Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Insider Trading Plans: A new D&O underwriting concern?
Apr 23 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...
Novae Launches Int’l. General Liability
Apr 20 2007 // Lloyd’s insurer Novae announced that it has “moved into the international general liability market with the recruitment of two senior underwriters to Syndicate 2007. Mark Davies and Rupert Taylor have joined...
Professional Underwriters Targets School Bus Contractors with Program
Apr 18 2007 // Professional Underwriters, a national program administrator focused on public entity insurance, has launched a new program, “SafetyFirst”, which targets independent school bus contractors. According to Tom...
Appalachian Underwriters Opens West Coast Satellite Office
Apr 18 2007 // Appalachian Underwriters Inc. has opened a San Diego, Calif., satellite office to house its underwriting and executive staff. George Johnston, a 21 year veteran of the California insurance marketplace and former Arrowhead...
Report Details P/C Insurers’ 2006 Proftability, Escape from Storms
Apr 18 2007 // Another report on the insurance industry confirms and details what has been widely acknowledged: a sharp decline in catastrophes in 2006 contributed to improved underwriting results for the year. The U.S. property/casualty...
PartnerRe Makes Catastrophe Management Changes
Apr 17 2007 // Bermuda-based PartnerRe Ltd. has announced management changes in the Group’s U.S. and worldwide catastrophe reinsurance underwriting operations. Effective July 2007, Tad Walker will succeed Robin Williams as...
Meadowbrook Acquiring U.S. Specialty Underwriters
Apr 17 2007 // Meadowbrook Insurance Group, Inc. has agreed to acquire U.S. Specialty Underwriters, Inc. for a purchase price of $23.0 million. The purchase price is comprised of $13.0 million in cash and $10.0 million in Meadowbrook...
Burns & Wilcox Promotes Shumate to Underwriter in Texas Office
Apr 17 2007 // Specialty insurance and brokerage provider Burns & Wilcox announced that Jennifer Shumate has been promoted to underwriter in the company’s Arlington, Texas, office. Previously, Shumate was a production...
Thomas Joins Amlin Bermuda as Underwriter
Apr 11 2007 // Amlin Bermuda Ltd., Amlin’s wholly owned reinsurance business, has appointed Alun Thomas as an underwriter, reporting to Underwriting Director John Andrews. Alun joins from Aon Limited, where he was a director of...
Top 10 myths of D&O liability insurance
Apr 9 2007 // In today’s soft directors and officers market, the importance of a long term approach can often be lost in the process of securing coverage. However, history has proven in the past 15-plus years that the D&O...
Top 10 myths of D&O liability insurance
Apr 9 2007 // In today’s soft directors and officers market, the importance of a long term approach can often be lost in the process of securing coverage. However, history has proven in the past 15-plus years that the D&O...
Underwritiers weigh design, construction of offshore oil platforms
Apr 9 2007 // Not all offshore platforms are created equal, which is why one platform will survive a storm unscathed while another nearby is completely obliterated. In order to appropriately underwrite offshore platform risk,...
National Specialty Underwriters Adds Staff, Expands Chicago Office
Mar 30 2007 // National Specialty Underwriters, Inc. (NSU) has announced the hiring of Dianne O’Donnell as sales executive, and Meghan Hamilton as account manager for NSU Healthcare, a division of the company that specializes in...
Best Downgrades Steamship Mutual Bermuda and UK Ratings
Mar 29 2007 // In separate bulletins A.M. Best announced that it has downgraded the financial strength rating of The Steamship Mutual Underwriting Association (Bermuda) Limited (the Club) and its UK operation Steamship London to...
Lancashire Promotes Burton, Whelan, Porter
Mar 28 2007 // Lancashire Holdings Limited, which writes a diversified mix of specialty insurance lines both catastrophe and non-catastrophe from twin platforms in Bermuda and London, announced three senior management promotions, as...
Ill. Speciality Underwriters Contracts with New Partner
Mar 27 2007 // Specialty Underwriters’ Alliance, Inc., through its subsidiary SUA Insurance Co., today announced a new Partner Agent agreement with Flying Eagle Insurance Services, Inc. (“Flying Eagle”) to market and...
Top 10 myths of D&O liability insurance
Mar 26 2007 // Squelching frequent misconceptions of this valuable protection. In today’s soft directors and officers market, the importance of a long term approach can often be lost in the process of securing coverage. However,...
People
Mar 26 2007 // Louisiana Workers’ Compensation Corporation (LWCC) hired William B. Bangs IV as vice president of agency relations. In this position, Bangs will plan, direct and coordinate agency relations with insurance agents...
Top 10 myths of D&O liability insurance
Mar 26 2007 // In today’s soft directors and officers market, the importance of a long term approach can often be lost in the process of securing coverage. However, history has proven in the past 15-plus years that the D&O...
A.M. Best says commercial P/C outlook stable
Mar 26 2007 // Pricing remains rational for now despite increasing competition A.M. Best Co. has completed its assessment of the U.S. commercial market and revised the outlook to stable from negative for 2007. Although Best says there...
