Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Observations From the Storm
Mar 10 2003 // Unless you’ve been hiding under a rock somewhere for the past year or two, yes, we’re in the midst of a hardening market cycle. After a prolonged soft market period, prices seem to be firming in every segment,...
Va. Lawmakers Consider Tightening Use of Insurers’ Underwriting, Rating Tools
Feb 24 2003 // As the final days of the 2003 Virginia legislative session unfold, lawmakers are considering several bills that would impact the resources insurance companies currently use to underwrite and rate their products. Senate...
White Mountains Reports Improved 2002 Results
Feb 19 2003 // Bermuda-based White Mountains Insurance Group, Ltd. ended 2002 with a fully converted tangible book value per share of $259, a 15 percent increase for the year. The company’s comprehensive net income for 2002 was...
Platinum Underwriters Holdings Said Pleased With Finances
Feb 14 2003 // Platinum Underwriters Holdings reported on its first two months of operations that began on Nov. 1, 2002 when the company completed its initial public offering and assumed the continuing 2002 reinsurance business of The...
APCapital Reports Fewer Losses, Sees 2003 Profits
Feb 14 2003 // American Physicians Capital Inc. reported a net operating loss of $1.1 million, or 12 cents per diluted share, in the fourth quarter of 2002, compared to a net operating loss of $14.5 million, or $1.38 per diluted share,...
Century Announces Staff Promotions and Additions
Feb 13 2003 // Century Insurance Group, an Ohio-based specialty lines insurer, has announced several staff promotions and additions in its Eastern and Western regional offices. The changes in the underwriting and claims departments...
CNA Surety Earns $8 Million in Fourth Quarter
Feb 12 2003 // Improved underwriting income helped CNA Surety Corp. score a net income of $2.6 million, or 6 cents per share, for the fourth quarter of 2002 compared to $600,000, or 1 cent per share, in 2001. Net operating earnings for...
Max Re Capital Names Bernard W. Anckner and Michael S. Morgan to Complete EGL Team
Feb 11 2003 // Bermuda’s Max Re Capital Ltd. announced that its subsidiary, Max Re Ltd., has named Bernard W. Anckner and Michael S. Morgan as Senior Vice Presidents-Underwriters, completing the core of its new Excess General...
Commercial Lines Auto: A Sleeping Giant Awakens
Feb 10 2003 // The commercial lines auto market used to be a steady line of business, stirred up occasionally by a Department of Transportation regulatory change or fallout from personal auto regulatory issues. Like other lines, it was...
Commercial Lines Auto: A Sleeping Giant Awakens
Feb 10 2003 // The commercial lines auto market used to be a steady line of business, stirred up occasionally by a Department of Transportation regulatory change or fallout from personal auto regulatory issues. Like other lines, it was...
Calif. Commissioner Testifies Before Assembly Insurance Committee
Feb 7 2003 // California Insurance Commissioner John Garamendi testified before the Assembly Insurance Committee recently, discussing the impact of water damage and mold on consumers and the insurance industry. Below is the text of his...
Zurich North America Reports More than Doubling E-Commerce Policies Underwritten in 2002
Feb 4 2003 // Zurich North America Financial Enterprises, a unit of Zurich North America, reported that during 2002 it more than doubled the number of insurance policies it has underwritten to cover e-commerce risks. The doubling of...
A.M. Best Affirms Ratings for Aon’s Underwriting Subsidiaries
Jan 28 2003 // A.M. Best Co. has affirmed the A (Excellent) financial strength ratings of Chicago-based Aon Corporation’s key insurance underwriting subsidiaries and removed the ratings from under review. The ratings were placed...
Fredrik Murer Named as Zurich’s Senior Political Risk Underwriter in London
Jan 22 2003 // Zurich North America and Zurich London Limited, two of the main operating companies of the Swiss-based Zurich Financial Services Group (ZFS) announced that Fredrik Murer has joined the Zurich Emerging Markets group as a...
Monitor Liability Expands to West
Jan 21 2003 // Monitor Liability Managers Inc., a subsidiary of W.R. Berkley Corporation, announced that it will be actively pursuing additional business opportunities in the states of Arizona, Colorado, Idaho, Montana, Nevada, New...
Brown & Brown Sub Acquires Florida Intracoastal Underwriters
Jan 20 2003 // Madoline Corporation, a subsidiary of Brown & Brown Inc. announced it has acquired the remaining 25 percent interest in Florida Intracoastal Underwriters, Limited Company (FIU), held by Trenwick America Reinsurance...
Swiss Re Says Continued Emphasis on Underwriting Essential in ’03
Jan 13 2003 // At Swiss Re’s Year-End Economic and Insurance Industry Review 2002 and Outlook 2003, held mid-December 2002 New York, various speakers discussed the precarious situation most of the world’s major economies and...
FM Global Affirmed
Jan 13 2003 // Fitch Ratings affirmed its “AA-” insurer financial strength ratings on Factory Mutual Insurance Company, Affiliated FM Insurance Company, and Appalachian Insurance Co. collectively (FM Global). The outlook is...
FSA Re-authorizes ACE INA UK to Underwrite Insurance and Reinsurance Business
Jan 9 2003 // The Financial Services Authority, the U.K.’s insurance regulator, has re-authorized ACE INA UK Limited (ACE INA UK), formerly known as Insurance Company of North America (UK) Limited, to underwrite all 18 classes of...
Fitch Downgrades Trio of Kemper Companies Primary Underwriters
Jan 8 2003 // Fitch Ratings has downgraded the insurer financial strength ratings of three primary insurance underwriters of the Kemper Insurance Companies (KIC) to ‘B+’ from ‘BBB’. Additionally, Fitch has...
