Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
J.M. Wilson Hires Boyer as Transportation Underwriter in Ohio
Jul 31 2019 // Managing general agency and surplus lines broker, J.M. Wilson, has added Molly Boyer as transportation underwriter in its Westerville, Ohio, office. Boyer is responsible for underwriting new and renewal non-fleet...
CFC Underwriting Taps Francis from Aon/Stroz Friedberg as Cyber Claims Director
Jul 26 2019 // CFC Underwriting, the London-based managing general agent that specializes in emerging risks, announced the appointment of Roger Francis as Cyber Claims director. Francis will lead CFC’s cyber claims and incident...
Ensurance Expands Terrorism, Sabotage Coverage to US; Hires 2 New Underwriters
Jul 24 2019 // Ensurance, the specialist MGA and Lloyd’s of London Coverholder, has launched a new terrorism and sabotage insurance offering for the U.S. market. The product will support the U.S. property market and is backed by an...
J.M. Wilson Promotes Tucker-Lorenz to Surety Underwriter in Indiana
Jul 24 2019 // J.M. Wilson has promoted Shelly Tucker-Lorenz to surety underwriter in its Carmel, Indiana, office. With this new role, she is responsible for underwriting new and renewal commercial and contract bonds, corresponding with...
Botti Promoted to Assistant Fleet Underwriter at J.M. Wilson in Michigan
Jul 23 2019 // J.M. Wilson has promoted Stephen Botti to assistant fleet underwriter in its Portage, Michigan, office. Botti is responsible for assisting underwriters on a wide variety of commercial transportation risks, as well as...
Sage Program Underwriters Offers Workers’ Comp for Shooting Sports Industry
Jul 23 2019 // Sage Program Underwriters has launched a new national workers’ compensation program for the shooting sports industry. The exclusive program targets all aspects of the industry including: Indoor & outdoor...
Legacy Acquisition Firm DARAG Buys UK Insurer, The Underwriter
Jul 22 2019 // DARAG Group Ltd., a Malta-based legacy acquirer, announced the acquisition of The Underwriter Insurance Co. Ltd., a UK-based insurer in run-off. The transaction will be completed through DARAG Deutsche Versicherungs-und...
Berkshire Hathaway’s Applied Underwriters Settles Workers’ Comp Dispute with New York
Jul 19 2019 // Berkshire Hathaway subsidiary Applied Underwriters will voluntarily halt the selling of a reinsurance-based, loss-sensitive workers’ compensation product in New York under an agreement with the state regulator who...
Consumer Group Gives California Insurance Commissioner to Month’s End for Contributions Records
Jul 18 2019 // A watchdog group has given California Insurance Commissioner Ricardo Lara until July 31 to produce public records related to meetings with insurance industry representatives who reportedly gave him $54,300 in campaign...
By Taming Big Data with AI, Cytora Aims to Transform Commercial Underwriting
Jul 17 2019 // It is an insurtech startup operating an artificial intelligence-powered platform that aims to transform commercial insurance underwriting. While the goal may seem ambitious, Cytora is making significant inroads toward...
Harris Promoted to P/C Underwriter at J.M. Wilson in Michigan
Jul 17 2019 // J.M. Wilson has promoted Lacey Harris to property/casualty underwriter in its Portage, Michigan, office. Lacey is responsible for quoting new and renewal commercial property and casualty risks and serving independent...
Workers’ Comp Underwriting Looks Strong for 2019 But Rates Are Dropping: Fitch
Jul 16 2019 // The workers’ compensation market is on track for a fifth consecutive year of underwriting profits in 2019 despite recent weakening in market fundamentals. According to a Fitch Ratings report, the industry’s...
SkyWatch.AI Launches On-Demand Drone Insurance in UK, Underwritten by Chaucer
Jul 15 2019 // SkyWatch.AI, the on-demand, telematics-based insurance platform, has launched in the United Kingdom following last year’s launch in the United States. SkyWatch.AI’s UK policies will be underwritten by specialty...
People
Jul 15 2019 // National PartnerRe announced that Jonathan Colello has joined the company effective July 1, 2019, as CEO for P&C Americas and president of Partner Reinsurance Co. of the U.S. In his new role, Colello will have...
Copperpoint Names Mooney Vice President and Underwriting Head in California
Jul 12 2019 // CopperPoint Insurance Cos. has named Mark Mooney vice president and head of underwriting for California. Mooney will be based at CopperPoint’s PacificComp regional office in Westlake Village, Calif. He will lead the...
Pushing and Pulling Lloyd’s Into the 21st Century
Jul 10 2019 // Twenty-five years ago, the Lloyd’s of London marketplace was teetering on the brink of insolvency, reeling from billions of dollars of asbestos and pollution liabilities. Many of the best brains in the market worked...
Berkshire Hathaway’s Leeks Joins Everest Insurance as Lloyd’s Syndicate Underwriter
Jul 9 2019 // Everest Insurance International announced the addition of Martin Leeks to its Lloyd’s Syndicate 2786 as a medical malpractice and multi-national/ specialty underwriter. Leeks will be responsible for the development...
New York’s SterlingRisk Insurance Hires Rosu as Senior Program Underwriter
Jul 3 2019 // SterlingRisk Insurance, a Woodbury, N.Y.-based, independently owned insurance brokerage, has hired Taryn Rosu as senior program underwriter. In this role, Rosu will handle new business and renewals for the Combined Real...
Sale of Applied Underwriters Still Under Review; Cayman Islands Insurer Likely Involved
Jul 1 2019 // It appears that the Berkshire Hathaway workers’ compensation unit Applied Underwriters is being sold in a large acquisition, which likely involves Cayman Islands-based United Insurance Co. A spokesman for the Applied...
Agents (Still) Looking for Underwriting Sweet Spot: Channel Harvest
Jul 1 2019 // Whether technology is driving a “one size fits all” underwriting approach or carriers are narrowing their strike zone, this year’s independent agency survey from Channel Harvest reveals agents continue to...
