Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Abrahams joins ANV Syndicate 1861 to Head Property Underwriting Group
Dec 2 2013 // ANV Holdings BV, the Dutch headquartered specialty insurance business founded by R. Matthew Fairfield, announced that Mark Abrahams has joined the firm to lead its Property Underwriting team for ANV Syndicate 1861. He has...
Iran Oil Shipping Insurance Sanction Relief Not Likely Any Time Soon
Dec 2 2013 // A pledge by world powers to ease ship insurance sanctions on some Iranian oil exports is likely to take months to come into effect due to complex law and regulation and to insurers’ unease over providing cover. A...
Program Market Growth: New Study Shows Business Up 10%
Dec 2 2013 // Program insurance premium revenues increased 10.8 percent in 2012, more than three times the rate of premium growth in the overall commercial insurance markets, according to results from a recent survey by the Target...
2013 State Specialist P/C Insurers Revealed
Nov 18 2013 // State Specialists are often an independent agent’s most reliable and consistent market. These companies are focused on a specific geographic area, understand it and consistently strive to serve it. The Demotech...
Allstate’s Esurance Hopes Bundling Auto, Home Coverages Will Separate It From Geico
Nov 12 2013 // Esurance, the online car insurance seller owned by Allstate Corp., is betting that bundling auto and home policies will help it compete with Berkshire Hathaway Inc.’s Geico unit and Progressive Corp. Esurance started...
Dallas-Based Capstone Underwriters Announces Management Changes
Nov 8 2013 // Capstone Underwriters LLC announced that Roger F. Bogan has joined the group in Dallas as executive vice-president, brokerage. Bogan will head a new brokerage department specializing in oil and gas, hard-to-place casualty...
K&B Underwriters Hires Senior Living Programs Director in Virginia
Nov 7 2013 // K&B Underwriters, a program administrator and wholesale brokerage serving agents and brokers for senior living facilities, hired Paul Marshall as director of senior living programs. Marshall has 23 years of experience...
Insurers Keeping Property-Catastrophe Insurance Price Relatively Flat: NAPCO
Nov 5 2013 // With more than $600 billion in policyholders’ surplus, the insurance industry is very well capitalized in spite of a large loss from Hurricane Sandy last year. But even so, insurers have been keeping the price of...
Mayes Joins ANV to Lead New Technology E&O and Intangible Risk Team
Nov 5 2013 // Netherlands-based ANV Holdings BV announced that Phil Mayes will lead its new Technology E&O and Intangible Risk Underwriting team. He will be responsible for “building and running the new division which will...
Md.-Based Victor O. Schinnerer & Co. Names Senior Underwriting Manager
Nov 4 2013 // Chevy Chase, Md.-based underwriting manager Victor O. Schinnerer & Company Inc. has named Steve Cohen as senior underwriting manager for its management liability programs. In his new role, Cohen will oversee the...
Cobalt CEO Says London Meeting Islamic Underwriting Needs
Nov 4 2013 // Islamic business leaders have been told London has the ability to deliver highly rated re/insurance capacity to meet their desire to have risks covered in a Shariah compliant way. Speaking at the 9th World Islamic Economic...
E&O Dangers for Agents
Nov 4 2013 // Specializing is one way to get ahead in today’s insurance world. But becoming an expert comes with its own share of risks. Phrases such as “expert” or “specialist” have the potential to raise...
Hyperion Insurance Head David Howden on U.S. Expansion by MGA DUAL
Oct 31 2013 // David Howden, the chief executive of the London-based Hyperion Insurance Group, founded the company in 1994, “as a business to take on wholesale products in the international market,” he explained in a...
Liberty Mutual Q3 Up 3.4% to $481M; Core Underwriting Results Improved
Oct 30 2013 // Liberty Mutual Holding Co. Inc. today reported net income of $481 million for its 2013 third quarter, a 3.4 percent jump from $465 million profit reported one year ago, reflecting improved core underwriting...
Hyperion Group Subsidiary DUAL to Acquire PGI Commercial
Oct 28 2013 // The London-based Hyperion Insurance Group, an international insurance intermediary, announced its intention to expand its underwriting agency business in the U.S. through the acquisition, by its subsidiary DUAL, also based...
UK’s Castel Underwriting Launches New ‘Club Style’ MGA Formation
Oct 28 2013 // UK-based Castel Underwriting announced the launch of a “new club style MGA formation platform that provides experienced and entrepreneurial underwriters with stable capacity and a fast-track route to creating their...
Maryland’s Chesapeake Employers Promotes Dreher to Director of Underwriting
Oct 24 2013 // Chesapeake Employers’ Insurance Company, formerly IWIF, recently announced that Joanne Dreher has been promoted to director of underwriting.Joanne DreherIn this new position, Dreher is responsible for the operational...
ACE Posts Record Q3 Operating Income of $857 Million; $916 Million Net
Oct 24 2013 // ACE Limited reported net income for the quarter ended September 30, 2013, of $916 million, $2.66 per share, compared with $640 million, $1.86 per share, for the same quarter last year. Operating income was $857 million,...
Program Business Market Grows 10% to $27B, TMPAA Study Finds
Oct 23 2013 // The Target Markets Program Administrators Association (TMPAA) released the results of its annual research to document the size, characteristics, growth and other base-line information about the program insurance market....
Travelers Posts $864M Q3 Profit, Consistent With Prior Year Quarter
Oct 22 2013 // The Travelers Companies Inc. today reported its third-quarter net income of $864 million, unchanged from the same period a year ago. Travelers showed a larger underwriting gain compared to last year, but the results were...
