All the headlines from our Underwriting Topic Page, ordered by recency.
Jan 28 2008 // Ascension Insurance Inc. signed an agreement to acquire the assets of the California -based insurance agency, Pan American Underwriters Inc.Pan American is a wholly owned subsidiary of PAULA Financial (Pink Sheets:PFCO)....
Jan 28 2008 // Crump Insurance Services promoted Amanda Figueroa to underwriting manager of Crump’s Seattle and Portland managing general agency unit. Figueroa is a licensed broker who has been in the insurance industry for more...
Jan 28 2008 // In a brief announcement Lloyd’s confirmed that as of the 1st of January the underwriting capacity of its 75 operating syndicates totaled £15.95 billion ($31.66 billion). The syndicates are managed by 46 Managing...
Jan 27 2008 // An insurer’s success rests largely in the expertise of its underwriters. As the U.S. Department of Labor noted in its Career Overview series, “Great trust is placed in underwriters as an insurance company may...
Jan 27 2008 // Zurich named Kevin Dunham senior vice president and global relationship leader for the western region of its Global Corporate in North America Business unit. Dunham is based in Glendale, Calif., and will manage accounts...
Jan 27 2008 // There is an X-factor in setting insurance rates that even actuaries would have a hard time calculating: Politics.For those who serve as their state’s ultimate authority on what factors insurers can use to raise or...
Jan 25 2008 // Michael P. Welch recently joined Vermont Mutual Insurance Group in Montpelier as a commercial lines underwriter. Welch spent the past 11 years with Underwriters Agency of New England as assistant vice president of...
Jan 25 2008 // Louisiana-based regional property and casualty insurance broker First Premium Insurance Group Inc. announced the addition of Kellie Williams to its Commercial Department as assistant underwriter. Williams has 16 years of...
Jan 17 2008 // NASCAR’s insurance company has settled with the family of a Florida woman and infant killed last year when a plane owned by the racing organization slammed into their home, the family’s attorney said Monday.The...
Jan 13 2008 // While winter storms do not attract the attention of mega-catastrophes such as hurricanes and earthquakes, these smaller events can add up to impact insurers’ bottom lines. However, insurers can now avail themselves...
Jan 13 2008 // ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, appointed John Nilson senior vice president, western region for ACE Risk Management. Nilson will be based in Los Angeles and oversee ARM...
Jan 13 2008 // The U.S. property/casualty insurance industry’s net income after taxes rose 7.1 percent to $49.4 billion through nine-months 2007 from $46.1 billion through nine-months 2006. Fueled by the industry’s net...
Jan 13 2008 // For companies writing homeowners insurance in catastrophe prone states, the future of catastrophe risk assessment is now. Today, insurers have the ability to analyze catastrophe risk for individual residential properties...
Jan 11 2008 // There is an X-factor in setting insurance rates that even actuaries would have a hard time calculating: Politics.For those who serve as their state’s ultimate authority on what factors insurers can use to raise or...
Jan 10 2008 // Cooley and Darling Insurance Agency Inc. (www.cd-insure.com), a new retail agency based in Haymarket, Va., has acquired the retail book of non-profit business from Lighthouse Underwriters LLC, a member company of U.S. Risk...
Jan 3 2008 // Houston-based HCC Insurance Holdings Inc. announced it acquired Indianapolis, Ind.-based MultiNational Underwriters LLC (MNU), which specializes in international life, accident and health insurance, offering coverage to...
Dec 28 2007 // The former top executive of RenaissanceRe Holdings Ltd. – who resigned during an SEC probe into his company’s accounting practices – has joined forces with another reinsurance executive to launch a new...
Dec 28 2007 // While winter storms do not attract the attention of mega-catastrophes such as hurricanes and earthquakes, these smaller events can add up to impact insurers’ bottom lines. However, insurers can now avail themselves...
Dec 28 2007 // A bulletin on the Lloyd’s web site (www.lloyds.com) notes that the State of New Mexico and Virgin Galactic recently announced plans to construct a “multi-million pound spaceport.” As a result...
Dec 27 2007 // The U.S. property/casualty insurance industry’s net income after taxes rose 7.1 percent to $49.4 billion through nine-months 2007 from $46.1 billion through nine-months 2006. Fueled by the industry’s net...