Latest Underwriting Headlines

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

People Moves: kWh Analytics in California Names McLean Chief Underwriting Officer

Dec 6 2023 // kWh Analytics, headquartered in San Francisco, Calif., named Isaac McLean as the company’s chief underwriting officer. McLean has more than 18 years of insurance experience, previously serving as head of property...

World Insurance Purchases Exchange Underwriters From Pennsylvania Bank

Dec 4 2023 // Insurance broker World Insurance Associates has purchased the personal and commercial insurance agency Exchange Underwriters, Inc. from CB Financial Services, Inc., the holding company for Pennsylvania-based Community...

People Moves: Liberty Mutual Re Names Swiss Re’s Chisolm as Senior Underwriting Exec; Everest Insurance Int’l Appoints 2 Senior Leaders in Asia

Nov 27 2023 // This edition of International People Moves details appointments at Liberty Mutual Reinsurance and Everest Insurance International.A summary of these new hires follows here. Liberty Mutual Re Names Swiss Re’s Chisolm...

People Moves: Balch Now President of Berkley Technology Underwriters; Lieberman to Lead Lockton’s US Financial Services Claims

Nov 15 2023 // W.R. Berkley Corporation Names Balch President of Berkley Technology UnderwritersW.R. Berkley Corporation, headquartered in Greenwich, Conn., appointed Christopher H. Balch as president of Berkley Technology Underwriters,...

Markets/Coverages: Florida Citizens Taps Verisk Aerial Imagery for Underwriting

Nov 10 2023 // Verisk, a global data analytics and technology provider, announced that Citizens Property Insurance Corp., the residual, not-for-profit insurer in Florida, will adopt Verisk’s aerial imagery analytics solution. The...

Applied Underwriters Unveils Specialist MGA Unit, Led by Ex-SiriusPoint CEO Malloy

Nov 9 2023 // Applied Underwriters has launched a new holding company called “United Risk,” which brings together the company’s MGA and MGU businesses under a single brand. Former SiriusPoint executive Dan Malloy has...

Commercial Auto Up Against Persistent Headwinds to Underwriting Profit: AM Best Report

Nov 6 2023 // Underwriting losses in U.S. commercial auto have returned to pre-pandemic levels and rate increases have not been enough to keep up with severity trends.“The liability component has been more problematic than the...

Mission Underwriters US Welcomes Jim Dwane as New Chief Executive Officer

Oct 31 2023 // October 31, 2023, Scottsdale, AZ – Mission Underwriting Managers (‘Mission’) a leading insurance program administrator, today announced the appointment of Jim Dwane as its new Chief Executive Officer,...

People Moves: QBE Germany Appoints 2 Marine U/Ws; BHSI Names Jaghbir as Underwriting Manager in Queensland, Australia

Oct 25 2023 // This edition of International People Moves details appointments at QBE Germany and Berkshire Hathaway Specialty Insurance (BHSI).A summary of these new hires follows here. QBE Germany Appoints 2 Marine U/WsQBE Germany has...

Brown & Brown Acquires Assets of Pacific Underwriters in Washington

Oct 17 2023 // A subsidiary of Brown & Brown Inc. has acquired substantially all of the assets of Pacific Underwriters. Following the acquisition, the Pacific Underwriters team will continue doing business from their existing...

Markets/Coverages: Howden Launches Innovation Hub With £500M of Delegated Underwriting Capacity, Commits £10M for Insurtech Funding

Oct 16 2023 // Howden, the London-based insurance group, has launched Howden Ventures, subject to Lloyd’s approval, with £500 million ($607.1 million) of delegated underwriting capacity, to create an investment and risk incubator...

People Moves: DUAL Launches Marine Hub in Rotterdam, Hiring 2 Former MS Amlin Underwriters; Generali Taps Allianz’s Terzariol to Lead Newly Created Insurance Division

Oct 4 2023 // This edition of International People Moves details appointments at DUAL Europe and Generali.A summary of these new hires follows here. DUAL Launches Marine Hub in Rotterdam, Hiring 2 Former MS Amlin UnderwritersDUAL Europe...

Commercial Auto Up Against Persistent Headwinds to Underwriting Profit

Oct 4 2023 // Underwriting losses in U.S. commercial auto have returned to pre-pandemic levels and rate increases have not been enough to keep up with severity trends.“The liability component has been more problematic than the...

First-Half P/C Underwriting Loss Just $2B Shy of Loss for All of 2022

Oct 2 2023 // The total net underwriting loss of $24.5 billion for the U.S. property/casualty industry after the first six months of 2023 is $2 billion less than total losses recorded for all of 2022, according to AM Best.Catastrophe...

European Insurers Underwrite 30% of US Coal: Study

Sep 28 2023 // Some of Europe’s biggest insurers are underwriting close to a third of the coal production that takes place in the US, even after pledging to target net zero emissions, according to a report by climate campaign group...

MGA iprism Purchases Property-Focused MGA, SK Underwriting

Sep 25 2023 // iprism, the London-based construction, property, commercial and high-net-worth MGA, announced the acquisition of property-focused MGA, SK Underwriting Ltd. for an undisclosed amount.Kent, England-based SK Underwriting was...

Woodruff Sawyer: Softer D&O Market Still Offers Concerns for Underwriters

Sep 19 2023 // While concerns about a “tsunami of pandemic-related litigation” never quite materialized, according to Woodruff Sawyer in its latest D&O Looking Ahead Guide for 2023, those fears have been replaced with a...

Private Equity Firm CVC Invests in Dale Underwriting to Boost Growth at Lloyd’s

Sep 18 2023 // Dale Underwriting Partners, the trading name for Dale Managing Agency’s Lloyd’s Syndicate 1729, has agreed a strategic partnership with CVC, a leading global private markets manager with €161 billion of...

Burns & Wilcox Acquires Alabama-based Environmental Underwriting Solutions

Sep 13 2023 // Burns & Wilcox, the wholesale insurance brokerage, has agreed to acquire Alabama-based Environmental Underwriting Solutions, a wholesale broker specializing in complex environmental exposures, from Insurance Office of...

People Moves: Mosaic Builds Team of Underwriting Specialists in Canada; Everest Re Taps PartnerRe’s Schiattone as Global Head of Financial Risk

Sep 12 2023 // This edition of International People Moves details appointments at Mosaic and Everest Reinsurance.A summary of these new hires follows here. Mosaic Expands Team of Underwriting Specialists in CanadaMosaic Insurance has...