Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Hamilton’s Pembroke Managing Agency Forms Cyber Team, Launches Cyber Product
Nov 6 2019 // Hamilton Insurance Group Ltd. announced the launch of a new team of underwriters at the recently acquired Pembroke Managing Agency Ltd. and the development of a new cyber product. Pembroke’s four-person cyber team is...
The Lowdown: Cannabis 101 in 300 Minutes or Less
Nov 5 2019 // On October 17th, the Insurance Journal hosted a virtual, 6 hour, live summit on insuring the cannabis industry. With 2,300 pre-registrants, an additional 200 joined in as the day progressed. These viewers represented over...
Court Orders California Insurance Company Conserved in Another Round in Applied Battle
Nov 5 2019 // Note: This story has been updated with a response from an Applied spokesman describing the actions by the California Department of Insurance as “an unusual Draconian attempt.” A San Mateo County Superior Court...
AccuRisk Solutions Completes Acquisition of M-D Underwriting of Tennessee
Nov 5 2019 // AccuRisk Solutions LLC has completed its acquisition of M-D Underwriting Services, Inc. (MDU), a Franklin, Tenn.-based medical stop loss MGU. AccuRisk CEO Dan Boisvert said the company will add MDU President and Cathy...
AIG’s P/C Underwriting Results for Q3 Hit by Catastrophes But Not as Badly as Year Ago
Nov 1 2019 // Catastrophe losses prevented American International Group from having a third quarter in a row of property/casualty underwriting profit this year, following many years of losses. AIG said that its General Insurance unit...
Beazley Makes Two New Underwriting Appointments to Its New York Team
Nov 1 2019 // Specialist insurer Beazley has appointed Matthew Westhoff as head of U.S. large commercial property based in New York. Reporting to Beazley’s global head of commercial property, Simon Jackson, Westhoff will manage...
Velocity Risk Underwriters Expands Coverage to Coastal Homeowners in New Jersey
Oct 31 2019 // Velocity Risk Underwriters, LLC, has expanded its home insurance products to include coastal homeowners policies in New Jersey. According to Jose de Diego, director of Independent Agencies, New Jersey is the sixth state...
Chubb Continued Performing at ‘High Level’ in Q3
Oct 30 2019 // Global insurer Chubb reported a banner 2019 third quarter, even though the company’s net income took a hit largely from losses relating to an accounting adjustment. Net income for the insurer reached $1 billion...
Beazley Appoints Smith as Miscellaneous Medical Underwriter in Georgia
Oct 30 2019 // Specialist insurer Beazley has appointed Hannah Smith as a miscellaneous medical underwriter within its U.S. healthcare team. Based in Atlanta, Ga., Smith will underwrite a range of miscellaneous medical professional...
How Specialty Carriers Approach Product Innovation: Research, Repeat and Reuse
Oct 30 2019 // “The industry really does look to specialty writers to be at the forefront of innovation,” says Gail McGiffin. Specialty insurance carriers have a unique “toolset” that helps them grow through...
Accredited Surety Unveils Program Underwriting Partnership for Western States
Oct 29 2019 // Accredited Surety and Casualty Co. Inc., a Florida-domiciled insurance company licensed to write admitted business in all 50 states, has entered into a new program partnership with M.G. Skinner & Associates Insurance...
Beazley Beefs Up U.S. Large Property Team with Berkshire’s Westhoff, Ironshore’s Irwin
Oct 29 2019 // Specialist insurer Beazley has appointed Matthew Westhoff as head of U.S. large commercial property based in New York. Westhoff will manage the US-based team, working alongside the property team in London. He brings 16...
BHSI Forms Construction, Casualty Teams in France, Led by AXA XL’s Antiphon, Bonifay
Oct 29 2019 // Berkshire Hathaway Specialty Insurance (BHSI) announced it has commenced underwriting casualty and construction insurance in France and filled two key in-country leadership posts, naming Olivier Antiphon as head of...
Schweisthal Named Asst. Surety Underwriter at J.M. Wilson in Indiana
Oct 25 2019 // Managing general agency and surplus lines broker J.M. Wilson has added Grant Schweisthal as an assistant surety underwriter in its Carmel, Indiana, office. He is responsible for assisting surety underwriters on a wide...
Profit Lessons in Commercial Auto, Workers Comp and Other Business
Oct 25 2019 // Progressive has a competitive edge over long-term players in the commercial auto insurance market and national carriers outpace regionals on workers compensation profit measures, according to a new report from Guy...
New Mexico Explains Role in Enabling Applied Underwriters Sale
Oct 24 2019 // The growing drama behind the $920 million sale of Berkshire Hathaway-owned Applied Underwriters to its founder Steven Menzies got another voice added to the story. The New Mexico Office of Superintendent of Insurance on...
Reinsurers Maintain Upward Pricing Momentum-But Will It Last?
Oct 24 2019 // Positive pricing momentum—it’s the favorite phrase of many reinsurance executives, who are hoping that the momentum they’ve seen in 2019 will continue during the coming January renewals and beyond. The...
Applied Underwriters Responds to California Department of Insurance Effort to Halt Sale
Oct 23 2019 // Applied Underwriters executives have responded to efforts by the California Department of Insurance to halt the sale of one of its subsidiaries and threaten to upend a reported $920 million deal that’s been in the...
Velocity Risk Underwriters Expands Coverage to Coastal Homeowners in New Jersey
Oct 23 2019 // Velocity Risk Underwriters LLC has expanded its home insurance products and now offers coastal homeowners policies in New Jersey. This makes New Jersey the sixth state where the company offers homeowners insurance to...
Risk Strategies to Offer Cyber Risk Management Platform Underwritten by Berkley
Oct 23 2019 // Risk Strategies, a privately held national insurance brokerage and risk management firm, has launched the Cyber Resolute offering that combines new technology with smarter processes and specialized coverage. Cyber Resolute...
