Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
ISO Complements EPL Program with Reinsurance, Claims-Handling Services from FairBoss
Nov 27 2002 // Insurance Services Office, Inc. (ISO) has complemented ISO Employers AdvantageSM employment-practices liability (EPL) program through a marketing relationship with FairBoss Underwriters, Inc. (FBU), which provides...
Brother, Could You Spare Some Coverage’ Some Nonprofits Face Shrinking D&O, EPL
Nov 25 2002 // Since the book-cooking scandals that undid Enron, Worldcom and other concerns surfaced in recent months, insurers have ratcheted up their already growing scrutiny of corporate clients, resulting in higher premiums and...
Public Entities: A Specialized Niche
Nov 25 2002 // Take the hard market, combine it with the Sept. 11 tragedy, and mix those two ingredients into an already intricate and compound underwriting process and you’ve got yourself the public entities marketplace. Ask any...
AXIS to Buy Aon’s Specialty Underwriting Unit
Nov 25 2002 // Following recently-announced plans to exit its specialty insurance underwriting operations, Aon Corporation of Chicago entered an agreement in principle to sell its specialty property and casualty insurance subsidiary,...
Brother, Could You Spare Some Coverage’ Some Nonprofits Face Shrinking D&O, EPL Capacity
Nov 25 2002 // Since the book-cooking scandals that undid Enron, Worldcom and other concerns surfaced in recent months, insurers have ratcheted up their already growing scrutiny of corporate clients, resulting in higher premiums and...
Public Entities: A Specialized Niche
Nov 25 2002 // Take the hard market, combine it with the Sept. 11 tragedy, and mix those two ingredients into an already intricate and compound underwriting process and you’ve got yourself the public entities marketplace. Ask any...
XL Capital Appoints Robert Nason as Group Risk and Underwriting Officer of XL Re
Nov 22 2002 // XL Capital Ltd. announced that it has appointed Robert L. Nason as Group Risk and Underwriting Officer of XL Re, the Company’s global property and casualty reinsurance operation. He formerly served as Executive VP...
Questerra Unveils Visual Decision Support, Analysis Solutions for Underwriting and Risk Management
Nov 21 2002 // Questerra announced the release of its Internet-based visual decision support and analysis service that provides an innovative solution for minimizing risk across lines of insurance business. Questerra offers Web-based...
Axis Specialty to Buy Aon’s P/C Underwriting Unit
Nov 15 2002 // Aon has agreed to sell its Sheffield Insurance Corporation, a specialty property and casualty insurance subsidiary, to Bermuda’s Axis Specialty Limited for an undisclosed price, subject to regulatory approval. Aon...
Dramatic Market Change Hits Professional Liability
Nov 11 2002 // For most law firms, 2002 and 2003 will be challenging years in respect to securing professional liability insurance. The “new market” is similar to that of the mid-’80s and has caused consolidation of...
Demotech’s Financial Stability Ratings® – What Are They All About’
Nov 11 2002 // For the past several months, Insurance Journal readers have viewed articles discussing Demotech’s Financial Stability Ratings®. This article presents additional information on the origin of those ratings. Prior to...
IIABA Urges Insurers to Be Consumer-Friendly with Credit Info. Practices
Nov 11 2002 // As insurers increasingly rely on consumer credit histories and credit-related scores during the underwriting and rating process, the Independent Insurance Agents and Brokers of America (IIABA) is urging companies to...
Argonaut Group’s 3Q Results Show Underwriting Improvements
Nov 7 2002 // Announcing financial results for the three- and nine-month periods ended Sept. 30, 2002, San Antonio-based Argonaut Group Inc. said for the third consecutive quarter, the group reported positive and improved operating...
Zurich North America Implements New Initiative for Underwriting
Nov 6 2002 // As part of its strategy to further enhance underwriting quality, Zurich North America is implementing a new corporatewide initiative to build underwriting workstations for its core lines of business – property,...
WCIRB Releases 2003 Basic Underwriting Manual
Nov 6 2002 // To facilitate the filing of insurer rates with the California Department of Insurance, the WCIRB has updated the advisory California Basic Underwriting Manual. The Basic Underwriting Manual may be viewed at...
Trenwick to Cease Underwriting U.S. Specialty Program Insurance
Oct 31 2002 // Bermuda-based Trenwick Group Ltd. announced today that it will cease underwriting U.S. specialty program insurance business effective immediately. The news follows the announcement of an agreement to create an underwriting...
Trenwick to Halt Underwriting U.S. Specialty Program Insurance
Oct 30 2002 // Bermuda-based Trenwick Group Ltd. announced that it would cease underwriting its U.S. specialty program insurance business effective immediately. Operating under the name Canterbury Financial Group Inc. and through its...
SAFECO Reports Continued Earnings With 3rdQ Net Income Increase
Oct 29 2002 // SAFECO reported continued earnings growth as third-quarter net income increased to $75.2 million, or $0.59 per diluted share. Income before charges and realized gains increased to $86.4 million, or $0.68 per diluted...
Trenwick in Deal with Chubb Re, Begins Audit Study of Reserves
Oct 28 2002 // Bermuda-based Trenwick Group announced that its subsidiary, Trenwick America Reinsurance Corp., has entered into an underwriting facility with Chubb Re, Inc., a subsidiary of The Chubb Corporation. Trenwick also said that...
NAPSLO PRESENTS ASLI ACADEMIC AWARDS
Oct 28 2002 // The National Association of Professional Surplus Lines Offices (NAPSLO) recognized the top four graduates of the Associate in Surplus Lines Insurance (ASLI) program at its annual convention in Boston, Mass. Andrew Frazier,...
