All the headlines from our Underwriting Topic Page, ordered by recency.
May 27 2015 // Most of my insurance career has been on the agency side, but I have also worked on the insurance carrier side. What I learned is that clearly neither side knows what the other side deals with on a daily basis. Agents think...
May 26 2015 // Analysts who predicted the U.S. property/casualty industry would have a tough time topping its 2013 results in 2014 were largely correct as there was some slippage.However, while property/casualty insurers were not as...
May 21 2015 // Portage, MI.-based J.M. Wilson has promoted Jennifer Councell to fleet transportation underwriter. Councell is responsible for quoting new and renewal business for independent insurance agents in 21 states. Councell has...
May 21 2015 // Ascot Underwriting Ltd. has formed Renewco Consortium (ReCo), a dedicated and independent underwriting platform for the renewable energy industry.The Lloyd’s consortium is jointly led by Ascot and Chaucer and managed...
May 21 2015 // To review prior articles, links are here for Part I, Part II, and Part III.What the Insured Said Let’s bring this discussion back full circle to discuss what happened. What did the insured actually mean by “We...
May 21 2015 // A.M. Best has upgraded the issuer credit ratings (ICR) to “a+” from “a” and affirmed the financial strength rating of A (Excellent) of Medical Mutual Insurance Company of North Carolina (Medical...
May 20 2015 // CNA Hardy has appointed Clive Magnus as senior underwriter for energy, reporting to Carl Day, head of energy and marine.Magnus’ appointment follows a string of senior hires in the energy and marine team, including...
May 20 2015 // Orchid Underwriters Insurance Agency, LLC, a specialty underwriter of property insurance focusing on coastal properties, has named Lynda Butler as chief financial officer. She will also become a member of the Executive...
May 19 2015 // ANV Holdings has unveiled a new consumer products team within Lloyd’s Syndicate 5820, reporting to Bruce Whitmee, who was recently appointed active underwriter (subject to regulatory approval).Based in London, the...
May 19 2015 // ACE Group appointed Ashwin Kapoor as terrorism and political violence underwriter as it continues to invest in building its specialist insurance capabilities around the world.Reporting to Piers Gregory, terrorism...
May 18 2015 // Three insurance professionals with experience in the high-net-worth customer segment have joined Chubb Personal Insurance (CPI).Jennifer Celmer, Robert Haibi and Eric Shanks have been appointed to management roles at Chubb...
May 18 2015 // MSIG at Lloyd’s, the international specialty arm of Mitsui Sumitomo Insurance Group, has appointed Martin Eyres as property underwriting manager and promoted Andrew Dougall as head of property and casualty.Eyres, who...
May 18 2015 // The American Association of Managing General Agents (AAMGA) expanded its membership again in 2015 with the addition of eight new organizations, all based in Canada.The Canadian organizations sought to become part of the...
May 18 2015 // The U.S. property/casualty insurance industry posted its second consecutive year of profitable underwriting results in 2014, according to A.M. Best.Surplus for this sector increased by $21.9 billion and reached another...
May 15 2015 // A.M. Best has revised the outlook to positive from stable for the issuer credit rating (ICR) of MGA Insurance Co. Inc. (MGA) in Dallas and affirmed its ICR of “bbb.”Concurrently, A.M. Best has affirmed the...
May 14 2015 // AEGIS London has appointed Dan Rouse as casualty underwriter. He joins from broker Howden.Rouse will join the established team of London-based underwriters writing an international book of business, excluding...
May 14 2015 // The Lloyd’s Market Association (LMA) has announced six newly elected board members. They are: Andrew Brooks, CEO, Ascot Underwriting Stephen Eccles, active underwriter, Travelers Syndicate Management Richard Harries,...
May 13 2015 // The Inland Marine Underwriters Association (IMUA) recently elected its slate of officers for 2015. Michelle Hoehn, The Travelers Group, was re-elected as IMUA chairperson. Also re-elected were Deputy Chairperson William...
May 13 2015 // AAIS’s Flood Coverage Endorsement“Flood” becomes a covered cause of loss by attachment of AAIS’s Flood Endorsement CO 1223 (The Flood Endorsement specifically designed for the COP XL is...
May 12 2015 // A string of recent major natural catastrophe events in Australia is expected to materially affect non-life insurers’ upcoming earnings for the fiscal year that ends June 30, 2015, according to an A.M....