All the headlines from our Underwriting Topic Page, ordered by recency.
Mar 23 2022 // Arthur J. Gallagher & Co. announced the acquisition of Springfield, Missouri-based Commercial Insurance Underwriters, Inc. (CIU). Terms of the transaction were not disclosed. Founded in 1984, CIU is a surplus lines...
Mar 18 2022 // Broker CAC Specialty said the representations and warranties insurance (RWI) market has tightened significantly in Russia, Ukraine, and other impacted regions with some underwriters outright denying coverage.“For...
Mar 18 2022 // Mosaic Insurance is building a cyber-security underwriting unit in Bermuda, to align its global business strategy around the fast-growing risk.The specialty insurer has transferred its cyber team underwriter George Cole...
Mar 17 2022 // Oman Insurance Co. (OIC) and Asta, the third-party managing agent at Lloyd’s, announced that OIC’s syndicate 2880 has received Lloyd’s approval to commence underwriting. Syndicate 2880 was launched under...
Mar 16 2022 // Chicago, IL USA, March 16, 2022 — Rick J. Lindsey, President, CEO and Chairman of Prime Insurance Company recently announced Richard Bryant to the position as President of Underwriting. Richard joined Prime Insurance...
Mar 16 2022 // Lloyd’s of London has fined syndicate member Atrium Underwriters over one million pounds ($1.31 million) for bullying and harassment, the largest fine it has imposed for misconduct, the commercial insurance market...
Mar 16 2022 // Since the start of the war in Ukraine, the number of cyber incidents in the U.S. has increased, and underwriters will need to adapt, according to a panel of experts at the PLUS Cyber Symposium.“There’s no doubt...
Mar 7 2022 // Burns & Wilcox Adds Tameka Livatino and Erin Pritchett to Professional Liability Practice GroupBurns & Wilcox has named Tameka Livatinoas underwriting director of architects and engineers, based in Chicago. With...
Mar 7 2022 // Insurance rating agency AM Best said it expects the U.S. property/casualty insurance industry to record an increase in surplus in 2021 thanks to investment income and capital gains improvements despite booking an...
Mar 2 2022 // Lloyd’s Names Gomez as Chief People OfficerLloyd’s of London has appointed Sara Gomez as chief people officer (CPO). As CPO, she will focus on developing Lloyd’s talent, leadership and inclusion...
Mar 1 2022 // American International Group said it is committing to net-zero greenhouse gas emissions within its underwriting and investment portfolios by 2050.“AIG is focused on the realities of climate change,” said Peter...
Feb 28 2022 // Although Berkshire Hathaway’s biggest insurance operation GEICO reported a 63 percent drop in pretax underwriting income in 2021, overall the conglomerate’s insurance and reinsurance operations saw pretax...
Feb 24 2022 // Insurance rating agency AM Best said it expects the U.S. property/casualty insurance industry to record an increase in surplus in 2021 thanks to investment income and capital gains improvements despite booking an...
Feb 24 2022 // Applied Underwriters said it will acquire Catlin Specialty Insurance Company from the AXA XL group of companies.Applied said it will consolidate Catlin into the North American Casualty group of companies in a move intended...
Feb 24 2022 // The co-founders of London-based Rising Edge aimed to create something different when they decided to launch a managing general agent in 2021, which focuses solely on directors and officers liability insurance.CEO Philippe...
Feb 23 2022 // Nexus Underwriting Management Ltd. (NUML), the London-based specialty managing general agent and intermediary, announced it will be renamed Kentro Capital Ltd. Nexus Underwriting (Nexus), the specialty MGA, and Xenia...
Feb 22 2022 // Fundamental Underwriters, a specialty managing general underwriter, announced today that it would expand its mid-market commercial trucking insurance product offerings into three additional states – Louisiana, Michigan...
Feb 22 2022 // Irwin Siegel Adds to Executive Management TeamRock Hill, New York-based program manager Irwin Siegel Agency (ISA) announced two additions to its executive management team. Jennifer Johnston has joined the company as vice...
Feb 22 2022 // This edition of International People Moves details appointments at insurtech BOXX Insurance, Hiscox and AXA XL.A summary of these new hires follows here. Cyber Insurtech BOXX Canada Hires Beazley’s Baker as...
Feb 18 2022 // This edition of International People Moves includes appointments at AXA XL, International General Insurance Holdings and MGA Aqueous Underwriting.A summary of these new hires follows here. AXA XL to Promote De Rosa to Head...