All the headlines from our Underwriting Topic Page, ordered by recency.
Jan 23 2013 // GMI Insurance, a Valley Forge, Penn.-based managing general agency specializing in commercial transportation exposures, named Angela Milks as its underwriting director. Milks has more than a decade of experience writing...
Jan 22 2013 // The Travelers Companies Inc. today reported net income of $304 million for the 2012 fourth quarter, down 51 percent compared to $618 million net income posted during the same period in 2011.Still, the 2012 full-year net...
Jan 16 2013 // Liberty International Underwriters (LIU), part of the Global Specialty unit of Liberty Mutual Insurance, has brought on Robert Rokicki, P.E., as senior vice president of oil, gas, petrochemical and chemical (OGPC)...
Jan 15 2013 // Transportation specialist Trinity Underwriting Managers Inc. (TUMI), based in Pooler, Georgia, has named Stephen Standing as senior vice president.Standing started his professional life in 1996 as an underwriter for...
Jan 14 2013 // A bill passed during the 2011 session of the Texas Legislature is creating havoc for some independent insurance agents in the state.House Bill 3410 creates a definition of a managing underwriter, and addresses the filing...
Jan 11 2013 // Although analysts following the property/casualty insurance industry expect underwriting results for 2012 to be better than 2011 when full-year numbers are tallied, double-digit overall returns-on-equity are still not...
Jan 11 2013 // Bermuda-based Ironshore Europe Ltd. (IEL) announced that Paul Calnan has been named Senior Vice President Global Offshore Energy, responsible for expanding the Global offshore energy business throughout Ironshore...
Jan 10 2013 // Lloyd’s insurer Ascot Underwriting Ltd. announced the appointment of John Pilkington as Head of Casualty, effective February 4, 2013, and subject to regulatory approval. He has more than 25 years’ underwriting...
Jan 8 2013 // Scottsdale Insurance Co. named Steve Franke as vice president of contract underwriting for the Western region. Franke will oversee the Northwest, Southwest and Pacific regions. He will report to Gary Tiepelman, senior vice...
Jan 8 2013 // Houston International Insurance Group (HIIG) has reorganized ts domestic underwriting operations, which going forward will be re-branded under the symbol HIIG.The following divisions have been created: HIIG Construction...
Jan 4 2013 // Texas-based RSI International Inc. announced that Brian Bridges has joined the firm in the role of commercial underwriter. Bridges brings 10 years’ experience in commercial property/casualty insurance, specializing...
Dec 31 2012 // There is a strain of thinking that says generalists can adapt and survive in most environments whereas specialists are more at the mercy of their environment.That may be the case for some species but it’s...
Dec 28 2012 // Before Hurricane Sandy hit, private U.S. property/casualty insurers’ net income after taxes grew to $27 billion in nine-months 2012 from $8.4 billion in nine-months 2011.Insurers’ overall profitability as...
Dec 20 2012 // XL Group plc’s North American marine business is expanding its blue water hull risk management capabilities in New York with the addition of Siobhan Coen and Jeff Loechner as senior underwriters and Eileen Fellin as...
Dec 20 2012 // Kenneth J. Berger has been named president of Berkley Specialty Underwriting Managers LLC. The appointment is effective immediately.Berger succeeds Steven S. Zeitman, who has been appointed chairman and will remain chief...
Dec 20 2012 // A.M. Best Co. has downgraded the issuer credit ratings (ICR) to “a” from “a+” and affirmed the financial strength rating (FSR) of A (Excellent) of Grinnell Mutual Reinsurance Co. (Grinnell) and its...
Dec 19 2012 // Specialty insurer Markel Corp. has agreed to acquire Alterra Capital Holdings Ltd. for $3.1 billion in cash and stock to increase business diversification and expand into reinsurance.The two companies announced Wednesday...
Dec 18 2012 // Talbot Underwriting Ltd., a wholly owned subsidiary of Validus Holdings, Ltd., announced the appointment of Thomas Schild as Vice President, Political Risk Underwriter of Talbot Underwriting Services (US) Ltd. Talbot...
Dec 17 2012 // A.M. Best Co. has affirmed the financial strength rating (FSR) of’ A+ (Superior) and issuer credit ratings (ICR) of “aa-” of the property/casualty members of Berkley Insurance Group – Admiral...
Dec 17 2012 // Although analysts following the property/casualty insurance industry expect underwriting results for 2012 to be better than 2011 when full-year numbers are tallied, double-digit overall returns-on-equity are still not...