Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Berkshire P/C Insurance Reported Q4 Loss, Profit for Full Year 2018
Feb 25 2019 // In the conglomerate’s annual report published on Saturday, Berkshire Hathaway’s Chair Warren Buffett recommended that readers focus on operating earnings, reviewing a year in which insurance operations...
Allstar Underwriters Expands HO-6 Condo Insurance Program to Three Eastern States
Feb 25 2019 // Allstar Underwriters (AUI) has expanded its HO-6 Condo Insurance Program to three additional states. The expansion covers Delaware, New Jersey and Maryland. Through the HO-6 expansion, AUI aims to continue developing...
New Investor Property Insurance Program Webinar to be Held Thursday, February 28
Feb 25 2019 // Atlanta, GA, February 25, 2019 — Jared Mathis, executive vice president and head of the Blue River Underwriters’ specialty property group will be presenting an informational webinar on a new investor property...
Berkshire Hathaway in Talks to Sell Workers’ Compensation Unit Applied Underwriters
Feb 22 2019 // Warren Buffett’s Berkshire Hathaway Inc. is in advanced discussions to sell its Applied Underwriters workers compensation unit to a consortium of insurance firms, people familiar with the matter said on Friday. The...
Lloyd’s Managing Agency Antares Appoints Battle as Chief Executive Officer
Feb 19 2019 // Antares the Lloyd’s managing agency and member of the QIC Group announced the appointment of Jonathan (Joe) Battle, the current active underwriter, as chief executive officer (subject to necessary regulatory...
J.M. Wilson Adds Jefferson as Transportation Underwriter in South Carolina
Feb 19 2019 // J.M. Wilson has added Jasmine Jefferson as Transportation underwriter in their North Charleston, S.C., office. Jefferson is responsible for underwriting new and renewal commercial transportation business, corresponding...
Midwest Ratings Roundup
Feb 18 2019 // Upgraded Ratings for Northwest G.F. Mutual Insurance AM Best upgraded the Financial Strength Rating to B++ (Good) from B+ (Good) and the Long-Term Issuer Credit Rating to “bbb” from “bbb-” of...
Insurtech-Driven MGA, Agile, Appointed as StarStone Partner in Australasia
Feb 15 2019 // Agile Underwriting Services Pty Ltd., the insurtech-driven managing general agency (MGA) and Lloyd’s coverholder, announced it has been appointed as a representative agent for global specialty insurer, StarStone, in...
New Ventures, Driver Shortage Among Challenges in Trucking Insurance Market
Feb 15 2019 // The transportation industry is considered a barometer of the U.S. economy. If freight is trending up, so too is the U.S. economy. But capacity constraints for trucking – including a shortage of qualified drivers, low...
Pennsylvania’s Ascinsure Specialty Risk Promotes Keinard
Feb 14 2019 // Ascinsure Specialty Risk LLC has promoted Steve Keinard as its assistant vice president and underwriting manager. Within this new role, Keinard will provide leadership, support and guidance to Ascinsure’s...
InsurTechs Take Note: Chubb’s Digital Marketplace Serves 1,000 Agents a Day
Feb 13 2019 // Giant global insurer Chubb is on a mission to transform itself into a digital enterprise. The company is making substantial investments in digital technologies including cloud, mobile, APIs, security, chatbots, analytics...
Safety National Casualty Makes Underwriting Management Changes
Feb 12 2019 // Safety National Casualty Corp., headquartered in St. Louis, Missouri, has made organizational changes and enhancements to the company’s casualty field underwriting management roles. Steve Cotnoir Dennis Zervos Steve...
A CEO Needs to Paint a Picture of What ‘Good’ Looks Like: QBE CEO Regan
Feb 12 2019 // QBE Insurance has spent the last few years restructuring its business while at the same time weaving the fabric of a global organization with a strong, cohesive culture. A good corporate culture helps to create good...
Dostal Appointed Midwest Regional Manager at UFG Insurance
Feb 12 2019 // UFG Insurance in Cedar Rapids, Iowa, has appointed Jeanette Dostal as Midwest regional manager. Dostal will succeed current Midwest regional manager Corey Ruehle, who was appointed chief claims officer in January. Dostal...
Appalachian Underwriters Adds 4 to Missouri Workers’ Comp Unit
Feb 6 2019 // Appalachian Underwriters Inc. (AUI) has hired four workers’ compensation underwriting professionals in its St. Peters, Missouri, office. Tara Regan-Collins, senior underwriter, is a seasoned insurance professional,...
Maine’s The MEMIC Group Promotes Delcourt, Fendler
Feb 5 2019 // Workers’ compensation specialist The MEMIC Group promoted Ben Delcourt to underwriting manager and Shae-Li Fendler to underwriting analyst manager. Delcourt manages the underwriting team, which represents more than...
Insurance Tries to Keep Up with Sharing Economy
Feb 4 2019 // As more and more consumers click for services and borrow rather than buy, the sharing economy is benefitting. According to Harvard Business Review, the sharing or on-demand economy is attracting more than 22.4 million...
An Old Dog Up to New Tricks
Feb 4 2019 // For the seventh consecutive year, commercial auto is losing money. Despite rate increases in 23 of the past 25 quarters, the combined ratio topped 111 percent in 2017. The line has been a weak spot for many insurers,...
Big 3 Drive Personal Auto Insurance Recovery;
Feb 4 2019 // Signs of Rate Hike Fatigue Ahead Steady improvement for U.S. personal auto insurance companies has culminated in the sector’s best underwriting performance in 10 years, according to Fitch Ratings in a report. The...
People
Feb 4 2019 // AmTrust Financial Services announced leadership changes as it moves forward as a private company. Its $2.95 billion privatization plan was finalized on November 28, 2018 after receipt of all approvals. AmTrust announced...
