All the headlines from our Underwriting Topic Page, ordered by recency.
Sep 16 2010 // Private U.S. property/casualty insurers’ net income after taxes rose to $16.5 billion in first-half 2010 from $6 billion in first-half 2009, with insurers’ overall profitability as measured by their annualized...
Sep 15 2010 // A.M. Best Co. has downgraded the financial strength rating (FSR) to ‘A-‘ (Excellent) from ‘A’ (Excellent) and the issuer credit rating (ICR) to “a-” from “a” of Macau...
Sep 14 2010 // Lloyd’s has recreated its underwriting room in Dublin in the first event of its kind seen in Ireland. The unusual event “allowed representatives from the Irish and Lloyd’s markets to discuss their...
Sep 6 2010 // Last month, InsuranceJournal.com published a New York Times report that a Major League Baseball investigation into leaked financial documents had become focused on insurance companies that do business with clubs. The Times...
Sep 6 2010 // Last month, InsuranceJournal.com published a New York Times report that a Major League Baseball investigation into leaked financial documents had become focused on insurance companies that do business with clubs. The Times...
Aug 25 2010 // James Stegemiller has been appointed Commercial Underwriting officer for CNA’s San Francisco territory. In this role, Stegemiller will work collaboratively with branch vice presidents and business development leaders...
Aug 23 2010 // Pacific Pioneer Insurance Group, the parent company of UCA General Insurance and Pacific Excess Insurance, has acquired Priority Insurance Underwriters. Located in Arizona, PIU is a wholesale broker that does business...
Aug 20 2010 // U.S. Risk Insurance Group Inc. named Mike Mullens a vice president and senior underwriter in the U.S. Risk Underwriters Inc. Dallas office. Mullens will head up the U.S. Risk newly formed social services program...
Aug 20 2010 // The Excess and Surplus Lines segment of Argo Group International Holdings, Ltd. has appointed Michael Fleischer as E&S segment chief underwriting officer. Fleischer will work closely with E&S segment businesses...
Aug 16 2010 // Insurance brokerage Marsh appointed Ron Marx as a senior vice president in its San Diego office. Marx brings 30 years of risk management and insurance experience to Marsh. He joins the company from Willis, where he led the...
Aug 16 2010 // Insurance brokerage Marsh appointed Ron Marx as a senior vice president in its San Diego office. Marx brings 30 years of risk management and insurance experience to Marsh. He joins the company from Willis, where he led the...
Aug 11 2010 // Petersen International Underwriters main product line up, the Bridge Plan, is now renewable annually without any additional health qualifications on each anniversary date.“This plan is now guaranteed to renew without...
Aug 9 2010 // Specialty insurance company Markel Corp. reported that its combined ratio for the second quarter of 2010 was 103 percent, compared to 99 percent for the second quarter of 2009. The combined ratio was 102 percent for the...
Aug 9 2010 // Warren Buffett’s Berkshire Hathaway Inc. said Friday second-quarter profit fell 40 percent, as declining stock prices depressed the value of his derivative contracts.Operating profit nevertheless soared 73 percent,...
Aug 9 2010 // Net income doubled in 2009 over 2008 for a composite of 195 U.S. captive insurers followed by A.M. Best Co., driven by the recovery of the industry’s investments. Realized capital gains totaled $82 million for 2009,...
Aug 9 2010 // The San Diego Chapter of the Chartered Property Casualty Underwriters (CPCU) Society installed new 2010-2011 officers and directors. Officers include: President Susan McFarland of Cavignac & Associates; President Elect...
Aug 5 2010 // The Bond Division of Great American Insurance Group, headquartered in Cincinnati, Ohio, announced the launch of mySurety, a commercial surety online underwriting and bond issuance system, a Web-based platform for agents to...
Aug 5 2010 // Monarch E&S Insurance Services has hired Debbie Perry as a senior commercial underwriter to work out of its new Arizona office. She will write business in Arizona, Nevada and Hawaii. Perry started in the insurance...
Aug 5 2010 // In the wake of the BP oil disaster, more than 50 U.S. and other environmentally-active global investors have sent letters to major energy companies asking them to disclose information on their spill prevention and response...
Aug 4 2010 // Insurance rates in the power sector are expected to soften further in 2010, despite the existence of many of the conditions that would normally presage a hardening market, according to the latest Power Market Review from...