All the headlines from our Underwriting Topic Page, ordered by recency.
Apr 6 2009 // The Professional Insurance Agents of Connecticut Inc. (PIACT) elected new officers. They are: President James Goodman, who is president of Goodman Insurance Inc. in Shelton; President-elect Howard Olderman, who is...
Apr 6 2009 // Most insurance professionals detest a soft market because of the increase in competition, unreasonably low pricing and increased market vulnerability. Some, however, may appreciate a softening precisely because of the...
Apr 6 2009 // Most insurance professionals detest a soft market because of the increase in competition, unreasonably low pricing and increased market vulnerability. Some, however, may appreciate a softening precisely because of the...
Apr 6 2009 // Most insurance professionals detest a soft market because of the increase in competition, unreasonably low pricing and increased market vulnerability. Some, however, may appreciate a softening precisely because of the...
Apr 6 2009 // Most insurance professionals detest a soft market because of the increase in competition, unreasonably low pricing and increased market vulnerability. Some, however, may appreciate a softening precisely because of the...
Apr 6 2009 // Most insurance professionals detest a soft market because of the increase in competition, unreasonably low pricing and increased market vulnerability. Some, however, may appreciate a softening precisely because of the...
Apr 6 2009 // Even for established companies with proven track records, the current directors and officers (D&O) insurance market is challenging. For early-stage companies, present underwriting practices for D&O insurance...
Mar 27 2009 // Lloyd’s announced that Tom Bolt has been appointed as the new Underwriting Performance Director, effective early this fall. He will take over from Rolf Tolle who will retire at the end of the year.Bolt has more than...
Mar 23 2009 // Swett & Crawford appointed Robert Peterson as program manager for a new product, the Swett & Crawford Program for Contractors Auto, to be marketed with its carrier partner, Travelers Companies Inc.Before joining...
Mar 20 2009 // Bermuda-based Ironshore Inc. has appointed Susan Kostro as vice president in charge of running its newly created Program underwriting facility. Kostro, who will be based in Boston, will develop and manage Program business,...
Mar 16 2009 // Florida-based Main Street America Group reported it achieved a $43.6 million underwriting profit in 2008, the largest in its 85-year history and 38 percent higher than its 2007 underwriting profit of $31.7 million.The...
Mar 13 2009 // Beazley Group plc, an insurer of construction and engineering risks in the Lloyd’s market, has established a builders risk and engineered risk capability in the United States.Builders risk, commonly known as...
Mar 4 2009 // A.M. Best Co. said it is “maintaining a stable outlook in 2009 for the global reinsurance sector for the third consecutive year. This current outlook implies that the majority of 2009 reinsurer rating actions are...
Feb 27 2009 // The net worth for the State Farm group decreased in 2008 by $10.4 billion to end the year at $53.3 billion, the company reported.The primary reason for the decrease was the $9.2 billion decline in the value of the...
Feb 25 2009 // SeaBright Insurance Holdings Inc., based in Seattle, Wash., reported net income for the fourth quarter 2008 increased 2.3 percent year-over-year, to $10.2 million compared to net income of $10.0 million for the same period...
Feb 12 2009 // Standard & Poor’s Ratings Services has affirmed its ‘BBB+’ counterparty credit rating on XL Capital Ltd. and its ‘A’ counterparty credit and financial strength ratings on XL’s core...
Feb 11 2009 // PGI Commercial has acquired the assets of Underwriters & Brokers, Inc. of Troy, Michigan. PGIC said it will merge the platform and staff of UBI with its existing Michigan office. Underwriters & Brokers, Inc....
Feb 10 2009 // Bermuda-based AXIS Capital Holdings Limited reported net income for the fourth quarter of 2008 of $131 million, or $0.88 per diluted common share, compared with net income of $306 million, or $1.89 per diluted common...
Feb 10 2009 // Catastrophe risk and cat modeling firm, Karen Clark & Co., launched a new software product that helps insurance companies collect and analyze data from property inspections.The application, RiskRover, is designed to...
Feb 5 2009 // Catlin Group Ltd., an international specialty property/casualty insurer and reinsurer, reported that W. Brown & Associates Insurance Services will underwrite general aviation insurance for clients nationwide on behalf...