Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Liberty Mutual Appoints Perez as Chief Underwriting Officer, North America
Sep 11 2019 // Liberty Mutual Insurance has appointed David Perez to the post of chief underwriting officer, North America, for its Global Risk Solutions commercial and specialty lines insurer and reinsurer. In this new role, Perez will...
3 Industry Veterans Relish Fresh Start for Their Latest Legacy-Free Ventures
Sep 10 2019 // Although the insurance market is awash with capacity and competition, two new specialty companies—a re/insurer and a broker—formed earlier this year, aiming to create something new and different for their...
Fire Sprinkler Contractors Insurance Program Webinar to be Held Tuesday, September 10
Sep 9 2019 // Atlanta, GA, September 9, 2019 — Bob Leonhart and Cricket Thomas, CRIS, both executive vice presidents and program directors at Blue River Underwriters, will host an informative webinar on the Fire Sprinkler Elite...
Transatlantic Underwriters Names Waltenburg President in California
Sep 6 2019 // Transatlantic Underwriters has named Colby Waltenburg president. Waltenburg was previously a vice president. He joined TAU in June and expanded the presence of the company by opening the first West Coast branch, located in...
ArgoGlobal Syndicate 1200 to Exit Asia and Global Hull Underwriting
Sep 4 2019 // ArgoGlobal, the Lloyd’s insurer and member of Argo Group, announced plans to exit Syndicate 1200’s underwriting operations in Asia and most of its hull underwriting business within the syndicate. All existing...
CFC Underwriting Enhances Product Recall Coverages
Sep 4 2019 // CFC Underwriting, the London-based specialist managing general agent, announced it has upgraded its product recall suite of coverages. The new extensions include regulatory advisory coverage which addresses the emerging...
AIG’s Su Joins AXA XL as Underwriting Lead for Structured Risk Solutions
Sep 4 2019 // AXA XL, the property/casualty and specialty risk division of AXA, has named Austin Su as U.S. Underwriting Lead of its Structured Risk Solutions (SRS) business. Based in New York, Su joins SRS’ growing global...
First-Half 2019 Records Drop in P/C Insurers’ Underwriting Income; Downgrades Outpace Upgrades: A.M. Best
Sep 2 2019 // The U.S. property/casualty industry’s net underwriting income declined by 9.6% to $4.8 billion in the first half of 2019, compared with $5.3 billion in the same prior-year period, A.M. Best reports. Also, ongoing...
New Empire Underwriters Standalone Workers Comp Offering Targets Staffing Firms
Aug 30 2019 // Empire Underwriters, a national insurance wholesaler, excess and surplus lines facility and program manager has released a standalone workers comp program for staffing companies available nationwide and backed by several...
J.M. Wilson Promotes Mikos to Transportation Underwriter in Illinois
Aug 29 2019 // Managing general agency and surplus lines broker J.M. Wilson has promoted Alex Mikos to transportation underwriter in its Arlington Heights, Illinois, office. Mikos is responsible for underwriting new and renewal...
Top 10 Commercial Auto Insurers: Winners and Losers in Fast-Growing Market
Aug 29 2019 // The commercial automobile insurance segment is headed for its ninth straight year of underwriting losses when the books close at year-end 2019, analysts at Fitch Ratings predict in a new report. In fact, a decade of...
Chronic Commercial Auto Insurance Underwriting Losses to Continue in 2019: Fitch
Aug 27 2019 // U.S. property/casualty insurers continue to face substantial underwriting losses on commercial automobile insurance and, following a statutory combined ratio of 108% in 2018, the segment is poised for a ninth consecutive...
P/C Insurers’ First-Half Underwriting Income Drops; Downgrades Outpace Upgrades: A.M. Best
Aug 26 2019 // The U.S. property/casualty industry’s net underwriting income declined by 9.6% to $4.8 billion in the first half of 2019, compared with $5.3 billion in the same prior-year period, A.M. Best reports. Also, ongoing...
Liberty Mutual Names Chief Underwriting Officers for Excess Casualty and Public Entities
Aug 22 2019 // Liberty Mutual has appointed Jon Tellekamp as chief underwriting officer for National Insurance – Excess Casualty, and Doug Manwaring as chief underwriting officer of National Insurance – Public Entities and...
Liberty Specialty Markets Adds Goodliffe in Chicago as Sr. Underwriting Officer
Aug 21 2019 // Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance, has appointed James Goodliffe to the role of senior underwriting officer within its Financial Risk Solutions (FRS) Multi-Buyer Trade Credit practice. He is...
The MEMIC Group Appoints Wilson as Senior Production Underwriter in Georgia
Aug 20 2019 // Workers’ compensation specialist The MEMIC Group has appointed Kim Wilson to the role of senior production underwriter to support continued growth in the Georgia market. Wilson has more than 15 years of experience in...
Underwriters Get Picky and Other Trends in Construction Insurance
Aug 19 2019 // Construction insurance specialists say their insurance market is strong with plenty of capacity and underwriters competing for the best accounts. According to specialists interviewed by Insurance Journal for their...
AI-Underwritten Insurance Premiums to Go From $1.3B to $20B Globally by 2024: Juniper
Aug 19 2019 // The value of global insurance premiums underwritten by artificial intelligence will exceed $20 billion by 2024, up from an estimated $1.3 billion in 2019, according to new data from Juniper Research. This growth will be...
AXA XL Adds Zurich’s Arezes as Senior Underwriter for Large Property in Canada
Aug 16 2019 // AXA XL has added Jennifer Arezes to its property insurance team in Canada. Arezes is based in Toronto and will work alongside Ian Rutherford, head of Property, Canada and Urs Uhlmann, CEO and country manager AXA XL, Canada...
Empire Underwriters Expands Workers Comp Coverage to Various Trucking Classes
Aug 12 2019 // Empire Underwriters, a leading national insurance wholesaler, excess and surplus lines facility and program manager has released a new workers comp program for truckers, tow truck operators, and delivery companies backed...
