Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
People Moves: Coalition Hires Coletti From Swiss Re to Be Head of Cyber Underwriting
May 9 2023 // John Coletti, an cyber insurance veteran who was formerly the head of cyber reinsurance at Swiss Re, has been hired by Coalition as it head of cyber underwriting. At Swiss Re, Coletti was the head of global cyber,...
U.S. P/C Underwriting Profit in 2023? Not Yet, Fitch Predicts
May 8 2023 // Analysts at Fitch Ratings predict a better underwriting result for U.S. property/casualty insurers in 2023 compared to 2022, but the combined ratio is still going to hover above breakeven, according to their...
AIG Records Strongest Q1 Underwriting Results in General Insurance
May 5 2023 // American International Group said first quarter 2023 underwriting income in its general insurance segment was $502 million, “representing the strongest first quarter underwriting results AIG has achieved,” said...
Ardonagh Advisory to Buy HNW Broker Stanhope Cooper, MGA Renovation Underwriting
Apr 25 2023 // Ardonagh Advisory Holdings Ltd., a subsidiary of The Ardonagh Group, announced, it has agreed to acquire a majority shareholding in leading High Net Worth (HNW) broker Stanhope Cooper and managing general agent Renovation...
U.S. P/C Underwriting Profit in 2023? Not Yet, Fitch Predicts
Apr 17 2023 // Analysts at Fitch Ratings predict a better underwriting result for U.S. property/casualty insurers in 2023 than 2022, but the combined ratio is still going to hover above breakeven, according to their forecast. Fitch...
Near $27B Underwriting Loss in 2022; Largest Loss Since 2011
Apr 17 2023 // Key financial results for private U.S. property/casualty insurers significantly worsened in 2022 from a year earlier, according to preliminary results from global analytics provider Verisk and the American Property...
Amwins Hires New Underwriter for TUMI
Apr 11 2023 // CHARLOTTE, N.C. April 11, 2023 – Amwins, a global distributor of specialty insurance products and services, today announced it has hired Tisha L. Baptist to join Trinity Underwriting Managers (TUMI), part of Amwins...
Markets/Coverages: Applied Home National Underwriters Created; Marsh Launches ‘Cyber Pathway’; Everspan, Aurenity Partner on Casualty Buffer
Apr 5 2023 // Applied Underwriters Introduces Applied Home National Underwriters Applied Underwriters said it has created Applied Home National Underwriters (“Home National”) to consolidate the company’s presence in...
The Underwriter’s Edge: Using Data & Technology to Discover What’s Possible in Commercial P&C Insurance
Apr 3 2023 // This post is part of a series sponsored by Insurance Quantified. Underwriting commercial P&C insurance is complex – each industry looks different, small businesses are different than medium-sized ones, and each...
People Moves: AXIS Appoints Watt as Claims Officer Officer; Security Mutual Hires Cavanaugh as Commerical Lines Underwriter
Apr 3 2023 // AXIS Appoints Watt as Chief Claims Officer AXIS Capital Holdings Limited has hired Megan Watt as chief claims officer, effective April 17. Watt will be responsible for the overall management and direction of the claims...
Near $27B Underwriting Loss in 2022 Largest for U.S. P/C Insurers Since 2011
Mar 30 2023 // Key financial results for private U.S. property/casualty insurers significantly worsened in 2022 from a year earlier, according to preliminary results from global analytics provider Verisk and the American Property...
U.S. P/C Industry Records $26.5 Billion Underwriting Loss in 2022
Mar 23 2023 // The U.S. property/casualty (P/C) industry recorded a $26.5 billion net underwriting loss in 2022, $21.5 billion more than the $5 billion underwriting loss reported in 2021, according to a report published by AM Best. The...
People Moves: Specialty MGA Nirvana Taps Sompo’s Mannsdorfer for European Underwriting; Verlingue Hires Hiscox’s Bethell as Head of Private Clients
Mar 22 2023 // This edition of International People Moves details appointments at media, tech and cyber MGA, Nirvana, and the broker Verlingue. A summary of these new hires follows here. New Specialty MGA Nirvana Taps Sompo’s...
Chubb Announces Climate-Focused Underwriting Standards for Oil and Gas Extraction
Mar 22 2023 // Chubb Ltd. announced new underwriting criteria for oil and gas extraction projects that will require clients to reduce methane emissions, a by-product of oil and gas production that are among the most severe greenhouse...
People Moves: Tokio Marine Boosts UK Trade Credit Division With Underwriting Hires From Atradius, Coface; BHSI Promotes Ruddlesdin to Head of PI & Cyber in London
Mar 20 2023 // This edition of International People Moves details appointments at Tokio Marine and Berkshire Hathaway Specialty Insurance (BHSI). A summary of these new hires follows here. Tokio Marine Hires Underwriters from Atradius,...
Specialist Insurer Hiscox Launches Underwriting Academy in UK
Mar 17 2023 // Specialist insurer Hiscox UK has officially launched its underwriting academy following a successful pilot in Q4 2022. The Hiscox Underwriting Academy provides hands-on technical and professional development for high...
Mosaic Insurance Opens Singapore Office, Hiring 2 Specialty Underwriters
Mar 13 2023 // Mosaic Insurance has opened an office in Singapore and hired two specialty underwriters to build its transactional liability business across the Asia-Pacific region. Benn Wilson will serve as regional CEO, and head of Asia...
Lloyd’s Expects 2022 Loss of $947.6M on Investments; Underwriting Results ‘Strong’
Mar 9 2023 // Lloyd’s reported an interim full-year 2022 loss before tax of £800 million ($947.6 million) as a result of investment losses of approximately £3 billion ($3.6 billion). This compares to a profit of £2.3 billion...
People Moves: Goodwin to Lead Marine Underwriters of America’s new Marine Claims Department
Mar 7 2023 // Goodwin to Lead Marine Underwriters of America’s new Marine Claims Department Marine Underwriters of America, a DOXA Insurance company and premier underwriter of ocean marine, inland marine and related properties,...
Should a State Surcharge Insurers That Underwrite Fossil Fuel Risks?
Mar 7 2023 // Connecticut lawmakers are considering imposing a surcharge on insurers’ premiums from the fossil fuel industry. The proposal (SB-1115) calls for a tax of 5% of any premiums any insurer licensed in the state receives...
