Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Wishes & Predictions… in their own words
Feb 4 2019 // Ely Kaplansky, President, Kaplansky Agency, MA Increased market share. Rate increases. Continued profitable growth. Crag Shink, Managing Partner, C.H. Shink & Associates, NY A harder market in some segments. Increasing...
Beazley Appoints Sheehan as Underwriter Based in Massachusetts
Feb 1 2019 // Beazley has expanded its healthcare management liability team with the appointment of Jack Sheehan as an underwriter based in Boston, Mass. Sheehan brings 15 years of financial lines insurance experience in both broking...
Pioneer Underwriters Creates Single Global Platform for Financial Institutions
Jan 31 2019 // Pioneer Underwriters announced it has unified its financial institutions (FI) businesses into one global underwriting operation. Richard Coello leads the global FI team which will be responsible for all FI business written...
Underwriting Platform elseco Agrees to Buy MGA, Selected Renewal Rights from StarStone
Jan 31 2019 // Specialty underwriting platform elseco has entered into an agreement with global specialty insurer StarStone to acquire its managing general agent, Malakite Underwriting Partners Ltd., and the renewal rights to...
Allianz Adds Reyes to Aviation Underwriting Team in Colorado
Jan 24 2019 // Allianz Global Corporate & Specialty has named Hugo Reyes a senior underwriter in General Aviation for North America. Reyes is responsible for the underwriting of complex General Aviation risks and broker development...
Travelers Partners with ASQ Underwriting on Transactional Risk Insurance
Jan 23 2019 // The Travelers Companies, Inc. has partnered with ASQ Underwriting, a managing general underwriter, to offer transactional risk insurance in the United States, as strategic and private equity investors increasingly turn to...
XPT Group Acquires New York City’s SVA Underwriting Services
Jan 23 2019 // XPT Group LLC has acquired SVA Underwriting Services Inc., a trucking and transportation MGA and Lloyd’s Coverholder. SVA Underwriting specializes in physical damage and cargo cover with the ability to underwrite,...
Travelers Grew Q4 Profit Despite California Wildfire, Hurricane Michael Losses
Jan 22 2019 // Travelers Cos. reported that despite catastrophe losses from the California wildfires and Hurricane Michael, it boosted its profit in the fourth quarter of 2018 thanks to growth in premiums and investment income. Net...
Corporate Culture, Cyber Risk Are Top of Mind for D&O Underwriters
Jan 21 2019 // Transparency and culture awareness were the key takeaways from a panel discussion on top directors and officers’ claims trends that took place at this year’s Professional Liability Underwriting Society (PLUS)...
Arthur J. Gallagher Acquires Interstate Insurance Underwriters in Louisiana
Jan 18 2019 // Arthur J. Gallagher & Co. has acquired Shreveport, Louisiana-based Interstate Insurance Underwriters LLC, the company announced. Terms of the transaction were not disclosed. Founded in 1963, Interstate Insurance...
P/C Insurers Pulled Off Underwriting Turnaround in First 9 Months
Jan 18 2019 // Private U.S. property/casualty insurers reported a $4.7 billion net underwriting gain in nine-months 2018, a sharp turnaround from a $21.0 billion net underwriting loss a year earlier. The results were helped by a rare...
Bhatia Joins California’s Preferred Employers Insurance as Sr. Underwriter
Jan 16 2019 // San Diego, California-based Preferred Employers Insurance, a Berkley Company, has added workers’ compensation underwriting expert, Minoo Bhatia, as a senior business development underwriter. Bhatia comes to Preferred...
We Need Your Voice
Jan 16 2019 // I remember very clearly the conversation that launched me on the path that brought me to this blog, the Academy and all that comes with them (typing at my stand-up desk in my office in the top-secret Academy of Insurance...
Big 3 Drive Personal Auto Insurance Recovery; Signs of Rate Hike Fatigue Ahead
Jan 16 2019 // Steady improvement for U.S. personal auto insurance companies has culminated in the sector’s best underwriting performance in 10 years, according to Fitch Ratings in a report. The market improvement was driven by the...
Verisk Launches Black Box 3 Solution to Enhance Medical Underwriting
Jan 14 2019 // Verisk, the Jersey City, N.J.- based data analytics provider, has launched Black Box 3 (BB3), a new solution available in parts of Canada, Europe, Australasia, and Asia, which helps insurers make underwriting decisions for...
AXA XL Uses AI to Speed Up Property Engineering Risk Analysis, Underwriting
Jan 10 2019 // AXA XL Risk Consulting announced it is using artificial intelligence (AI) to enhance its property risk engineering capabilities. AXA XL Risk Consulting is working with Expert System, an Italian developer of cognitive...
eSURETY® Recognized as a Top Surety Underwriting Platform
Jan 9 2019 // Ponte Vedra, FL, January 9, 2019 – eSURETY® is in the list of Top 10 Underwriting Solution Providers 2018 by Insurance CIO Outlook who publishes an annual listing of companies that are at the forefront of providing...
CorPro Underwriting Managers Expands AIG Management Liability Offering
Jan 8 2019 // CorPro Underwriting Managers has expanded its availability of several new key coverage enhancements under the Private Edge Plus and Not-for-Profit Risk Protector products (directors and officers, employment practices,...
Hamilton Underwriting Taps Vetch from W.R. Berkley as CFO, Replacing Barrett
Jan 7 2019 // Hamilton Underwriting Ltd., the managing agency of Syndicate 3334 and the Lloyd’s operations of Hamilton Insurance Group, announced that Robert Vetch has joined the agency as chief financial officer. Reporting to CEO...
People
Jan 7 2019 // Insurance broker Willis Towers Watson has appointed Bill Creedon as Construction Industry leader for North America within its Corporate Risk and Broking segment. Creedon, a 30-year insurance and construction risk industry...
