Latest Underwriting Headlines

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

Universal Underwriters to Refund $2.4M to Texas Policyholders

May 29 2008 // Texas Attorney General Greg Abbott reached a settlement with an automobile credit insurance company that unlawfully withheld insurance premiums from than 12,000 Texans who paid off their vehicle loans early. The Office of...

Magee Joins Narragansett Bay Insurance as Underwriting Director

May 28 2008 // Narragansett Bay Insurance Co. has added Drew J. Magee as director of underwriting. With 25 years of experience in the insurance industry, Magee has worked as the chief operating officer and underwriting officer of The...

Catlin Names Ibeson to Direct UK Operations

May 27 2008 // The Bermuda-based Catlin Group Limited announced that David Ibeson, currently chief executive of the Catlin Syndicate at Lloyd’s, has also been appointed chief executive of Catlin Insurance Company (UK) Ltd.He will...

People

May 19 2008 // Charlotte, N.C.-based national wholesale insurance broker AmWINS Group Inc. named James Drinkwater president of its AmWINS Brokerage division. He will be responsible for the management of the division, which is focused on...

Vermont Mutual Promotes Gray to Underwriting Vice President

May 16 2008 // Vermont Mutual Insurance Group has promoted Mary J. Gray to the position of vice president of underwriting. Gray joined Vermont Mutual in 1984 and has served in several key positions in underwriting, research and...

Argo Group Completes Acquisition of Heritage Underwriting Agency

May 16 2008 // The Bermuda-based Argo Group International Holdings, Ltd. announced that all conditions of its acquisition of Heritage Underwriting Agency plc. have been satisfied or waived and, as a result, its offer is wholly...

Kansas City Chartered Property Casualty Underwriters Elect Officers

May 15 2008 // In preparation for another successful chapter year, the Kansas City Chapter of the CPCU Society (Chartered Property Casualty Underwriters) recently elected its 2008-2009 officers.Beginning May 12, 2008, Bill West, CPCU, of...

American E&S Appoints Epstein Underwriting Manager

May 9 2008 // Scott Epstein has joined American E&S Insurance Brokers as underwriting manager, responsible for growing and strengthening the managing general agent (MGA) unit. He will work out of the company’s San Francisco...

Kentucky Company Enters Reinsurance Agreement with California Underwriter

May 6 2008 // California-based NAS Insurance Services and Kentucky Hospital Insurance Company have entered into a new reinsurance arrangement for network security insurance. The agreement provides for KHIC to cover the insured...

New Berkley Unit Targets Asset Protection Including Fine Arts, Jewelry

May 6 2008 // W. R. Berkley Corp. has formed Berkley Asset Protection Underwriters, LLC. Based in New York City, it will offer products designed to protect commercial and personal assets. The products will include coverage for fine...

People

May 5 2008 // Patrick G. Ryan, founder and executive chairman Aon Corp., said he intends to retire Aug. 1, 2008. Ryan said the firm’s transition to a new management team under CEO Greg Case is complete.Ryan founded Aon, which has...

What MGAs Should Know About Carriers’ Due Diligence for Programs

May 5 2008 // Smart program administrators know that aligning themselves with financially-strong insurance carriers can help attract good clients to their program. While the process of evaluating a program relationship takes more time...

A Soft Market Solution: MGAs and Risk Sharing

May 5 2008 // Editor’s Note: The following is part one of a discussion of the risk retention options available to MGAs, the sundry variables which may affect their execution, and the means and modes of analysis available.The...

Burns & Wilcox Appoints New Senior Underwriter

May 1 2008 // Farmington, Mich.-based Burns & Wilcox recently announced that Kerri Senger has rejoined the company’s St. Louis office as a senior underwriter. Senger will be responsible for contract and brokerage...

Apr 21 2008 // PeopleMichigan-based J.M. Wilson recently announced three new staff members, Danielle Crandell, Eric Maus and Jeanne Callan. Crandell was hired as a transportation underwriter. She will service commercial trucking accounts...

Underwriting Hurt Insurers’ Bottom Lines in 2007

Apr 21 2008 // Steep declines in underwriting profits hurt bottom lines for property casualty insurers, which saw their 2007 profits slip slightly from a year earlier, a new report from three industry groups says.The industry’s net...

WKF&C Agency Expands to Texas

Apr 18 2008 // Melville, New York-based managing general agent, WKF&C Agency Inc., announced it is expanding its nationwide casualty underwriting platform with the opening of a new office in Dallas, Texas.Industry veteran and Dallas...

Liberty International Underwriters Appoints Seven New Execs

Apr 17 2008 // Liberty International Underwriters (LIU), a part of Liberty Mutual Group, announced the appointments of several new executives in its Atlanta, Houston, Los Angeles, and New York locations. The executives bring insurance...

Lighthouse Underwriters Introduces ElderCare Plus Program

Apr 16 2008 // Lighhouse Underwriters, a subsidiary of U.S. Risk Insurance Group Inc. announced it has enhanced its ElderCare coverage with a new ElderCare Plus program.The ElderCare Plus program provides underwriting for assisted...

XL Forms Global Product Development

Apr 11 2008 // Bermuda-based XL Insurance, the global insurance operations of XL Capital Ltd., has announced the formation of a global Product Development team to further address customers’ risk management needs.“The team...