All the headlines from our Underwriting Topic Page, ordered by recency.
Sep 12 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 a new AM Best...
Sep 7 2023 // Everest Insurance® Division Names Higham Head of Everest Underwriting PartnersEverest Group, Ltd. appointed Charlie Higham as senior vice president and head of Everest Underwriting Partners. He succeeds Brian Drum, who...
Sep 6 2023 // Reinsurers reported “a robust increase” in their capital base, improved underwriting profits as well as higher returns on equity and investment income, according to a Gallagher Re report.The reinsurance...
Sep 4 2023 // Significant progress has been made in advancing vendors’ cyber catastrophe models, but a notable degree of variability exists across model outputs, which can pose a challenge to insurance and reinsurance companies as...
Sep 1 2023 // Hurricane Idalia, with estimates of insured losses as low as $2 billion, will nonetheless affect underwriting results for a number of carriers, the AM Best financial rating firm said in a report released...
Aug 30 2023 // This edition of International People Moves details appointments at Starr Insurance, Arch Reinsurance and Fidelis MGU.A summary of these new hires follows here. Starr Names Chen CEO of Starr SingaporeStarr Insurance...
Aug 25 2023 // A former Swiss Re underwriter has been awarded nearly 1.3 million pounds ($1.6 million) by a London employment tribunal for sexual discrimination and unfair dismissal.Julia Sommer joined Zurich-based Swiss Re in 2017 as a...
Aug 18 2023 // Ryan Specialty Appoints Guerville to Chief Underwriting Officer of Ryan Specialty Underwriting Managers Ryan Specialty, headquartered in Chicago, Ill. appointed Kathy Guerville to chief underwriting officer of its...
Aug 10 2023 // This post is part of a series sponsored by Insurance Quantified.Recently, while catching up with a longtime insurance executive, I asked him about the highlights of his career. This person had traveled the world to meet...
Aug 8 2023 // The overall property/casualty industry is expected to finish 2023 with a net combined ratio of 102.2, according to a recent webinar by the Insurance Information Institute (Triple-I) and Milliman.Triple-I and Milliman...
Aug 8 2023 // U.S.-based insurers have invested hundreds of billions of dollars in fossil fuel-related assets which in turn contribute to the risk of climate-related damage to the underwriting side of their businesses, a new report said...
Aug 8 2023 // This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance (BHSI), Trans Re and CNA Hardy.A summary of these new hires follows here. BHSI Names AIG’s Bidmead as Head of...
Aug 7 2023 // DUAL, the London-based managing general agent, announced the acquisition of David Ashby Underwriting Ltd. (DAU), an MGA that specializes in bloodstock and high value sports horse insurance.Financial details of the deal...
Aug 7 2023 // Automation is central to many carriers, MGUs and agents as they grow their business and work to keep pace with rapidly advancing technologies. In recent years, underwriting has become much more technology- and data-driven,...
Aug 1 2023 // Los Angeles, CA., July 31, 2023 – ProFinity Insurance Services, a specialty MGA focused on professional liability solutions for a variety of niche industries, today announced the appointment of Lionel Béjean as Senior...
Aug 1 2023 // Pen Underwriting, the London-based managing general agent and Gallagher subsidiary, announced changes to its divisional structure to bring together core underwriting capabilities and expertise, for the benefit of its...
Aug 1 2023 // Significant progress has been made in advancing vendor’s cyber catastrophe models, but a notable degree of variability exists across model outputs, which can pose a challenge to insurance and reinsurance companies as...
Jul 28 2023 // This post is part of a series sponsored by Insurance Quantified.“I Know, You Don’t Have Time to Read This. You’re Drowning in Submissions.” I’ve had the opportunity to spend part of my career...
Jul 27 2023 // American International Group said Christopher Schaper, currently CEO of AIG Re, has been named global chief underwriting officer of AIG, effective as of the closing of the previously announced sale of Validus Re to...
Jul 24 2023 // This edition of International People Moves details appointments at Arch Insurance, Canopius, and Willis Towers Watson (WTW).A summary of these new hires follows here. Arch Promotes Blois to U/W Manager, Hires 3 PI...