All the headlines from our Underwriting Topic Page, ordered by recency.
Jan 9 2012 // Connecticut insurance department amended its coastal underwriting guidelines last month to clarify when hurricane deductibles can be applied. Regulators have been working on making the changes in the wake of criticisms...
Jan 4 2012 // Arizona-based national insurer Nautilus Insurance Group announced two promotions. Raymond J. Hall has been promoted to vice president of marketing. Hall joined Nautilus in 2009, most recently serving as assistant vice...
Jan 4 2012 // lloyd’s insurer Ascot Underwriting Ltd. announced that it has formed the Strategic Power Consortium, which it described as a “dedicated technical underwriting vehicle for the power and utilities...
Jan 3 2012 // Minnesota-based Austin Mutual Insurance Co. has promoted Kody Kirkendall to director of commercial lines underwriting. Kirkendall will continue to oversee the agribusiness division underwriting and will add Austin...
Dec 27 2011 // Private U.S. property/casualty insurers’ net losses on underwriting grew to $34.9 billion in nine-months 2011 from $6.3 billion in nine-months 2010. The combined ratio deteriorated to 109.9 percent for nine-months...
Dec 22 2011 // Enrollment in commercial health insurance in Florida was down 4.3 percent in 2010, the fifth straight year it has dropped.The annual report of the Florida Health Care Insurance Advisory Board shows that total enrollment in...
Dec 22 2011 // The Protection & Indemnity (P&I) market “delivered a blockbuster financial performance last year,” according to a report from Willis. However, the report also found that P&I Clubs are “faced...
Dec 21 2011 // In a brief statement, issued by its office in Dublin, Beazley plc confirmed that it is to undertake a strategic review of the business of Hardy Underwriting Bermuda Limited. The statement followed the announcement by the...
Dec 20 2011 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit rating (ICR) of “aa-” of Lloyd’s Syndicate 2001, which is...
Dec 16 2011 // Itasca, Ill.-based Euclid Insurance Services Inc. (Euclid) has hired Daniel Aronowitz and four other nationally recognized specialty insurance experts to form Euclid Specialty Managers LLC (Euclid Specialty).Euclid...
Dec 15 2011 // Fitch Ratings said in its new 2012 outlook report that the P/C insurers’ capital position remains strong. It observed that most P/C insurers have sufficient capital to manage through significant future adversity.The...
Dec 13 2011 // With inadequate pricing levels for commercial lines, low interest rates and severe catastrophe losses, it’s high time insurers focus on underwriting discipline, said a veteran insurance executive.Mario Vitale,...
Dec 13 2011 // The Florida Underwriter magazine has published its last issue.“Unfortunately, the double demons of our state’s falling economy and the dominance of the Internet over print products have brought us to this...
Dec 12 2011 // Connecticut insurance department announced that it has updated its coastal underwriting guidelines to clarify when hurricane deductibles can be applied.The hurricane deductible issue has been in the spotlight in wake of...
Dec 12 2011 // Agents who use an organized, straightforward method when submitting program business to market will benefit by gaining faster response times from carriers and the potential to create new programs.Kenneth Robinette, of...
Dec 9 2011 // Property/casualty insurance is noted for the sharp rise and fall of its rates – the underwriting cycle. As actuaries have developed more sophisticated statistical and computer models to help understand complex insurance...
Dec 7 2011 // CNA Financial Corporation appointed Charles O’Donnell as commercial underwriting officer for its Boston branch office.In this position, O’Donnell will add local underwriting leadership and technical...
Dec 5 2011 // Susan Gropp has been elected president of the Texas Surplus Lines Association Inc. Gropp is executive vice president of Arcana Insurance Services in Dallas.Other newly elected officers include: Vice President Kathy van...
Dec 5 2011 // Torus announced that it has entered into an agreement with Starr Underwriting Agents Limited whereby Torus Syndicate 2243 acquires the renewal rights to CV Starr Syndicate 1919’s Continental European Marine,...
Dec 5 2011 // London-based specialist underwriting agency DUAL Corporate Risks announced that it has entered into a strategic partnership with Aspen Managing Agency Limited (Syndicate 4711) and Pembroke Managing Agency Limited...