All the headlines from our Underwriting Topic Page, ordered by recency.
Nov 3 2003 // Professional liability and errors & omissions (E&O) are two coverages that just aren’t yet seeing the impending softening of the hard market—and are unlikely to anytime soon.These days, the professional...
Nov 3 2003 // A year ago the reinsurance world had an optimistic side most companies had survived their exposures to 9/11 and premiums were rising. A pessimistic side reflected a 25 percent decline in capacity, thus limiting new...
Oct 28 2003 // Safeco – which recently announced a clear focus on Property & Casualty insurance – reported strong third-quarter underwriting results in most insurance lines.“We generated healthy underwriting...
Oct 21 2003 // A.M. Best Co. announced that it has affirmed the financial strength rating of A- (Excellent) of Singapore Reinsurance Corporation Ltd. with a stable outlook.“The rating reflects Singapore Reinsurance’s superior...
Oct 20 2003 // The property/casualty insurance industry reported a statutory rate of return of 9.7 percent in the first half of 2003, up from a disappointing 1.0 percent in 2002 and the worst-ever negative 2.4 percent recorded in 2001....
Oct 20 2003 // The property/casualty insurance industry reported a statutory rate of return of 9.7 percent in the first half of 2003, up from a disappointing 1.0 percent in 2002 and the worst-ever negative 2.4 percent recorded in 2001....
Oct 16 2003 // The Crump Group announced the addition of new staff members in its Dallas office. Charles Bauman joined as a property/casualty underwriter and Patrick Bell is now on board as a casualty broker. Bauman was previously with...
Oct 15 2003 // ACE Casualty Risk, a division of ACE USA, announced the launch of ACE TankSafe(SM), a web-based underwriting facility that enables contracted brokers to conduct automated underwriting transactions from submission to...
Oct 15 2003 // W. R. Berkley Corporation announced the formation of Berkley Risk Solutions, Inc., a new underwriting management company.Berkley Risk Solutions, Inc. will provide insurance and reinsurance based financial solutions to...
Oct 10 2003 // Newark, Calif.-based RMS, a provider of products and services for the management of catastrophe risk, has expanded its commitment to the Lloyd’s market with the addition of three Lloyd’s managing agents as new...
Oct 6 2003 // A.M. Best Co. assigned a financial strength rating of “A” (excellent) to Oklahoma-based Landmark American Insurance Co. The rating outlook is stable. This rating action follows the close of the Sept. 2...
Oct 6 2003 // New financial privacy requirements and legislation aimed at cutting workers’ compensation costs are the two most significant public policy measures that impacted the property/casualty industry during the 2003...
Oct 2 2003 // ACE Bermuda Insurance Ltd. announced the promotion of Chris Fisher to the position of senior vice president in its property department.He takes on responsibility for the management of ACE Bermuda’s global property...
Sep 30 2003 // The U.S. property/casualty industry’s net income after taxes rose to $14.5 billion in first-half 2003 from $4.4 billion in first-half 2002, as both underwriting and investment results improved, according to Insurance...
Sep 29 2003 // New financial privacy requirements and legislation aimed at cutting workers’ compensation costs are the two most significant public policy measures that impacted the property/casualty insurance industry during the...
Sep 26 2003 // ACE Limited President and COO Evan Greenberg announced that, effective January 1, 2004, Mark Herman has been appointed as President, ACE Global Professional Lines and Andrew Kendrick has been appointed as President and CEO...
Sep 22 2003 // As some in the industry see profits and smoother sailing ahead, other markets are having a tougher time. In a look at the non-profits and public entities markets, Insurance Journal spoke with several experts in those...
Sep 22 2003 // As some in the industry see profits and smoother sailing ahead, other markets are having a tougher time. In a look at the non-profits and public entities markets, Insurance Journal spoke with several experts in those...
Sep 18 2003 // Insurers must be more disciplined in their underwriting and pricing, or they will continue to face unacceptable losses in the homeowners insurance market. That was the advice from a panel of experts at the Annual...
Sep 16 2003 // The property/casualty industry reported robust premium growth and considerably improved underwriting results during the first six months of 2003 over the comparable period of 2002. Driving these results reportedly are the...