All the headlines from our Underwriting Topic Page, ordered by recency.
Sep 5 2024 // As litigation and regulation increase around per- and polyfluoroalkyl substances (PFAS), insurance underwriting is tightening across lines. Insurance professionals who specialize in PFAS say insurers are mandating coverage...
Sep 4 2024 // CRC Group, a wholesale specialty insurance distributor with headquarters in Birmingham, Alabama, has added new faces to its team in the Southeast. Rector Sam Rector joined the Nashville office as a broker. He has spent...
Sep 4 2024 // The Clear Group, the London-based independent insurance broker, announced the acquisition of the managing general agency, Accelerate Underwriting.Financial terms of the deal, which is its fourth involving an MGA, were not...
Sep 3 2024 // Ryan Specialty, the Chicago-based international specialty insurance firm, announced it has signed a definitive agreement to acquire certain assets of the European managing general agent Geo Underwriting Europe BV (Geo...
Aug 29 2024 // Paula Cooley joined Graham-Rogers Insurance, headquartered in Bartlesville, Oklahoma, as a transportation new business underwriter. Cooley will focus on garage and transportation commercial auto. She has over 40 years of...
Aug 29 2024 // The U.S. property/casualty insurance industry recorded a net underwriting gain of $3.7 billion and net income of $94.6 billion for the first-half of 2024, according to a new report.“After years of consistent losses,...
Aug 19 2024 // The U.S. homeowners insurance segment suffered a $15.2 billion underwriting loss in 2023, more than double the loss in the previous year and the line’s worst underwriting results since at least 2000, according to a...
Aug 19 2024 // S&P Global Market Intelligence is forecasting a combined ratio of 99.2 for the U.S. P/C insurance industry overall in 2024, signifying a return to underwriting profitability for the first time since 2021.According to...
Aug 16 2024 // Skyward Specialty Insurance Group, Inc., headquartered in Houston, named four new regional vice presidents and two new underwriters.Skyward Specialty named Gregg Callahan regional vice president in its northeast region in...
Aug 15 2024 // This edition of International People Moves details appointments at the insurers Markel and QBE.A summary of these new hires follows here. Markel Taps QBE’s Smith to Lead Marine & Energy Liability Team,...
Aug 15 2024 // Zurich Promotes Nolan to Head of Surety in USZurich North America, headquartered in Schaumburg, Illinois, has promoted Chris Nolan to head of surety in U.S. national accounts. Nolan, who is based in New Jersey, succeeds...
Aug 13 2024 // Hiscox, the global specialist insurer, has launched the London insurance market’s first lead underwriting platform enhanced by generative AI, aiming to provide sabotage and terrorism insurance quotes to customers...
Aug 12 2024 // This post is part of a series sponsored by TSIB.Insurance Carriers are reducing their appetite for risk and increasing premiums. This means they are being much more selective in what they are willing to insure. If they are...
Aug 8 2024 // XPT Specialty, headquartered in New Haven, Connecticut, appointed Tyler Myers as transportation underwriter.Myers has over 10 years of experience as a broker specializing in underwriting commercial automobile risks. He...
Aug 7 2024 // This post is part of a series sponsored by Dyad. In the insurance industry, managing general agents (MGAs), managing general underwriters (MGUs), and program administrators (PAs) fill a critical role in facilitating the...
Aug 1 2024 // JM Wilson, headquartered in Portage, Michigan, added new members to its transportation underwriting team.Olga Jaquet was promoted to senior transportation underwriter, responsible for underwriting new and renewal...
Aug 1 2024 // Geo Underwriting, the managing general agency and subsidiary of Ardonagh Advisory, announced it will acquire Navigators & General (N&G) from Zurich UK.Financial details of the deal were not disclosed. Founded in...
Aug 1 2024 // The formal split of its life and retirement business Corebridge Financial resulted in a second quarter net loss of nearly $4 billion for American International Group (AIG).The deconsolidation and divestitures from last...
Jul 31 2024 // JM Wilson, headquartered in Portage, Michigan, hired Gina Deryas as a transportation renewal underwriter and Brian Bragg as a transportation underwriter. JM Wilson team member Joe Delaney was promoted to transportation...
Jul 31 2024 // Brady Named Resilience Chief Underwriting OfficerResilience, headquartered in San Francisco, named Killian Brady as chief underwriting officer. Brady will oversee all aspects of the underwriting function for middle market...