All the headlines from our Underwriting Topic Page, ordered by recency.
Aug 31 2017 // Ascot Group Ltd. (AGL) announced the creation of Vertical Underwriting Managers, its first specialty managing general agency (MGA) cell under Ethos Specialty Insurance Services, AGL’s standalone MGAVertical will...
Aug 29 2017 // The U.S. property/casualty (P/C) industry recorded a net underwriting loss of $5.1 billion for the first six months of 2017, according to preliminary results, compared with a $2.0 billion loss in the same period a year...
Aug 24 2017 // CNA Hardy, a specialist commercial insurance provider for clients within the Lloyd’s and company markets, announced the appointment of James Fryer as class manager, mining specialist.Reporting to Lloyd Tunnicliffe,...
Aug 23 2017 // Last week, we started a conversation about some of the common insurtech claims. Last week, we mentioned the statement from one particular company about all the good that they do. If you missed last week’s post,...
Aug 22 2017 // Venture Programs, a national insurance program administrator based in West Chester, Penn., has added Brian Rawlings as senior underwriter to support FITLIFE, its new program for fitness, wellness and spa services.As senior...
Aug 21 2017 // QBE reported a healthy profit hike during first half of 2017, despite heightened claims activity in its Emerging Markets’ division, which reported a combined ratio of 110.8 percent. This poor performance has led to...
Aug 18 2017 // New Day Underwriting Managers, a Hamilton, N.J.-based specialty intermediary of environmental and construction-related professional liability insurance coverages, has named Bill Webb assistant vice president in the...
Aug 17 2017 // Managing general agency and surplus lines broker, J.M. Wilson, has added Mitchell Bailey as assistant transportation underwriter in its Portage, Michigan, office. Bailey is responsible for quoting new and renewal...
Aug 17 2017 // The four largest European reinsurers – Munich Re, Swiss Re, Hannover Re and SCOR – have largely maintained pricing and policy terms without a significant drop in their business volumes, despite relentless soft market...
Aug 17 2017 // Pioneer Special Risk has launched a new optional coverage expansion for specialty contractors that offers them the option of including incidental contractors pollution coverage, traditionally required as part of their...
Aug 15 2017 // First of Two ArticlesAfter 44 years in the insurance business, Stephen Catlin is retiring at the end of 2017. While he’ll be retiring from his role as executive deputy chairman of XL Group, he emphasizes that he...
Aug 15 2017 // Things could get rougher for global reinsurers if annual natural catastrophe claims keep moving closer to the long-term average, Standard & Poor’s said in a new report.It turns out that upward trend has been...
Aug 15 2017 // Startup insurtechs need partnerships more than they need money from insurance carriers, according to one leading venture capitalist actively funding insurance technology firms.Venture firm XL Innovate’s Martha...
Aug 14 2017 // Independent agents and brokers who work primarily in personal lines believe competitive pricing, carrier technology and customer service will be more important in five years than they are now. The sentiment is quite...
Aug 11 2017 // Velocity Risk Underwriters is expanding its Texas insurance product offerings to include HO-3 for primary and secondary coastal homeowners.Velocity offers its A.M. Best “A” rated coastal homeowners programs in...
Aug 8 2017 // Markel International, the the London-based specialist insurer and Markel Corp. subsidiary, has appointed Alex Holcroft as political risk underwriter in Singapore. He joins the existing trade credit and political risk team...
Aug 7 2017 // Warren Buffett’s Berkshire Hathaway insurance and reinsurance businesses lost money or gained less in underwriting in the second quarter and first six months of 2017 compared to last year while his railroad,...
Aug 7 2017 // Pulling the wool over the insurance company’s eyes seems like a victimless crime. After all, if a few dollars are saved by saying a car is a personal vehicle instead of the commercial work truck it really is, who...
Aug 7 2017 // Insurance is a very simple business.“You take in some money, you spend some money and you lose some money, and God willing, you have some left at the end of the day,” according to Anthony (Tony) Markel, vice...
Jul 31 2017 // Dale Underwriting Partners, managed by Lloyd’s third party managing agency Asta, announced it has been granted “in principle” approval by the Lloyd’s Franchise Board to establish a special purpose...