Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Applied Underwriters to Acquire UK Yacht Insurance MGA, Concept Special Risks
Feb 4 2021 // Applied Underwriters announced it will acquire Concept Special Risks, a UK-based international managing general agent, which provides coverage for a variety of nautical vessels and operators across the globe. Based in...
Iowa’s CGA Insurance Services Launches Managing General Underwriter Program
Feb 3 2021 // West Des Moines, Iowa-based Career General Agency LLC (CGA Insurance Services), a subsidiary of GuideOne Insurance, has launched a managing general underwriter (MGU) program with its newly developed CGA Energy...
Maury, Donnelly & Parr, Kastendike Insurance Group Acquire Northeastern Underwriters
Feb 3 2021 // Maury, Donnelly & Parr Inc. (MDP) and the Kastendike Insurance Group (KIG) has acquired Connecticut-based Northeastern Underwriters LTD. (NEU). The transaction became effective January 1, 2021. As part of the...
Hiscox Appoints Nolan from Canopius to Lead Cargo Underwriting Team
Feb 3 2021 // Hiscox, the specialist global insurer, has appointed Aimee Nolan to head up its London Market cargo underwriting team. As cargo line underwriter, Nolan will be based in Hiscox’s London office, reporting to Mike...
As Insurers Exit Coal Underwriting, They May Find It’s Good for Stock Valuations
Feb 2 2021 // As far as climate groups like the Sunrise Project are concerned, getting insurers out of the coal underwriting business is the most important thing they can do. No more insurance, no more coal. It’s something Sunrise...
International Underwriting Association Elects Zurich’s Kuchinski as Chairman
Feb 1 2021 // Robert Kuchinski, head of Commercial Insurance at Zurich UK, has been elected as the new chairman of the International Underwriting Association (IUA). He replaces Patrick Tiernan who recently announced he would be leaving...
Coalition Adds 5 Hires to Middle Market Production Underwriting Team
Jan 29 2021 // Coalition has appointed five new production underwriters to help grow and serve the company’s middle market relationships. New Coalition production underwriting team members include: Andrew Cross, based in San...
AXA XL Names Colao as Global Chief Underwriting Officer for Cyber
Jan 28 2021 // AXA XL announced that Michael Colao, who has 20 years experience in financial services cyber security, has been named global chief underwriting officer for Cyber. Colao will manage aggregate cyber exposure across AXA...
Why Underwrite?
Jan 25 2021 // The title of a recent article I read was, “The Race to Zero in Small Commercial.” Zero referred to zero underwriting questions. No application required. I think that even beats the already existing three...
Viewpoint: Cyber Insurance Policies Are Challenging to Underwrite. AI Can Help.
Jan 20 2021 // Advancements in artificial intelligence are in many ways a double-edged sword for the cyber insurance industry. Increasingly diverse and sophisticated cyber attacks have dramatically increased the demand for cyber...
Applied Specialty Underwriters Names Black to Lead Middle Market Surplus Lines
Jan 19 2021 // Applied Underwriters has named John Black, Sr., CPCU, to lead its expansion into middle market surplus lines. As executive vice president of the newly-expanded Applied Specialty Underwriters, Black, who has 35 years of...
Sierra Specialty in California Names Sunderland Senior Underwriter
Jan 19 2021 // Clovis, Calif.-based Sierra Specialty Insurance Services has added Chris Sunderland as a senior property/casualty underwriter. Sunderland previously co-founded International Property & Casualty Insurance Brokers of...
Pen Underwriting Extends Long-Term Partnership with Zurich to Provide Fleet Capacity
Jan 7 2021 // Pen Underwriting, the UK-based managing general agent, announced a new long-term UK capacity deal with Zurich Insurance in the specialist area of hazardous industries and tanker transportation, building on a strategic...
Platinum Specialty Underwriters Acquires IPC in Nevada
Jan 5 2021 // Platinum Specialty Underwriters has acquired International Property & Casualty Insurance Brokers of Nevada Inc. IPC will continue to operate under its established brand name. Terms of the deal weren’t...
Applied Underwriters Continues Major Expansion with D&O Unit Headed by AIG’s McGill
Jan 4 2021 // Fast-growing specialty lines insurer Applied Underwriters announced the creation of a U.S. based division of its Applied Financial Lines business unit to provide directors and officers (D&O) coverages in the U.S. The...
Constellation Affiliated Acquires Coastal Insurance Underwriters, Cybercom of Florida
Dec 30 2020 // Constellation Affiliated Partners has acquired Florida-based MGU Coastal Insurance Underwriters and Cybercom. Financial terms of the transaction were not disclosed. Coastal Insurance Underwriters, founded by President and...
Papadopoulo Promoted to President, Chief Underwriting Officer of Arch Capital Group
Dec 29 2020 // Arch Capital Group Ltd. (ACGL) announced that Nicolas Papadopoulo will be promoted to the position of president and chief underwriting officer, effective Jan. 1, 2021. Papadopoulo joined Arch in 2001 and currently serves...
Applied Underwriters Hires 3 from AIG to Lead New Fine Art and Collectibles Unit
Dec 28 2020 // Insurer Applied Underwriters has named three executives from AIG’s Private Client Group to develop its new Applied Fine Art and Collectibles business unit that is based in New York. Ronald Fiamma will serve as...
J.M. Wilson Promotes Gibbons to Sr. Transportation Underwriter in Ohio
Dec 23 2020 // Managing general agency and surplus lines insurance broker J.M. Wilson has promoted Ryan Gibbons as senior transportation underwriter in its Westerville, Ohio. office. Gibbons is responsible for underwriting new and...
JM Wilson Adds Yohn as Assistant Transportation Underwriter in South Carolina
Dec 21 2020 // JM Wilson has has hired Jamie Yohn as assistant transportation underwriter in its Charleston, S.C., office. Jamie Yohn Yohn is responsible for assisting underwriters on a wide variety of transportation risks, quoting new...
