Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Why You Should Analyze the Professional Liability Application
Nov 6 2005 // We all know that the first step toward placing professional liability coverage is to have the client complete the appropriate application and supplements. The application affects not only the underwriting, rating and...
How to Write the Diverse Business of Lawyers Professional Liability
Nov 6 2005 // Managing the risk of lawsuits against lawyers. With more than a quarter million law firms in the United States, the lawyers’ professional liability market represents a huge opportunity for retail agents and wholesale...
Employment Practices Liability: Like Fine Wine, Better With Time
Nov 6 2005 // Many insurance products grow better with the passage of time, as good underwriters look for ways to structure the policy language to be more response to evolving claims scenarios, legislative and judicial developments and...
MarketScout Barometer Shows Continued Softening in Professional Liability Market
Nov 6 2005 // MarketScout has analyzed the submissions from its agency network in an exclusive market evaluation on behalf of the Insurance Journal. Additionally, MarketScout conducted in person interviews with various industry leading...
Credit-based Insurance Scoring Remains a Key Legislative, Regulatory Issue
Nov 6 2005 // Credit-based insurance scoring has been a contentious legislative and regulatory issue in the world of insurance for at least the last three or four years, but the nature of the debate has changed, Robert Detlefsen,...
Max Re Capital Reports Underwriter’s Purchase of Added Common Shares
Nov 2 2005 // Bermuda-based Max Re Capital Ltd. announced that Bank of America Securities LLC and Citigroup Global Market Inc. have exercised their option to purchase an additional 1,650,000 common shares of Max Re Capital Ltd. The...
Argonaut Closes Underwriter’s Options
Nov 1 2005 // Argonaut Group Inc., based in San Antonio, announced it has closed on the sale of an additional 210,000 shares of its common stock at a public offering price of $26.75 per share, before underwriting discounts and...
Arthur J. Gallagher & Co. Purchases InterPacific Underwriting Agencies Pty of Australia
Nov 1 2005 // Arthur J. Gallagher & Co. announced the acquisition of InterPacific Underwriting Agencies Pty Ltd of Sydney, Australia. Terms of the transaction were not disclosed. Founded in 1997, InterPacific Underwriting Agencies...
AVRECO Announces Expansion Plans
Oct 25 2005 // AVRECO, a member of The Park Group with offices in Chicago, New York, Philadelphia, London, and Bermuda, has named Greg Schrom vice president responsible for the development of all lines of business in California and the...
Lamparelli Joins E&S Broker Connecticut Underwriters
Oct 24 2005 // Nick Lamparelli recently joined Connecticut Underwriters, Inc. and will be based out of the firm’s Portsmouth, New Hampshire office. Lamparelli joins the firm as a commercial lines underwriter. He will focus on new...
Prettejohn Stresses Underwriting Discipline, Reforms in Keynote Speech to ACORD Forum
Oct 21 2005 // Lloyd’s CEO Nick Prettejohn, in what may be his last major address as Lloyd’s CEO (See IJ Web site Oct. 17 and 18), told those assembled for the ACORD Forum in London that underwriting discipline continues to...
London American Risk Specialists, Inc. Announces Formation of Social Services Underwriting Department
Oct 21 2005 // Houston, TX – London American Risk Specialists, Inc., headquartered in Houston, Texas is pleased to announce the formation of a Social Services Underwriting department based out of the Dallas, Texas office. Mike...
Safeco Unveils Q3 Report; Hurricanes Play Major Role
Oct 18 2005 // Seattle-based Safeco reported solid third-quarter results, with net income of $101.1 million, or $0.80 per diluted share. This figure includes estimated after-tax net catastrophe losses of $115.8 million, or $0.91 per...
San Francisco-based Woodruff-Sawyer & Co. announced that William Dougherty has joined the firm as an Account Executive w
Oct 17 2005 // Hilb Rogal and Hobbs Company, headquartered in Glen Allen, Va., has appointed Michael Crowley to the position of president. In that role, Crowley will have overall responsibility for profit and loss, revenue growth,...
Specialty Underwriters’ Alliance: No Expected Losses from Hurricanes
Oct 13 2005 // Chicago-based Specialty Underwriters’ Alliance Inc. reported that it does not expect any losses related to the recent hurricane activity. SUA President and Chief Executive Officer Courtney Smith stated, “Our...
Specialty Underwriters’ Alliance Partners with Appalachian Underwriters
Oct 12 2005 // Specialty Underwriters’ Alliance Inc. announced a new partner agent contract with Appalachian Underwriters, Inc., which specializes in small artisan and general contractors business such as carpentry, electricians,...
Universal Insurance Company of Texas Adds Staff
Oct 11 2005 // Universal Insurance Holdings of North America announced it has added new members to the Universal Insurance Company of Texas (UICTX) team, based in San Antonio. Katherine Moore, vice president of Texas operations for UICTX...
ACE USA Forms Energy Risk Unit
Oct 10 2005 // ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, announced the formation of ACE Energy, a new retail business unit which will focus on serving the complex insurance needs of the U.S. energy...
Record First-Half, Surplus Boost P/C Insurers’ Ability to Pay Hurricane Losses
Oct 5 2005 // The U.S. property/casualty insurance industry’s net income after taxes rose 29.1 percent to a record $30.9 billion in first-half 2005 from $23.9 billion in first-half 2004. Reflecting the industry’s income, its...
Lewis Joins Beazley to Establish U.S. Transport Underwriting Practice
Oct 5 2005 // Beazley Group plc announced that Orville Lewis is joining the company to establish a new underwriting practice focusing on U.S. transportation risks. Lewis brings to Beazley extensive experience of underwriting...
