Latest Underwriting Headlines

All the headlines from our Underwriting Topic Page, ordered by recency.

Africa Specialty Risks Launches Parametric Underwriting Division

May 24 2021 // Africa Specialty Risks (ASR), the pan-African focused managing general agent, announced the launch of its parametric division, alongside the appointment of Dr. Raveem Ismail as head of Parametric Underwriting and Ian...

Square Pegs Becomes Castel Underwriting Cell, Offering Cover for Complex SME Risks

May 20 2021 // Square Pegs, which offers specialist insurance coverage for complex and unusual risks via a dedicated e-trading platform, has become a standalone underwriting cell within Castel Underwriting Agencies Ltd.Focused on small...

People Moves: AXA XL Canada Names 5 Underwriters; MS Amlin Appoints 2 at Reinsurance Business

May 13 2021 // This wrap-up of international People Moves details recent appointments at AXA XL and MS Amlin.AXA XL announced that it has added five Toronto-based underwriters to strengthen its casualty, professional liability and...

ArgoGlobal Provides Capacity of $25M for Green Finance MGA Tierra Underwriting Ltd.

May 13 2021 // ArgoGlobal, the Lloyd’s insurer and member of Argo Group, has formed a partnership with green finance managing general agency, Tierra Underwriting Ltd.ArgoGlobal is providing $25 million in underwriting capacity to...

Trinity Underwriting Managers, Obsidian Partner on Auto Liability Offering

May 5 2021 // Trinity Underwriting Managers (TUMI), part of Amwins Underwriting, has formed a new carrier partnership with Obsidian, an A.M. Best rated “A-” hybrid fronting program carrier. The partnership will add to...

In His Own Words: Q&A with Applied Underwriters’ Menzies on Buffet, California and ‘Pumping Entrepreneurial Power’

May 3 2021 // Steve Menzies, founder and chairman of Applied Underwriters Inc., is a busy man. Since he reacquired his company from Warren Buffett’s Berkshire Hathaway in 2019, he has been buying businesses, creating new...

People Moves: AXA XL’s Hiscock to AXIS; Carpenter Promotes Gaudron, Hires Willis Re’s den Boer; Dahlmann at Marsh; Forder to Dale Underwriting

Apr 22 2021 // This wrap-up of international People Moves details recent appointments at AXIS Re, Guy Carpenter, Marsh and Dale Underwriting Partners.A summary of these new hires follows here. AXIS Re, the reinsurance business segment of...

Reinsurers Remain Resilient Despite P/C Underwriting Losses in 2020

Apr 22 2021 // Despite the combined effects of around $25 billion of pandemic and natural catastrophe-related losses as well compromised investment returns, a group of reinsurers studied by Aon reported positive earnings for 2020 and an...

Appalachian Underwriters Expands into Life Insurance Market with Fintech Ethos

Apr 21 2021 // Appalachian Underwriters, Inc. (AUI) has partnered with life insurance provider Ethos to offer the coverage via the fintech’s online platform.Agents can now quote customers’ life insurance without medical...

Helix Underwriting to Write Excess Casualty, Forming Agency Agreement with Watford

Apr 19 2021 // Helix Underwriting Partners Ltd., the Bermuda-based managing general agency, has expanded its agency platform into the excess casualty insurance segment.The move will see Tim Hadler join as chief underwriting officer to...

P/C Insurers Show 2020 Underwriting Profits Despite COVID-19: Fitch

Apr 19 2021 // Despite considerable operating challenges in 2020 from the global COVID-19 pandemic, U.S. property/casualty (P/C) insurers saw a statutory underwriting profit for the third consecutive year, with an average 99% combined...

Willis Towers Watson Launches ‘Radar Workbench’ for Commercial Underwriters

Apr 16 2021 // Insurance broker Willis Towers Watson has launched Radar Workbench, new software technology aims to transform the performance of frontline commercial underwriters.“Radar Workbench has been developed to provide the...

Applied Underwriters Finalizes Acquisition of UK MGA Concept Special Risks

Apr 15 2021 // Applied Underwriters, the Omaha, Neb.-headquartered insurer, announced it has completed the acquisition of UK managing general agent Concept Special Risks (CSR), after receiving regulatory approval.Financial details of the...

U.S. P/C Insurers Report 2020 Underwriting Profits Despite Costs of COVID-19: Fitch

Apr 12 2021 // Despite considerable operating challenges in 2020 from the global COVID-19 pandemic, U.S. property/casualty (P/C) insurers saw a statutory underwriting profit for the third consecutive year, with an average 99% combined...

Why Character Is So Important for Underwriting Surety Bonds

Apr 8 2021 // This post is part of a series sponsored by Old Republic Surety.When a surety company asks personal questions of construction clients, they may think the surety is too invasive. Here’s why the answers to those...

Federal Court Won’t Intervene in Applied Underwriters Case Against California Regulator

Apr 5 2021 // A California federal court has declined to get involved with a lawsuit that Applied Underwriters and the California Insurance Co. filed against the California Department of Insurance.The case against the CDI is based upon...

Applied Underwriters Acquires Florida Casualty Insurance Co.

Mar 18 2021 // Florida Casualty Insurance Co. (FCIC), formerly Ashmere Insurance Co., has been acquired by Applied Underwriters and will become part of Applied’s national and international development plan. The newly re-branded,...

Assessing Delegated Underwriting Authorities, MGAs: AM Best Explains

Mar 18 2021 // Over the last decade, as insurers and reinsurers have sought profitable opportunities for growth, they increasingly have handed the underwriting pen to managing general agents, managing general underwriters, program...

Swiss Re Announces Net-Zero Climate Targets in Underwriting, Investments

Mar 16 2021 // Swiss Re announced new measures to support the transition to a net-zero economy by 2050, which encompass re/insurance underwriting, asset management and its own operations.“Climate change remains the biggest...

Zurich NA Names Heintz Underwriting Manager for South Central Region

Mar 9 2021 // Jim Heintz has been appointed as underwriting manager for property/casualty insurer Zurich North America’s South Central area. In his role as underwriting manager for the South Central area, Heintz will be...