Latest Underwriting Headlines

All the headlines from our Underwriting Topic Page, ordered by recency.

CNA Appoints Middle Market Underwriting Director for Philadelphia Branch

Jun 4 2014 // Lori FellerCNA Financial Corporation has appointed Lori Feller as middle market underwriting director for the company’s Philadelphia branch. Feller joined CNA in 2006. Most recently she served as middle market...

Inland Marine Underwriters Elect Hoehn of Travelers as Chair

Jun 4 2014 // The Inland Marine Underwriters Association (IMUA) elected officers and board members at its annual meeting in Austin, Tex.Michelle Hoehn, The Travelers Group, was inaugurated as IMUA’s new chairperson replacing Peter...

Minova Insurance Launched with Capital Z Partners’ Investment

Jun 3 2014 // Minova Insurance Holdings Ltd. announced its official launch, as well as the completion of the previously announced investment by Capital Z Partners, raising $50.7 million. Minova Insurance replaces BMS Associates as the...

Patriot Underwriters Partners with Scottsdale to Offer Workers Comp Coverage

Jun 2 2014 // Patriot Underwriters, Inc. (PUI), a provider of workers’ compensation insurance products headquartered in Fort Lauderdale, Fla., has partnered with Scottsdale Insurance Co. to serve as a program administrator with...

Best Affirms Fairfax Financial and Subs Ratings; Outlooks Stable

Jun 2 2014 // A.M. Best has affirmed the issuer credit rating (ICR) of “bbb” and the unsecured debt and preferred equity ratings of Toronto-based Fairfax Financial Holdings Limited.Best also affirmed the financial strength...

Union Mutual of Vermont Cos. Names Director of Commercial Lines Underwriting

May 30 2014 // Geoffrey J. SmithUnion Mutual of Vermont Companies has hired Geoffrey J. Smith as the director of commercial lines underwriting. He is based in Montpelier, Vermont. Smith has over 27 years of experience underwriting and...

XL Adds 4 to East Coast Excess Casualty Teams

May 29 2014 // XL Group has enhanced its excess casualty teams in New York and Atlanta to accommodate its continued growth and sharpened focus on target industries – real estate, hospitality, grocers, restaurants and retail.In New...

Liberty Mutual Names Sr. Underwriting Manager for Excess Casualty in Northeast

May 28 2014 // Keith PooporLiberty Mutual Insurance’s Specialty Excess Casualty operation has appointed Keith Poopor as senior underwriting manager for excess casualty in the Northeast. In his new role, Poopor will lead the...

Best Upgrades Travelers and Most Subs Ratings; Outlooks Stable

May 27 2014 // A.M. Best has upgraded the financial strength rating (FSR) to ‘A++’ (Superior) from ‘A+’ (Superior) and the issuer credit ratings (ICR) to “aa+” from “aa” of the...

OnPoint Underwriting Offers New Managed Healthcare Program with Everest Re Group

May 19 2014 // May 19, 2014 – Denver, CO – OnPoint Underwriting (OnPoint) and Everest Re Group, Ltd. (NYSE:RE) announced a new relationship with Everest Reinsurance Accident and Health for the underwriting and management of HMO...

People

May 19 2014 // FrankCrum, a national professional employer organization, added Rodney Vaughn as broker manager, responsible for increasing the company’s presence in Texas, and forging relationships with insurance agents and...

AXIS Names England Chief Underwriting Officer-International

May 12 2014 // Bermuda-based AXIS Capital Holdings Limited announced that Joe England has been appointed Chief Underwriting Officer, International Division at AXIS Insurance, a new position. He will report directly to Mark Gregory, CEO...

Ascot Appoints Fitzpatrick as Executive Underwriter

May 9 2014 // Ascot Underwriting Ltd. announced the appointment of David Fitzpatrick as Executive Underwriter for International Casualty, effective September 2014.He has over 24 years’ underwriting experience and joins Ascot from...

Rockhill Insurance Opens Environmental Office in Chicago

May 8 2014 // Rockhill Insurance Group, a member of the State Auto Insurance Group, has opened a new Chicago office located at 150 S. Wacker, Suite 2400.Christine Triche and Michael Klima join the office as AVP-underwriting director and...

MEMIC Group Appoints Austin to VP of Underwriting Post in Florida

May 7 2014 // Workers’ compensation insurer The MEMIC Group has appointed Tod Austin as a vice president of underwriting. Austin will work out of MEMIC’s Tampa, Florida, office and will oversee production underwriting staff...

Commercial Auto Insurers Still Struggle to Profit: Fitch

May 6 2014 // Commercial automobile insurers reported a third consecutive year of underwriting losses in 2013.According to an analysis by Fitch Ratings, the combined ratio came in at 106 for 2013 compared with 107 for 2012. In a special...

Berkshire Hathaway 1Q P/C Re/Insurance Results Down from Last Year

May 5 2014 // Berkshire-Hathaway’s primary property/casualty operations recorded double-digit gains in premiums and pre-tax earnings in the first quarter, but P/C reinsurance results contributed to a 6.6 percent drop in operating...

Best Affirms State Automobile Mutual and Operating Subs Ratings

May 1 2014 // A.M. Best has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a” of State Automobile Mutual Insurance Company and its operating...

UK Underwriter APC Forms Professional Indemnity Team; Launches New Products

May 1 2014 // UK-Based commercial insurance underwriting agency APC announced the launch of its dedicated Professional Indemnity (PI) underwriting team and an expanded Professional Indemnity portfolio of products.“The new team...

ACE Limited Reports $734 Million Q1 Net Income; $777 Million Operating

Apr 30 2014 // ACE Limited report first quarter, 2014 net income of $734 million, compared to $953 million in Q1, 2013. The decrease came from the capital gain/loss side of the ledger. ACE posted a $207 million capital gain in Q1, 2013,...