Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Tech Update: Aon Updates Its Pricing Platform to Enhance Underwriting Decisions
May 10 2024 // Insurance broker Aon plc announced an update to its Pricing Platform that aims to bring enhanced visualization and automation capabilities to re/insurance underwriters. The software update has also added new business lines...
An Origin Story: The History of the Professional Liability Underwriting Society
May 3 2024 // The Professional Liability Underwriting Society (PLUS), as it exists today, does not have a written narrative or any acknowledgment on its website about how the organization was created, the timeline, the individuals...
Geopolitical Risks: Why Underwriters Are Watching Aggregations
May 2 2024 // Executive Summary: With instances of violent unrest rising across the globe in recent years, property all-risk insurance programs bore significant losses. One reason is that sublimits for strikes, riots and civil commotion...
Ryan Specialty Completes Acquisition of Castel Underwriting Agencies From Arch
May 1 2024 // Ryan Specialty, the Chicago-based international specialty insurance firm, announced it has completed the acquisition of Castel Underwriting Agencies from Arch Financial Holdings (UK) Ltd. and minority...
Agile Syndicate 2427 Gets Lloyd’s Approval to Begin Underwriting
May 1 2024 // Agile Underwriting Services has received approval from Lloyd’s to commence underwriting in May. Agile Underwriting Services Syndicate 2427 (AUS 2427) will be focused primarily on Australia and New Zealand and writing...
Amboss Underwriting Assumes Oilfield Insurance Agencies’ Downstream Portfolio
Apr 29 2024 // Zurich-based Lloyd’s coverholder Amboss Underwriting has assumed the portfolio of the Zurich branch of Oilfield Insurances Agencies. Effective April 17, 2024, the announcement marks the commencement of Amboss’...
Chubb CEO Greenberg: Some Financial Lines Underwriting Practices ‘Simply Dumb’
Apr 25 2024 // According to Chubb CEO Evan G. Greenberg, the insurance industry’s underwriting practices for a number of financial lines are “simply dumb.” In a call with analysts to discuss Chubb’s earnings for...
Chubb Records 13.3% Uptick in Q1 Net Income on Underwriting
Apr 23 2024 // Chubb started 2024 off with first quarter net income up 13.3%, compared to the same time a year ago, to about $2.1 billion. The first three months of 2024 followed a year Chubb CEO Evan G. Greenberg called the “best...
People Moves: Arch Insurance International Promotes Valder to Deputy CEO; Carbon Underwriting Taps Everest Re’s Crocker as Active Underwriter
Apr 23 2024 // This edition of International People Moves details appointments at Arch Insurance International and the MGA Carbon Underwriting. A summary of these new hires follow here. Arch Insurance International Promotes Valder to...
People Moves: AEGIS London Hires AIG’s Johnson and Lambert for New Cyber Underwriting Team; Markel Promotes Gordge to Head of Terrorism in London
Apr 19 2024 // This edition of International People Moves details appointments at Lloyd’s syndicate AEGIS London and Markel, the insurance operations within Markel Group. A summary of these new hires follows here. AEGIS London...
CFC Acquires Solution Underwriting in Australia
Apr 18 2024 // CFC, the London-based specialist insurer, announced it has agreed to acquire Australian managing general agent, Solution Underwriting. Financial details of the deal, which is expected to complete on April 30, 2024, were...
Jon Beckham Joins Amwins Program Underwriters
Apr 18 2024 // Long-time president Ben Francavilla announces plans to retire CHARLOTTE, N.C., April 18, 2024 – Amwins, a global distributor of specialty insurance products and services, today announced the appointment of Jon Beckham to...
People Moves: Reinke Joins Intact as Chief Underwriting Officer, Transactional Surety
Apr 16 2024 // Scott Reinke Scott Reinke joined Intact Insurance Specialty Solutions, headquartered in Plymouth, Minnesota, as chief underwriting officer for its transactional surety team. Reinke oversees surety’s commercial...
2023 Underwriting Losses Improve but Persist in US P/C Industry
Apr 15 2024 // The U.S. property/casualty insurance industry recorded a slight underwriting improvement in 2023, but losses persisted, according to a new AM Best report. Preliminary data from the global credit rating agency shows that...
Green Shield Risk, Striior Announce Wildfire Analytics and Underwriting Collaboration
Apr 11 2024 // Striior Insurance Solutions a managing general agent specializing in builder’s risk and a division of Intact Insurance Specialty Solutions, has partnered with Green Shield Risk Solutions, a Chicago-based catastrophe...
People Moves: AXIS Global Markets’ Head of Underwriting Robson to Retire, Succeeded by MacGregor; Newline Europe Names Beckers as Head of Cyber Liability
Apr 10 2024 // This edition of International People Moves details appointments at AXIS Global Markets and Newline Europe. A summary of these new hires follows here. AXIS Global Markets’ Head of Underwriting Robson to Retire,...
Applied Surety Underwriters Buys Majority of Argo’s In-Force Coal, Oil, Gas, Mining Biz
Apr 5 2024 // Applied Surety Underwriters (ASU), a subsidiary of Applied Underwriters’ United Risk division, announced it will acquire the majority of Argo Surety group’s in-force coal, oil, gas, and mining business. ASU...
People Moves: Leif Assurance Hires Galvan as Commercial Lines Account Manager; Applied Underwriters Names Holtmeier VP, Strategic Development, for M&A and Partnership Alliances
Apr 4 2024 // Leif Assurance Hires Galvan as Commercial Lines Account Manager Leif Assurance, headquartered in St. Louis, hired Mayra Galvan as commercial lines account manager. Galvan is responsible for managing clients’ renewal...
Amwins Program Underwriters Announces New Home Health Care HNOA Program
Apr 4 2024 // Comprehensive program provides coverage for home health care workers actively helping seniors where they need it most Charlotte, NC., April 4, 2024 — Amwins Program Underwriters (APU), part of the Amwins Underwriting...
People Moves: Upland Promotes Walas to Chief Underwriting Officer
Apr 3 2024 // Upland Capital Group, Inc., headquartered in Dallas, promoted Kate Walas to chief underwriting officer. Walas joined Upland as senior vice president for the professional liability errors and omissions product line. Before...
