All the headlines from our Underwriting Topic Page, ordered by recency.
Oct 18 2010 // Sean McGovern now heads Lloyd’s operations in the U.S. and Canada – the first and third largest sources of business for its underwriters. Lloyd’s not only wants to hold on to that business, but also to...
Oct 18 2010 // Insurance broker Marsh has added five industry veterans – four from competing broker Aon – to its private equity and mergers and acquisitions practice. James O’Brien, Jason Hawkins and Craig Warnke join...
Oct 14 2010 // ACE Global Markets (AGM) announced key appointments as part of a restructuring of its Marine team in London, as follows:Mike Reynolds has been promoted to Class Underwriter for the Marine Hull and Marine Liability Account....
Oct 8 2010 // Griffin Underwriting Services of Bellevue, Wash., has added Carrie Wray as a property/casualty underwriter in the company’s Portland, Ore., office. Wray will be responsible for underwriting and marketing contract...
Oct 7 2010 // Standard & Poor’s Ratings Services has raised its counterparty credit and financial strength ratings on American Financial Group’s (AFG) core insurance subsidiaries to ‘A+’ from...
Oct 7 2010 // Chicago-based CNA has named Jeff Day as vice president of Underwriting for its Specialty Lines Group. In this role, Day has responsibility for the global insurer’s Accountants Professional Liability program. Day has...
Oct 4 2010 // New Jersey-based wholesaler Crump Property & Casualty Insurance Services Inc. has acquired Target Underwriting Management Corp., a managing general underwriter and program administrator headquartered in Connecticut.The...
Oct 4 2010 // Freedom Specialty Insurance Co. recently partnered with MGIS Underwriting Managers, Inc. (MGIS) to offer medical-professional liability insurance, a specialized policy built exclusively for physicians. The Freedom policy...
Oct 4 2010 // As underwriters, syndicates are the heart of the Lloyd’s market. Until the end of the 20th century they were largely funded by wealthy individuals, who pledged their fortunes to back the risks accepted by the...
Sep 30 2010 // Five Star Specialty Programs, a division of Crump Insurance Services Inc. and part of Crump Group Inc., announced it is launching a new health care practice based in Sacramento, Calif. The practice, known as Five Star...
Sep 24 2010 // Lloyd’s insurer Chaucer has outlined its plans for the launch of a new International Liability Division by the end of the year, according to a bulletin on the Lloyd’s web site. “The move follows a series...
Sep 17 2010 // Wilson Smith Group LLC announced that Gary Cooper has joined the group’s Texas operation, WSG Specialty Underwriters, as senior vice president. Cooper brings an extensive insurance background in retail and wholesale...
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...