Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
J.M. Wilson Promotes One, Adds One to Underwriting Team
Sep 17 2013 // Managing general agency, J.M. Wilson, announced one promotion and one new hire in the Midwest. Amanda Montgomery has been promoted to transportation underwriter in the company’s Portage, Mich., office. Montgomery was...
IUMI Warns Cargo Underwriters over West African Piracy
Sep 17 2013 // Delegates attending the annual conference of International Union of Marine Insurance (IUMI) in London were told that “insurers, ship owners and cargo interests cannot equate piracy in West Africa to that seen off the...
Berkley Underwriting Partners Changes Name to Berkley Program Specialists
Sep 16 2013 // Berkley Underwriting Partners, a W. R. Berkley company, has changed its name to Berkley Program Specialists. The company said the change better reflects its sole focus on program business. “We decided to change our...
Specialty Risk Associates Adds 3 Commercial Underwriters in Louisiana
Sep 12 2013 // Shreveport, La.-based Specialty Risk Associates Inc. announced the hiring of three new commercial lines underwriters – Ryan Gore, Laura Schlidt and Patti Haigler. Prior to joining Specialty Risk Associates, Gore...
Workers’ Compensation Market: Challenges Remain Despite Recent Improvements
Sep 9 2013 // The market for workers’ compensation insurance is in a recovery phase of the underwriting cycle after several years of poor results. In particular, premium rates continued to increase meaningfully through the first...
U.S. Reinsurance Sector’s Profit Jumps 32% to $4.76B for 2013 First Half
Sep 5 2013 // The Reinsurance Association of America (RAA)’s latest survey shows a group of 18 U.S. property/casualty reinsurers posted $4.756 billion net income in aggregate for the first six months of 2013 — an increase of...
XL Group Assembles Crisis Management Team in U.S.
Sep 4 2013 // XL Group has added a crisis management team to provide corporate clients in the U.S. with product recall, war, terrorism and political violence, kidnap, ransom, and extortion insurance. Led by Denise Balan in New York, the...
W.R. Berkley’s FinSecure Appoints P/C Chief Underwriting Officer
Sep 4 2013 // FinSecure — a W.R. Berkley Corp. member company that focuses on insurance for financial institutions — announced that Elizabeth Loft Good has joined the company as vice president and chief underwriting officer...
AJ Gallagher to Acquire UK’s Giles Group of Companies
Sep 4 2013 // Arthur J. Gallagher & Co. announced that it has signed an agreement to acquire the Giles Group of Companies, headquartered in London, England. The transaction is subject to regulatory approval and is expected to close...
UK MGA Pioneer Names Carson to Head New ‘Pioneer Cat’ Division
Sep 4 2013 // Specialist Managing General Agency (MGA) Pioneer Underwriting Limited announced the appointment of David Carson to spearhead its new division ‘Pioneer Cat,’ incorporating property catastrophe reinsurance...
UK’s Nexus Underwriting Takes Over Torus Executive Risks
Sep 4 2013 // UK-based Nexus Underwriting Management Limited announced that it has acquired Torus Insurance Holdings Limited entire holding in Torus Executive Risks Ltd (TER) with effect as of August 30, 2013. Following the acquisition,...
Former Lloyd’s Chairman Max Taylor Joins Pioneer Underwriting Board
Sep 3 2013 // Former Lloyd’s Chairman Max Taylor Joins Pioneer Underwriting Board Recently formed – April 2011 – Pioneer Underwriting Limited announced that industry veteran Max Taylor has been appointed as Chairman of the...
Specialty Underwriters & Risk Evaluators Acquires WSIB Insurance Agency
Aug 26 2013 // Specialty Underwriters & Risk Evaluators LLC has acquired Jackson, Mich.-based WSIB Insurance Agency from the Capacity Group of Companies, headquartered in Mahwah, N.J. WSIB currently operates as a wholesale broker and...
Texas Windstorm Insurer Offers Underwriting Basics Online Workshop
Aug 23 2013 // The Texas Windstorm Insurance Association (TWIA) announced it is now offering its Texas Windstorm Insurance Association Underwriting Basics Workshop online. This course, which is open to insurance agency personnel, has...
Advanced Insurance Underwriters, CODA to Offer GL, WC Coverage to Contractors
Aug 22 2013 // Advanced Insurance Underwriters, a nationwide provider of commercial insurance, and CODA, the California Operator & Door Association, have collaborated to give contractors access to general liability coverage and...
BMS Appoints Douetil as Group CEO; Cook CEO of UK Broker Entity
Aug 21 2013 // The UK’s BMS Associates, a specialist independent broker and underwriting group, has appointed Dane Douetil as its new Group Chief Executive Officer. BMS Associates is the parent company of BMS Group Limited, its UK...
Former PIA Mgmt. CEO Bessette Joins Managing General Underwriter CED 1976
Aug 20 2013 // CED 1976 LLC, a N.J.-based managing general underwriter for the Jewelers unBLOCKed brand that focuses on providing coverage to the jewelry industry, announced that Ken Bessette has joined its management team as strategic...
Fidelis Group Holdings Names 2 Managing Directors for New Inland Marine Unit in N.Y.
Aug 19 2013 // Fidelis Group Holdings LLC, through its subsidiary company Continental Underwriters Ltd., announced the formation of its new inland marine division and appointed two managing directors for the new unit. Ed Helfers and Lisa...
Berkshire Hathaway Specialty Insurance Hires 2 Execs From Zurich, The Hartford
Aug 16 2013 // Berkshire Hathaway Specialty Insurance — the recently launched commercial P/C insurance unit of Berkshire Hathaway — announced on Thursday the appointments of Leo Carroll as senior vice president, healthcare...
Gridiron Insurance Underwriters Launches New Inland Marine E-Portal Product
Aug 14 2013 // Gridiron Insurance Underwriters, Inc., a program manager that specializes in program business on a regional and national basis through select retail and wholesale producers, will release a new inland marine product called...
