Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Accelerant Acquires North Carolina’s Agribusiness Risk Underwriters
Jun 10 2021 // Accelerant, a technology-based insurance platform, has acquired Agribusiness Risk Underwriters (ARU), a provider of poultry farm insurance product development, underwriting and loss control. ARU was founded in 2016 in...
P/C Insurers’ Underwriting Income Fell 53% in First Quarter: AM Best
Jun 4 2021 // The U.S. property/casualty (P/C) industry saw its net underwriting income fall in first-quarter 2021 by 53% as compared with the same prior-year period, according to preliminary financial results analyzed by AM...
Brit Launches Consortium to Simplify Underwriting of Marine War Breach Call Risks
Jun 3 2021 // Brit Ltd. announced the creation of a marine consortium called “Keel,” which aims to revolutionize the writing of marine war and breach call risks. Keel offers up to $152.2 million of capacity per risk and...
Africa Specialty Risks Launches Parametric Underwriting Division
May 24 2021 // Africa Specialty Risks (ASR), the pan-African focused managing general agent, announced the launch of its parametric division, alongside the appointment of Dr. Raveem Ismail as head of Parametric Underwriting and Ian...
Square Pegs Becomes Castel Underwriting Cell, Offering Cover for Complex SME Risks
May 20 2021 // Square Pegs, which offers specialist insurance coverage for complex and unusual risks via a dedicated e-trading platform, has become a standalone underwriting cell within Castel Underwriting Agencies Ltd. Focused on small...
People Moves: AXA XL Canada Names 5 Underwriters; MS Amlin Appoints 2 at Reinsurance Business
May 13 2021 // This wrap-up of international People Moves details recent appointments at AXA XL and MS Amlin. AXA XL announced that it has added five Toronto-based underwriters to strengthen its casualty, professional liability and...
ArgoGlobal Provides Capacity of $25M for Green Finance MGA Tierra Underwriting Ltd.
May 13 2021 // ArgoGlobal, the Lloyd’s insurer and member of Argo Group, has formed a partnership with green finance managing general agency, Tierra Underwriting Ltd. ArgoGlobal is providing $25 million in underwriting capacity to...
Trinity Underwriting Managers, Obsidian Partner on Auto Liability Offering
May 5 2021 // Trinity Underwriting Managers (TUMI), part of Amwins Underwriting, has formed a new carrier partnership with Obsidian, an A.M. Best rated “A-” hybrid fronting program carrier. The partnership will add to...
In His Own Words: Q&A with Applied Underwriters’ Menzies on Buffet, California and ‘Pumping Entrepreneurial Power’
May 3 2021 // Steve Menzies, founder and chairman of Applied Underwriters Inc., is a busy man. Since he reacquired his company from Warren Buffett’s Berkshire Hathaway in 2019, he has been buying businesses, creating new...
People Moves: AXA XL’s Hiscock to AXIS; Carpenter Promotes Gaudron, Hires Willis Re’s den Boer; Dahlmann at Marsh; Forder to Dale Underwriting
Apr 22 2021 // This wrap-up of international People Moves details recent appointments at AXIS Re, Guy Carpenter, Marsh and Dale Underwriting Partners. A summary of these new hires follows here. Lisa Hiscock AXIS Re, the reinsurance...
Reinsurers Remain Resilient Despite P/C Underwriting Losses in 2020
Apr 22 2021 // Despite the combined effects of around $25 billion of pandemic and natural catastrophe-related losses as well compromised investment returns, a group of reinsurers studied by Aon reported positive earnings for 2020 and an...
Appalachian Underwriters Expands into Life Insurance Market with Fintech Ethos
Apr 21 2021 // Appalachian Underwriters, Inc. (AUI) has partnered with life insurance provider Ethos to offer the coverage via the fintech’s online platform. Agents can now quote customers’ life insurance without medical...
Helix Underwriting to Write Excess Casualty, Forming Agency Agreement with Watford
Apr 19 2021 // Helix Underwriting Partners Ltd., the Bermuda-based managing general agency, has expanded its agency platform into the excess casualty insurance segment. The move will see Tim Hadler join as chief underwriting officer to...
P/C Insurers Show 2020 Underwriting Profits Despite COVID-19: Fitch
Apr 19 2021 // Despite considerable operating challenges in 2020 from the global COVID-19 pandemic, U.S. property/casualty (P/C) insurers saw a statutory underwriting profit for the third consecutive year, with an average 99% combined...
Willis Towers Watson Launches ‘Radar Workbench’ for Commercial Underwriters
Apr 16 2021 // Insurance broker Willis Towers Watson has launched Radar Workbench, new software technology aims to transform the performance of frontline commercial underwriters. “Radar Workbench has been developed to provide the...
Applied Underwriters Finalizes Acquisition of UK MGA Concept Special Risks
Apr 15 2021 // Applied Underwriters, the Omaha, Neb.-headquartered insurer, announced it has completed the acquisition of UK managing general agent Concept Special Risks (CSR), after receiving regulatory approval. Financial details of...
U.S. P/C Insurers Report 2020 Underwriting Profits Despite Costs of COVID-19: Fitch
Apr 12 2021 // Despite considerable operating challenges in 2020 from the global COVID-19 pandemic, U.S. property/casualty (P/C) insurers saw a statutory underwriting profit for the third consecutive year, with an average 99% combined...
Why Character Is So Important for Underwriting Surety Bonds
Apr 8 2021 // This post is part of a series sponsored by Old Republic Surety. When a surety company asks personal questions of construction clients, they may think the surety is too invasive. Here’s why the answers to those...
Federal Court Won’t Intervene in Applied Underwriters Case Against California Regulator
Apr 5 2021 // A California federal court has declined to get involved with a lawsuit that Applied Underwriters and the California Insurance Co. filed against the California Department of Insurance. The case against the CDI is based upon...
Applied Underwriters Acquires Florida Casualty Insurance Co.
Mar 18 2021 // Florida Casualty Insurance Co. (FCIC), formerly Ashmere Insurance Co., has been acquired by Applied Underwriters and will become part of Applied’s national and international development plan. The newly re-branded,...
