Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Catlin Group 2010 Profits Fall to $406 Million on Cat Losses
Feb 10 2011 // The Bermuda-based (London headquartered) Catlin Group Limited reported net profits before tax in 2010 of $406 million, compared to $603 million in 2009, primarily due to a significant increase in catastrophe losses last...
Inferior Results Will Force Admitted Carriers Out of the E&S World, Eventually
Feb 10 2011 // The loss of market share in the surplus lines sector of the property/casualty insurance industry will turn around when standard carriers begin to experience negative results from the non-standard business they’ve...
RenRe’s Q4 Net Income – $122.6 Million; FY $702 Million Show Decreases
Feb 9 2011 // Bermuda-based RenaissanceRe Holdings Ltd. reported net income available to common shareholders of $122.6 million or $2.23 per diluted common share in the fourth quarter of 2010, compared to $211.8 million or $3.38 per...
Beazley Extends Global Environmental Underwriting to Pollution Coverage
Feb 8 2011 // Specialist insurer Beazley announced that it is broadening its coverage of environmental risks, first launched by its U.S. company, by “establishing an environmental risks underwriting capability at Lloyd’s,...
Increase in Temporary Staffing Business Signals Economic Recovery
Feb 7 2011 // For many businesses, 2010 was a year of transition. Companies began to pick up the pieces of the economic downturn and were cautiously optimistic by bringing on temporary staff to help out rather than hire permanent...
People
Feb 7 2011 // Great American Insurance Group, headquartered in Cincinnati, Ohio, announced that Michael G. “Mike” Liguzinski will succeed John W. Sullivan as divisional president, Specialty Human Services Division, upon...
People
Feb 7 2011 // OneBeacon Technology Insurance appointed Mary Fisk-Bieker as vice president and central and eastern territories underwriting manager. She brings more than 25 years of insurance experience to OneBeacon, 23 years of which...
Colorado Casualty Names Hickert Underwriting VP
Feb 4 2011 // Colorado Casualty, a Liberty Mutual Agency Corp. regional company, announced that Brenda K. Hickert has been named vice president, Underwriting. With more than 20 years of industry experience in positions of increasing...
QBE Forms U.S. General Aviation Underwriting Group
Feb 4 2011 // QBE the Americas created a U.S.-based general aviation underwriting operation. Headquartered in Atlanta, QBE the Americas’ Aviation Team is designed to expand the company’s global aviation activities. QBE is...
Distinguished Programs Acquires Dallas’ GreenLine Underwriters
Feb 4 2011 // Distinguished Programs Group LLC (Distinguished), headquartered in New York, has acquired a controlling interest in GreenLine Underwriters (GreenLine), a Dallas-based program administrator focused on delivering insurance...
Willis, Atlas Set-up Malta-based Insurer to Underwrite UK Auto Liability
Feb 3 2011 // The Global Captive Practice of Willis Group Holdings and Atlas Insurance PCC (Protected Cell Company), which is based on the Island of Malta, jointly announced the establishment of a new insurance structure to cover the...
UK’s Amlin to Acquire Lead Yacht Underwriters
Jan 31 2011 // UK-based specialist insurer Amlin plc announced that a wholly owned subsidiary has entered into an agreement to acquire Lead Yacht Underwriters Limited from members of Lead Yacht’s board of directors. The transaction...
New K-12 Accident Medical Program Offers Options for Public Schools and Students
Jan 28 2011 // Fort Wayne, Ind. – January 28 2011 – K&K Insurance, a division of Aon Underwriting Managers and a managing general underwriter offering insurance products and services to the sports, leisure and...
National Underwriter, Summit Media File for Bankruptcy
Jan 26 2011 // Summit Business Media and its affiliates including The National Underwriter insurance publisher have filed for Chapter 11 bankruptcy to address more than $250 million in debt and unsecured claims. The company said that it...
UK’s Amlin Acquires J R Clare Underwriting Agencies
Jan 26 2011 // UK-based specialist insurer Amlin plc announced that its wholly owned subsidiary, Amlin Corporate Services Limited, has agreed and has completed the acquisition of J R Clare Underwriting Agencies Limited (JCUA) from John...
Howden Specialty Underwriters Forms Management Liability Program with LIU
Jan 25 2011 // Howden Specialty Underwriters LLC, a subsidiary of Hyperion Insurance Group Limited, and Liberty International Underwriters (LIU), the global specialty lines division of Liberty Mutual Group, now offer a management...
Glomb Named Underwriting Chief at PHLY
Jan 25 2011 // Philadelphia Insurance Cos. (PHLY) has promoted John Glomb to chief underwriting officer. Glomb, a 15-year veteran of the insurance and financial services industry, most recently serving as senior vice president of...
People
Jan 24 2011 // Minnesota Gov. Mark Dayton appointed Mike Rothman as the new Commissioner of Commerce. The Department of Commerce and Revenue regulates the business of insurance in the state. Rothman was most recently an attorney with the...
Inferior Results Will Force Admitted Carriers Out of the E&S World, Eventually
Jan 24 2011 // Turnaround May Not Happen Until 2012 The loss of market share in the surplus lines sector of the property/casualty insurance industry will turn around when standard carriers begin to experience negative results from the...
People
Jan 24 2011 // Washington D.C.-based broker Ames & Gough has named Christine Payne as senior account manager. Payne, who has more than 25 years of insurance industry experience, will oversee service and insurance placements for a...
