All the headlines from our Underwriting Topic Page, ordered by recency.
Jul 8 2022 // Lloyd’s Europe reports the appointment of Bertrand Heugues as chief underwriting officer effective 14 July.He will be responsible for overseeing underwriting, delegated authority management, claims and the...
Jul 7 2022 // Probitas 1492, the Lloyd’s insurer, has started underwriting cyber insurance with Richard Taylor, head of Cyber & Technology, focusing the book of business on complex small-and-medium-sized enterprises (SME), up...
Jul 6 2022 // Geo Underwriting, The Ardonagh Group’s MGA subsidiary, has completed the acquisition of the managing general agent Lorega Holdings Ltd. from Alcuin Capital Partners.Financial details of the transaction were not...
Jun 30 2022 // PCF Insurance Services acquired Utah-based property/casualty managing general agent United Underwriters. United Underwriters offers agencies across the Western United States P/C MGA services and programs including...
Jun 28 2022 // This edition of International People Moves details appointments at Willis Towers Watson (WTW) and Hiscox.A summary of these new hires follows here. WTW’s Hires EY’s Mayers for Commercial Lines Pricing,...
Jun 23 2022 // InShare and Skyward Target Gig Driver Firms With Accident InsuranceManaging general agent (MGA) InShare and Skyward Specialty Insurance Group Inc. announced the launch of an occupational accident insurance offering for...
Jun 6 2022 // Charleston, SC., June 06, 2022 – Johnson & Johnson will expand its footprint into Texas and Oklahoma by acquiring the assets of the Wholesale Brokerage & Binding and Managing General Underwriting units of...
Jun 6 2022 // Full-year net income for U.S. property/casualty insurers increased slightly to $61.9 billion from $60.3 billion in 2020, but the industry turned in a $3.8 billion underwriting loss in 2021.The P/C industry posted a $5.2...
Jun 6 2022 // Since Remote Classes, $1 Million Ransomware Claims Have Become the NormThe overall number of cyberattacks fell by more than half in 2021 for K-12 schools but the number of ransomware attacks is on the rise. According to a...
May 31 2022 // AM Best reported Friday that first-quarter net underwriting income for the U.S. property/casualty industry rose 4.6% to $3.3 billion.Explaining the result, AM Best said that a 10.5 percent jump in net earned premiums and a...
May 31 2022 // Canopius Restructures Global Underwriting Operations With Senior AppointmentsCanopius Group, the London-based global specialty re/insurer, has reorganized its global underwriting operations into four key areas: specialty,...
May 27 2022 // MEMIC Hires White as Senior Underwriter in PennsylvaniaWorkers’ compensation insurer MEMIC Group has hired Curtis White as senior production underwriter, responsible for renewals and new business in Pennsylvania....
May 26 2022 // Full-year net income for U.S. property/casualty insurers increased slightly to $61.9 billion from $60.3 billion in 2020, but the industry turned in a $3.8 billion underwriting loss in 2021.The P/C industry posted a $5.2...
May 26 2022 // Socotra Acquires Avolanta, Adding Unified Agent and Customer PortalInsurance carrier technology firm Socotra reports it has acquired Avolanta, a Columbia, South Carolina software startup offering a unified portal built for...
May 25 2022 // AXA XL has named Libby Benet to the role of global chief underwriting officer (GCUO), succeeding Nancy Bewlay, who recently assumed leadership of AXA XL’s global reinsurance operation.According to AXA XL CEO Scott...
May 23 2022 // Alliant Insurance Services Adds James Chenoweth to Mergers & Acquisitions GroupAlliant Insurance Services added James Chenoweth in the company’s mergers & acquisitions group. Chenoweth will specialize in...
May 13 2022 // USG Insurance Services Names AJ Perez as Producer/Broker; Commercial LinesUSG Insurance Services, Inc. named AJ Perez as producer/broker: commercial lines in the Houston, Texas branch office. Perez joins the USG team with...
May 4 2022 // AXIS Capital Holdings Ltd. has launched a portfolio underwriting unit, which targets multi-class portfolio business that is placed in the London specialty insurance market.The Portfolio team is now actively underwriting...
May 3 2022 // First quarter underwriting profit soared as AIG reported net income of $4.25 billion compared with $3.87 billion during the 2021 first quarter.Underwriting income in AIG’s General Insurance unit was $446 million...
May 2 2022 // The New Jersey insurance commissioner does not have to rely upon the state’s attorney general to bring a lawsuit against out-of-state insurers and their affiliates that it believes are violating state laws. Rather,...