All the headlines from our Underwriting Topic Page, ordered by recency.
Dec 9 2002 // Bermuda-based Trenwick Group Ltd. announced today that it has reached an agreement in principle with its Lloyd’s letter of credit providers which will allow it to continue underwriting at Lloyd’s in 2003.The...
Dec 6 2002 // The St. Paul Companies announced the formation of a new underwriting operation for national program business, an addition to its portfolio of specialty commercial business units.The new business unit, Specialty Programs,...
Nov 29 2002 // The Chubb Corporation announced that the underwriters for the company’s recent offering of common stock purchase warrants and debt securities sold in the form of equity units have exercised in full their...
Nov 29 2002 // Global Aerospace Underwriting Managers (GAUM), the world’s largest managing agent in the aviation market, is undergoing major changes. Aviva and Royal & Sun Alliance both announced that they will drastically...
Nov 27 2002 // Insurance Services Office, Inc. (ISO) has complemented ISO Employers AdvantageSM employment-practices liability (EPL) program through a marketing relationship with FairBoss Underwriters, Inc. (FBU), which provides...
Nov 25 2002 // Since the book-cooking scandals that undid Enron, Worldcom and other concerns surfaced in recent months, insurers have ratcheted up their already growing scrutiny of corporate clients, resulting in higher premiums and...
Nov 25 2002 // Take the hard market, combine it with the Sept. 11 tragedy, and mix those two ingredients into an already intricate and compound underwriting process and you’ve got yourself the public entities marketplace. Ask any...
Nov 25 2002 // Following recently-announced plans to exit its specialty insurance underwriting operations, Aon Corporation of Chicago entered an agreement in principle to sell its specialty property and casualty insurance subsidiary,...
Nov 25 2002 // Since the book-cooking scandals that undid Enron, Worldcom and other concerns surfaced in recent months, insurers have ratcheted up their already growing scrutiny of corporate clients, resulting in higher premiums and...
Nov 25 2002 // Take the hard market, combine it with the Sept. 11 tragedy, and mix those two ingredients into an already intricate and compound underwriting process and you’ve got yourself the public entities marketplace. Ask any...
Nov 22 2002 // XL Capital Ltd. announced that it has appointed Robert L. Nason as Group Risk and Underwriting Officer of XL Re, the Company’s global property and casualty reinsurance operation.He formerly served as Executive VP and...
Nov 21 2002 // Questerra announced the release of its Internet-based visual decision support and analysis service that provides an innovative solution for minimizing risk across lines of insurance business.Questerra offers Web-based...
Nov 15 2002 // Aon has agreed to sell its Sheffield Insurance Corporation, a specialty property and casualty insurance subsidiary, to Bermuda’s Axis Specialty Limited for an undisclosed price, subject to regulatory approval.Aon had...
Nov 11 2002 // For most law firms, 2002 and 2003 will be challenging years in respect to securing professional liability insurance. The “new market” is similar to that of the mid-’80s and has caused consolidation of...
Nov 11 2002 // For the past several months, Insurance Journal readers have viewed articles discussing Demotech’s Financial Stability Ratings®. This article presents additional information on the origin of those ratings.Prior to...
Nov 11 2002 // As insurers increasingly rely on consumer credit histories and credit-related scores during the underwriting and rating process, the Independent Insurance Agents and Brokers of America (IIABA) is urging companies to...
Nov 7 2002 // Announcing financial results for the three- and nine-month periods ended Sept. 30, 2002, San Antonio-based Argonaut Group Inc. said for the third consecutive quarter, the group reported positive and improved operating...
Nov 6 2002 // As part of its strategy to further enhance underwriting quality, Zurich North America is implementing a new corporatewide initiative to build underwriting workstations for its core lines of business – property,...
Nov 6 2002 // To facilitate the filing of insurer rates with the California Department of Insurance, the WCIRB has updated the advisory California Basic Underwriting Manual. The Basic Underwriting Manual may be viewed at...
Oct 31 2002 // Bermuda-based Trenwick Group Ltd. announced today that it will cease underwriting U.S. specialty program insurance business effective immediately. The news follows the announcement of an agreement to create an underwriting...