Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
New Empire Underwriters Standalone Workers Comp Offering Targets Staffing Firms
Aug 30 2019 // Empire Underwriters, a national insurance wholesaler, excess and surplus lines facility and program manager has released a standalone workers comp program for staffing companies available nationwide and backed by several...
J.M. Wilson Promotes Mikos to Transportation Underwriter in Illinois
Aug 29 2019 // Managing general agency and surplus lines broker J.M. Wilson has promoted Alex Mikos to transportation underwriter in its Arlington Heights, Illinois, office. Mikos is responsible for underwriting new and renewal...
Top 10 Commercial Auto Insurers: Winners and Losers in Fast-Growing Market
Aug 29 2019 // The commercial automobile insurance segment is headed for its ninth straight year of underwriting losses when the books close at year-end 2019, analysts at Fitch Ratings predict in a new report. In fact, a decade of...
Chronic Commercial Auto Insurance Underwriting Losses to Continue in 2019: Fitch
Aug 27 2019 // U.S. property/casualty insurers continue to face substantial underwriting losses on commercial automobile insurance and, following a statutory combined ratio of 108% in 2018, the segment is poised for a ninth consecutive...
P/C Insurers’ First-Half Underwriting Income Drops; Downgrades Outpace Upgrades: A.M. Best
Aug 26 2019 // The U.S. property/casualty industry’s net underwriting income declined by 9.6% to $4.8 billion in the first half of 2019, compared with $5.3 billion in the same prior-year period, A.M. Best reports. Also, ongoing...
Liberty Mutual Names Chief Underwriting Officers for Excess Casualty and Public Entities
Aug 22 2019 // Liberty Mutual has appointed Jon Tellekamp as chief underwriting officer for National Insurance – Excess Casualty, and Doug Manwaring as chief underwriting officer of National Insurance – Public Entities and...
Liberty Specialty Markets Adds Goodliffe in Chicago as Sr. Underwriting Officer
Aug 21 2019 // Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance, has appointed James Goodliffe to the role of senior underwriting officer within its Financial Risk Solutions (FRS) Multi-Buyer Trade Credit practice. He is...
The MEMIC Group Appoints Wilson as Senior Production Underwriter in Georgia
Aug 20 2019 // Workers’ compensation specialist The MEMIC Group has appointed Kim Wilson to the role of senior production underwriter to support continued growth in the Georgia market. Wilson has more than 15 years of experience in...
Underwriters Get Picky and Other Trends in Construction Insurance
Aug 19 2019 // Construction insurance specialists say their insurance market is strong with plenty of capacity and underwriters competing for the best accounts. According to specialists interviewed by Insurance Journal for their...
AI-Underwritten Insurance Premiums to Go From $1.3B to $20B Globally by 2024: Juniper
Aug 19 2019 // The value of global insurance premiums underwritten by artificial intelligence will exceed $20 billion by 2024, up from an estimated $1.3 billion in 2019, according to new data from Juniper Research. This growth will be...
AXA XL Adds Zurich’s Arezes as Senior Underwriter for Large Property in Canada
Aug 16 2019 // AXA XL has added Jennifer Arezes to its property insurance team in Canada. Arezes is based in Toronto and will work alongside Ian Rutherford, head of Property, Canada and Urs Uhlmann, CEO and country manager AXA XL, Canada...
Empire Underwriters Expands Workers Comp Coverage to Various Trucking Classes
Aug 12 2019 // Empire Underwriters, a leading national insurance wholesaler, excess and surplus lines facility and program manager has released a new workers comp program for truckers, tow truck operators, and delivery companies backed...
SterlingRisk Insurance Hires Wu as Assistant Production Underwriter in New York
Aug 9 2019 // SterlingRisk Insurance, an independently owned insurance brokerage based in New York, has hired Katrina Wu as assistant production Underwriter. A licensed property & casualty broker and licensed life, accident &...
Empire Underwriters Expands Programs into Hawaii
Aug 9 2019 // Empire Underwriters, an MGA, surplus lines broker and wholesaler in business insurance underwriting and services, has launched new programs available in the State of Hawaii. The new programs include its Main Street Workers...
AIG’s P/C Business Delivers on CEO’s Underwriting Promise
Aug 8 2019 // American International Group (AIG) President and CEO Brian Duperreault has insisted that the insurer’s General Insurance unit will produce an underwriting profit for all of 2019, after a decade of losses. His promise...
California Insurance Commissioner’s Applied Underwriters Decision Challenged over Campaign Contributions
Aug 7 2019 // A pair of companies has filed to overturn decisions by California Insurance Commissioner Ricardo Lara in cases involving workers’ comp provider Applied Underwriters, alleging the decisions by Lara were swayed by...
Property Insurance Veteran Stephen Manahan Joins Blue River Underwriters
Aug 7 2019 // Atlanta, GA, August 7, 2019 — Stephen Manahan has joined the Specialty Property Program team of Blue River Underwriters, part of Breckenridge Insurance Group, as vice president, underwriting. Manahan brings more than 25...
Berkshire Hathaway’s Insurance Underwriting Profit Fell in Q2
Aug 5 2019 // Giant conglomerate Berkshire Hathaway saw its total insurance underwriting profit in the second quarter fall 63% to $353 million from $943 million in the second quarter of last year. Compared to the same period last year,...
People
Aug 5 2019 // National Linda Dodson The Vertafore technology users network, NetVU, has named Linda Dodson as executive director. Dodson’s career has included work in an insurance agency and with agency carriers. She began her...
Hiscox Re & ILS Promotes Dolphin to Director of Underwriting, Lee to COO
Aug 1 2019 // Specialist Bermuda-based insurer Hiscox announced two new appointments within Hiscox Re & ILS. Andrew Dolphin has been appointed director of Underwriting – London, replacing Megan McConnell who is relocating to...
