All the headlines from our Underwriting Topic Page, ordered by recency.
Nov 4 2013 // Specializing is one way to get ahead in today’s insurance world. But becoming an expert comes with its own share of risks.Phrases such as “expert” or “specialist” have the potential to raise...
Oct 31 2013 // David Howden, the chief executive of the London-based Hyperion Insurance Group, founded the company in 1994, “as a business to take on wholesale products in the international market,” he explained in a...
Oct 30 2013 // Liberty Mutual Holding Co. Inc. today reported net income of $481 million for its 2013 third quarter, a 3.4 percent jump from $465 million profit reported one year ago, reflecting improved core underwriting...
Oct 28 2013 // The London-based Hyperion Insurance Group, an international insurance intermediary, announced its intention to expand its underwriting agency business in the U.S. through the acquisition, by its subsidiary DUAL, also based...
Oct 28 2013 // UK-based Castel Underwriting announced the launch of a “new club style MGA formation platform that provides experienced and entrepreneurial underwriters with stable capacity and a fast-track route to creating their...
Oct 24 2013 // Chesapeake Employers’ Insurance Company, formerly IWIF, recently announced that Joanne Dreher has been promoted to director of underwriting.Joanne DreherIn this new position, Dreher is responsible for the operational...
Oct 24 2013 // ACE Limited reported net income for the quarter ended September 30, 2013, of $916 million, $2.66 per share, compared with $640 million, $1.86 per share, for the same quarter last year. Operating income was $857 million,...
Oct 23 2013 // The Target Markets Program Administrators Association (TMPAA) released the results of its annual research to document the size, characteristics, growth and other base-line information about the program insurance market....
Oct 22 2013 // The Travelers Companies Inc. today reported its third-quarter net income of $864 million, unchanged from the same period a year ago. Travelers showed a larger underwriting gain compared to last year, but the results were...
Oct 16 2013 // Hiscox, the international specialist insurer, today announced that Angela Adams has been appointed as vice president, general liability underwriting leader, for Hiscox USA based out of the company’s New York...
Oct 15 2013 // The Arkansas Insurance Department announced that members of the Arkansas Rural Risk Underwriting Association will be assessed $200 this year for the expense of mailing volunteer fire department renewal subscription...
Oct 10 2013 // First Light Program Managers of Dania, Florida, said it has acquired substantially all of the assets of wholesale broker Frontline Underwriters Inc. of Madison, Mississippi. Details of the transaction were not...
Oct 10 2013 // Dania, FL, 10/10/13 – Anthony L. Johnson, Chief Executive Officer of First Light Program Managers, Inc. and Gregory B. Crotty, President of Frontline Underwriters, Inc. of Madison, Mississippi announced today that...
Oct 7 2013 // Philadelphia Insurance Companies announced the hiring of Kurt D. Hines as senior vice president of field underwriting. He is based in the company’s Bala Cynwyd, Penn., headquarters.Kurt D. HinesHines will be...
Oct 7 2013 // John A. Miklus has been named the new president of the American Institute of Marine Underwriters (AIMU), the trade association representing the U.S. ocean marine insurance market. Miklus succeeds James M. Craig, president...
Oct 3 2013 // Private U.S. property/casualty insurers’ net income after taxes rose to $24.5 billion in first-half 2013 from $17.2 billion in first-half of last year.Insurers’ overall profitability as measured by their...
Oct 1 2013 // Florida homeowner insurer Heritage Property & Casualty Insurance has named Mel Russell as its new chief underwriting officer, executive vice president and director of Sales and Marketing. Russell has 36 years of...
Sep 25 2013 // Bank of America Corp.’s Countrywide unit placed profits over quality in a “massive fraud” selling shoddy mortgages to Fannie Mae and Freddie Mac, a U.S. government lawyer said on Tuesday.The claim came at...
Sep 24 2013 // Ironshore International has appointed Astrid O’Reilly to write Mergers & Acquisitions (M&A) insurance lines, based in its Singapore office. She will oversee Ironshore’s M&A insurance offerings and...
Sep 18 2013 // MarketScout, an insurance distribution and underwriting company headquartered in Dallas, Texas, has expanded its commercial insurance specialty program underwriting practice with the addition of Jackie Bourret as vice...