All the headlines from our Underwriting Topic Page, ordered by recency.
Feb 28 2016 // State Farm Mutual Automobile Insurance Co., the largest U.S. property/casualty insurer, said 2015 profit rose 48 percent on investment gains tied to pharmaceutical holdings.Net income increased to $6.2 billion from $4.2...
Feb 26 2016 // Specialist Lloyd’s underwriter Marketform announced it no longer will write general liability business.This decision forms part of a broader strategic review of the business, which included an assessment of...
Feb 24 2016 // The London-based Managing General Agents’ Association (MGAA) announced the election of new board members Mark Birrell, chief executive of Castel Underwriting, and Charles Manchester, chief executive of Manchester...
Feb 23 2016 // Goldsboro, NC, February 23, 2016- Atlantic Casualty Insurance Company, a member of Strickland Insurance Group, has named Tim Martin, CPCU, AU, as Chief Underwriting Officer. Martin will provide oversight and direction for...
Feb 22 2016 // Bermuda-based Everest Re Group Ltd. announced that Christopher Downey has been named deputy chief underwriting officer.Downey joins Everest from Montpelier Reinsurance Ltd. where he served as senior vice president and head...
Feb 22 2016 // Merger and acquisition activity for 2015 set a new record with 456 deals, sailing past the previous high-water mark of 325 deals set in 2012, according to recent data. The fourth quarter closed with 104 announced...
Feb 19 2016 // Philadelphia Insurance Companies, a commercial property/casualty and professional liability insurance company for niche markets, announced the promotion of two vice presidents to senior vice president.Sam Garro is now...
Feb 18 2016 // J.M. Wilson has added Robin Williams as public and business auto underwriter in Portage, Mich. Williams is responsible for quoting new and renewal public and business auto accounts, working with company underwriters, and...
Feb 17 2016 // Chubb Global Markets, the London-based wholesale insurance division of Chubb, announced the promotion of John Wadhams, currently senior underwriter, Aviation, to the role of chief underwriting officer, Aviation, with...
Feb 16 2016 // Lorraine Mackey has joined Hiscox’s London market energy team as an energy underwriter. Mackey’s appointment completes the team led by Charles Rawlins, energy line underwriter, and also includes Louis...
Feb 12 2016 // Disappointing underwriting and investment returns resulted in American International Group Inc. reporting an operating loss of $1.3 billion for the fourth quarter of 2015, compared to operating income of $1.4 billion in...
Feb 12 2016 // Liberty Specialty Markets, part of Liberty Mutual Insurance Group, has promoted Mike Gosselin to the role of chief underwriting officer for specialty, while also naming David Saillen as head of fine art & specie –...
Feb 10 2016 // When agency consultants at Reagan Consulting hosted more than 150 industry leaders at a workshop on agent/broker mergers and acquisitions (M&A) recently, the mood was upbeat, since brokers are enjoying their best...
Feb 9 2016 // The Texas Department of Insurance is accepting applications through March 11 for two public member positions on the Texas Medical Liability Insurance Underwriting Association board of directors. The appointment terms are...
Feb 9 2016 // Sompo Canopius AG has announced a number of changes to its organizational structure. The company is simplifying its underwriting management and structure to enhance cohesiveness and focus on profitability across the group....
Feb 8 2016 // Underwriting discipline in the marine protection and indemnity (P&I) sector will be tested over the February 2016 renewal period due to market and competitive forces buffeting the sector, according to report published...
Feb 8 2016 // London-based CFC Underwriting has added two new underwriters to its growing transaction liability team. This follows last year’s appointment of Matthew Giddings to drive the development of a new line of business for...
Feb 8 2016 // The sharing economy, expanded litigation, surplus capital, custom account underwriting and further consolidation are likely to challenge the U.S. casualty insurance marketplace in 2016, according to broker Marsh.Marsh...
Feb 8 2016 // When agency consultants at Reagan Consulting hosted more than 150 industry leaders at a workshop on agent/broker mergers and acquisitions (M&A) recently, the mood was upbeat, since many brokers have continued to enjoy...
Feb 8 2016 // For service-type operations under a garage liability policy, the standard market generally writes this business under a general liability policy, which includes personal injury and advertising liability, fire legal...