Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Insurance Brokers Sharing in the Sharing Economy
Dec 3 2018 // As more and more consumers click for services and borrow rather than buy, the sharing economy is benefitting. According to Harvard Business Review, the sharing or on-demand economy is attracting more than 22.4 million...
Imagery and Artificial Intelligence in Wildfire Risk
Dec 3 2018 // Fires across North America in 2018 have continued the pattern of extreme destruction established by significant insured loss events in both Northern and Southern California last year and the 2016 disasters in Alberta and...
Beazley Adds QBE’s Lever to Marine Underwriting Team in Houston
Nov 30 2018 // Beazley has appointed Reese Lever as a U.S. marine underwriter for the Southwest region. Reese joins Beazley’s office in Houston, Texas, from QBE where he was a vice president, marine, based in the same city. A...
J.M. Wilson Promotes Silverman to Transportation Underwriter in South Carolina
Nov 30 2018 // J.M. Wilson has promoted Cassandra Silverman to Transportation underwriter in its North Charleston, S.C., office. Silverman is responsible for underwriting new and renewal business, corresponding with carrier underwriters,...
J.M. Wilson Adds Henard as Commercial Bond Underwriter in Indiana
Nov 29 2018 // Managing general agency and surplus lines broker J.M. Wilson has hired Aimee Henard as a commercial bond underwriter in its Carmel, Indiana, office. Henard is responsible for underwriting new and renewal commercial and...
NAS Insurance Names Jacobs to Lead Underwriting Operations
Nov 28 2018 // NAS Insurance has named Jeff Jacobs to lead its Underwriting Operations. He is based in Chicago. Jacobs previously worked to establish NAS insurance’ regional operations in Chicago, New York and Atlanta. This new...
J.M. Wilson Announces Promotions, New Hires in Transportation Unit
Nov 27 2018 // Managing general agency and surplus lines broker, J.M. Wilson, has made a number of personnel changes in its transportation department with promotions and new hires in the Midwest. Josh Mauk was promoted to senior...
Texas’ Hochheim Mutual Insurers Removed From Credit Watch Negative
Nov 19 2018 // S&P Global Ratings has removed Texas-based Hochheim Prairie Farm Mutual Insurance Assn. (HPFMIA) and its subsidiary, Hochheim Prairie Casualty Insurance Co. (HPCIC, collectively Hochheim) from Credit Watch Negative,...
Medical Professional Liability Insurers Post Underwriting Loss Again
Nov 19 2018 // U.S. medical professional liability insurers reported an underwriting loss again last year, according to Fitch Ratings in a new report that says the results are drawing more scrutiny around reserves that are shrinking. For...
People
Nov 19 2018 // Terry Miller has been named president and chief executive officer at Bloomington, Minnesota-based SFM Mutual Insurance Co. Miller has worked at SFM for more than 30 years, serving as the company’s original...
People
Nov 19 2018 // Jackson Sumner & Associates (JSA) has hired Adam Winfree as the company’s Virginia marketing representative. Winfree joins the company as a 13-year veteran of the insurance industry, having worked previously as...
Can Commercial Auto Insurers Get to Profit Before Autonomous Vehicles Arrive?
Nov 9 2018 // Commercial auto insurance hasn’t produced an industrywide combined ratio below 105 in the United States since 2010, according to a Guy Carpenter analysis, which says the line’s poor performance is a key factor...
HDI Adds to U.S. Engineering Lines & Construction Division in Chicago
Nov 6 2018 // HDI Global Insurance Co., headquartered in Chicago, has expanded its Engineering Lines & Construction Division with several new hires. John Sprague has been appointed senior construction liability underwriter. He will...
WKFC Underwriting Managers Hires Reisig in New York
Nov 5 2018 // WKFC Underwriting Managers has hired Mark Reisig as chief underwriting officer of its Property division, based at the company’s headquarters in Melville, N.Y. Reisig joins WKFC with more than 30 years of property...
Berkshire Hathaway Insurance Underwriting Gains in 3Q
Nov 5 2018 // Berkshire Hathaway Inc.’s insurers dodged the worst of losses caused by Hurricane Florence as the businesses kept up their rebound from a rough 2017. The company’s operating profit doubled last quarter,...
Pressure’s on the Trucking Sector
Nov 5 2018 // The transportation industry is considered a barometer of the U.S. economy. If freight is trending up, so too is the U.S. economy. But capacity constraints for trucking – including a shortage of qualified drivers, low...
Changing World for P/C Insurance Underwriters: Guy Carpenter
Nov 5 2018 // Property/casualty insurers’ operating environment today is very different than just a few short years ago. Lines that were stable are now volatile and those that have struggled are looking profitable, reinsurance...
AIG Executives Outline Path to Underwriting Profit in 2019
Nov 2 2018 // “We do see it coming. We expect that in 2019 we’re going to be in an underwriting profit position, not a great one, but a profit. And we’ll move from there to a great one.” So said Brian...
QBE Restructures Operations, Creating 3 Global Units; Executive Team Named
Nov 1 2018 // QBE announced changes to its structure, designed to further simplify its operations and build a more streamlined, agile and customer-oriented business. Following the underwriting remediation in Asia, which is now largely...
AIG Again Battered by Catastrophes But Reinsurance Lowers 3Q Net Loss
Oct 31 2018 // Catastrophe losses in Japan and North America pushed American International Group to a net loss of $1.3 billion for the third quarter of 2018, compared to a net loss of $1.7 billion in the prior-year quarter. Adjusted...
