Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Ryan Specialty Group and Nationwide Form Bermuda Reinsurer, Geneva Re
May 7 2019 // Ryan Specialty Group (RSG) and Nationwide announced they have formed a new Bermuda reinsurance company, Geneva Re Ltd. Columbus, Ohio-headquartered Nationwide will own 50 percent of the venture with RSG and RSG-related...
Jimcor Agency Hires Chase as Underwriter in Southeast Region
May 7 2019 // Jimcor Agency Inc., a Montvale, N.J.-based independent managing general agent and insurance wholesaler, has hired Joe Chase to serve as an underwriter in Florida, working in the company’s Southeast Region. He is...
Breckenridge Insurance Group Names Trevor Pierce and Tim Anders to Leadership Positions
May 6 2019 // Atlanta, GA, May 6, 2019 — Breckenridge Insurance Group announced two senior leadership positions at the wholesale insurance organization. Trevor Piece has been promoted to division president for the Breckenridge...
Ryan Specialty Finalizes Acquisition of International Specialty Insurance of North Carolina
May 3 2019 // Ryan Specialty Group, LLC, has acquired the assets and operations of International Specialty Insurance Services Inc. (ISI), an independently owned managing general underwriter with offices in Winston-Salem, North Carolina....
Atlas General, Bascule Underwriting to Offer Workers’ Comp for Equine Industry
May 1 2019 // Atlas General Insurance Services has collaborated with Bascule Underwriting, specialists in equine insurance, to provide an exclusive workers compensation product for horse farm owners. The program will be administered by...
Corvus Opens Atlanta Office, Hires Fehrman as VP of Cyber Underwriting
May 1 2019 // Corvus Insurance has opened an office in Atlanta, its fifth office location, and hired Joel Fehrman, who will serve as vice president of Cyber Underwriting based in the new office. Fehrman joins Corvus with more than 10...
Industry Veterans Catlin and Brand Launch Specialty Bermuda Re/Insurer Convex Group
Apr 30 2019 // Insurance industry veterans Stephen Catlin and Paul Brand announced they have launched an international specialty insurer and reinsurer, Convex Group Ltd. Convex launches with $1.8 billion of initial committed capital and...
Appalachian Underwriters Taps Florida-Based Kidd to Lead Commercial Auto
Apr 30 2019 // Appalachian Underwriters, Inc. has hired transportation broker Mary Kidd to focus on large commercial transportation accounts in its Sarasota, Fla., office. Kidd will work with accounts with more than $25,000 in premium,...
Lloyd’s Innovation Drive Faces Headwinds from Some Brokers, Underwriters
Apr 26 2019 // Lloyd’s of London, the world’s oldest insurer of seafaring vessels, is facing its own perfect storm. Old-fashioned business practices, exposure to natural disasters, competition from rival centers and Brexit...
Keesey Joins Cannasure Insurance Services as Sr. Underwriter in Ohio
Apr 25 2019 // Cannasure Insurance Services (Cannasure), a Cleveland, Ohio-based managing general agent and wholesale insurance broker for the cannabis and hemp industries, hired Jenna Keesey as a senior underwriter in its growing MGA...
Guest Post: Reading Forms: Is It Really Necessary?
Apr 24 2019 // We are grateful for friend of the Academy, Chris Burand, President of Burand & Associates, LLC for this timely article. Thanks, Chris! Now, let’s get to his question: Is it really necessary to read forms? Of...
California Insurance Commissioner Rejects Petition to Require Fossil Fuel Underwriting Disclosure
Apr 23 2019 // California’s new insurance commissioner wasn’t getting along so well on Earth Day with groups of climate change and consumer activists. California Insurance Commissioner Ricardo Lara, who put battling climate...
Axon Underwriting Forms Axon Re to Offer Cargo, Stock Throughput Reinsurance in Latin America
Apr 23 2019 // Axon Underwriting Services LLC, the Somerville, N.J.-based specialty lines program administrator, announced the formation of Axon Re to offer its cargo and stock throughput reinsurance program within the Latin American...
Hannover Re Cuts Exposure to Coal-Based Risks, Limiting Investments, Underwriting
Apr 22 2019 // Hannover Re announced it is scaling back its exposure to coal-fired power plants and coal mines, joining a growing list of re/insurers that have made similar moves. In addition to excluding coal-based projects from its...
Fitch Keeps Stable Outlook for P/C Insurers After Underwriting Profit in 2018
Apr 22 2019 // After two consecutive years of combined ratios above 100, the U.S. property/casualty industry returned to a modest statutory underwriting profit in 2018 as catastrophe losses slowed, premium growth accelerated and several...
People
Apr 15 2019 // National American International Group has named Carla Ferrara as head of communications for AIG’s Investments organization. Ferrara will be based in New York and report to Elaine Rocha, chief operating officer of AIG...
J.M. Wilson Adds Lloyd as Assistant Transportation Underwriter in Ohio
Apr 4 2019 // Managing general agency and surplus lines broker, J.M. Wilson, has hired Nicole Lloyd as assistant transportation underwriter in its Westerville, Ohio, office. Lloyd is responsible for assisting underwriters on a wide...
AXA XL Promotes Minors to Product Line Leader, Bermuda Professional Lines Business
Apr 4 2019 // AXA XL has promoted Jennifer Minors to senior vice president – product line leader in its Bermuda Professional Lines Insurance business. Minors is responsible for managing directors and officers (D&O), professional...
How Insurtech Will Revolutionize Inland Marine by Cutting Costs
Apr 4 2019 // Insurtech advances will soon drive down unacceptably high expense ratios in the inland marine sector, making it possible to insure even hard-to-place, small or one-off inland marine risks at the best possible...
UK Specialty MGA Nexus Buys an MGA and a Broker – All in One Day
Apr 3 2019 // UK specialty managing general agent (MGA) Nexus Group lived up to its description as an “acquisitive insurance intermediary holding company,” with the purchase this week of an MGA and an insurance broker. On...
