Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
J.M. Wilson in Michigan Promotes Councell to Fleet Underwriter
May 21 2015 // Portage, MI.-based J.M. Wilson has promoted Jennifer Councell to fleet transportation underwriter. Councell is responsible for quoting new and renewal business for independent insurance agents in 21 states. Councell has...
Ascot, Chaucer & Skuld Form Underwriting Consortium for Renewable Energy
May 21 2015 // Ascot Underwriting Ltd. has formed Renewco Consortium (ReCo), a dedicated and independent underwriting platform for the renewable energy industry. The Lloyd’s consortium is jointly led by Ascot and Chaucer and...
Is it Flood or Water Damage – Part IV of Flood, Flood or Flood
May 21 2015 // To review prior articles, links are here for Part I, Part II, and Part III. Part IV What the Insured Said Let’s bring this discussion back full circle to discuss what happened. What did the insured actually mean by...
A.M. Best Upgrades Issuer Credit Ratings of Medical Mutual of North Carolina
May 21 2015 // A.M. Best has upgraded the issuer credit ratings (ICR) to “a+” from “a” and affirmed the financial strength rating of A (Excellent) of Medical Mutual Insurance Company of North Carolina (Medical...
CNA Hardy Appoints Magnus as Senior Underwriter for Energy
May 20 2015 // CNA Hardy has appointed Clive Magnus as senior underwriter for energy, reporting to Carl Day, head of energy and marine. Magnus’ appointment follows a string of senior hires in the energy and marine team, including...
Florida-Based Orchid Underwriters Appoints Butler As CFO
May 20 2015 // Orchid Underwriters Insurance Agency, LLC, a specialty underwriter of property insurance focusing on coastal properties, has named Lynda Butler as chief financial officer. She will also become a member of the Executive...
ANV Holdings Forms Consumer Products Team for Lloyd’s Syndicate 5820
May 19 2015 // ANV Holdings has unveiled a new consumer products team within Lloyd’s Syndicate 5820, reporting to Bruce Whitmee, who was recently appointed active underwriter (subject to regulatory approval). Based in London, the...
ACE Appoints Kapoor as Terrorism & Political Violence Underwriter, UK & Ireland
May 19 2015 // ACE Group appointed Ashwin Kapoor as terrorism and political violence underwriter as it continues to invest in building its specialist insurance capabilities around the world. Reporting to Piers Gregory, terrorism...
Chubb Hires 3 from Fireman’s Fund High-Net-Worth Team
May 18 2015 // Three insurance professionals with experience in the high-net-worth customer segment have joined Chubb Personal Insurance (CPI). Jennifer Celmer, Robert Haibi and Eric Shanks have been appointed to management roles at...
MSIG at Lloyd’s Hires Eyres in Property Underwriting; Dougall Heads P&C
May 18 2015 // MSIG at Lloyd’s, the international specialty arm of Mitsui Sumitomo Insurance Group, has appointed Martin Eyres as property underwriting manager and promoted Andrew Dougall as head of property and casualty. Eyres,...
Incoming President Ware Talks About Canadian Expansion & Why AAMGA Is More Than MGAs
May 18 2015 // The American Association of Managing General Agents (AAMGA) expanded its membership again in 2015 with the addition of eight new organizations, all based in Canada. The Canadian organizations sought to become part of the...
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 // Part III 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...
