Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Liberty International Underwriters Names Clauson SVP of Excess Casualty
May 29 2013 // Liberty International Underwriters (LIU), part of the Global Specialty division of Liberty Mutual Insurance, has appointed Peter A. Clauson as senior vice president of LIU Excess Casualty and Umbrella in the U.S. and Latin...
UK’s APC Lifts Liability, Property Limits to Quote Risks Online
May 29 2013 // The UK-based commercial insurance underwriting agency, APC, announced that it has increased the limits on the majority of its public and products liability risks to £10 million ($15 million] and property risks to £50...
S&P Applies Revised Insurance Criteria to 22 Reinsurers and Subs
May 24 2013 // Standard & Poor’s Ratings Services announced that it has reviewed its ratings on 22 large global reinsurance groups by applying its new ratings criteria for insurers, which were published on May 7, 2013. (See...
Conn.-Based SPARTA Insurance Names Chief Underwriting Officer
May 24 2013 // Hartford, Conn.-based SPARTA Insurance Co. promoted Tom Colosi to chief underwriting officer effective June 1. He has been serving as senior vice president of underwriting since joining SPARTA last November. Prior to...
UK Insurer Marketform Expands into U.S. Hospital PL Market
May 23 2013 // Lloyd’s specialist underwriter Marketform will commence underwriting hospital professional liability, comprising medical malpractice and associated general liability insurance, in the United States effective June 1,...
London Underwriter Becomes First to Insure California Carbon Credits
May 23 2013 // Parhelion Underwriting Ltd. became the first insurer to offer a policy to protect companies from the invalidation of carbon offset credits sold as part of California’s cap-and-trade program. Parhelion, based in...
PIA: Agencies See Significant Underwriting Changes in Homeowners Market
May 22 2013 // The Professional Insurance Agents’ (PIA) recent survey of more than 400 independent agencies showed significant market changes in the Northeast — with the homeowners insurance and commercial property market...
Workers’ Comp Sees Encouraging Signs in 2012 Results: NCCI
May 16 2013 // The workers’ compensation market is seeing encouraging signs. Premiums grew for the second consecutive year, the combined ratio declined and claim frequency continued to improve at a pace slightly greater than its...
Medical Liability Market Profitable But Deteriorating Results Expected: Fitch
May 14 2013 // The medical professional liability insurance (MPLI) market was one of the most profitable lines of business in the United States for the past five years, according to a new report. MPLI posted an average calendar year...
Trinity Underwriting Managers Launches New Inland Marine Program
May 9 2013 // Georgia-based program administrator Trinity Underwriting Managers, Inc. (TUMI) has expanded its commercial auto underwriting capabilities. TUMI recently established a relationship with an “A+” rated carrier in...
ACE USA Makes Executive Appointments in Casualty Underwriting
May 8 2013 // ACE USA, the U.S.-based retail operating division of the ACE Group, announced two executive appointments in its Foreign Casualty and Custom Casualty divisions. Alexander Wells has been appointed senior vice president and...
EMPLOYERS Names Hatfield Vice President of Underwriting in California
May 6 2013 // RENO, Nev.-based EMPLOYERS named Bradley N. Hatfield vice president of underwriting for strategic partnerships and alliances. He will be based out of EMPLOYERS’ office in Glendale, Calif. He has more than 25 years of...
After Sandy, Underwriters, CAT Models View Northeast Like Southeast: NAPCO
May 6 2013 // Superstorm Sandy may not have hardened the insurance market, but it has changed the way underwriters view the Northeast, a view that catastrophe models will reflect going forward. According to NAPCO’s Spring 2013...
RenaissanceRe Posts $190.5 Million Q1 Net Income; 36.2% Combined Ratio
May 3 2013 // Bermuda-based RenaissanceRe Holdings Ltd. reported net income available to common shareholders of $190.5 million or $4.23 per diluted common share in the first quarter of 2013, compared to $201.4 million or $3.88 per...
AIG Reports P/C Underwriting Gain for Q1
May 2 2013 // American International Group Inc.’s property and casualty business booked its first underwriting profit in two and a half years during the first quarter, as the insurer wrote more premiums at higher prices and...
The Hartford Reports $241M Q1 Loss Mainly Due to One-Time Charges
Apr 30 2013 // Hartford Financial Services Group Inc. posted a net loss of $241 million for its 2013 first quarter, compared to net profit of $96 million reported during the first quarter of 2012. The latest quarterly net loss was mainly...
J.M. Wilson Adds Assistant Transportation Underwriter in Illinois
Apr 29 2013 // Managing general agency, J.M. Wilson, has added Cherlyn Mims to its transportation team as assistant transportation underwriter in the company’s Arlington Heights, Ill., office. Mims provides assistance to the...
Best Affirms Platinum Underwriters and Subs Ratings; Outlook Stable
Apr 26 2013 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Platinum Underwriters Bermuda, Ltd. and its strategic affiliate, Platinum...
W. R. Berkley Corp. Creates Berkley Design Professional Underwriters
Apr 24 2013 // W. R. Berkley Corp. has launched Berkley Design Professional Underwriters to focus on liability coverage for architects and engineers, nationwide. Products will be distributed through independent agents and underwritten on...
McGowan Acquires Ohio’s Governmental Underwriters of America
Apr 24 2013 // The McGowan Companies (McGowan), based in Fairview Park, Ohio, has purchased the assets of Governmental Underwriters of America Inc. (GUA). Effective immediately, GUA will begin operating under the newly formed McGowan...
