Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Assessing Delegated Underwriting Authorities, MGAs: AM Best Explains
Mar 18 2021 // Over the last decade, as insurers and reinsurers have sought profitable opportunities for growth, they increasingly have handed the underwriting pen to managing general agents, managing general underwriters, program...
Swiss Re Announces Net-Zero Climate Targets in Underwriting, Investments
Mar 16 2021 // Swiss Re announced new measures to support the transition to a net-zero economy by 2050, which encompass re/insurance underwriting, asset management and its own operations. “Climate change remains the biggest...
Zurich NA Names Heintz Underwriting Manager for South Central Region
Mar 9 2021 // Jim Heintz has been appointed as underwriting manager for property/casualty insurer Zurich North America’s South Central area. In his role as underwriting manager for the South Central area, Heintz will be...
Mosaic Begins Underwriting War, Terrorism & Political Violence Risks Globally
Mar 9 2021 // Mosaic, the new Bermuda-based global specialty insurer, announced it has begun underwriting war, terrorism and political violence risks globally out of offices in London and New York. Mosaic will offer tailored coverage...
Appalachian Underwriters Insurance Pros in Dallas Step Up During Winter Storm
Mar 8 2021 // In mid-February, when a severe cold front came down from the North Pole and swept across the nation and record snowfall and low temperatures froze society in its tracks, insurance professionals were ready to lend a helping...
Nebraska’s Applied Underwriters Promotes 4 in Actuarial Department
Mar 1 2021 // Justin Smith, Jing Hong, Joan Klucarich and Jordan Comacchio have been promoted at Omaha, Nebraska-based global insurance and risk services firm Applied Underwriters, which is expanding its actuarial faculty and...
GEICO Drives Up Berkshire 2020 Underwriting Profit
Mar 1 2021 // With GEICO’s 2020 underwriting profit more than doubling above the level recorded in 2019, Berkshire Hathaway’s full-year property/casualty underwriting income was in the black, even though the...
Lloyd’s Plans to Re-Open Underwriting Room on May 17
Mar 1 2021 // Lloyd’s announced on Friday, Feb. 26 that it plans to re-open its London underwriting room and corporation offices on May 17. To manage capacity and ensure the market is COVID-secure, it will once again apply a class...
Applied Underwriters’ Centauri Insurance Acquires Gulfstream Renewals
Feb 23 2021 // Applied Underwriters’ Centauri Insurance has acquired the renewal rights to approximately 16,700 policies across Alabama, Louisiana, and South Carolina from Gulfstream Property and Casualty Insurance Co. and...
Lloyd’s Expects to Reopen Underwriting Room in April or May
Feb 19 2021 // Lloyd’s expects to reopen its underwriting room on Lime Street in London after Easter from April 12, or after the early May UK holiday on May 4. The decision will depend on the UK government’s update on the...
Fitch Sees ‘Modest’ Homeowners Insurance Underwriting Loss for 2020
Feb 19 2021 // The homeowners insurance industry is poised to shift to a modest underwriting loss for 2020, reports Fitch Ratings, citing losses from natural catastrophes and managing operations amid the global pandemic. However, barring...
Palomar Teams Up with Austin’s Technical Risk Underwriters on Builder’s Risk
Feb 18 2021 // Palomar Holdings Inc., a specialty property insurance headquartered in La Jolla, Calif., has forged an agreement with Technical Risk Underwriters (TRU), an Austin, Texas-based subsidiary of Ryan Specialty Group LLC (RSG),...
AIG Sees ‘Continued Progress’ Despite P/C Underwriting Loss of $171 Million in Q4
Feb 17 2021 // American International Group’s property/casualty business booked a $171 million underwriting loss in the 2020 fourth quarter, barely a year after the insurer celebrated the division’s return to...
Monahan Returns to Appalachian Underwriters in Florida as P&C Senior Broker
Feb 17 2021 // Appalachian Underwriters, Inc. (AUI) has appointed Kimberly Monahan to its Brokerage Department as a property and casualty broker. Monahan is located in Daytona Beach, Fla., and will be working to cover the Northeast Coast...
Applied Underwriters Acquires Oklahoma Property and Casualty Insurance
Feb 16 2021 // Applied Underwriters’ affiliate, North American Casualty Co., has completed its acquisition of Oklahoma City-based Oklahoma Property and Casualty Insurance Co. (OP&C). Applied Underwriters plans to make various...
McGowan Joins Resilience from Beazley as VP, Cyber Underwriter in Chicago
Feb 10 2021 // Resilience, which provides insurance coverage and patented cybersecurity tools to protect mid-market companies, has added Kevin McGowan as vice president in its cyber underwriting unit. McGowan joins Resilience from...
Chubb Global Markets Creates New Energy Underwriting Team
Feb 10 2021 // Chubb announced the creation of a new energy team in Chubb Global Markets (CGM) that will underwrite and serve as a center of excellence for all large corporate energy customers in EMEA, Asia Pacific and Latin America. CGM...
ES Risks & FocusPoint International Announce New Solution with Certain Underwriters at Lloyd’s of London to Provide World Class Response Under ‘Crisis Bulwark’ Facility
Feb 9 2021 // London, UK, FEBRUARY 9, 2021 – ES Risks and FocusPoint International (FPI) announce a new offering with Lloyd’s of London, that will bring world-class crisis response and technology into the product concept to be...
Applied Underwriters Closes on Acquisition of Centauri Insurance Companies
Feb 8 2021 // Applied Underwriters has completed its acquisition of Centauri Specialty Insurance Co. and Centauri National Insurance Co., based in Sarasota, Florida. Florida, Louisiana and Texas regulators have approved the transaction....
Workers’ Compensation Underwriters Under the Gun to Understand Pandemic Data
Feb 4 2021 // Workers’ compensation underwriters are about to be tested in the marketplace like never before. While the current situation is not all because of the pandemic, the pandemic has “put gas on a fire that was...
