Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
ACE Names Chen Underwriting Manager for Asia Property, Terrorism
Jun 23 2014 // ACE Group has appointed Cassie Chen as regional Property and Terrorism underwriting manager for Asia. She will be based in the Singapore regional office and will report to Jason Keen, head of Property for Asia. Chen joined...
IAG Receives Regulatory Approval for Wesfarmers Underwriting Acquisition
Jun 20 2014 // Insurance Australia Group Limited (IAG) announced that it has received the required regulatory approvals from the Commonwealth Acting Assistant Treasurer for its acquisition of the Wesfarmers insurance underwriting...
ANV Opens Cyber/Media MGU for U.S. Small Business with James River
Jun 20 2014 // ANV Holdings BV, a Dutch specialty insurance business, has opened a U.S. managing general underwriter focused on communications and data security risks for “Main Street” U.S. businesses. Leib Dodell, a veteran...
If Fracking Is the Question, Insurers May Ask – What Is the Answer?
Jun 19 2014 // When it comes to the use of evolving technologies such as hydraulic fracturing, or fracking, in oil and gas production one big question insurance companies are faced with is: to insure or not to insure? That is a key...
ANV Launches U.S. Managing General Underwriter for D&O
Jun 18 2014 // ANV Holdings BV, the specialty insurance business, headquartered in the Netherlands, announced the opening of its first U.S. Market Managing General Underwriter (MGU), to be led by Peter McKeegan. ANV said the “team...
How New Capital is Changing P/C Industry and What To Do About It
Jun 17 2014 // As waves of capital reshape reinsurer’s business model, the property/casualty insurance industry needs to change although exactly how remains a matter of debate. Reinsurers face a growing threat from the capital...
Ryan Specialty Group Announces Landmark Healthcare Partnership With Lloyd’s Underwriters
Jun 17 2014 // Chicago, IL – 6/17/14 – Ryan Specialty Group, LLC (RSG) announces the formation of RSGUM Healthcare, a new healthcare and life science underwriting facility, in partnership with some of the strongest and most...
Insurance Capacity for Oil & Gas Is Plentiful but Contract Wording May Be Tricky
Jun 16 2014 // The insurance capacity is there to cover the risks associated with the current oil and gas boom in Texas and the nation, experts say, but agents and their customers should be vigilant in their efforts to understand the...
Ryan Specialty Group Launches Healthcare Partnership with Lloyd’s Underwriters
Jun 16 2014 // Ryan Specialty Group, LLC (RSG) has formed RSGUM Healthcare, a new healthcare and life science underwriting facility, in partnership with the healthcare and life science underwriters at Lloyd’s of London....
Castel Underwriting Appoints Posner COO to Support Growth Plans
Jun 12 2014 // UK-based club-style MGA formation platform Castel Underwriting Agencies announced the appointment of Mark Posner as its chief operating officer. He will report to CEO, Mark Birrell, and lead the continued development of...
Victor O. Schinnerer in Maryland Hires Wallace as Chief Underwriting Officer
Jun 11 2014 // John WallaceUnderwriting manager Victor O. Schinnerer & Company Inc. has hired John Wallace as its chief underwriting officer, a newly created position within the firm. In his new role, Wallace will be responsible for...
U.S. Risk Pros Launches an Enhanced Professional Liability Program for Architects and Engineers, Construction Managers, and Design/Build Contractors
Jun 9 2014 // Dallas, TX – June 9, 2014 – U.S. Risk Insurance Group, Inc., the eighth largest managing general agency and surplus lines wholesaler in the nation, announced that U.S. Risk Pros, the Professional Liability...
CNA Promotes Szabo to Commercial Underwriting Officer in Chicago
Jun 5 2014 // CNA Financial Corporation promoted Matt Szabo to assistant vice president, commercial underwriting officer for the Chicago, Illinois and Wisconsin branches. Szabo will work with leadership to provide additional strategic...
XL Group Hires Railroad Underwriter in New York
Jun 4 2014 // XL Group has hired Aldith “Allie” Townsend as a new underwriter in its railroad business, part of XL Group’s Global Excess Casualty division. Townsend will be based in New York and report to Senior Vice...
CNA Appoints Middle Market Underwriting Director for Philadelphia Branch
Jun 4 2014 // Lori FellerCNA Financial Corporation has appointed Lori Feller as middle market underwriting director for the company’s Philadelphia branch. Feller joined CNA in 2006. Most recently she served as middle market...
Inland Marine Underwriters Elect Hoehn of Travelers as Chair
Jun 4 2014 // The Inland Marine Underwriters Association (IMUA) elected officers and board members at its annual meeting in Austin, Tex. Michelle Hoehn, The Travelers Group, was inaugurated as IMUA’s new chairperson replacing...
Minova Insurance Launched with Capital Z Partners’ Investment
Jun 3 2014 // Minova Insurance Holdings Ltd. announced its official launch, as well as the completion of the previously announced investment by Capital Z Partners, raising $50.7 million. Minova Insurance replaces BMS Associates as the...
Patriot Underwriters Partners with Scottsdale to Offer Workers Comp Coverage
Jun 2 2014 // Patriot Underwriters, Inc. (PUI), a provider of workers’ compensation insurance products headquartered in Fort Lauderdale, Fla., has partnered with Scottsdale Insurance Co. to serve as a program administrator with...
Best Affirms Fairfax Financial and Subs Ratings; Outlooks Stable
Jun 2 2014 // A.M. Best has affirmed the issuer credit rating (ICR) of “bbb” and the unsecured debt and preferred equity ratings of Toronto-based Fairfax Financial Holdings Limited. Best also affirmed the financial strength...
Union Mutual of Vermont Cos. Names Director of Commercial Lines Underwriting
May 30 2014 // Geoffrey J. SmithUnion Mutual of Vermont Companies has hired Geoffrey J. Smith as the director of commercial lines underwriting. He is based in Montpelier, Vermont. Smith has over 27 years of experience underwriting and...
