All the headlines from our Underwriting Topic Page, ordered by recency.
Apr 5 2004 // Many recent media accounts would have us believe that prior loss history reports have single-handedly caused an availability crisis and have halted the sale of existing homes.One of the most contentious issues surrounding...
Apr 5 2004 // Whether it’s called custom, upscale, mansion or high-value, a dream home requires special handling from property insurers. High-value homes represent a growing segment of the over 81 million single-family homes in...
Apr 5 2004 // Writing surety bonds is a niche that perfectly illustrates why specialization is so important in the insurance industry. Bond underwriters need to exercise the utmost caution when issuing bonds, and they need to make sure...
Apr 5 2004 // Many recent media accounts would have us believe that prior loss history reports have single-handedly caused an availability crisis and have halted the sale of existing homes.One of the most contentious issues surrounding...
Apr 2 2004 // Bermuda-based Arch Capital Group Ltd. announced that the underwriters of the Company’s recent stock offering have exercised their option to purchase an additional 263,750 common shares at the offer price of $40.00...
Mar 25 2004 // Jeffrey Kapp has been promoted to vice president and general manager of underwriting for Wausau Insurance, based in Wausau, Wis. Kapp brings a multiline underwriting background from positions held with Wausau and...
Mar 22 2004 // Workers’ compensation executives from across the nation gathered last month for the annual American Society of Workers’ Comp Professionals Inc. (AMCOMP) conference in Las Vegas where members heard the industry...
Mar 22 2004 // No surprise, but with the first quarter of 2004 drawing to a close, workers’ compensation remains, as it has been for many years, one of the most troubled lines of insurance in the United States.On a calendar year...
Mar 17 2004 // Standard & Poor’s has affirmed its ‘AA’ counterparty and financial strength ratings on Top Layer Reinsurance Ltd. The outlook is stable.Top Layer Re is a 50%/50% joint venture between State Farm...
Mar 11 2004 // Chicago-based brokerage giant Aon Corp. has formed Aon Alternative Risk Underwriting (ARU), a managing general underwriter that provides group captive solutions for middle-market U.S. companies.Working through independent...
Mar 10 2004 // Chicago-based CNA Surety Corp. announced that Douglas W. Hinkle has joined the company as chief underwriting officer. Hinkle comes to CNA Surety with more than 25 years of insurance experience. Most recently, he was a...
Mar 9 2004 // Bermuda-based Aspen Insurance Holdings announced the addition of five property reinsurance specialists to Aspen Re America, its recently formed property reinsurance team located in Rocky Hill, Conn.Brian Boornazian, who is...
Mar 9 2004 // Property and casualty insurers earned $22.9 billion during the first nine months of 2003, representing a $12.1 billion, or 112 percent, increase over the $10.8 billion profit reported during the same period in 2002,...
Mar 8 2004 // Underwriting risk is a tricky business whether in a hard or soft market. Competence and experience will always be a hard combination to find, but is greatly valued by strong companies. It’s amazing that even the best...
Mar 8 2004 // Industry executives in the workers’ compensation field from across the nation gathered in Las Vegas Feb. 5-6 for the 5th Annual AMCOMP (American Society of Workers’ Comp Professionals Inc.) Meeting &...
Mar 8 2004 // Venture Programs announced that it has been selected to write business with ACE Complete, a Web-based underwriting facility for contracted program administrators and wholesale brokers.ACE Complete offers program...
Mar 5 2004 // Santa Ana, Calif.-based Yates & Associates announced the promotions of Barbara Parker-Hatch and Alex Zardeneta. Parker-Hatch was promoted to executive vice president. Formerly she was vice president of operations at...
Feb 27 2004 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) of the reinsurance subsidiaries of Bermuda-based Platinum Underwriters Holdings, Ltd. It also affirmed the...
Feb 24 2004 // Pediatricians Insurance Risk Retention Group of America (PIRRGA), a physician-owned and governed medical malpractice insurance company, has received notification of registration from the Florida Office of Insurance...
Feb 24 2004 // On February 20, 2004, the Arkansas Insurance Department issued the following directive on cancellations, nonrenewals and discriminatory underwriting practices for property and casualty insurance:The Department recognizes...