Latest Underwriting Headlines

All the headlines from our Underwriting Topic Page, ordered by recency.

Huebel Named Catlin Canada Chief Underwriter

Jan 7 2009 // Catlin Canada Inc., the Canadian operating unit of the Bermuda-based Catlin Group Limited, announced that David Huebel joined the company on January 5, 2009, as Chief Underwriting Officer.He will be based in the Toronto...

Williams Promoted to Commercial Underwriter at First Premium

Jan 6 2009 // Covington, La.-based First Premium Insurance Group Inc., a growing regional property and casualty insurance broker and certified managing general agent, has promoted Kellie Williams to commercial underwriter. Kellie first...

HCC Acquires Massachusetts-Based Lumber Underwriter, VMGU Insurance

Jan 6 2009 // Houston-based specialty insurer HCC Insurance Holdings, Inc. has acquired VMGU Insurance Agency, an underwriter of the lumber, building materials, forest products and woodworking industries.The acquisition, along with...

Validus Enters Technical Lines Property Coverage with New Underwriter

Dec 23 2008 // Bermuda-based Validus Holdings, Ltd. announced today that it is expanding its business into Technical Lines Property insurance through the creation of Validus Underwriting Risk Services Inc. (VURS), a managing general...

Agents’ Wish List for Carriers in 2009

Dec 21 2008 // The past year has brought down a lot of businesses and people — but not independent insurance agents. They’re still up … for the challenge, for the future, for whatever lies ahead.Many independent agencies...

CRC Insurance to Acquire North Carolina-Based TAPCO Underwriters

Dec 19 2008 // CRC Insurance Services Inc., the wholesale insurance subsidiary of BB&T Corp. principal subsidiary Branch Banking and Trust Co., reports that it plans to acquire TAPCO Underwriters Inc.TAPCO will operate as a division...

Best Upgrades Allianz (US) Ratings to ‘A+’; Affirms Fireman’s Fund

Dec 19 2008 // A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A+’ (Superior) from ‘A’ (Excellent) and the issuer credit ratings (ICR) to “aa” from “a” of Allianz Global...

The Buckner Co. Names Rons Underwriter of the Year

Dec 18 2008 // The Buckner Company, based in Salt Lake City, Utah, named Kimberly Rons, commercial lines senior underwriter for Colorado Casualty, as Underwriter of the Year.The Buckner Company nominated a dozen underwriter finalists...

OnPoint Underwriting To Acquire Commercial Insurance Services

Dec 17 2008 // Atlanta-based OnPoint Underwriting has acquired the assets of Commercial Insurance Services, based in Greenwood Village, Colo. Terms of the transaction were not disclosed. Commercial Insurance Services is led by Bob...

Industry Profits Dove Massively through First Nine Months of 2008

Dec 16 2008 // After-tax profits for the U.S. property and casualty industry through the first nine months of the year were $4.1 billion — a 91.8 percent decline from the $50 billion in profits earned the same period a year ago,...

Best Affirms Amlin and Lloyd’s Syndicate 2001 Ratings

Dec 3 2008 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a” of Amlin Bermuda Limited (ABL) with a stable outlook.Best also affirmed...

Burns & Wilcox Announces Promotions in Michigan Office

Dec 3 2008 // Burns & Wilcox announces that it has promoted two individuals at its Farmington Hills, Mich. office. Laura Colbert was named director of sales and marketing. She is responsible for developing initiatives that will...

Bryk, McGee, and Hodges Join Dallas-Based MarketScout

Dec 3 2008 // Dallas-based MarketScout has added three new associates to its Workers’ Compensation and Texas Specialty Underwriting Division.Rachael Bryk joins MarketScout as underwriter after seven years of specialty...

Catlin Strengthens Product Recall Teams in Sydney, London

Dec 3 2008 // The Bermuda-based Catlin Group Limited announced that it has “significantly strengthened its leadership position in crisis management underwriting with the addition of two experienced product recall insurance...

Burns & Wilcox Adds Derigiotis as Professional Lines Underwriter

Dec 1 2008 // Burns & Wilcox recently added David Derigiotis as a professional lines underwriter in its Special Risk Division (SRD). SRD is the company’s internal brokerage division located in Farmington Hills,...

There’s No Wrong or Right Time for an M&A

Nov 30 2008 // When it comes to acquiring an agency or selling, timing is everything. Hard market or soft market, good business environment or bad, the decision on whether to merge, acquire or sell is unique to each individual business...

People

Nov 16 2008 // New York-based Navigators Group hired Paul Hennessy as president of Navigators Holdings (UK) Ltd. He will be responsible for Navigators’ operations in Europe, the Middle East and Asia, and will report to President...

Best Affirms Lloyd’s Syndicates 609, 570 (Atrium/Ariel) ‘A’ Ratings

Nov 14 2008 // A.M. Best Co. has affirmed the Best’s Syndicate Rating of ‘A’ (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicates 609 and 570, both of which are managed by Atrium...

Marsh’s Bowring Supports Clients with Innovative Risk Transfer Products

Nov 11 2008 // Bowring, Marsh’s International Specialist Broker, announced new efforts to make its placement leadership meet the requirements of its clients by creating “five bespoke risk transfer products covering property,...

Professional Liability Underwriting Society Honors Two

Nov 10 2008 // The Professional Liability Underwriting Society (PLUS) honored Kevin M. LaCroix with its 2008 PLUS Founders Award and John J. Degnan, with its 2008 PLUS1 Award at the organization’s 21st Annual International...