Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
International Marine Underwriters Adds Cyber Coverage to Marine Policies
Oct 16 2018 // International Marine Underwriters (IMU), a member of OneBeacon Insurance Group, has expanded its product offering with information risk coverage to address a broad range of cyber incidents including data breach, threat of...
Mixing Up Occupancy for Commercial and Residential Properties
Oct 15 2018 // There is a trend in residential construction to build condominium communities that go beyond the traditional amenities we’re used to. We are accustomed to work out rooms, pools, game rooms and the like in...
Cincinnati Financial to Acquire London Specialty Underwriter from Munich Re
Oct 12 2018 // In a bid to diversify its earnings and expand its markets beyond the U.S., Cincinnati Financial Corp. has agreed to acquire MSP Underwriting Limited, a London-based global specialty underwriter and subsidiary of Munich...
Charity First in California Names Paz-Cazares Business Underwriter
Oct 10 2018 // San Francisco, Calif.-based Charity First Insurance Services Inc. has named Margarita Paz-Cazares a new business underwriter. Paz-Cazares has more than 25 years of experience as a multiline commercial underwriter. She was...
J.M. Wilson Names Taylor James P/C Underwriter in Ohio
Oct 8 2018 // J.M. Wilson has named Taylor James a property/casualty underwriter in its Ohio office. Ms. James is responsible for underwriting new and renewal accounts for a variety of property/casualty risks, as well as issuing...
MGA Ascent Underwriting Appoints Stops from Brit as Head of Cyber
Oct 4 2018 // Ascent Underwriting, the London-based cyber and specialty lines managing general agent (MGA), has appointed Caspar Stops as head of cyber. Stops, who will take up the role at the end of November, joins from Brit Ltd. where...
People
Oct 1 2018 // JLT Re (North America) Inc., part of the global provider of reinsurance broking and consultancy, has appointed Alain Bizet as senior vice president in Miami. Alain will join the property treaty team in Miami and focus on...
Commercial Auto: Profitability Issues Remain, but There’s Light at the End of Tunnel
Oct 1 2018 // Despite insurers’ best efforts to increase rates to compensate for losses, commercial auto continues to be an unprofitable line. In less than a decade, despite continued increases in premiums, two major carriers have...
Everest Insurance Names Presidents of Risk Management Group, Specialty Underwriters
Sep 28 2018 // Everest Insurance announced that Mike Karmilowicz has been promoted to president of Everest Specialty Underwriters and Dave Sandler has been promoted to president of its Risk Management Group. Karmilowicz joined Everest...
HIIG Acquires Creative Risk Underwriters of Georgia
Sep 25 2018 // Houston International Insurance Group (HIIG) has agreed to purchase the remaining shares it did not own of Creative Risk Underwriters (CRU), a managing general underwriting agency (MGU) based in Marietta, Ga., specializing...
AXA XL Names Greensmith CEO of Catlin Underwriting Agencies, XL Catlin Insurance Co. UK, Succeeding Jardine
Sep 24 2018 // AXA XL announced that Paul Greensmith has been appointed CEO of legal entities: Catlin Underwriting Agencies Ltd. and XL Catlin Insurance Co. UK Ltd., subject to regulatory approvals. He replaces Paul Jardine, who, as...
XL Catlin Names Snyder Lead Underwriter for Construction Excess Casualty in Southeast
Sep 21 2018 // XL Catlin’s North America Construction insurance business has appointed Ann Marie Snyder, senior underwriter, to lead its Construction Excess Casualty business in its Southeast region. Snyder joined XL Catlin in 2012...
BHSI Expands Team in Dubai with Product Line, Service Appointments
Sep 19 2018 // Berkshire Hathaway Specialty Insurance Co. (BHSI) announced that it has further expanded its leadership team in the Dubai International Financial Centre (DIFC), with the appointment of executives to fill key product line...
Berkshire Hathaway Specialty Opens Munich Office; Names Key Underwriters
Sep 18 2018 // Berkshire Hathaway Specialty Insurance (BHSI) has opened a new office in Munich, Germany, the latest advance in BHSI’s expansion of its global footprint. The insurer has named two key underwriters for the office. The...
Lloyd’s Modernization Plans Move Full-Steam Ahead
Sep 17 2018 // From Electronic Placing to Artificial Intelligence: Lloyd’s America CEO Earlier this year, this reporter was walking on Lime Street, the home of Lloyd’s of London, dodging raindrops. She observed a broker,...
People
Sep 17 2018 // Brian L. Risen, senior vice president, Mackinaw Underwriters, a member of the AmeriTrust Group Inc., has been promoted to president of the Meadowbrook Insurance Agency in Southfield, Michigan. Risen has over 23 years of...
Fidelis Insurance Restructures Its Underwriting Businesses into 4 Pillars
Sep 14 2018 // Bermuda-based Fidelis Insurance Holdings Ltd. announced it is restructuring of its business across four pillars: Bespoke, Reinsurance, Partnerships and Specialty. Richard Brindle, chairman and group CEO, will reassume the...
Liberty International Underwriters & Ironshore Canada Renamed Liberty Mutual Canada
Sep 14 2018 // Liberty Mutual Insurance announces that Liberty International Underwriters (LIU Canada) and Ironshore Canada will be rebranded as Liberty Mutual Canada. “The rebranding of our joint operation as Liberty Mutual Canada...
Lancashire Promotes Irvine to Chief Underwriter, Readdy to Group Chief Actuary
Sep 12 2018 // James Irvine has been named chief underwriting officer for Lancashire Insurance Co. Ltd. (LICL) in Bermuda. Lanchashire Holdings Ltd. (LHL) also announced the appointment of Ben Readdy as the group chief actuary beginning...
CEO Duperreault Bets on Underwriting Culture, Greenberg Ways in Restoring AIG to Greatness
Sep 11 2018 // Brian Duperreault, who rejoined American International Group Inc. as chief executive officer last year to turn the company around, remembers another era when the insurer was trying to blaze a trail toward greatness. In...
