Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
People
Jan 24 2010 // Todd Richardson has been promoted to regional vice president – State Auto Middle Markets Insurance (SAMMI) for the company’s Western region, which includes Utah, Colorado, Arizona, Oklahoma and Texas....
New York Sees Promise in Own London-Like Market
Jan 24 2010 // But Skeptics Question Timing for Revival of U.S. Insurance Exchange A recently announced plan by New York’s governor to boost his state’s financial services industry by recreating the New York Insurance...
Torus Adds Personnel for New UK-based Property Team
Jan 20 2010 // Torus announced that it is in the process of establishing a London-based property tem to serve the UK. David Ring joins the Company to lead the new operations as UK Head of General Property. He is responsible for managing...
Markel International Appoints Davies as Marine, Energy Underwriter
Jan 20 2010 // Markel International has appointed Tom Davies as liability underwriter in the insurer’s Marine and Energy Division. Davies has eight years of experience in marine and energy insurance and has spent the last six years...
XL Insurance Adds to Aviation Team, Expands West
Jan 13 2010 // New York-based XL Insurance, the global insurance operations of XL Capital Ltd., has expanded its U.S. Aviation underwriting team with an aviation branch office in San Francisco and by adding to its New York-based...
Florida Agents, Consumer Group Sound Alarm Over ‘Perilous’ Property Market
Jan 13 2010 // Insurance agents, a former insurance commissioner and a consumer advocate have sounded an alarm about the property insurance marketplace in Florida, a market that has seen four insurers get into financial trouble in the...
S&P Comments on RenRe’s Management Changes; No Rating Change
Jan 12 2010 // Standard & Poor’s Ratings Services has stated that its ratings on Bermuda-based RenaissanceRe Holdings Ltd. (currently ‘A’ with a stable outlook) and related entities are not affected by the...
People
Jan 10 2010 // New York-based insurance wholesaler Russell Bond & Co. has promoted Margaret J. Arnold to assistant vice president-controller. She is a 20-year veteran of the firm. In addition, the company has also promoted Derek...
People
Jan 10 2010 // The board of directors of the American Academy of Actuaries has elected Mary Frances Miller as the organization’s president-elect. Miller will succeed Ken Hohman as president for the 2010-2011 term. Miller is a...
ACE Europe Appoints Ainslie Technology and Cyber Liability Underwriter
Jan 8 2010 // The ACE European Group has appointed Iain Ainslie to the role of Technology and Cyber Liability Underwriter. ACE said the appointment underscores its “commitment to enhancing its service offering and presence in this...
New Day Underwriting Appoints Carretta to Assistant VP
Jan 7 2010 // Bordentown, N.J.-based New Day Underwriting Managers LLC, an environmental and construction-related professional liability resource for insurance agents and brokers, announced it is building its underweriting team by...
Torus Launches New Jersey-Based Renewable Energy Underwriting Unit
Jan 5 2010 // Specialty insurer Torus has hired three New Jersey-based executives to oversee underwriting of primary lines of general liability and auto liability for renewable energy. Angie Adams, Adam Newman and Wayne Jacobson have...
Captives Fuel Growth and Income for Agency Owners
Dec 30 2009 // In times like these, where the insurance industry is now in its fifth year of a soft market, the use of an agency captive insurance company can spark both revenue and profits to improve an agency’s overall financial...
P/C Industry’s Net Income Up; Combined Ratio at 100.7 for Q3
Dec 22 2009 // Private U.S. property/casualty insurers’ net income after taxes rose to $16.2 billion through nine-months 2009, partially recovering from the 91.2 percent decline to $4.4 billion through nine-months 2008 from $49.6...
S&P Raises Platinum Holdings Ratings to ‘BBB+’; Insurance Subs Rated ‘A’
Dec 21 2009 // Standard & Poor’s Ratings Services has raised its counterparty credit rating on Platinum Underwriting Holdings Ltd. to ‘BBB+’ from ‘BBB’. S&P also assigned its ‘A’...
2009 P/C Insurance Mergers, Acquisitions Large and Small
Dec 20 2009 // Large insurers AIG, Farmers and The Hartford made moves in 2009, as did large brokers Marsh, Aon, Willis, Gallagher, Brown & Brown, Hub and Wells Fargo. So, too, did, many regional insurers and Main Street agencies....
National Specialty Underwriters, Ace Westchester Launch Hospitality Program
Dec 10 2009 // Bellevue, Wash.-based National Specialty Underwriters Inc. (NSU) a program administrator and specialty wholesale broker, and ACE Westchester, the U.S.-based wholesale-focused property and casualty operation of the ACE...
Floods in the U.K.; Lloyd’s Exchange Gets Rolling; Willis in Deal for Gras Savoye
Dec 6 2009 // A series of violent storms struck the west coast of England, beginning Nov. 19. Cumbria, the county just below the Scottish border, was the most severely affected area, where heavy rain caused extensive flooding in a...
Captives Fuel Growth and Income for Agency Owners
Dec 6 2009 // Now is the Time for a Captive: Don’t Wait for the Next Hard Market In times likes these, where the insurance industry is now in its fifth year of a soft market, the use of an agency captive insurance company can...
Buono Joins New Day Underwriting in New Jersey
Dec 3 2009 // New Jersey-based New Day Underwriting Managers LLC, an environmental and construction-related professional liability broker, has added Joseph Buono as an account manager. Buono joins New Day Underwriting from Protector...
