Latest Underwriting Stories

CHICAGO, July 25, 2012 /PRNewswire/ -- Aon Benfield Securities, the investment banking division of global reinsurance intermediary and capital advisor Aon Benfield, today launches its latest report on the insurance-linked securities (ILS) market, which reviews the key trends witnessed during the second quarter of 2012. The Insurance-Linked Securities Second Quarter Update 2012 reveals that catastrophe bond issuance for the period reached USD2.1bn as investors continued to deploy...

ST. PETERSBURG, Fla., July 24, 2012 /PRNewswire/ -- SUNZ Insurance Company recently announced a new site visit program to enhance the accuracy of reporting and underwriting before a policy is issued. The program, benefiting Professional Employer Organizations (PEOs) and their end clients, will continue the SUNZ partnership-focused model of providing workers' compensation policies with hands-on client support. On-site visits allow SUNZ to share possible deficiencies in safety and...

BEDFORD, Mass., July 23, 2012 /PRNewswire/ -- FirstBest® Systems, Inc., provider of insurance software solutions for global insurance carriers, today announced that IWIF, the Injured Workers' Insurance Fund and Maryland's largest writer of workers' compensation insurance, has selected and begun deployment of the FirstBest® Underwriting Management System (UMS) and FirstBest Agent. With the new front office applications in use by underwriters and agents by spring 2013, IWIF expects...

COLUMBIA, S.C., July 19, 2012 /PRNewswire/ -- The Ohio-based insurer plans to optimize its auto program with help from EagleEye, according to EagleEye Analytics, the leading provider of world class predictive analytics solutions for the property and casualty industry. Buckeye has partnered with EagleEye on an enterprise-wide predictive analytics solution to enable the carrier to provide more competitive rates for its personal auto policies. Traditional rating methods were creating...

CALGARY, July 11, 2012 /PRNewswire/ - (TSX-V: PFC) - PetroFrontier Corp. ("PetroFrontier") announces that it has received a notice of termination from Macquarie Capital Markets Canada Inc. ("Macquarie") terminating its obligations pursuant to the Underwriting Agreement made effective June 20, 2012 (the "Underwriting Agreement"), whereby Macquarie had agreed to purchase on a bought deal basis 15,000,000 subscription receipts at a price of $1.00 per subscription receipt.  The notice...

PHILADELPHIA, July 10, 2012 /PRNewswire/ -- Decision Research Corporation (DRC), the market leading rating and policy processing software solution provider to the Property & Casualty Insurance industry, announced today that Beazley, the London-based global specialist insurer, has successfully implemented DecisionMaker(TM) Rating Enterprise into production. Beazley launched five of its products at this time: Media Tech E&O, Miscellaneous Professional Liability,...

SEATTLE, July 2, 2012 /PRNewswire/ -- Omeros Corporation (NASDAQ: OMER) today announced that it has closed the underwritten public offering that was priced and allocated to investors prior to the opening of the market on June 27, 2012, relating to the sale of 3,365,854 shares of its common stock at a price of $10.25 per share for gross proceeds of approximately $34.5 million. The closing included the sale of 439,024 shares of common stock sold pursuant to the overallotment option...

SAO PAULO, June 27, 2012 /PRNewswire/ -- FICO (NYSE: FICO), the leading provider of analytics and decision management technology, today announced a partnership agreement with Chilean company Adacom, aimed at delivering advanced decision management solutions to insurance companies in Latin America. Starting immediately, Adacom will work with FICO to implement FICO(TM) Blaze Advisor(TM) business rules management system for insurance companies in Chile and Peru, with a planned...

CHANTILLY, Va., June 20, 2012 /PRNewswire/ -- Medmarc today announced that Cathie Speakman, a seasoned underwriter with significant experience working with the life sciences industry, has joined the Medmarc Life Sciences Underwriting Team. Speakman will be located in Northern California and will be dedicated to servicing California, Oregon, and Washington. The addition of Speakman positions Medmarc for continued growth in that region. "Cathie understands the life sciences industry...

XINYU CITY, China and MUNICH, June 15, 2012 /PRNewswire/ -- LDK Solar Co., Ltd. (NYSE: LDK) ("LDK Solar") a leading vertically integrated manufacturer of photovoltaic (PV) products, together with its partner Solarif, a fully mandated underwriter of HDI Gerling for PV insurance, are the first companies to introduce a unique insurance solution at the system level. LDK Solar announced the new 'Secure' offer at Intersolar Europe, the world's largest solar industry exhibition taking place...