Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Brit Global Specialty Acquiring Maiden Holdings’ E&S Renewals, Underwriting
Apr 22 2013 // Bermuda-based Brit Insurance and Maiden Holdings, Ltd. have announced a temporary 100 percent quota share reinsurance of Maiden’s Excess and Surplus (E&S) unit, Maiden Specialty, with Brit Global Specialty. The...
10-Point Checklist for DO Renewals in a Hard Market
Apr 22 2013 // No one, least of all the insured, likes a price increase. But with the D&O market firming across the board – as confirmed by the Towers Watson “2012 Directors and Officers Liability Survey” released in...
Ascot Underwriting to Open Office in New York City
Apr 17 2013 // Ascot Underwriting Ltd. announced that its office in New York, led by Paul Amrose, Chief Underwriting Officer Ascot Fac, will open for business on the 20th of May, when he and his team will relocate from Hartford to the...
Pricing Hikes, Improved Underwriting Bode Well for P/C Industry: Conning
Apr 12 2013 // With 2012 preliminary results showing improvement in profitability in the sector, the property/casualty insurance industry should see continued strong net premium growth and a substantially improved combined ratio for...
California’s Atlas General Acquires South Bay Underwriters
Apr 12 2013 // Atlas General Insurance Services in San Diego, Calif. has acquired South Bay Underwriters from Bliss & Glennon, a Redondo Beach-based national managing general agency and surplus lines broker. The firms said that upon...
Strickland Acquires Va.-Based MGA Tower Transportation Underwriters
Apr 8 2013 // Strickland Insurance Brokers Inc., a wholly owned subsidiary of Goldsboro, N.C.-based Strickland Insurance Group Inc., announced it has acquired the assets of Palmyra, Va.-based Tower Transportation Underwriters Inc. Tower...
A.M. Best Downgrades Madison Mutual Insurance Co.
Apr 8 2013 // A.M. Best Co. announced it has downgraded the financial strength rating to B++ (Good) from A- (Excellent) and issuer credit rating to “bbb+” from “a-” of Madison Mutual Insurance Co. (Madison...
North Carolina’s Strickland Insurance Acquires Virginia Transportation Underwriter
Apr 8 2013 // Strickland Insurance Brokers of Goldsboro, North Carolina has acquired the assets of Palmyra, Virginia-based Tower Transportation Underwriters Inc. Tower Underwriters, owned by Fred Black, is a managing general agency in...
Best Affirms Baldwin & Lyons and Operating Subs Ratings; Outlook Stable
Apr 8 2013 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Protective Insurance Company (PIC) and its wholly owned subsidiary,...
Atlas General Insurance Services Acquires South Bay Underwriters
Apr 4 2013 // San Diego, CA, 4/4/13 – Atlas General Insurance Services, LLC, is pleased to announce its acquisition of South Bay Underwriters, LLC, from Bliss & Glennon, a leading national managing general agency and surplus lines...
Nautilus Names Markham SVP and Chief Underwriting Officer in Arizona
Apr 2 2013 // Scottsdale, Ariz.-based Nautilus Insurance Group named Wendy L. Markham senior vice president and chief underwriting officer. Markham joined Nautilus in 1986. Most recently served as vice president-underwriting general...
Best Affirms Fairfax Financial and Subs Ratings; Outlook Stable
Mar 29 2013 // A.M. Best Co. has affirmed the issuer credit rating (ICR) of “bbb” and the unsecured debt and preferred equity ratings of Toronto-based Fairfax Financial Holdings Limited, and has also affirmed the financial...
A.M. Best: Outlook Negative for Columbia Mutual Insurance Co.
Mar 28 2013 // A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating (FSR) of A- (Excellent) and issuer credit ratings (ICR) of “a-” of Columbia Mutual Insurance Co....
Wagner Named Chief Underwriting Officer at Michigan-Based Amerisure
Mar 27 2013 // Amerisure Mutual Insurance Co., a Farmington Hills, Mich.-based provider of property and casualty insurance for more than 100 years, has promoted Ted Wagner to chief underwriting officer. Wagner assumes management...
Analysis Highlights Sandy’s Impact on Underwriting Results
Mar 25 2013 // Financial information firm SNL Financial’s preliminary analysis of more than 2,600 individual P/C filer’s 2012 statutory data illustrates how big of an impact Superstorm Sandy had on the filers’...
RAA: U.S. Reinsurers Had Higher Profits, Improved Underwriting Results in 2012
Mar 15 2013 // The Reinsurance Association of America (RAA) said a group of 19 U.S.-based property/casualty reinsurers reported higher net written premiums and net income for 2012 compared to 2011. The RAA said Thursday that a survey of...
SNL Analysis Highlights Sandy’s Impact on P/C Underwriting Results
Mar 14 2013 // Financial information firm SNL Financial’s preliminary analysis of more than 2,600 individual property/casualty filer’s statutory data illustrates how big of an impact Superstorm Sandy had on the filers’...
Best Affirms Chubb Corp. and Subs ‘A++’ Ratings; Outlook Stable
Mar 14 2013 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aa+” of the property/casualty subsidiaries of The Chubb Corporation, also known...
W.R. Berkley Forms Fire, Marine Underwriting Unit; Geary to Head
Mar 13 2013 // W. R. Berkley Corp. has lainched a new underwriting unit, Berkley Fire & Marine Underwriters. Headquartered in Chicago, Berkley Fire & Marine will focus on inland marine and related property risks regionally and...
USG adds Angi and Van Zanten to California Operations
Mar 7 2013 // USG Insurance Services Inc., a national wholesaler and managing general agent added producers/brokers Joyce Chambers and Angi Van Zanten. Chambers has more than 20 years of experience in insurance. Most recently Chambers...
