Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Strengths and Weaknesses, Part 1: What Agents Think of Regional, National P/C Insurers
Jun 25 2008 // Regional carriers rate better in underwriting experience, relationships and stability as well as in customer service and agency relations than their national competitors in the view of independent agents. Regional insurers...
Specialty Underwriters Reports Acquisition Offer from Hallmark
Jun 24 2008 // Specialty Underwriters’ Alliance, Inc. reports that it has received a letter from Hallmark Financial Services, Inc. containing an unsolicited, non-binding and conditional proposal to acquire the company. The proposal...
ACE Chooses Shaw as Chief Underwriter-Global Markets, Tempest Re Chairman
Jun 18 2008 // ACE has announced the appointment of Matthew Shaw as Chief Underwriting Officer, ACE Global Markets (AGM). He will also become the Chairman, ACE Tempest Re Europe, where he was previously Managing Director. He will report...
Fisher Joins American Underwriting Managers in Southlake Office
Jun 16 2008 // American Underwriting Managers (AUM), a managing general agency and surplus lines broker with offices in North and South Texas, added Ken Fisher as a contract underwriter/broker in its Southlake office. Fisher has more...
People
Jun 16 2008 // Thomas F. Motamed has stepped down as vice chairman and chief operating officer for The Chubb Corp. to become chairman and chief executive officer of CNA Financial Corp., a position he will assume as of June 8,...
People
Jun 16 2008 // Golden Eagle Insurance, a Liberty Mutual Agency Markets regional company, appointed Pete McPartland president and CEO. McPartland comes from General Casualty in Sun Prairie, Wis., where he led insurance operations for QBE...
Exclusive Survey, Part 1: Strengths and Weaknesses – What Agents Think of Regional and National P/C Insurers
Jun 16 2008 // Where Regional P/C Insurers Beat Out Nationals … and Where Nationals Outperform Regionals Regional carriers rate better in underwriting experience, relationships and stability as well as in customer service and agency...
Fitch: U.S. P/C Industry Shifts To Modest Underwriting Loss In 2008
Jun 13 2008 // Fitch Ratings said that following a review of industry aggregate statutory financials for year-end 2007 and 1Q 2008, the rating agency has updated its full-year 2008 U.S. Property/Casualty industry forecast and now...
Mold: Underwriters Endorsing CGL to Remove Coverage
Jun 11 2008 // Contractors are the target of nearly 2,000 mold-related lawsuits annually according to a 2003 report from toxlaw.com. When accused or sued for injuries and damages resulting from mold, contractors look to their commercial...
U.S. Risk Relocates Lighthouse Programs; Mordarski Named Manager
Jun 6 2008 // U.S. Risk Underwriters, a subsidiary of U.S. Risk Insurance Group, Inc., will relocate four programs currently operated by the U.S. Risk subsidiary, Lighthouse Underwriters. The programs – ElderCare, StaffPak, PLPros...
How Hartford-Progressive Alliance for Banks Works
Jun 4 2008 // Agents submitting community bank risks to the new alliance between The Hartford and Progressive should expect to work with underwriters from each carrier but the companies promise quick turnaround. According to the...
People
Jun 2 2008 // Markel Corp.’s Board of Directors elected Anthony F. (Tony) Markel vice chairman and Paul W. Springman president and chief operating officer. Markel served Markel Corp. for more than 40 years, most recently as...
The Hartford, Progressive, ABA Team up for Community Bank Program
Jun 2 2008 // The New Alliance Can Handle Banks With up to $5 Billion in Assets but the ‘Sweet Spot’ is up to $2 Billion Agents submitting community bank risks to the new alliance between The Hartford and Progressive should...
A Soft Market Solution: MGAs and Risk Sharing
Jun 2 2008 // Part 2: Soft Market Benefits of Risk Sharing Extend Beyond Potential for Increased Profits Editor’s Note: The following is part two of a discussion of the risk retention options available to managing general agents,...
Universal Underwriters to Refund $2.4M to Texas Policyholders
May 29 2008 // Texas Attorney General Greg Abbott reached a settlement with an automobile credit insurance company that unlawfully withheld insurance premiums from than 12,000 Texans who paid off their vehicle loans early. The Office of...
Magee Joins Narragansett Bay Insurance as Underwriting Director
May 28 2008 // Narragansett Bay Insurance Co. has added Drew J. Magee as director of underwriting. With 25 years of experience in the insurance industry, Magee has worked as the chief operating officer and underwriting officer of The...
Catlin Names Ibeson to Direct UK Operations
May 27 2008 // The Bermuda-based Catlin Group Limited announced that David Ibeson, currently chief executive of the Catlin Syndicate at Lloyd’s, has also been appointed chief executive of Catlin Insurance Company (UK) Ltd. He will...
People
May 19 2008 // Charlotte, N.C.-based national wholesale insurance broker AmWINS Group Inc. named James Drinkwater president of its AmWINS Brokerage division. He will be responsible for the management of the division, which is focused on...
Vermont Mutual Promotes Gray to Underwriting Vice President
May 16 2008 // Vermont Mutual Insurance Group has promoted Mary J. Gray to the position of vice president of underwriting. Gray joined Vermont Mutual in 1984 and has served in several key positions in underwriting, research and...
Argo Group Completes Acquisition of Heritage Underwriting Agency
May 16 2008 // The Bermuda-based Argo Group International Holdings, Ltd. announced that all conditions of its acquisition of Heritage Underwriting Agency plc. have been satisfied or waived and, as a result, its offer is wholly...
