Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Zurich Restructure on Track, but Organization Still too Complex: CEO Greco
May 16 2016 // While Zurich Insurance Group’s new chief executive officer believes the insurer is on the right track in terms of growth and profit, the organizational structure remains too complicated, he suggested during an...
XL Catlin Strengthens Global Energy Team with 4 Senior Appointments
May 13 2016 // XL Catlin’s insurance operations announced it has strengthened its energy team globally with four senior hires: Wayne Jacobson, Joseph Tina, Helen Watkinson and Denise Dass-Hewitt. In the Americas, XL Catlin has...
Medical Liability Insurer NORCAL Mutual Names Stewart Chief Underwriter
May 10 2016 // Andre Stewart has been named chief underwriting officer for NORCAL Mutual Insurance Co. Stewart joined NORCAL in 2015 as senior vice president of underwriting for custom accounts, where he was responsible for new business...
How P/C Insurers Fared in 2015
May 9 2016 // The U.S. property/casualty (P/C) industry marked a third consecutive year of underwriting profitability, with $6.2 billion in underwriting income in 2015. However, the lower level of underwriting income and an 11.2 percent...
Main Street America Promotes Osman, Appoints 3 Officers in Florida
May 6 2016 // The Main Street America Group announced the promotion of one company officer to assistant vice president and the appointment of three new company officers in its Jacksonville, Fla., headquarters. Darryl Osman, currently...
Some Insurers Have More to Gain from Underwriting Technology Than Others
May 6 2016 // Personal Lines Insurers Personal lines insurers are most likely to benefit from wide uses of automation in underwriting, a new report has found. “They are more likely to have a homogenous book of business and a...
Main Street America Promotes Osman; Appoints 4 Officers
May 5 2016 // The Main Street America Group announced the promotion of one company officer to assistant vice president and the appointment of four new company officers, all of whom will be an assistant secretary of the super-regional...
Hartley to Lead U.S. General Liability for Liberty International Underwriters
May 4 2016 // Liberty International Underwriters (LIU) has named Casey Hartley as U.S. General Liability product line leader. Based in Atlanta, Miss., Hartley will have responsibility for the technical underwriting, portfolio...
Commercial Auto Insurance Remains a Loser on the Whole: Fitch
May 3 2016 // While the property/casualty industry has reported three consecutive years of significant underwriting profits, the commercial auto market as a whole reported an underwriting loss for the fifth consecutive year in 2015. In...
MS Amlin Now Operating at Lloyd’s Under One Brand: MS Amlin Underwriting
May 3 2016 // MS Amlin announced it is now operating as one brand in the Lloyd’s market, as a single managing agency, MS Amlin Underwriting Ltd. Operating from 22 locations across three continents, the MS Amlin business will...
Lexington Underwriter Warmuth Killed in Boston Duck Boat Crash
May 2 2016 // Allison Warmuth, senior underwriter in healthcare at Lexington Insurance, was killed in a tragic accident Saturday after the scooter she was driving was struck by a duck boat in downtown Boston. Warmuth, 28, was also an...
Xl Catlin Appoints McGrath as Fine Art & Specie Underwriter in NYC
Apr 26 2016 // Xl Catlin has appointed Kyle McGrath as Fine Art & Specie underwriter. She is based in New York City. In her new role, she will underwrite Fine Art and General Specie coverage for clients throughout the U.S. and will...
Fallout from Travelers CGL Cyber Ruling: Insurance Buyers and Sellers Beware
Apr 25 2016 // Experts are cautioning both insurance buyers and sellers not to overreact to the recent federal court decision finding data breach defense coverage under a commercial general liability (CGL) policy. Experts are cautioning...
Ultra Risk Advisors in Washington Names McDonald Underwriting Director
Apr 22 2016 // Bellevue, Wash.-based Ultra Risk Advisors has named Karen McDonald underwriting director for its program providing liability coverage for senior living facilities. McDonald has more than 10 years of underwriting experience...
Rhode Island’s Falvey Yacht Insurance Adds 2 to Underwriting Team
Apr 22 2016 // Laura Sherrod Falvey Yacht Insurance, a North Kingstown, Rhode Island-based managing general underwriter specializing in yacht insurance, has hired Laura Sherrod and Craig McGinnes to join the firm’s group of yacht...
Outlook for National Lloyds Insurance Revised to Stable
Apr 19 2016 // A.M. Best has revised the outlook to stable from negative and affirmed the financial strength rating (FSR) of A (Excellent) and the issuer credit rating (ICR) of “a” of National Lloyds Insurance Co. (National...
Business Risk Partners Adds 2 New Underwriters in Connecticut
Apr 19 2016 // Maggie Mae Kores Business Risk Partners (BRP), a specialty underwriter and program administrator based in Windsor, Connecticut, has added two new underwriters to its professional liability team: Maggie Mae Kores as senior...
10 Things to Know About Social Services (Child Care)
Apr 18 2016 // Sexual abuse claims are a child care operation’s biggest exposure. A good child care insurance program should ALWAYS include sexual abuse and molestation liability insurance. —Riley Binford, executive vice...
OdysseyRe’s Newline Group Announces 2 Executive Appointments in Asia
Apr 15 2016 // Newline Group, part of Odyssey Re Holdings Corp., announced appointments to its leadership team based in Singapore. Rachel Flynn has been named the principal officer for Newline Asia and Susan Chew has been appointed chief...
Hamilton Underwriting at Lloyd’s Names Prince as Head of Professional Indemnity
Apr 13 2016 // Hamilton Underwriting Ltd., the managing agency of Lloyd’s Syndicate 3334 and the Lloyd’s operations of Bermuda-based Hamilton Insurance Group, announced that Daniel Prince has been hired as head of...
