All the headlines from our Underwriting Topic Page, ordered by recency.
Mar 1 2024 // A year after recording the largest underwriting loss in the company’s 100-year history, State Farm eclipsed it in 2023.The underwriting loss figure climbed to $14 billion for 2023, with a nearly $5 billion...
Feb 27 2024 // AM Best placed under review with negative implications the Financial Strength Rating of C++ (Marginal) and the Long-Term Issuer Credit Rating of “b” (Marginal) of Casualty Underwriters Insurance Co. in Salt...
Feb 14 2024 // American International Group (AIG) during the fourth quarter 2023 recorded underwriting income of $642 million within its General Insurance segment — a slight increase from $635 million during the same quarter the prior...
Feb 8 2024 // Grange Insurance Company, headquartered in Columbus, Ohio, named Kyle Welch vice president of commercial lines underwriting for the East region covering Georgia, Indiana, Kentucky, Ohio, Pennsylvania, Tennessee and...
Feb 6 2024 // Amwins Underwriting recently said it has partnered with Lancer Insurance Company, the commercial auto division of Core Specialty, for a new carrier relationship to enhance two key trucking programs provided through...
Feb 5 2024 // Not all analysts think an underwriting profit is out of reach for 2024.While a recent forecast from Fitch Ratings puts the 2024 combined ratio above 100, a report by Swiss Re Institute projects both 2024 and 2025 to have a...
Feb 5 2024 // Net income at The Travelers Cos. for the last quarter of 2023 about doubled compared to the same time in 2022, to $1.6 billion on lower catastrophe losses and a return to profitable results in the personal insurance...
Feb 5 2024 // Underwriters who thought the growing cyber risk landscape of the past several years would level off soon might want to think again. Woodruff Sawyer’s annual survey of cyber insurance carriers found all underwriters...
Feb 1 2024 // Brace Underwriting Limited recently announced the launch of Brace USA with Glenn Dorr as president and head of marketing, North America.reporting to Adam Holberry, Group CEO of Brace. Founded in October 2019 by group CEO...
Jan 24 2024 // Fourth quarter net income at W.R. Berkley Corp. increased 4% compared to the same period the prior year to about $397.3 million on record pretax underwriting income of nearly $316 million, an 8.2% increase.The Greenwich,...
Jan 19 2024 // Net income at The Travelers Cos. for the last quarter of 2023 about doubled compared to the same time last year to $1.6 billion on lower catastrophe losses and a return to profitable results in the personal insurance...
Jan 19 2024 // Not all analysts think an underwriting profit is out of reach for 2024.While a recent forecast from Fitch Ratings puts the 2024 combined ratio above 100, an improvement from 2023, a report by Swiss Re Institute projects...
Jan 18 2024 // Underwriters who thought the growing cyber risk landscape of the past several years would level off soon might want to think again. Woodruff Sawyer’s annual survey of cyber insurance carriers found all underwriters...
Jan 9 2024 // This edition of International People Moves details appointments at CFC, Aon and QBE Re.A summary of these new hires follows here. Trueman Joins CFC as CUO After Recent Management ShakeupCFC, the specialist managing general...
Jan 3 2024 // Church Mutual Insurance Company, S.I. promoted Alan S. Ogilvie from president to president and chief executive officer, effective Jan. 1, 2024.Ogilvie assumed the role from Rich Poirier, who has retired after 12 years of...
Dec 22 2023 // Ryan Specialty, the Chicago-based specialty insurance firm, announced it has signed a definitive agreement to acquire Castel Underwriting Agencies Ltd. from Arch Financial Holdings (UK) Ltd. and minority shareholders.Terms...
Dec 19 2023 // Aspen Insurance Holdings Limited, headquartered in Hamilton, Bermuda, appointed Michael Tate to the newly created role of inland marine – head of product & underwriting. Tate will be based in Chicago, Ill. Before...
Dec 18 2023 // Dale Underwriting Partners, the trading name for Dale Managing Agency’s Lloyd’s Syndicate 1729, announced that CVC has completed its investment in Dale.The completion of the transaction follows approval from...
Dec 12 2023 // Hiscox, the specialist global insurer, has collaborated with Google Cloud to create the first AI-enhanced lead underwriting model in the London market insurance industry.The collaboration combines Hiscox London...
Dec 8 2023 // U.S. property/casualty underwriting results deteriorated during the first nine months of 2023 to a loss of $32.2 billion.The result, highlighted in short financial review from AM Best, is $7.6 billion worse than the same...