool
Jun 19 2002 // Triad Guaranty Insurance Corporation, a subsidiary of North Carolina-based Triad Guaranty Inc., has unveiled eU Xpress(SM), an electronic contract underwriting submission and approval system. The new tool is part of...
SAFECO Exhibits ESP™ in New Approach for Business Insurance
Jun 12 2002 // Seattle-based SAFECO has introduced its comprehensive plan for changing the way its business insurance is purchased, sold and serviced. The efficient service and pricing system—known as ESP—will deliver greater...
NAII Says Surplus Lines Insurers Should Take Precedence Over Joint Underwriting Associations
Jun 10 2002 // Before creating joint underwriting associations to provide difficult-to-obtain insurance, such as for medical malpractice or nursing homes, state regulators should encourage coverage by surplus lines’ insurers. The...
