Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
P/C Insurers’ Net Income Rose, Operating Income Fell in First Half
Oct 6 2014 // U.S. property/casualty insurers’ net income rose $1.6 billion to $26.0 billion in first-half of 2014 while pretax operating income fell $1.9 billion to $23.9 billion in first-half 2014, a decrease driven by lower...
NSM Insurance Group Acquires Texas-Based Specialty Aviation Underwriters
Oct 2 2014 // NSM Insurance Group announced the acquisition of Specialty Aviation Underwriters (SAU), located in Addison, Texas. Founded over 20 years ago, SAU specializes in aviation products. NSM Insurance Group underwrites more than...
Northeast National Brokerage Offers Underwriting Facility for Petro Industry
Oct 1 2014 // Wholesale broker Northeast National Brokerage LLC has launched an underwriting facility, registered at Lloyd’s, that specializes in excess liability for the petroleum distribution industry. Available across the...
Complex Energy Industry Requires ‘Power’ Underwriters
Sep 25 2014 // The energy industry is not a risk for every underwriter; it requires considerable underwriting expertise due to its complexity and rapid growth. “Power is one of the fastest growing segments in the U.S,”...
Gorst & Compass Names Bacarti Senior Personal Lines Underwriter
Sep 22 2014 // Gorst & Compass Insurance has named Donna Bacarti its senior personal lines underwriter. Bacarti will manage the newly opened San Diego, Calif. branch. Bacarti has extensive personal lines experience and has been...
Insuring Products of the Mind
Sep 22 2014 // The rapid growth in patent infringement litigation in 2013 – almost 6,500 cases, or an increase of 25 percent over 2012, according to PricewaterhouseCoopers – might appear to be a strong motivator for at-risk...
Beckman Joins Berkley Fire and Marine Underwriters in Ohio
Sep 16 2014 // Chicago, Ill.-based Berkley Fire and Marine Underwriters hired Chris Beckman as operations and risk management director. He is based in Cincinnati, Ohio. Beckman will be responsible for underwriter support in systems, risk...
Atlas General Insurance Services, LLC, Announces Expansion of Republic Underwriters to Nine Additional States
Sep 16 2014 // San Diego, Calif. (Sept. 16, 2014) – Atlas General Insurance Services, LLC, a national multi-line program manager, is pleased to announce the expansion of its workers compensation presence throughout the United...
XL Launches Regional E&S Insurance Operation with Ex-Scottsdale Underwriters
Sep 15 2014 // XL Group has launched a regional underwriting operation in Scottsdale, Ariz. to offer brokers and clients in the Western U.S. more direct access to its excess and surplus insurance coverages The experienced underwriting...
Japanese Specialty Reinsurer Canopius Expands U.S. Footprint
Sep 10 2014 // Canopius Group Limited, the global specialty (re)insurance platform of Sompo Japan Nipponkoa Holdings Inc., said it is expanding its U.S. presence with the launch of Canopius Underwriting Agency Inc. (CUAI). Based in New...
Liberty International Adds 8 Underwriters to U.S. Excess Casualty Unit
Sep 10 2014 // Global specialty insurer Liberty International Underwriters (LIU), part of Liberty Mutual Insurance Group, has added eight underwriters to its U.S. Excess Casualty Division. “Our new staff brings added skill and...
Georgiou, Gladwell, Lefebvre Join Ascot Underwriting in Houston
Sep 9 2014 // London-based Ascot Underwriting Ltd. has appointed Banos Georgiou as chairman, Diana Gladwell as senior vice president, and Devin Lefebvre as vice president of Ascot Underwriting Inc. in Houston. The team will report to...
Best’s Reinsurance Industry Report Examines Relevancy of the Underwriting Cycle
Sep 9 2014 // A.M. Best has released its annual segment review of the global reinsurance industry, titled “How Relevant Is The Underwriting Cycle?” The special report includes a ranking of the top 50 global reinsurance...
Catlin Appoints Two Chief Underwriting Officers for London Hub
Sep 9 2014 // Paul Greensmith and Jonathan Gale have been appointed chief underwriting officers for Catlin Group Limited’s London hub, with primary responsibilities including insurance and reinsurance, respectively. Greensmith...
4 Strategies for Restoring Workers’ Compensation Profitability
Sep 9 2014 // Selling workers’ compensation comes at a price. In 2013, underwriters generated a loss of one percent for every premium dollar written. As such, agents also face many financial constraints, making this line of...
Parker Joins Berkley Fire and Marine Underwriters in Detroit
Sep 8 2014 // Chicago, Ill.-based Berkley Fire and Marine Underwriters hired Jaymee Parker as a territory underwriting manager. She is based in Detroit, Mich. Parker will be responsible for agency relationships and underwriting growth...
U.S. Risk Announces the Opening of Their Newest Office in Fort Worth
Sep 8 2014 // Dallas, TX, 9/15/14 – U.S. Risk Insurance Group, Inc. (www.usrisk.com), the eighth largest managing general agency and surplus lines wholesaler in the nation, announced that it has opened a new office in the city of...
Anchor Insurance to Acquire Southeast Surplus Underwriters and Affiliates
Sep 8 2014 // Anchor Insurance Holdings is purchasing Beaumont, Texas-based Southeast Surplus Underwriters General Agency, Spindletop Premium Finance, and Ranchers and Farmers Insurance Co. from Mirage Interest Inc., the companies...
Hohensee Named VP, Commercial Underwriting at Lane & Associates in Louisiana
Sep 8 2014 // Kenner, La.-based Lane & Associates Inc. announced that Marie Hohensee has joined the managing general agency as vice president of commercial underwriting. Maria Hohensee Hohensee has over 30 years of experience in...
Coverholders Playing Greater Role in Lloyd’s Global Expansion
Sep 8 2014 // Lloyd’s of London began and remains a specialized market (not an insurance company). It accepts risks that are too large, or too complex, or both, that do not lend themselves to coverage through more “normal...
