All the headlines from our Underwriting Topic Page, ordered by recency.
Feb 1 2024 // Brace Underwriting Limited recently announced the launch of Brace USA with Glenn Dorr as president and head of marketing, North America, reporting to Adam Holberry, Group CEO of Brace. Founded in October 2019 by group CEO...
Jan 24 2024 // Fourth quarter net income at W.R. Berkley Corp. increased 4% compared to the same period the prior year to about $397.3 million on record pretax underwriting income of nearly $316 million, an 8.2% increase.The Greenwich,...
Jan 19 2024 // Net income at The Travelers Cos. for the last quarter of 2023 about doubled compared to the same time last year to $1.6 billion on lower catastrophe losses and a return to profitable results in the personal insurance...
Jan 19 2024 // Not all analysts think an underwriting profit is out of reach for 2024.While a recent forecast from Fitch Ratings puts the 2024 combined ratio above 100, an improvement from 2023, a report by Swiss Re Institute projects...
Jan 18 2024 // Underwriters who thought the growing cyber risk landscape of the past several years would level off soon might want to think again. Woodruff Sawyer’s annual survey of cyber insurance carriers found all underwriters...
Jan 9 2024 // This edition of International People Moves details appointments at CFC, Aon and QBE Re.A summary of these new hires follows here. Trueman Joins CFC as CUO After Recent Management ShakeupCFC, the specialist managing general...
Jan 3 2024 // Church Mutual Insurance Company, S.I. promoted Alan S. Ogilvie from president to president and chief executive officer, effective Jan. 1, 2024.Ogilvie assumed the role from Rich Poirier, who has retired after 12 years of...
Dec 22 2023 // Ryan Specialty, the Chicago-based specialty insurance firm, announced it has signed a definitive agreement to acquire Castel Underwriting Agencies Ltd. from Arch Financial Holdings (UK) Ltd. and minority shareholders.Terms...
Dec 19 2023 // Aspen Insurance Holdings Limited, headquartered in Hamilton, Bermuda, appointed Michael Tate to the newly created role of inland marine – head of product & underwriting. Tate will be based in Chicago, Ill. Before...
Dec 18 2023 // Dale Underwriting Partners, the trading name for Dale Managing Agency’s Lloyd’s Syndicate 1729, announced that CVC has completed its investment in Dale.The completion of the transaction follows approval from...
Dec 12 2023 // Hiscox, the specialist global insurer, has collaborated with Google Cloud to create the first AI-enhanced lead underwriting model in the London market insurance industry.The collaboration combines Hiscox London...
Dec 8 2023 // U.S. property/casualty underwriting results deteriorated during the first nine months of 2023 to a loss of $32.2 billion.The result, highlighted in short financial review from AM Best, is $7.6 billion worse than the same...
Dec 6 2023 // kWh Analytics, headquartered in San Francisco, Calif., named Isaac McLean as the company’s chief underwriting officer. McLean has more than 18 years of insurance experience, previously serving as head of property...
Dec 4 2023 // Insurance broker World Insurance Associates has purchased the personal and commercial insurance agency Exchange Underwriters, Inc. from CB Financial Services, Inc., the holding company for Pennsylvania-based Community...
Nov 27 2023 // This edition of International People Moves details appointments at Liberty Mutual Reinsurance and Everest Insurance International.A summary of these new hires follows here. Liberty Mutual Re Names Swiss Re’s Chisolm...
Nov 15 2023 // W.R. Berkley Corporation Names Balch President of Berkley Technology UnderwritersW.R. Berkley Corporation, headquartered in Greenwich, Conn., appointed Christopher H. Balch as president of Berkley Technology Underwriters,...
Nov 10 2023 // Verisk, a global data analytics and technology provider, announced that Citizens Property Insurance Corp., the residual, not-for-profit insurer in Florida, will adopt Verisk’s aerial imagery analytics solution. The...
Nov 9 2023 // Applied Underwriters has launched a new holding company called “United Risk,” which brings together the company’s MGA and MGU businesses under a single brand. Former SiriusPoint executive Dan Malloy has...
Nov 6 2023 // Underwriting losses in U.S. commercial auto have returned to pre-pandemic levels and rate increases have not been enough to keep up with severity trends.“The liability component has been more problematic than the...
Oct 31 2023 // October 31, 2023, Scottsdale, AZ – Mission Underwriting Managers (‘Mission’) a leading insurance program administrator, today announced the appointment of Jim Dwane as its new Chief Executive Officer,...