Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Gen AI Is Shaking Up Underwriting, but Can it Replace Human Judgment?
Mar 21 2025 // Artificial intelligence technology has continued to evolve, and it’s affecting many areas of insurance from claims to underwriting to customer service, according to panelists at the 2025 PLUS D&O Symposium in New...
AM Best: US P/C Industry in 2024 Posts First Underwriting Profit in Four Years
Mar 18 2025 // For the first time in four years, the U.S. property/casualty industry will finish a year with an underwriting profit. AM Best today in a “First Look” at US P/C financial results said the industry left 2024 with...
Berkshire, Progressive Are Underwriting Profit Leaders; Industry Sets Income Record
Mar 12 2025 // S&P Global Market Intelligence expects the U.S. property/casualty insurance industry to post more than $100 billion of net income for 2024—and that the biggest underwriting profits contributing to the figure will...
US P/C Industry Improves Despite 2024 Underwriting Loss: Changes in Personal Lines Segment Driver of Expected Improvement
Mar 10 2025 // The U.S. property/casualty industry took another underwriting loss in 2024, but results improved thanks to rate increases and changes in risk selection, most notably in the personal lines sector. A report from industry...
FTP, INC. Announces Strategic Acquisition of Coastal Flood Underwriters
Mar 7 2025 // Old Bridge, NJ March 07, 2025 – FTP, INC. announced today its acquisition of Coastal Flood Underwriters, LLC, a premier provider of flood insurance solutions. This strategic move strengthens FTP’s commitment to...
AmFam Reports Underwriting Profit for 2024 to Reverse Losses Last Two Years
Mar 6 2025 // After two years of combined ratios over 110, American Family Insurance reported an underwriting profit in 2024—with a 96.6 for the year for all property/casualty lines it writes. The improvement from a 110.8 in 2023 and...
Your Underwriter Says You Need a CPA-Prepared Statement. What Now? Part III
Mar 5 2025 // This post is part of a series sponsored by Old Republic Surety. Construction accounting is complex. Getting guidance on the expected time and capital investment, as well as a clear understanding of the role of a CPA in...
State Farm 2024 Underwriting Losses Shrink on Auto Results
Mar 3 2025 // After reporting underwriting losses of $13 billion in 2022 and $14 billion in 2023, State Farm recorded another underwriting loss for 2024—but narrowed it thanks to its auto insurance results. State Farm reported a 2024...
People Moves: Faynberg to Head Chubb’s Healthy Paws; D’Onofrio Promoted to Global CUO of Ryan Specialty Underwriting Managers
Feb 28 2025 // Westchester, Chubb’s excess and surplus lines company, said Alex Faynberg was appointed to executive vice president and head of pet insurer Health Paws, effective March 3. Alex Faynberg In his new role, Faynberg will...
People Moves: Markel Taps Johnson From Travelers as Senior U/W, Transport and Logistics; Specialty MGA UK Hires 2 Energy Underwriters
Feb 25 2025 // This edition of International People Moves details appointments at Markel and Specialty MGA UK. A summary of these new hires follows here. Markel Taps Johnson From Travelers as Senior U/W, Transport and Logistics Markel,...
Chubb Posts Record P/C Underwriting Income for Q4 and 2024
Feb 24 2025 // Chubb posted record property/casualty underwriting income of about $1.6 billion, up 3.8% during the last quarter of 2024. Fourth-quarter net income was down 22% to about $2.6 billion compared to the same period a year ago,...
AM Best: US P/C Industry Improves Despite 2024 Underwriting Loss
Feb 21 2025 // The U.S. property/casualty industry took another underwriting loss in 2024, but results improved thanks to rate increases and changes in risk selection. A report from industry rating agency AM Best this week said U.S. P/C...
Your Underwriter Says You Need a CPA-Prepared Statement. What Now? Part II
Feb 18 2025 // This post is part of a series sponsored by Old Republic Surety. Construction accounting is complex. Getting guidance on the expected time and capital investment, as well as a clear understanding of the role of a CPA in...
People Moves: BMS Taps Howden Re’s Biddell as Managing Director and Head of London P/C; MGA DUAL UK Makes 3 Senior Appointments in Underwriting and Distribution
Feb 13 2025 // This edition of International People Moves details appointments at the broker BMS and the managing general agent DUAL UK. A summary of these new hires follows here. BMS Taps Howden Re’s Biddell as Managing Director...
AIG Q4 General Insurance Underwriting Income Down 29% on Catastrophes
Feb 12 2025 // American International Group reported fourth quarter 2024 net income of $898 million compared to $86 million the prior year, but insurance underwriting income was down 29% on high catastrophe losses. AIG said the dramatic...
Your Underwriter Says You Need a CPA-Prepared Statement. What Now? Part I
Feb 11 2025 // This post is part of a series sponsored by Old Republic Surety. Many commercial contractors have experienced the stress caused by the surety requiring them to obtain a financial statement prepared by a certified public...
Pen Underwriting Simplifies Divisional Structure in UK & Ireland, With Breslin at Helm
Feb 11 2025 // Pen Underwriting, the London-based managing general agent, announced a simplified divisional structure to bring together core commercial underwriting capabilities and expertise across the UK and Ireland. Under the central...
People Moves: DOXA Expands Executive Leadership Team; JM Wilson Promotes Boles to Senior Personal Lines Underwriter
Feb 5 2025 // DOXA Expands Executive Leadership Team DOXA, headquartered in Fort Wayne, Indiana, hired five new executive leadership team members. Matt Bishop joined the team as head of operating entities and business verticals. He has...
A Steady Transformation to Drive Profitability: Optimizing Underwriting Insurance Inspection Workflows
Feb 4 2025 // This post is part of a series sponsored by CoreLogic. An insurance organization is composed of so many little pieces — a multitude of workflows that come together to form a cohesive operation. And it all starts with...
Ryan Specialty Completes Buy of Velocity Risk Underwriters
Feb 4 2025 // Specialty insurance provider Ryan Specialty reported it has completed the acquisition of Velocity Risk Underwriters, LLC from funds managed by Oaktree Capital Management, L.P. Based in Nashville, Tennessee, Velocity is a...
