Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
People Moves: MEMIC Names Coaker Senior Underwriter in Georgia
Sep 6 2022 // The MEMIC Group, specialists in workforce safety, has hired John Coaker as senior production underwriter in the Southeast. Coaker, based in Georgia, has worked in the industry for more than two decades. He will work with...
U.S. P/C Records $6.3 Billion First-Half Underwriting Loss: AM Best
Sep 6 2022 // Growth in net premiums and a decline in policyholder dividends were eclipsed by losses and expenses to result in a $6.3 billion net underwriting loss for the U.S. property/casualty industry at the half-way mark of...
P/C Underwriting Profitability to Worsen as Inflation, Hard Market Persist
Sep 5 2022 // The 2022 combined ratio for the property/casualty insurance industry is forecast to be 100.7, a worsening of 1.2 points relative to 2021, driven by significant deterioration in the personal auto line. Loss pressures and a...
It’s Over: Lasting Underwriting Profits in U.S. D&O Market Unlikely, Fitch Says
Sep 2 2022 // Three years of soaring directors and officers liability insurance prices pushed combined ratios down to the mid-to-high 90s, but new entrants and potential claims volatility may spell trouble for underwriters in the years...
Swiss Re Underwriter Wins Sex Discrimination Suit After Boss Joked About Her Breasts
Aug 26 2022 // A former Swiss Re AG underwriter won her sex discrimination suit after she was left humiliated by a senior manager who told her “If I had breasts like yours I would be demanding too.” Julia Sommer was unfairly...
Highstreet Acquires Michigan’s Paragon Underwriters
Aug 25 2022 // Highstreet Insurance Partners has acquired Michigan-based Paragon Underwriters. Paragon Underwriters is a program manager that focuses exclusively on attorneys and law firms. Highstreet. has now completed 125 transactions...
P/C Underwriting Profitability to Worsen as Inflation, Hard Market Persist: Triple-I, Milliman
Aug 16 2022 // The 2022 combined ratio for the property/casualty insurance industry is forecast to be 100.7, a worsening of 1.2 points relative to 2021, driven by significant deterioration in the personal auto line. Loss pressures and a...
People Moves: Senior Roles at Ryan Specialty Underwriting Managers; Snyder Named President U.S. Insurance at Argo; Kovach Joins Concert
Aug 16 2022 // Ryan Specialty Appoints New Senior Leadership within Underwriting Managers Specialty Chicago-based Ryan Specialty has made appointments to three new senior leadership roles within the Underwriting Managers specialty. Brian...
Argenta Ceases Underwriting New and Renewal Business in Singapore
Aug 9 2022 // Argenta Underwriting Asia Pte Ltd (AUA) announced that it will cease writing new and renewal business in Singapore with immediate effect. This decision follows a strategic review of the business written through the...
AIG Exceeds Profit Estimates on Strong Underwriting Gains
Aug 9 2022 // Insurer American International Group Inc. beat market estimates for quarterly profit on Monday as a jump in underwriting income cushioned the blow from lower investment returns. Net premiums written in the company’s...
What Surety Underwriters Review on Your Bond Applications and Construction Contracts
Aug 5 2022 // This post is part of a series sponsored by Old Republic Surety. Why do surety underwriters ask so many questions of construction contractors? We have answers for you to share with your construction insurance clients. And...
World Insurance Associates Acquires Consumers Choice Underwriters
Aug 5 2022 // World Insurance Associates announced its acquisitions of Consumers Choice Underwriters Inc. of Miramar, Florida, on June 1. Terms of the transaction were not disclosed. Consumers Choice writes property/casualty insurance...
Applied Underwriters Debuts Entertainment & Sports Division
Jul 28 2022 // Steve Menzies, chairman of Applied Underwriters, announced the formation of Applied Entertainment & Sports, a new division of the company that will consolidate existing business and add substantial new business in an...
People Moves: Beazley Chair to Step Down; Miller Forms Farms & Estates Team With 2 Hires From Aon; AXA XL Names HDI’s White as Senior PI Underwriter
Jul 21 2022 // This edition of International People Moves details board changes at Beazley and appointments at Miller and AXA XL. A summary of these new hires follows here. Beazley’s Chair Roberts to Step Down Beazley plc announced...
People Moves: Ryan Specialty Names Bodell as CIO; Core Specialty Adds 3 Underwriters in Cincinnati
Jul 20 2022 // Ryan Specialty Names Bradley Bodell as Chief Information Officer Ryan Specialty Holdings, Inc named Bradley Bodell as chief information officer. In this role, Bodell will lead Ryan Specialty’s technology and security...
Amwins Program Underwriters Brings New Talent to Waste Haulers Underwriting Team
Jul 20 2022 // Amwins Program Underwriters (APU), an operating company within the Amwins Underwriting division, has been busy over the last 18 months bringing in new underwriting perspectives to the long-standing Waste Haulers...
People Moves: GCube Names Two in Underwriting; MS Amlin Adds Barnes to Marine; RiverStone Names M&A Head, Underwriter
Jul 13 2022 // GCube Names Shimal, Litterick to Underwriting Posts Renewable energy specialist GCube Underwriting, a member of the Tokio Marine HCC group of companies, has appointed two people to senior positions within the organisation....
Applied Underwriters Bumps All Staff Salaries 10% to ‘Keep Up With Inflation’
Jul 11 2022 // Applied Underwriters on July 11 said it increased staff salaries across the board by 10% to keep up with inflation and its implications. The dramatic adjustment, far outpacing industry averages, came as predictions of...
Cowbell Doubles Underwriting Capacity With Palomar
Jul 8 2022 // Cowbell Cyber said it reached an agreement with Palomar Excess & Surplus Insurance Company to double the available reinsurance capacity for Cowbell Prime 250, Cowbell’s cyber coverage for businesses with up to...
People Moves: Lloyd’s Europe Hires Heugues From Ageas as Chief Underwriter; Parsyl Staffs London Marine Cargo Office
Jul 8 2022 // Lloyd’s Europe reports the appointment of Bertrand Heugues as chief underwriting officer effective 14 July. He will be responsible for overseeing underwriting, delegated authority management, claims and the...
