Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Lloyd’s Ascot in Underwriting Deal for Power Generation with Brit, QBE, Sciemus
Jan 4 2012 // lloyd’s insurer Ascot Underwriting Ltd. announced that it has formed the Strategic Power Consortium, which it described as a “dedicated technical underwriting vehicle for the power and utilities...
Austin Mutual Names Kirkendall Commercial Lines Underwriting Director
Jan 3 2012 // Minnesota-based Austin Mutual Insurance Co. has promoted Kody Kirkendall to director of commercial lines underwriting. Kirkendall will continue to oversee the agribusiness division underwriting and will add Austin...
Catastrophes Erode P/C Insurers’ Results for 9 Months of 2011
Dec 27 2011 // Private U.S. property/casualty insurers’ net losses on underwriting grew to $34.9 billion in nine-months 2011 from $6.3 billion in nine-months 2010. The combined ratio deteriorated to 109.9 percent for nine-months...
Florida Commercial Health Plan Enrollment Continues Overall Slide
Dec 22 2011 // Enrollment in commercial health insurance in Florida was down 4.3 percent in 2010, the fifth straight year it has dropped. The annual report of the Florida Health Care Insurance Advisory Board shows that total enrollment...
Willis Report Highlights P&I Market’s Record Financial Results in 2011
Dec 22 2011 // The Protection & Indemnity (P&I) market “delivered a blockbuster financial performance last year,” according to a report from Willis. However, the report also found that P&I Clubs are “faced...
Beazley Confirms Interest in Acquiring Hardy Underwriting
Dec 21 2011 // In a brief statement, issued by its office in Dublin, Beazley plc confirmed that it is to undertake a strategic review of the business of Hardy Underwriting Bermuda Limited. The statement followed the announcement by the...
Best Affirms Lloyd’s Syndicate 2001 Ratings; Amlin AG, Amlin plc; Outlook Stable
Dec 20 2011 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit rating (ICR) of “aa-” of Lloyd’s Syndicate 2001, which is...
Euclid Insurance Taps Aronowitz to Lead New Specialty Underwriting Team
Dec 16 2011 // Itasca, Ill.-based Euclid Insurance Services Inc. (Euclid) has hired Daniel Aronowitz and four other nationally recognized specialty insurance experts to form Euclid Specialty Managers LLC (Euclid Specialty). Euclid...
Fitch Says Insurers’ Capital Position Is Strong, Issues Stable Outlook
Dec 15 2011 // Fitch Ratings said in its new 2012 outlook report that the P/C insurers’ capital position remains strong. It observed that most P/C insurers have sufficient capital to manage through significant future adversity. The...
Aspen Chief Says It’s Time to Get Back Underwriting Discipline
Dec 13 2011 // With inadequate pricing levels for commercial lines, low interest rates and severe catastrophe losses, it’s high time insurers focus on underwriting discipline, said a veteran insurance executive. Mario Vitale,...
Florida Underwriter Magazine Shuts Down
Dec 13 2011 // The Florida Underwriter magazine has published its last issue. “Unfortunately, the double demons of our state’s falling economy and the dominance of the Internet over print products have brought us to this...
Connecticut Updates Underwriting Guidelines for Hurricane Deductible
Dec 12 2011 // Connecticut insurance department announced that it has updated its coastal underwriting guidelines to clarify when hurricane deductibles can be applied. The hurricane deductible issue has been in the spotlight in wake of...
How to Attract Carrier Attention on Program Business
Dec 12 2011 // Agents who use an organized, straightforward method when submitting program business to market will benefit by gaining faster response times from carriers and the potential to create new programs. Kenneth Robinette, of...
Do Actuarial Models Influence P/C Underwriting Cycle?
Dec 9 2011 // Property/casualty insurance is noted for the sharp rise and fall of its rates – the underwriting cycle. As actuaries have developed more sophisticated statistical and computer models to help understand complex insurance...
CNA Appoints Commercial Underwriting Officer in Boston
Dec 7 2011 // CNA Financial Corporation appointed Charles O’Donnell as commercial underwriting officer for its Boston branch office. In this position, O’Donnell will add local underwriting leadership and technical...
People
Dec 5 2011 // Susan Gropp has been elected president of the Texas Surplus Lines Association Inc. Gropp is executive vice president of Arcana Insurance Services in Dallas. Other newly elected officers include: Vice President Kathy van...
Torus Acquires Renewals of C.V. Starr for Continental Europe; Interview with Int’l. CEO O’Donohoe
Dec 5 2011 // Torus announced that it has entered into an agreement with Starr Underwriting Agents Limited whereby Torus Syndicate 2243 acquires the renewal rights to CV Starr Syndicate 1919’s Continental European Marine,...
DUAL Corporate Risks Adds More D&O Capacity from Aspen, Pembroke
Dec 5 2011 // London-based specialist underwriting agency DUAL Corporate Risks announced that it has entered into a strategic partnership with Aspen Managing Agency Limited (Syndicate 4711) and Pembroke Managing Agency Limited...
People
Dec 5 2011 // Holly Foxen Wells has been promoted to marketing and public relations manager of San Diego, Calif.-based Atlas General Insurance Services. She will lead the marketing team to enhance Atlas’ brand strategy and...
How to Attract Carrier Attention for Program Business
Dec 5 2011 // Agents who use an organized, straightforward method when submitting program business to market will benefit by gaining faster response times from carriers and the potential to create new programs. Kenneth Robinette, of...
