All the headlines from our Underwriting Topic Page, ordered by recency.
Mar 1 2012 // State Farm lost $4.5 billion on its property/casualty underwriting in 2011 – which is $1.3 billion more than it lost in 2010. The Bloomington, Illinois-based mutual insurer cited catastrophe claims as the main reason for...
Feb 27 2012 // Warren E. Buffett thinks that among large insurance operations, those owned by his Berkshire Hathaway are the “best in the world.”Buffett is chairman of the board of Berkshire Hathaway, which owns Berkshire...
Feb 27 2012 // Burlington, NC, 02/24/12 – AmWINS Transportation Underwriters is proud to be one of just five MGAs appointed with this ‘A’ XV rated carrier to underwrite this program, which targets above average for-hire...
Feb 24 2012 // CORE Underwriters is seeking partnerships to expand its distribution base across the country after launching its habitational insurance program.The program is available in 46 states and distributed through limited access...
Feb 23 2012 // Bailed-out insurer American International Group reported a $19.8 billion profit for the fourth quarter, after an accounting change that allowed the company to record an enormous one-time benefit.The move, which sent the...
Feb 23 2012 // NAS Insurance Services named Michael Palotay as senior vice president of underwriting. Palotay has been with Encino, Calif.-based NAS since 2009, managing production and strategy for the NAS underwriting department. He...
Feb 23 2012 // By: David Connolly iQ Consulting They are the primary form of communication with our underwriters. They have a substantial impact on our reputation. They are often the difference between winning and losing business. They...
Feb 22 2012 // Hartford Financial Services Group announced three senior management appointments, including Tom Tucker as chief underwriting officer of commercial markets and head of specialty casualty. He will start his post at The...
Feb 22 2012 // The Professional Underwriting Group, Inc. (PUG) will now provide insurance agents and brokers professional liability insurance for insurers earning a rating of “A” or better from Demotech. The insurance...
Feb 16 2012 // The board of directors at Inland Marine Underwriters Association (IMUA) has voted Swiss Re America senior vice president Peter Opinante to assume the chairmanship of the board. Opinante, who served as deputy chair, fills...
Feb 16 2012 // Golf could be called the go-to sport of the insurance industry, so it’s safe to assume that most insurance professionals know what a putter is – a tool for cursing and hurling to the ground after a missed shot,...
Feb 9 2012 // New Berlin, Wis.-based United Heartland has appointed Mary Miller as director of corporate underwriting. Miller recently joined United Heartland and is responsible for the ongoing development of the company’s...
Feb 9 2012 // Agents and brokers have three new options for technology risks from Liberty International Underwriters (LIU).The specialty lines division of Liberty Mutual Insurance has started offering a trio of new primary cyber...
Feb 9 2012 // We frequently hear people ask, “When is the next hard market going to come?” And by that they typically mean double-digit increases in premium growth for a sustained period of time. Of course, no one knows. But...
Feb 7 2012 // A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A’ (Excellent) from ‘A-‘ (Excellent) and issuer credit rating (ICR) to “a” from “a-” of Michigan-based...
Feb 7 2012 // A.M. Best Co. has upgraded the financial strength rating (FSR) to A (Excellent) from A- (Excellent) and issuer credit rating (ICR) to “a” from “a-” of Fremont Insurance Co. (Fremont) of Fremont,...
Feb 6 2012 // Global specialty insurer Torus has appointed Gilles Rousseau as Senior Underwriter, General Property. He is based in Paris and has more than 30 years of underwriting experience, as well as “extensive knowledge of the...
Feb 6 2012 // Jamie Durocher has been promoted to director of business development for Eau Claire, Wis.-based wholesale insurance firm, Scobie Group.Durocher has held the position of marketing representative with Scobie Group since...
Feb 6 2012 // We frequently hear people ask, “When is the next hard market going to come?” And by that they typically mean double-digit increases in premium growth for a sustained period of time. Of course, no one knows. But...
Feb 6 2012 // Marsh & McLennan Companies has appointed AIG executive Julio Portalatin as CEO of Mercer, MMC’s human resource consulting unit. Portalatin succeeds M. Michele Burns who left the firm last October. Portalatin...