Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Another View: Yes, P/C Industry Underwriting Profit Will Be Back in ’24
Jan 19 2024 // Not all analysts think an underwriting profit is out of reach for 2024. While a recent forecast from Fitch Ratings puts the 2024 combined ratio above 100, an improvement from 2023, a report by Swiss Re Institute projects...
Majority of Underwriters Predict Cyber Risks Grow ‘Greatly’ in 2024: Survey
Jan 18 2024 // Underwriters who thought the growing cyber risk landscape of the past several years would level off soon might want to think again. Woodruff Sawyer’s annual survey of cyber insurance carriers found all underwriters...
People Moves: Trueman Joins CFC as CUO After Recent Management Shakeup; Aon Promotes Kielty to UK CEO; QBE Re Taps AXIS’ DeSilva as Specialty Underwriter
Jan 9 2024 // This edition of International People Moves details appointments at CFC, Aon and QBE Re. A summary of these new hires follows here. Trueman Joins CFC as CUO After Recent Management Shakeup CFC, the specialist managing...
People Moves: Church Mutual Promotes Ogilvie to CEO; World Insurance Associates Hires Klien as EVP; Amwins Appoints Armijo President of Amwins Underwriting
Jan 3 2024 // Church Mutual Insurance Company, S.I. promoted Alan S. Ogilvie from president to president and chief executive officer, effective Jan. 1, 2024. Ogilvie assumed the role from Rich Poirier, who has retired after 12 years of...
Ryan Specialty Signs Agreement to Buy Castel Underwriting Agencies From Arch
Dec 22 2023 // Ryan Specialty, the Chicago-based specialty insurance firm, announced it has signed a definitive agreement to acquire Castel Underwriting Agencies Ltd. from Arch Financial Holdings (UK) Ltd. and minority...
People Moves: Tate Appointed Aspen’s Inland Marine – Head of Product & Underwriting
Dec 19 2023 // Aspen Insurance Holdings Limited, headquartered in Hamilton, Bermuda, appointed Michael Tate to the newly created role of inland marine – head of product & underwriting. Tate will be based in Chicago, Ill. Before...
CVC Completes Deal to Take Majority Investment in Dale Underwriting Partners
Dec 18 2023 // Dale Underwriting Partners, the trading name for Dale Managing Agency’s Lloyd’s Syndicate 1729, announced that CVC has completed its investment in Dale. The completion of the transaction follows approval from...
Tech Update: Hiscox London Mkt, Google Collaborate to Boost Underwriting With AI
Dec 12 2023 // Hiscox, the specialist global insurer, has collaborated with Google Cloud to create the first AI-enhanced lead underwriting model in the London market insurance industry. The collaboration combines Hiscox London...
US P/C Industry Turns in $32.2B Underwriting Loss After 9 Months
Dec 8 2023 // U.S. property/casualty underwriting results deteriorated during the first nine months of 2023 to a loss of $32.2 billion. The result, highlighted in short financial review from AM Best, is $7.6 billion worse than the same...
People Moves: kWh Analytics in California Names McLean Chief Underwriting Officer
Dec 6 2023 // kWh Analytics, headquartered in San Francisco, Calif., named Isaac McLean as the company’s chief underwriting officer. McLean has more than 18 years of insurance experience, previously serving as head of property...
World Insurance Purchases Exchange Underwriters From Pennsylvania Bank
Dec 4 2023 // Insurance broker World Insurance Associates has purchased the personal and commercial insurance agency Exchange Underwriters, Inc. from CB Financial Services, Inc., the holding company for Pennsylvania-based Community...
People Moves: Liberty Mutual Re Names Swiss Re’s Chisolm as Senior Underwriting Exec; Everest Insurance Int’l Appoints 2 Senior Leaders in Asia
Nov 27 2023 // This edition of International People Moves details appointments at Liberty Mutual Reinsurance and Everest Insurance International. A summary of these new hires follows here. Liberty Mutual Re Names Swiss Re’s Chisolm...
People Moves: Balch Now President of Berkley Technology Underwriters; Lieberman to Lead Lockton’s US Financial Services Claims
Nov 15 2023 // W.R. Berkley Corporation Names Balch President of Berkley Technology Underwriters W.R. Berkley Corporation, headquartered in Greenwich, Conn., appointed Christopher H. Balch as president of Berkley Technology Underwriters,...
Markets/Coverages: Florida Citizens Taps Verisk Aerial Imagery for Underwriting
Nov 10 2023 // Verisk, a global data analytics and technology provider, announced that Citizens Property Insurance Corp., the residual, not-for-profit insurer in Florida, will adopt Verisk’s aerial imagery analytics solution. The...
Applied Underwriters Unveils Specialist MGA Unit, Led by Ex-SiriusPoint CEO Malloy
Nov 9 2023 // Applied Underwriters has launched a new holding company called “United Risk,” which brings together the company’s MGA and MGU businesses under a single brand. Former SiriusPoint executive Dan Malloy has...
Commercial Auto Up Against Persistent Headwinds to Underwriting Profit: AM Best Report
Nov 6 2023 // Underwriting losses in U.S. commercial auto have returned to pre-pandemic levels and rate increases have not been enough to keep up with severity trends. “The liability component has been more problematic than the...
Mission Underwriters US Welcomes Jim Dwane as New Chief Executive Officer
Oct 31 2023 // October 31, 2023, Scottsdale, AZ – Mission Underwriting Managers (‘Mission’) a leading insurance program administrator, today announced the appointment of Jim Dwane as its new Chief Executive Officer,...
People Moves: QBE Germany Appoints 2 Marine U/Ws; BHSI Names Jaghbir as Underwriting Manager in Queensland, Australia
Oct 25 2023 // This edition of International People Moves details appointments at QBE Germany and Berkshire Hathaway Specialty Insurance (BHSI). A summary of these new hires follows here. QBE Germany Appoints 2 Marine U/Ws QBE Germany...
Brown & Brown Acquires Assets of Pacific Underwriters in Washington
Oct 17 2023 // A subsidiary of Brown & Brown Inc. has acquired substantially all of the assets of Pacific Underwriters. Following the acquisition, the Pacific Underwriters team will continue doing business from their existing...
Markets/Coverages: Howden Launches Innovation Hub With £500M of Delegated Underwriting Capacity, Commits £10M for Insurtech Funding
Oct 16 2023 // Howden, the London-based insurance group, has launched Howden Ventures, subject to Lloyd’s approval, with £500 million ($607.1 million) of delegated underwriting capacity, to create an investment and risk incubator...
