Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
What to Know About Insurance Company Financial Status
Sep 7 2015 // I recently listened to an insurance company executive give a discombobulated, “woe is me” speech to a room of agents who were largely ignorant of carriers’ financial success. To summarize his...
Repeating Mistakes
Sep 7 2015 // Lloyd’s international casualty reinsurance underwriters are running the risk of repeating the same mistakes that have placed the market in difficulty in the past, according to a new poll of Lloyd’s reinsurance...
10 Drivers of Surplus Lines Growth
Sep 7 2015 // Times are good for surplus lines professionals. The surplus lines industry reached new heights in 2014, growing direct premium written (DPW) in 2014 to $40.2 billion – the highest point in history, reports A.M....
U.S. Risk and Strategic Program Managers Announce a New Affiliation
Sep 3 2015 // Dallas, TX, September 3 2015- U.S. Risk Insurance Group, Inc. (www.usrisk.com), the sixth largest managing general agency and surplus lines wholesaler in the nation, announced they have entered into an agreement involving...
ACE Promotes 6 in International Energy Team
Sep 2 2015 // ACE Group announced six appointments to its ACE Global Markets (AGM) and ACE Overseas General (AOG) energy teams. All appointments are based in London and are effective immediately. Matthew Hardy has been appointed product...
Lloyd’s Casualty Reinsurance Underwriters Concerned History Repeating Itself
Sep 1 2015 // Lloyd’s international casualty reinsurance underwriters are running the risk of repeating the same mistakes that have placed the market in difficulty in the past, according to a new straw poll of Lloyd’s...
Carvey Appointed Head of Treaty at Hamilton at Lloyd’s
Aug 31 2015 // Hamilton Underwriting Limited, the Lloyd’s managing agency of Bermuda-based holding company Hamilton Insurance Group, has hired Trevor Carvey as head of treaty. Carvey will report to Dermot O’Donohoe, chief...
Concord Specialty Hires DeRose as Senior Underwriting Counsel in New York
Aug 28 2015 // Concord Specialty Risk, a New York City-based managing general underwriter and underwriting agent for a number of carriers and a series of RSG Underwriting Managers LLC, specializing in providing transactional risk...
Virginia’s Continental Underwriters Hires 2 Lumbermen’s Executives
Aug 27 2015 // Continental Underwriters, a Richmond, Virginia-based managing general agency/wholesaler specializing in the placement of insurance for lumber and forest products operations, hired Corey Bounds as loss control director and...
ANV Underwriters Hires Lippert to Boost Professional Lines Portfolio in Europe
Aug 25 2015 // ANV Underwriters, the international managing general underwriter (MGU) segment of global specialty insurance group ANV, has appointed Christina Lippert as professional lines underwriting manager for Europe. Based in...
Chubb’s Stephenson Joins CNA Commercial as Chief Underwriting Officer
Aug 24 2015 // CNA has appointed Julie Stephenson as senior vice president and chief underwriting officer for CNA Commercial. In this role, Stephenson will be responsible for underwriting oversight and governance for all business written...
Underwriters Sue Over Greenbrier Classic’s Hole-in-One Jackpot in W.Va.
Aug 21 2015 // Insurance underwriters claim they shouldn’t be responsible for reimbursing a charity for payouts to golf fans for two holes-in-one made during the PGA Tour’s Greenbrier Classic in White Sulphur Springs, West...
Cobalt Becomes Insurer of Preference for Major UK Infrastructure Project
Aug 21 2015 // Shariah-compliant managing general agent Cobalt Underwriting has been selected as the insurer of preference for the proposed London Paramount Entertainment Resort in Kent, England. Valued at £3 billion ($4.6 billion), the...
Texas Health Underwriters Warn ACA Change May Disrupt Market
Aug 20 2015 // Federal health insurance reforms may cause a major disruption in the group insurance market, according to the Texas Association of Health Underwriters, a professional association of insurance agents and brokers who focus...
USG Unit Acquires Certain Program Renewal Rights From US Assure in Florida
Aug 20 2015 // Allied American Underwriters, a subsidiary of USG Insurance Services Inc., announced that it acquired the renewal rights on several books of business from Jacksonville, Florida-based US Assure. The terms of the acquisition...
Blue River Underwriters Adds Experienced Leadership to Auto Dealers and USL&H Programs
Aug 19 2015 // Pictured left to right: Michael Mahoney and Susan Doyle Atlanta, GA, August 19 2015 — As part of the growth plans for its Auto Dealer and United States Longshoreman & Harbor Workers Act (USL&H) insurance...
Maritime Program Group Bolsters Their Recreational Marine Division with Three New Hires
Aug 13 2015 // Westbrook, CT, August 13, 2015- Maritime Program announces three new hires to their recreational marine division; naming Roger Carbonier as a Vice President and Director of Recreational Marine, Michael Luu as Commercial...
J.M. Wilson Adds Schell as Transportation Underwriter
Aug 11 2015 // Managing general agency and surplus lines broker J.M. Wilson has hired Sarah Schell in its Arlington Heights, Illinois, office as transportation underwriter. Schell will quote new and renewal commercial transportation...
‘Affinity Schemes’ Achieving Growth in UK Commercial Lines: Finaccord Report
Aug 11 2015 // A new report from UK-based financial marketing and consulting firm Finaccord concludes that “affinity schemes for commercial lines insurance in the UK are on the rise as brokers and underwriters strive to grow market...
R-T Specialty Division Launches Retired Directors Policy with Full Binding Authority
Aug 11 2015 // R-T Specialty, LLC’s Retired Directors Assurance Underwriting Services, a division of R-T Specialty, LLC, has a new binding authority for the Retired Directors Assurance (RDA) policy, which provides contingent...
