All the headlines from our Underwriting Topic Page, ordered by recency.
Oct 13 2016 // After a notable 50-year insurance career that has included starting and leading two highly successful insurance brokers, 79-year-old Patrick Ryan didn’t mince words when asked if he will ever retire:“No.”...
Oct 11 2016 // Managing general agency and surplus lines broker J.M. Wilson has promoted Lynn Sansone to assistant property/casualty underwriter in Madison, Wisconsin. Sansone will focus on binding property/casualty business for...
Oct 10 2016 // Lemonade, the new peer-to-peer insurance company that opened for business last month, has named John Peters as its chief underwriting officer.At Lemonade, Peters will be responsible for insurance product terms and...
Oct 5 2016 // Private U.S. property/casualty insurers reported a $1.5 billion net underwriting loss in the first half of 2016— the first year-to-date net underwriting loss in more than three years— and saw their net income after...
Oct 4 2016 // Specialty insurer Markel International in London has appointed Mike Wimbridge as senior yacht underwriter to its marine, energy and property division. Joining Markel’s existing hull and war team led by Jason Page,...
Oct 3 2016 // Legal and regulatory squabbles in New York, California and other states involving Berkshire Hathaway and its Applied Underwriter affiliates over particular workers’ compensation products should not have any negative...
Oct 3 2016 // Getting employee buy-in may be the biggest key in getting a company to successfully adopt predictive analytics and other cutting-edge technologies, said Martin Welch, CEO of Hawaii Employers Mutual Insurance Co.Welch has...
Sep 26 2016 // Insurance brokers who sold allegedly illegal workers’ compensation products from Berkshire Hathaway affiliates involved in legal and regulatory troubles in New York and California could end up being strapped with...
Sep 26 2016 // ArgoGlobal, the Lloyd’s insurer and member of Argo Group, announced the launch of its Cyber division with the appointment of Russell Heaton as cyber class underwriter. He takes up his role with immediate effect and...
Sep 23 2016 // Asta, the Lloyd’s third party managing agent, announced it has received “in principle” approval* from the Lloyd’s Franchise Board to establish and manage Blenheim Syndicate 5886.Asta expects to...
Sep 22 2016 // Newly-launched managing general agency Verve Risk Partners plans to target U.S. professional and management liability risks, focusing on insurance companies and captives as well as insurance agents and brokers.The...
Sep 22 2016 // Appalachian Underwriters, Inc. has added a new property broker, Aaron Reilly, to the Sarasota, Fla., office. Reilly will be developing new business opportunities throughout the country in various property and casualty...
Sep 21 2016 // Orchid Underwriters, a specialty underwriter of excess & surplus insurance focusing on coastal properties, is expanding its commercial lines products into North Carolina and South Carolina. This is in addition to the...
Sep 19 2016 // Appalachian Underwriters Inc. has named Jeanette Budde Western regional vice president in the firm’s Scottsdale, Airz. office. Budde’s role will focus on profitably growing workers’ compensation business...
Sep 19 2016 // Catastrophes, lower favorable loss reserve development and challenging market conditions continued to pressure U.S. property/casualty insurers through the first half of the year, leading to an underwriting loss of...
Sep 19 2016 // The business outlook for the London insurance market is a familiar one across other global markets: underwriting profits are under pressure as ongoing soft market prices begin to take a toll.In separate reports on the...
Sep 19 2016 // Pat Kilkenny and Bob Kimmel put the K’s in K2 Insurance Services five years ago. That’s when they began using their combined 60 years of insurance experience to work buying up and developing businesses with the...
Sep 19 2016 // Workers’ compensation, the largest product segment in the U.S. commercial lines insurance sector, has experienced a recent profit renaissance, moving to a significant underwriting profit in 2015.However, long-term...
Sep 16 2016 // Specialist insurer XL Catlin has agreed to acquire Australia’s Brooklyn Underwriting from Paul Hines. Brooklyn is an underwriting agency in Australia and a Lloyd’s approved coverholder, that has been operating...
Sep 14 2016 // Insurance intermediary Towergate is forming a London underwriting centre to be led by David Leathem as London director of underwriting. The unit will focus on specialist London market product lines.Leathem will lead the...