Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
AIG: Net-Zero Greenhouse Gas Emissions in Underwriting, Investments by 2050
Mar 1 2022 // American International Group said it is committing to net-zero greenhouse gas emissions within its underwriting and investment portfolios by 2050. “AIG is focused on the realities of climate change,” said Peter...
Berkshire’s GEICO Posts 2021 Profit Much Lower Than 2020
Feb 28 2022 // Although Berkshire Hathaway’s biggest insurance operation GEICO reported a 63 percent drop in pretax underwriting income in 2021, overall the conglomerate’s insurance and reinsurance operations saw pretax...
U.S. P/C Industry Grew Surplus Despite Underwriting Loss in 2021
Feb 24 2022 // Insurance rating agency AM Best said it expects the U.S. property/casualty insurance industry to record an increase in surplus in 2021 thanks to investment income and capital gains improvements despite booking an...
Applied Underwriters to Buy Catlin Specialty From AXA XL
Feb 24 2022 // Applied Underwriters said it will acquire Catlin Specialty Insurance Company from the AXA XL group of companies. Applied said it will consolidate Catlin into the North American Casualty group of companies in a move...
Startup MGA Rising Edge Targets Low-Layer D&O Business
Feb 24 2022 // The co-founders of London-based Rising Edge aimed to create something different when they decided to launch a managing general agent in 2021, which focuses solely on directors and officers liability insurance. CEO Philippe...
Nexus Underwriting Management Ltd. to Be Renamed Kentro Capital Ltd.
Feb 23 2022 // Nexus Underwriting Management Ltd. (NUML), the London-based specialty managing general agent and intermediary, announced it will be renamed Kentro Capital Ltd. Nexus Underwriting (Nexus), the specialty MGA, and Xenia...
Fundamental Underwriters Expands Commercial Trucking Product Into Three More States
Feb 22 2022 // Fundamental Underwriters, a specialty managing general underwriter, announced today that it would expand its mid-market commercial trucking insurance product offerings into three additional states – Louisiana, Michigan...
People Moves: Johnston, Skiba Join Irwin Siegel; MEMIC Adds Newton, Cosey; O’Neill Joins McGriff
Feb 22 2022 // Irwin Siegel Adds to Executive Management Team Rock Hill, New York-based program manager Irwin Siegel Agency (ISA) announced two additions to its executive management team. Jennifer Johnston has joined the company as vice...
People Moves: Insurtech BOXX Canada Hires Beazley’s Baker as President; Williams Takes Role of M.D., Hiscox Guernsey; AXA XL Names Wells U/W, Marine – UK & Lloyd’s
Feb 22 2022 // This edition of International People Moves details appointments at insurtech BOXX Insurance, Hiscox and AXA XL. A summary of these new hires follows here. Cyber Insurtech BOXX Canada Hires Beazley’s Baker as...
People Moves: AXA XL Promotes De Rosa to Head of Construction & Engineering, Reinsurance; IGI Taps Arch’s Tsielepis as CRO; Aqueous Hires 3 Underwriters
Feb 18 2022 // This edition of International People Moves includes appointments at AXA XL, International General Insurance Holdings and MGA Aqueous Underwriting. A summary of these new hires follows here. AXA XL to Promote De Rosa to...
Asta and JPO Consulting Launch ARTes, an MGA Specializing in U.S. Inland Marine
Feb 17 2022 // Asta, the third-party managing agent at Lloyd’s, and JPO Consulting, announced the launch of ARTes Specialty Ltd., an independent UK-based managing general agent (MGA), wholly owned by its founders and...
People Moves: BHSI Promotes Alder-Smurthwaite, Emson for UK Casualty; Marsh Names Faull Head of Climate & Sustainability Risk; MS Amlin Appoints 4 for Risk Team
Feb 17 2022 // This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance (BHSI), Marsh and MS Amlin Underwriting Ltd. A summary of these new hires follows here. BHSI Promotes...
AIG Returns to Profit on Improved P/C Insurance Underwriting, Lower Catastrophes
Feb 17 2022 // Global insurer American International Group (AIG) reported strong fourth quarter and year-end results led by the performance of its General Insurance business. After reporting a net loss of $60 million in the fourth...
Investment Gains Float Weight of $5.6B Underwriting Loss for U.S. P/C Insurers in Nine Months 2021
Feb 15 2022 // An increase in capital gains on investments is largely credited with lifting the after-tax net income of private U.S. property/casualty insurers to $42.1 billion over nine months in 2021 compared to $35.2 billion during...
People Moves: Conduit Re Names Roberts CUO; Brit Appoints Hodgkins as Cyber Underwriting Consultant; Oneglobal Hires Gallagher’s de Lima as CEO, Andean Region
Feb 15 2022 // This edition of International People Moves details appointments at Conduit Re, Brit Ltd. and Oneglobal Broking. A summary of these new hires follows here. Conduit Re Names Roberts as Chief Underwriting Officer Greg...
People Moves: Burns & Wilcox Adds 5 to Private Client and Flood; AmTrust Forms New E&S Leadership Team Led by Bublitz
Feb 14 2022 // Wholesale insurance broker Burns & Wilcox has added five new associates across the country to its private client and flood teams within its Personal Insurance practice group. The professionals joining Burns &...
People Moves: Great American P&C Promotes Cohen, Kadnar; Markel Adds Hiscox’s Wakeham as U.S. Terrorism Underwriter
Feb 11 2022 // Great American Insurance Group has promoted Jason M. Cohen to senior vice president and Julie F. Kadnar to divisional group president within its Property & Casualty Group. In 2006, Cohen joined the company as...
People Moves: Liberty Specialty Mkts Names Beattie Head of War & Terrorism; New Dawn Risk Hires Aon’s Khan for Professional Risks, Lothbury’s Vernon for Healthcare/Life Sciences
Feb 10 2022 // This edition of International People Moves details appointments at Liberty Specialty Markets and broker New Dawn Risk. A summary of these new hires follows here. Liberty Specialty Markets Names Beattie as Global Head of...
NFP Acquires East Coast Underwriters, Blue Ridge Captive Firm
Feb 9 2022 // NFP, a global insurance broker and consultant, has acquired East Coast Underwriters and Blue Ridge Captive Solutions, expanding NFP’s medical stop-loss and self-funded group captive lines of business, the company...
People Moves: Brace Underwriting Adds Dorr; Brown & Riding Expands in New York; Mead Heads Vermont Captives
Feb 8 2022 // Brace Bolsters North America Team with Dorr Brace Underwriting Limited announced the appointment of Glenn Dorr as head of distribution, North America, continuing the firm’s expansion. Based in Boston, Dorr will help...
