Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
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...
XL Adds 4 to East Coast Excess Casualty Teams
May 29 2014 // XL Group has enhanced its excess casualty teams in New York and Atlanta to accommodate its continued growth and sharpened focus on target industries – real estate, hospitality, grocers, restaurants and retail. In New...
Liberty Mutual Names Sr. Underwriting Manager for Excess Casualty in Northeast
May 28 2014 // Keith PooporLiberty Mutual Insurance’s Specialty Excess Casualty operation has appointed Keith Poopor as senior underwriting manager for excess casualty in the Northeast. In his new role, Poopor will lead the...
Best Upgrades Travelers and Most Subs Ratings; Outlooks Stable
May 27 2014 // A.M. Best has upgraded the financial strength rating (FSR) to ‘A++’ (Superior) from ‘A+’ (Superior) and the issuer credit ratings (ICR) to “aa+” from “aa” of the...
OnPoint Underwriting Offers New Managed Healthcare Program with Everest Re Group
May 19 2014 // May 19, 2014 – Denver, CO – OnPoint Underwriting (OnPoint) and Everest Re Group, Ltd. (NYSE:RE) announced a new relationship with Everest Reinsurance Accident and Health for the underwriting and management of HMO...
People
May 19 2014 // FrankCrum, a national professional employer organization, added Rodney Vaughn as broker manager, responsible for increasing the company’s presence in Texas, and forging relationships with insurance agents and...
AXIS Names England Chief Underwriting Officer-International
May 12 2014 // Bermuda-based AXIS Capital Holdings Limited announced that Joe England has been appointed Chief Underwriting Officer, International Division at AXIS Insurance, a new position. He will report directly to Mark Gregory, CEO...
Ascot Appoints Fitzpatrick as Executive Underwriter
May 9 2014 // Ascot Underwriting Ltd. announced the appointment of David Fitzpatrick as Executive Underwriter for International Casualty, effective September 2014. He has over 24 years’ underwriting experience and joins Ascot from...
Rockhill Insurance Opens Environmental Office in Chicago
May 8 2014 // Rockhill Insurance Group, a member of the State Auto Insurance Group, has opened a new Chicago office located at 150 S. Wacker, Suite 2400. Christine Triche and Michael Klima join the office as AVP-underwriting director...
MEMIC Group Appoints Austin to VP of Underwriting Post in Florida
May 7 2014 // Workers’ compensation insurer The MEMIC Group has appointed Tod Austin as a vice president of underwriting. Austin will work out of MEMIC’s Tampa, Florida, office and will oversee production underwriting staff...
Commercial Auto Insurers Still Struggle to Profit: Fitch
May 6 2014 // Commercial automobile insurers reported a third consecutive year of underwriting losses in 2013. According to an analysis by Fitch Ratings, the combined ratio came in at 106 for 2013 compared with 107 for 2012. In a...
Berkshire Hathaway 1Q P/C Re/Insurance Results Down from Last Year
May 5 2014 // Berkshire-Hathaway’s primary property/casualty operations recorded double-digit gains in premiums and pre-tax earnings in the first quarter, but P/C reinsurance results contributed to a 6.6 percent drop in operating...
Best Affirms State Automobile Mutual and Operating Subs Ratings
May 1 2014 // A.M. Best has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a” of State Automobile Mutual Insurance Company and its operating...
UK Underwriter APC Forms Professional Indemnity Team; Launches New Products
May 1 2014 // UK-Based commercial insurance underwriting agency APC announced the launch of its dedicated Professional Indemnity (PI) underwriting team and an expanded Professional Indemnity portfolio of products. “The new team...
ACE Limited Reports $734 Million Q1 Net Income; $777 Million Operating
Apr 30 2014 // ACE Limited report first quarter, 2014 net income of $734 million, compared to $953 million in Q1, 2013. The decrease came from the capital gain/loss side of the ledger. ACE posted a $207 million capital gain in Q1, 2013,...
Patriot Underwriters Acquires Assets Of Holdren in Oregon
Apr 29 2014 // Patriot Underwriters Inc. has acquired the assets of Holdren Insurance Group Inc. in Bend, Ore. HIG, formed in 2010, focused on the workers’ compensation needs of the shooting sports industry. Patriot will build upon...
ACE Appoints Bonneau Exec. VP-Global Underwriting; Zaccaria for No. Am.
Apr 29 2014 // The Zurich-based ACE Group announced the appointment of Jacques Bonneau, currently ACE Group Executive VP and head of the company’s global reinsurance business, as Executive Vice President, Global Underwriting, with...
PartnerOne Names Nuce Senior Underwriter in Colorado
Apr 28 2014 // PartnerOne Environmental named Vonnie Nuce as senior underwriter. Nuce will be based in the Denver, Colo. office and will be responsible for underwriting new and renewal business for all PartnerOne products. Nuce has more...
