All the headlines from our Underwriting Topic Page, ordered by recency.
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,...
Apr 28 2022 // ATLANTA, Ga., April 28, 2022 — Breckenridge Insurance welcomes Peter Friend as senior underwriter to its specialty property program team. Friend has more than 15 years of experience in the industry having worked across...
Apr 27 2022 // A group of Democratic lawmakers, mostly members of the Congressional Progressive Caucus, have asked some of the nation’s biggest insurance companies to stop underwriting new fossil fuel projects that contribute to...
Apr 26 2022 // Chubb said first quarter 2022 net income fell to $1.97 billion compared with $2.3 billion during the same time a year ago but property/casualty underwriting income during the period shot up 106% to a record $1.3...
Apr 21 2022 // This edition of International People Moves details appointments at the insurance broker Miller and insurer Arch Insurance International.A summary of these new hires follows here. Miller Taps WTW’s Power,...
Apr 19 2022 // Risk Strategies Adds to Private Client Services TeamBoston-based specialty insurance brokerage Risk Strategies announced two hires in its Private Client Services practice. Tim deRosa has joined as chief operating officer,...
Apr 1 2022 // This edition of International People Moves details appointments at AXIS Specialty Europe and SCOR Syndicate.A summary of these new hires follows here. AXIS Specialty Europe Names Mullarkey as CEOAXIS Capital Holdings Ltd....
Apr 1 2022 // KGM Underwriting Services, a UK specialist motor insurer and subsidiary of Howden Group, announced the acquisition of Eridge Underwriting Agency, a managing general agent (MGA) that focuses on specialist and higher-rated...
Mar 31 2022 // Occam Underwriting, the specialist lines managing general agency (MGA), announced it has completed the acquisition of Beech Underwriting Agencies Ltd. having received the required approval from the Financial Conduct...
Mar 31 2022 // Beazley has restructured its underwriting team with the creation of four new divisions: Specialty Risks, Cyber Risks, MAP Risks and Property Risks. The divisions will be interconnected, able to operate at scale, and will...
Mar 30 2022 // Applied Underwriters’ mixed-use, 500-acre development on land formerly part of Boys Town in Omaha, Nebraska reached a milestone in its construction Tuesday as the company’s own operational headquarters on the...
Mar 24 2022 // Citizens Property Insurance Corp. directors said Wednesday they continue to worry about the state of the Florida insurance market, Citizens’ growth and its potential losses, despite $6.5 billion in surplus and an $81...