Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Re/Insurers Need a Data Strategy to Build Underwriting Transformation Programs
Oct 20 2021 // Years of low interest rates and burgeoning catastrophe losses have accelerated the hardening of the reinsurance market, as the January 2021 renewals clearly demonstrated, and moreover, the COVID-19 pandemic has worsened...
SiriusPoint Appoints Reinsurance Exec Heerasing; HDI Promotes Ogden as Director of Underwriting/Distribution; Besso Builds Property/Specialty Team With Hires From Tysers
Oct 12 2021 // This edition of International People Moves details appointments at re/insurer SiriusPoint, insurer HDI Global, and Lloyd’s broker Besso. A summary of these new hires follows here. SiriusPoint Appoints Top Reinsurance...
Gallagher Acquires SeaCoast Underwriters
Oct 12 2021 // Arthur J. Gallagher & Co.’s wholesale brokerage, binding authority and programs division known as Risk Placement Services has acquired Florida-based SeaCoast Underwriters. Gallagher, the global insurance...
Breckenridge Insurance Adds Two Experienced Underwriters To Team
Oct 12 2021 // IRVING, Texas, October 12, 2021 — Breckenridge Insurance expands its brokerage and binding team with the addition of two experienced underwriters Laura Phillips, CIC and Cindy Veselka. Both underwriters will focus on...
MGA Occam Acquires Terrorism Specialist Beech Underwriting Agencies
Oct 11 2021 // Occam Underwriting, the London-based specialist lines focused managing general agency (MGA), announced it is acquiring Beech Underwriting Agencies Ltd., subject to UK regulatory approval. Beech Underwriting is an approved...
Verisk Using AI to Gain Underwriting Insights From Yelp Reviews of Small Businesses
Oct 8 2021 // Global data analytics provider Verisk is leveraging artificial intelligence and image analytics to generate underwriting insights for small business insurers from more than 200 million reviews on Yelp, the company...
Risk Scores for Underwriters, Brokers Reveal Companies’ Likelihood of Being Sued
Oct 7 2021 // Last week, Praedicat, a liability risk analytics company, announced that it launched a new Company Risk Score designed to simplify the underwriting of complex emerging risks for liability insurance. The risk score, ranging...
People Moves: Management Changes at Safety National Re; Westfield Specialty’s New Underwriting Execs; UFG Searches for New CFO
Oct 5 2021 // Safety National Re Revamps Management Team Safety National Re, a division of Safety National Casualty Corp., made changes to its management team. Bob King, formerly senior vice president and chief underwriting officer of...
Gallagher Acquires Grand Cayman’s Briat, UK’s Manchester Underwriting
Oct 5 2021 // Global insurance broker Arthur J. Gallagher & Co. announced it has acquired two agencies: Grand Cayman-based Briat Insurance Ltd. and UK-based Manchester Underwriting Agencies Limited. Terms of the transactions were...
Arthur J. Gallagher & Co. Buys UK MGA Manchester Underwriting Agencies Ltd.
Oct 4 2021 // Arthur J. Gallagher & Co. announced that its specialist underwriting subsidiary Pen Underwriting has acquired 100% of UK-based Manchester Underwriting Agencies Ltd. and its wholly owned subsidiary, Manchester...
Workers’ Compensation Underwriting Results Again Beat Other Lines in 2020
Sep 30 2021 // Workers’ compensation underwriters have been consistently generating better underwriting profits than other property/casualty lines of business, and did so again in 2020 amid the pandemic. According to an AM Best...
AM Best Downgrades Casualty Underwriters Insurance in Utah
Sep 29 2021 // AM Best downgraded the Financial Strength Rating to B (Fair) from B+ (Good) and the Long-Term Issuer Credit Rating to “bb+” (Fair) from “bbb-” (Good) of Casualty Underwriters Insurance Co. in Salt...
People Moves: Amwins Global Risks Launches Underwriting Portfolio Mgmt; AXA XL Promotes MacFarlane to Head of Climate; R&Q Names Pinkes CEO of Legacy Insurance
Sep 29 2021 // This edition of International People Moves covers appointments at Amwins Global Risks, AXA XL and Randall & Quilter. A summary of these new hires follows. Amwins Global Risks Launches Underwriting Portfolio Management...
People Moves: Zurich’s Charles to SiriusPoint as Head of Americas P/C Insurance; Amwins Promotes Bernacki to New Role of Chief Underwriting Officer
Sep 27 2021 // SiriusPoint Names Zurich’s Charles as Head of Americas P/C Insurance SiriusPoint Ltd., the Bermuda-based global specialty insurer and reinsurer, announced that Patrick Charles has joined the company as head of...
UK Insurers Cautiously Willing to Underwrite Fire Safety Risks for High-Rise Recladding Projects: Survey
Sep 20 2021 // Insurers have revealed a cautious willingness to underwrite fire safety risks on new projects to remove defective cladding from high rise buildings. Around two-thirds of respondents to a survey by the International...
People Moves: Wuller Promoted to CEO of RSG Underwriting Managers, Replacing Clark
Sep 17 2021 // Ryan Specialty Group announced the appointment of Miles Wuller to chief executive officer of RSG Underwriting Managers, Ryan Specialty’s underwriting management specialty. Wuller will replace Tom Clark who is...
P/C Reinsurers Maintain Underwriting Discipline, Despite Rising Capacity: Guy Carpenter
Sep 10 2021 // Property and casualty reinsurers have displayed underwriting discipline during this year’s renewals, continuing with rate corrections that began several years ago, despite the pressures of abundant capacity. Prices...
Ryan Specialty Underwriting Managers CEO Clark Departs for Personal Reasons
Sep 8 2021 // Ryan Specialty Group announced that Tom Clark, chief executive officer of RSG Underwriting Managers, Ryan Specialty’s underwriting management specialty, will resign from his position effective September 30, 2021,...
Cyber Underwriting Changes: Is It Too Little, Too Late?
Sep 6 2021 // With primary rate changes approaching 50% and underwriting questions about network controls becoming more and more detailed, cyber insurers and reinsurers are reacting to an onslaught of ransomware attacks against...
P/C Insurers Boosted Underwriting Net Income 28% in First Half of Year: AM Best
Sep 6 2021 // The U.S. property/casualty industry grew its net underwriting income by 28% in the first six months of 2021 compared with the same prior-year period. According to a new AM Best report, a 5.4% growth in net earned premiums...
