Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
P/C Insurers Post Underwriting Profit, Record Surplus for 2014
May 18 2015 // The U.S. property/casualty insurance industry posted its second consecutive year of profitable underwriting results in 2014, according to A.M. Best. Surplus for this sector increased by $21.9 billion and reached another...
Outlook for Dallas-Based MGA Insurance Revised to Positive
May 15 2015 // A.M. Best has revised the outlook to positive from stable for the issuer credit rating (ICR) of MGA Insurance Co. Inc. (MGA) in Dallas and affirmed its ICR of “bbb.” Concurrently, A.M. Best has affirmed the...
AEGIS London Hires Rouse as Casualty Underwriter
May 14 2015 // AEGIS London has appointed Dan Rouse as casualty underwriter. He joins from broker Howden. Rouse will join the established team of London-based underwriters writing an international book of business, excluding...
Lloyd’s Market Association Announces 2015 Board Election Results
May 14 2015 // The Lloyd’s Market Association (LMA) has announced six newly elected board members. They are: Andrew Brooks, CEO, Ascot Underwriting Stephen Eccles, active underwriter, Travelers Syndicate Management Richard Harries,...
Marine Underwriters Re-Elect Travelers’ Hoehn as Chair
May 13 2015 // The Inland Marine Underwriters Association (IMUA) recently elected its slate of officers for 2015. Michelle Hoehn, The Travelers Group, was re-elected as IMUA chairperson. Also re-elected were Deputy Chairperson William...
Flood, Flood or Flood! Who Responds: AAIS, ISO or NFIP? – Part III
May 13 2015 // AAIS’s Flood Coverage Endorsement “Flood” becomes a covered cause of loss by attachment of AAIS’s Flood Endorsement CO 1223 (The Flood Endorsement specifically designed for the COP XL is...
A.M. Best: Australia’s Nat Cat Losses Will Challenge Underwriting Profits
May 12 2015 // A string of recent major natural catastrophe events in Australia is expected to materially affect non-life insurers’ upcoming earnings for the fiscal year that ends June 30, 2015, according to an A.M....
GEICO Names Silva Assistant VP of Underwriting in Florida Regional Office
May 12 2015 // Frankie Silva has been named assistant vice president of underwriting at GEICO’s regional office in Lakeland, Fla. Silva previously served as assistant vice president of underwriting in the company’s San Diego...
Vermont Mutual Hires Moore as VP of Underwriting
May 11 2015 // Terry Moore Vermont Mutual Insurance Group has appointed Terry Moore as vice president of underwriting. He will be based in Vermont Mutual’s Montpelier, Vermont, headquarters. Moore comes to Vermont Mutual from...
Brown & Brown Acquires Assets from Bellingham Underwriters in Washington
May 11 2015 // A subsidiary within Brown & Brown Inc.’s national programs division has acquired certain assets of Bellingham Underwriters Inc. in Washington. Bellingham Underwriters is a managing general underwriter that...
Mulray Joining Everest National as Chief Underwriting Officer for U.S.
May 11 2015 // Everest Re Group Ltd. said that Michael Mulray will be joining the company as chief underwriting officer for the U.S. insurance operations of its Everest National Insurance Co. Mulray joins Everest from General Electric...
Arthur J. Gallagher Realigns UK Broking, Underwriting Operations
May 11 2015 // Arthur J. Gallagher, the international division of Arthur J. Gallagher & Co., has unveiled a simplified operating structure to better serve customers and maximize growth opportunities. Gallagher Insurance Solutions –...
J.M. Wilson Promotes Ricks to Sr. Fleet Underwriter
May 11 2015 // J.M. Wilson, based in Portage, Mich., has promoted Mary Ricks to the position of senior fleet transportation underwriter. Ricks is responsible for evaluating transportation fleet submissions for acceptability to company...
RenaissanceRe Reports Q1 Net Income of $167.8M, Up From $151M in Q1 2014
May 6 2015 // Bermuda-based RenaissanceRe Holdings Ltd. reported net income available to RenaissanceRe common shareholders of $167.8 million, or $4.14 per diluted common share, in the first quarter of 2015, compared to $151.0 million,...
Orchid Underwriters Agency Acquires Coastal Agents Alliance in New Jersey
May 5 2015 // Orchid Underwriters Agency LLC, a Vero Beach, Florida-based managing general agent providing excess & surplus (E&S) insurance for coastal properties, announced that it has acquired Coastal Agents Alliance, a...
P/C Insurers Post Underwriting Profit, Record Surplus for 2014
May 5 2015 // The U.S. property/casualty insurance industry posted its second consecutive year of profitable underwriting results in 2014, according to A.M. Best. Surplus for this sector increased by $21.9 billion and reached another...
A.M. Best Revises Outlook to Stable for Georgia Farm Bureau Group Members
May 1 2015 // A.M. Best has revised the outlook to stable from negative and affirmed the financial strength rating of B+ (Good) and the issuer credit rating of “bbb-” of Georgia Farm Bureau Mutual Insurance Co. and Georgia...
J.M. Wilson Promotes Councell as Fleet Underwriter
Apr 30 2015 // Portage, Mich.-based managing general agency and surplus lines broker J.M. Wilson has promoted Jennifer Councell to fleet transportation underwriter. Jennifer Councell Specializing in 11-15 power unit accounts, Councell is...
Florida-Based Orchid Underwriters Names New CIO
Apr 30 2015 // Orchid Underwriters Insurance Agency, LLC, a specialty underwriter of property insurance focused on coastal properties and based in Vero Beach, Fla., has named Chuck Fillizola as chief information officer. In this newly...
Maine’s MEMIC Group Announces Senior Promotions
Apr 23 2015 // The MEMIC Group, a workers’ compensation insurer based in Portland, Maine, announced the following senior promotions. Gregory Jamison has been promoted to senior vice president of underwriting. A 29-year veteran of...
