Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
RenRe to Buy Nearly 4 million Shares of Platinum Underwriters
Sep 23 2002 // Bermuda-based RenaissanceRe Holdings Ltd. announced that it has reached an agreement with Platinum Underwriters Holdings, Ltd. to purchase 3,960,000 of its common shares in a private placement Platinum was established in...
Berkley Corp. Forms Underwriting Management Group
Sep 16 2002 // W. R. Berkley Corporation announced the formation of B F Re Underwriters, LLC, an underwriting management group specializing in the underwriting of casualty facultative reinsurance on a direct basis. Daniel Avery, who was...
UNDERWRITING SECRETS REVEALED
Sep 16 2002 // The National Association of Insurance Women-San Antonio and the Independent Insurance Agents of San Antonio are jointly sponsoring “Underwriting for Non-Underwriters,” a seminar to be held October 2 in San...
Allied World Names Sr. Underwriter, Asst. VP
Sep 10 2002 // Bermuda-based Allied World Assurance Company (AWAC) announced that Scott Carmilani has been named to the position of Senior Underwriting Officer and that Leon L. Bascome has been appointed to the position of Assistant VP,...
Underwriting Seminar for Non-Underwriters to be Held in San Antonio
Sep 4 2002 // The National Association of Insurance Women-San Antonio and the Independent Insurance Agents of San Antonio announced a jointly sponsored “Underwriting for Non-Underwriters” seminar to be held Oct. 2, in San...
NAII Urges WV. DOI To Preserve Use Of Credit In Underwriting, Rating
Sep 4 2002 // The West Virginia Department of Insurance’s informational letter addressing credit-based insurance scoring in personal lines would severely restrict the use of a proven underwriting and rating tool, according to the...
Chicago Board of Underwriters to Host 154th Annual Luncheon Meeting
Aug 30 2002 // The Chicago Board of Underwriters announced that the it will hold its 154th Annual Meeting and Luncheon on Wednesday, September 18, 2002 at the Union League Club of Chicago. The event will include a keynote address and...
E-Commerce Capabilities Becoming Critical Industry Tool
Aug 19 2002 // As wholesalers and managing general agents (MGA’s), we often serve our insurance retailers by offering contract programs where we have been “given the pen” and are allowed to underwrite and bind business...
E-Commerce Capabilities Becoming Critical Industry Tool
Aug 19 2002 // As wholesalers and managing general agents (MGA’s), we often serve our insurance retailers by offering contract programs where we have been “given the pen” and are allowed to underwrite and bind business...
Acceptance Companies Notes Loss
Aug 14 2002 // Iowa-based Acceptance Insurance Companies Inc. announced a net after-tax loss of $5.2 million, or $0.36 per share, for the three months ended June 30, 2002. This compares with a net after-tax loss of $888,000, or $0.06 per...
XML Provides the Missing Link for SEMCI
Aug 13 2002 // Agents have faced the problem ever since insurance companies first introduced applications. Each company had its own form, so the agent who wanted to submit the same account to several underwriters had to write the same...
Argonaut Reports $6M in Quarterly Net Income
Aug 8 2002 // Texas-based Argonaut Group Inc., a specialty insurer, announced financial results for the three- and six-month periods ending June 30. In addition, the company’s board of directors declared a regular quarterly cash...
Lloyd’s Hardy Underwriting to Boost Capacity for 2003
Aug 7 2002 // A.M. Best reported that one of Lloyd’s managing agencys, Hardy Underwriting Group plc, has been approved to increase the underwriting capacity of its syndicate 382 to 100 million pounds ($1 = 0.64 pounds) for the...
Programs, Beacons of Stability in Tumultuous Markets
Aug 5 2002 // Now that the hard market has firmly set, it’s no secret that more and more standard property and casualty insurance carriers are seeking to stem losses by restricting coverage and revamping underwriting habits. As in...
Programs, Beacons of Stability in Tumultuous Markets
Aug 5 2002 // Now that the hard market has firmly set, it’s no secret that more and more standard property and casualty insurance carriers are seeking to stem losses by restricting coverage and revamping underwriting habits. As in...
Zurich North America Develops Alliance with Americana Program Underwriters
Jul 30 2002 // Zurich North America has formed a strategic alliance with Americana Program Underwriters to introduce the PhysiciansProUSA program, offering property and casualty and selected professional liability...
Surplus Lines, The Industry’s Safety Valve
Jul 22 2002 // It is a rare occurrence today, but not so long ago tying down the safety valve was viewed as an acceptable way to improve a steam boiler’s performance when demand peaked. The objective was to increase the...
Diem Named President of Berkley Underwriting Partners
Jul 17 2002 // W. R. Berkley Corporation appointed John S. Diem as the president of its subsidiary, Berkley Underwriting Partners, LLC, a management company that oversees managing general underwriter (MGU) program business. Diem, 55, has...
ISO Reports Record 2001 Underwriting Losses, Poor Investment Results behind PnC Industry’s First-Ev
Jul 10 2002 // The property/casualty insurance industry recorded its first-ever net loss after taxes in 2001, stemming from sharply higher underwriting losses and substantial deterioration in investment results, according to Insurance...
As Hard Market Persists, E&S Brokers Wait For The Right Opportunity
Jul 8 2002 // Last January separate panels of analysts who follow the insurance industry and CEO’s of insurance companies predicted a “foreshortened” cycle, a brief hard market that would give insurers little relief...
