All the headlines from our Underwriting Topic Page, ordered by recency.
Sep 2 2003 // XL America, Inc., a subsidiary of XL Capital Ltd., announced the execution of a general agency agreement with International Catastrophe Insurance Managers, LLC (ICAT), of Boulder, Colo., a specialist in underwriting...
Aug 29 2003 // Pennsylvania Insurance Commissioner Diane Koken, in her capacity as the state regulator for the insurance industry, has released enforcement actions and market conduct examinations taken in July against insurance producers...
Aug 26 2003 // Zurich North America and Zurich London announced that George Bolton has joined the London office as their first trade credit insurance underwriter in that location. He has transferred from Zurich’s Washington, D.C....
Aug 22 2003 // “Underwriting – The First Line of Defense” is the theme for this year’s Underwriting Conference, sponsored by the Alliance of American Insurers and the American Association of Insurance Services...
Aug 22 2003 // NYMAGIC, Inc. announced that its insurance subsidiary, New York Marine And General Insurance Company, would assume the new and renewal business written under a primary marine cargo program managed by Southern Marine &...
Aug 18 2003 // The anniversary of the Sarbanes-Oxley Act of 2002 (SOX) has opened the door of dialogue to the benefits of sustainable, effective corporate governance. The Securities and Exchange Commission’s (SEC) shift in focus...
Aug 18 2003 // The anniversary of the Sarbanes-Oxley Act of 2002 (SOX) has opened the door of dialogue to the benefits of sustainable, effective corporate governance. The Securities and Exchange Commission’s (SEC’s) shift in...
Aug 13 2003 // Bermuda-based Platinum Underwriters Holdings, Ltd. reported second quarter net income of $26.6 million, and basic and diluted net income per common share for the quarter of $0.62 and $0.57, respectively.Board Chairman...
Aug 8 2003 // Fairfield, Ohio-based carrier Ohio Casualty Corp. announced second-quarter net income of $11 million, or 18 cents per diluted share, down from a year ago’s $13.1 million, or 21 cents per diluted share. The company...
Aug 7 2003 // San Antonio-based Argonaut Group Inc. announced financial results for the three- and six-month periods ended June 30, 2003, noting that the group’s gross written premium during the second quarter increased to $199.5...
Aug 6 2003 // Philadelphia-based PMA Capital announced net income of $12.2 million, or 39 cents per diluted share, for the second quarter of 2003, compared with a net loss of $29.7 million, or 95 cents per diluted share, for the second...
Aug 6 2003 // There is reportedly relief in sight for commercial insurance buyers numb from years of hefty premium increases and stiff underwriting conditions.The commercial middle market will enjoy lower rate increases and some flat...
Jul 31 2003 // The St. Paul Co. announced second-quarter 2003 net income of $214 million, or 89 cents per share, up from a second-quarter 2002 net loss of $223 million, or $1.09 per share. Second-quarter 2003 operating earnings were $172...
Jul 21 2003 // When it comes to buying and selling insurance, there is a common thread intertwined in all transactions—service. Whether it be the consumer purchasing auto insurance, or the agent securing the coverage on behalf of the...
Jul 21 2003 // When it comes to buying and selling insurance, there is a common thread intertwined in all transactions—service. Whether it be the consumer purchasing auto insurance, or the agent securing the coverage on behalf of the...
Jul 17 2003 // Colorado-based International Catastrophe Insurance Managers, LLC (ICAT Managers), announced that Sam Ramsey has been promoted to senior vice president of Risk Underwriting. In his new position, Ramsey will have...
Jul 7 2003 // The U.S. property/casualty industry’s net income after taxes rose 20.6 percent to $6.4 billion in first-quarter 2003 from $5.3 billion in first-quarter 2002, driven by improved underwriting results and an increase in...
Jul 7 2003 // The property/casualty insurance industry reported a statutory rate of return of 8.8 percent in the first quarter of 2003, up from a disappointing 1.0 percent in 2002 and the worst-ever negative 2.4 percent recorded in...
Jul 7 2003 // The commercial property/casualty industry is on the threshold of an “adapt or perish” decision when it comes to underwriting automation, according to a study from Conning Research & Consulting Inc. The...
Jul 7 2003 // The U.S. property/casualty industry’s net income after taxes rose 20.6 percent to $6.4 billion in first-quarter 2003 from $5.3 billion in first-quarter 2002, driven by improved underwriting results and an increase in...