Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Where have all the underwriters gone?
May 21 2007 // The commercial insurance industry is not what it was 20 years ago. Clients present deeper risks and greater needs for cost control, and large brokerage houses and carriers are being challenged to respond. But the challenge...
Insider trading plans: A new D&O underwriting concern?
May 21 2007 // For several years, directors and officers underwriters have viewed corporate insiders’ adoption of so-called “Rule 10b5-1 plans” as evidence of good corporate governance and as a positive underwriting...
2007 Property/Casualty State Specialist Insurers
May 21 2007 // 1 Brickstreet Mutual Insurance Co. WV 765,963 2 Texas Mutual Insurance Co. TX 743,095 3 Old American Cty Mutual Fire Insurance Co. TX 491,641 4 SAIF Corp. OR 449,794 5 Universal Property & Casualty...
Where have all the underwriters gone?
May 21 2007 // The commercial insurance industry is not what it was 20 years ago. Clients present deeper risks and greater needs for cost control, and large brokerage houses and carriers are being challenged to respond. But the challenge...
Inventory, recovery issues complicate art, heavy equipment underwriting
May 21 2007 // When high dollar art items are stolen from museums, or when internal theft of cultural property occurs, insurers must deal with specific and challenging obstacles characteristic to the relatively rare but historically...
Where have all the underwriters gone?
May 21 2007 // The commercial insurance industry is not what it was 20 years ago. Clients present deeper risks and greater needs for cost control, and large brokerage houses and carriers are being challenged to respond. But the challenge...
Tough products don’t need to be an underwriting challenge
May 21 2007 // To view the “How to Write Insuring Tough Products Liability Accounts” seminar or any of the seminars in the “How to Write” Series, visit: www.insurancejournal.com/seminars for a link to free...
People
May 21 2007 // McQueary Henry Bowles Troy named Senior Vice President Brad Van Stavern to lead the new property/casualty practice in its Austin office. Van Stavern brings experience in the health care industry, where he held positions...
Best Downgrades Merchants NH; Rates American European ‘B+’
May 18 2007 // A.M. Best Co. has downgraded the financial strength rating (FSR) to “B+” (Good) from “A-” (Excellent) and issuer credit rating (ICR) to “bbb-” from “a-” of Merchants...
Appalachian Underwriters Buys Florida Brokerage Business
May 16 2007 // Nationwide managing general agency Appalachian Underwriters, Inc. of Oak Ridge, Tenn., has completed the purchase of the renewal rights to the brokerage business of Creative Insurance Underwriters in Florida. “It was...
Mendez Joins PWIB Texas as Sr. Broker/Underwriter
May 15 2007 // Dallas-based PWIB Texas announced that Holly Mendez has joined the firm as senior broker/underwriter. Mendez formerly was associated with other leading insurance wholesalers, having served in the industry in brokerage and...
AmWINS to Buy American Equity Underwriters
May 15 2007 // Wholesale broker AmWINS Group, Inc. has agreed to acquire American Equity Underwriters, Inc. (AEU), a Mobile, Alabama-based national provider of insurance programs for maritime employers with expertise in United States...
NCCI Reiterates “Optimistic but Cautious” Outlook for Workers Comp
May 11 2007 // The workers compensation calendar year combined ratio stands at 96.5 percent — the best underwriting result in at least 30 years and the first underwriting profit for the line since 1995 according to NCCI Holdings...
Majestic Insurance Appoints Senior VP of Underwriting
May 11 2007 // San Francisco-based Majestic Insurance Co., the U.S.-based primary insurance subsidiary of CRM Holdings Ltd., has appointed James C. Kilduff as senior vice president of underwriting. Kilduff has more than 26 years of...
Max Capital Posts $80 Million Q1 Net; Increases Share Repurchase Plan
May 9 2007 // The Bermuda-based Max Capital Group Ltd. reported net income for the three months ended March 31, 2007, of $80.0 million, or $1.24 per diluted share, compared to net income of $75.3 million, or $1.19 per diluted share, for...
Ark-La-Tex Underwriters Hires Weego in Commercial Lines Division
May 9 2007 // Louisiana-based wholesaler/managing general agency Ark-La-Tex Underwriters Inc. announced that Chris Weego has joined the firm as a commercial underwriter/marketer. Weego is experienced and has good knowledge of the...
Best Affirms HSBC Insurance Ratings
May 8 2007 // A.M. Best Co. has affirmed the financial strength rating of “A+” (Superior) and the issuer credit rating of “aa-” of Hong Kong-based HSBC Insurance (Asia) Limited with a stable outlook. “The...
Medical professional liability underwriters face new environment
May 7 2007 // An ever-expanding health care and quasi-health care services environment has placed the role of physicians in a constant state of flux. So, what new exposures will be faced by medical professional liability underwriters...
Insider trading plans: A new D&O underwriting concern?
May 7 2007 // For several years, directors and officers underwriters have viewed corporate insiders’ adoption of so-called “Rule 10b5-1 plans” as evidence of good corporate governance and as a positive underwriting...
Commercial property/casualty premiums drop, underwriting relaxes, 1st quarter survey finds
May 7 2007 // Commercial property/casualty premiums for all sizes of accounts dropped sharply during the first quarter of 2007, with indications that insurance companies are starting to loosen underwriting standards and price...
