All the headlines from our Underwriting Topic Page, ordered by recency.
Jul 8 2020 // Mike Rice Sr. will retire from Chicago-based Ryan Specialty Group LLC (RSG) at the end of the year, the company said.Rice joined RSG in 2010 as chairman and CEO of RSG Underwriting Managers LLC (RSGUM) and will have...
Jul 7 2020 // Specialist insurer Beazley has launched an online booking system to make it easier and quicker for brokers to arrange virtual appointments and share relevant documentation securely with underwritrs.Built in collaboration...
Jul 2 2020 // AXIS Insurance, the specialty insurance business segment of AXIS Capital Holdings Ltd., announced the hiring of Anna Woolley as a senior underwriter in its International Construction team, effective immediately.In this...
Jul 1 2020 // Allianz Global Corporate & Specialty (AGCS), the industrial insurer of Allianz Group, is embarking on restructuring program, designed “to regain profitability and market leadership in the corporate and specialty...
Jun 29 2020 // Brit Global Specialty USA will transfer the renewal rights for its cargo business to Falvey Cargo Underwriting, effective July 2.As part of the deal, Will Frohne and Yasu Saegusa will move from Brit to Falvey Cargo as...
Jun 26 2020 // Obsidian Insurance Holdings Inc., a fronting insurance holding company, has appointed Stacy Armstrong as chief client officer.Armstrong is a senior executive with more than 25 years of insurance and reinsurance industry...
Jun 22 2020 // With an industry overall combined ratio for 2019 hovering just below 100, and individual lines like long-tail liability moving 10 points over breakeven, the U.S. commercial lines market has “plenty of room for...
Jun 22 2020 // Two-year old Liberty Mutual Re said it has appointed Scott Mackie to the role of director of Assumed Reinsurance – Property. Mackie will be responsible for managing the underwriting of U.S. property risk and pro-rata...
Jun 19 2020 // Swiss Re announced the appointment of Thierry Léger as the group chief underwriting officer, effective Sept. 1, 2020. At the same time, the reinsurer announced it is restructuring its life businesses.Léger succeeds...
Jun 18 2020 // S&P Global Ratings has revised its outlook on Allianz Global Corporate & Specialty SE (AGCS) to negative from stable, while at the same time affirmed the insurer’s “AA” financial strength and...
Jun 18 2020 // Third Coast Underwriters (3CU) has promoted Marica Hueneke to regional director for the company’s Southeast Region. She will be based in Nashville, Tenn.According to Mike Valiante, vice president Business...
Jun 16 2020 // Moody’s Investors Service has assigned an A3 insurance financial strength rating (IFSR) to Hong Kong-based Peak Reinsurance Co. Ltd. with a stable rating outlook.Peak Re’s A3 IFSR reflects its good franchise in...
Jun 15 2020 // Axon Underwriting Services LLC, a specialty lines program administrator, has formed Axon Crisis Management to offer its product recall and foodborne illness and contamination products for U.S. domiciled...
Jun 12 2020 // Aspen Insurance Holdings Ltd. announced it has made some major changes to its management team, including the appointment of a non-executive director, two chief executive officers and a chief underwriting officer.The...
Jun 12 2020 // A new insurance services business, called Astaara Company Ltd. (ACL), has been launched to protect maritime companies from cyber threatsOffering risk management, underwriting and analytics, London-based Astaara will work...
Jun 11 2020 // AF Group in Lansing, Michigan, has appointed Kelly Fusner as its new chief underwriting officer (CUO). Fusner will lead the strategic underwriting efforts for the organization, providing innovative expertise that will...
Jun 11 2020 // Worldwide Facilities LLC, a national wholesale insurance broker, managing general agent and program manager, has acquired Strategic Underwriting Solutions LLC (SUS), a full service medical stop-loss focused managing...
Jun 10 2020 // Ratings issuer A.M. Best said it has removed from under review with negative implications and affirmed the Financial Strength Rating of A (Excellent) and Long-Term Issuer Credit Ratings of “a” of five companies...
Jun 8 2020 // Worldwide Facilities LLC, a national wholesale insurance broker, managing general agent and program underwriter, has acquired Royal Oak Underwriters Inc., an excess and surplus lines insurance wholesaler based in Richmond,...
Jun 5 2020 // Blue Ridge Specialty Group of Greenfield, South Carolina, a managing general underwriter specializing in trucking -related risks, has been acquired by Applied Underwriters, according to Applied Chairman and CEO Steve...