Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Patriot National Appoints Rearer as President of Patriot Underwriters
Jan 31 2013 // Patriot National Insurance Group has named John Rearer as the new president of the insurer’s subsidiary, Patriot Underwriters Inc.John RearerAs president of Patriot Underwriters, Rearer will oversee Patriot...
Bowers Joins Florida’s Bass Underwriters as Senior VP Personal Lines
Jan 29 2013 // Plantation, Florida-based wholesale insurance broker Bass Underwriters hired Bruce E. Bowers as senior vice president for personal lines. Bowers will be responsible for new product development and the launching of personal...
Best Affirms AIG, U.S. Property/Casualty Subs Ratings; Outlook Stable
Jan 28 2013 // A.M. Best Co. has affirmed the issuer credit rating (ICR) of “bbb” of New York-based American International Group, Inc. (AIG), as well as the financial strength rating (FSR) of ‘A’ (Excellent) and...
Business Moves – South Central
Jan 28 2013 // Caldwell and Partners, Midlands Holding Corp. Oklahoma-based Caldwell and Partners Inc. (CAP) acquired Midlands Holding Corp. (MHC) from PMA Capital Corp. (PMA). Midlands Management Corp. (Midlands) is a managing general...
Cyber Liability: Where to Find Cyber Coverage
Jan 28 2013 // The Buyer’s Guide to the Best Possible Cyber Insurance There are many cyber insurance products available for purchase, and each is somewhat unique. Some products are more comprehensive than others. Some cyber...
N.Y.-Based WKFC Underwriting Managers Hires Executive Vice President
Jan 25 2013 // Melville, N.Y.-based WKFC Underwriting Managers appointed Brian Specht as executive vice president, professional lines. In his new role, Specht will be responsible for driving new business and product development across...
Pennsylvania’s GMI Insurance Names Underwriting Director
Jan 23 2013 // GMI Insurance, a Valley Forge, Penn.-based managing general agency specializing in commercial transportation exposures, named Angela Milks as its underwriting director. Milks has more than a decade of experience writing...
Travelers Q4 Profit Down, Hurt by $669M Sandy Loss; Full-Year Profit Up
Jan 22 2013 // The Travelers Companies Inc. today reported net income of $304 million for the 2012 fourth quarter, down 51 percent compared to $618 million net income posted during the same period in 2011. Still, the 2012 full-year net...
Liberty International Underwriters Expands Energy Operations
Jan 16 2013 // Liberty International Underwriters (LIU), part of the Global Specialty unit of Liberty Mutual Insurance, has brought on Robert Rokicki, P.E., as senior vice president of oil, gas, petrochemical and chemical (OGPC)...
Georgia’s Trinity Underwriting Managers Names Standing Senior VP
Jan 15 2013 // Transportation specialist Trinity Underwriting Managers Inc. (TUMI), based in Pooler, Georgia, has named Stephen Standing as senior vice president. Standing started his professional life in 1996 as an underwriter for...
Managing Underwriter Bill Creates Unwelcome Surprise for Some Texas Agents
Jan 14 2013 // A bill passed during the 2011 session of the Texas Legislature is creating havoc for some independent insurance agents in the state. House Bill 3410 creates a definition of a managing underwriter, and addresses the filing...
Double-Digit Returns Absent From Year-End, 2013 Financial Forecasts
Jan 11 2013 // Although analysts following the property/casualty insurance industry expect underwriting results for 2012 to be better than 2011 when full-year numbers are tallied, double-digit overall returns-on-equity are still not...
Calnan Joins Ironshore Europe to Lead International Offshore Energy Expansion
Jan 11 2013 // Bermuda-based Ironshore Europe Ltd. (IEL) announced that Paul Calnan has been named Senior Vice President Global Offshore Energy, responsible for expanding the Global offshore energy business throughout Ironshore...
Ascot Underwriting Appoints Pilkington as Head of Casualty
Jan 10 2013 // Lloyd’s insurer Ascot Underwriting Ltd. announced the appointment of John Pilkington as Head of Casualty, effective February 4, 2013, and subject to regulatory approval. He has more than 25 years’ underwriting...
Scottsdale Taps Franke as VP of Contract Underwriting In West
Jan 8 2013 // Scottsdale Insurance Co. named Steve Franke as vice president of contract underwriting for the Western region. Franke will oversee the Northwest, Southwest and Pacific regions. He will report to Gary Tiepelman, senior vice...
HIIG Reorganizes Domestic Underwriting Operations
Jan 8 2013 // Houston International Insurance Group (HIIG) has reorganized ts domestic underwriting operations, which going forward will be re-branded under the symbol HIIG. The following divisions have been created: HIIG Construction...
Bridges Joins RSI International as Commercial Underwriter
Jan 4 2013 // Texas-based RSI International Inc. announced that Brian Bridges has joined the firm in the role of commercial underwriter. Bridges brings 10 years’ experience in commercial property/casualty insurance, specializing...
Program Specialists: Thriving in All Market Conditions
Dec 31 2012 // There is a strain of thinking that says generalists can adapt and survive in most environments whereas specialists are more at the mercy of their environment. That may be the case for some species but it’s...
P/C Industry’s 9 Month Results Show Insurers Can Handle Sandy Losses: ISO, PCI
Dec 28 2012 // Before Hurricane Sandy hit, private U.S. property/casualty insurers’ net income after taxes grew to $27 billion in nine-months 2012 from $8.4 billion in nine-months 2011. Insurers’ overall profitability as...
XL Group’s Marine Unit Boosts Underwriting and Claims Staff in N.Y.
Dec 20 2012 // XL Group plc’s North American marine business is expanding its blue water hull risk management capabilities in New York with the addition of Siobhan Coen and Jeff Loechner as senior underwriters and Eileen Fellin as...
