Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
H.W. Kaufman Group, Burns & Wilcox Promote 22 Insurance Pros in North America
Nov 16 2017 // H.W. Kaufman Group and Burns & Wilcox have promoted 22 insurance industry veterans across 15 locations in the United States and Canada. The promotions were announced at a recognition dinner during the annual 2017...
Velocity Risk Underwriters Adds Condominium Coverage to Florida Products
Nov 14 2017 // Velocity Risk Underwriters has expanded its Florida products to include HO-6 (condominium) for primary, secondary, seasonal, long-term rental, and short term rentals (minimum two days). Velocity offers an A.M. Best...
MGA Chord Re Launches as Specialty Reinsurer, Writing on Behalf of Neon
Nov 14 2017 // Chord Re, a new underwriting vehicle established by Stefan Long, formerly head of Aspen Re London, has launched operations on Nov. 6. Chord Re expects to both structure and lead programs in specialist classes and will...
Lloyd’s Approves Dale Underwriting Partners’ Special Purpose Arrangement
Nov 13 2017 // Dale Underwriting Partners, managed by Lloyd’s third party managing agency Asta, announced that its special purpose arrangement (SPA) has received approval from Lloyd’s. The SPA will reinsure a portfolio of...
Asta’s Agora Syndicate 3268 Gets Nod from Lloyd’s to Underwrite in January 2018
Nov 13 2017 // Asta, the third-party managing agent at Lloyd’s, announced that Agora Syndicate 3268 has received approval from Lloyd’s to commence underwriting business attaching on or after Jan. 1, 2018. Agora Syndicate 3268...
MGA Newbridge Offers Political Violence, Terror Cover; Chaucer, Markel Provide Capacity
Nov 9 2017 // Newbridge Risk Partners, an underwriting cell on the Castel Underwriting MGA formation platform, has secured a new binder with Lloyd’s and London company market capacity to support the continuing growth of its...
Insurtech-Led TPA, Advent Claims, to Administer Claims for Principia Underwriting
Nov 8 2017 // Advent Claims, the insurtech-led claims third party administrator (TPA), announced it has signed an agreement to administer all claims for Aquila Underwriting-backed MGA, Principia Underwriting. Principia, which previously...
Tough Road for Trucking Insurance Specialists
Nov 7 2017 // Trucking serves as a barometer of the U.S. economy, representing 70.6 percent of all domestic freight transportation tonnage and $676 billion, or 79.8 percent,of transportation revenues in the country. Despite the...
Cyber Risk Is Putting Pressure on Property Insurance Underwriters
Nov 6 2017 // Property underwriters are feeling the pressure as cyber has become an increasing source of risk within the property insurance industry, according to panelists at Advisen’s 2017 Cyber Risk Insights Conference, held...
People
Nov 6 2017 // Crop insurer, Farmers Mutual Hail Insurance Co. of Iowa (FMH), announced that James A. Brost, retiring senior vice president with Holborn Corp., will join the FMH board of directors on Jan. 1, 2018. Brost began his...
People
Nov 6 2017 // Independent Insurance Agents of Georgia (IIAG) announced that John Barbour, formerly vice president of Governmental Affairs, was chosen to serve as new chief executive officer. Barbour began leading the association on...
AIG Reports Q3 Loss on Commercial Lines Reserve Boost, Catastrophe Losses
Nov 3 2017 // Highlighting the development as a “noteworthy item” in an earnings announcement Thursday night, American International Group reported prior-year loss reserve strengthening of $836 million before taxes, which...
J.M. Wilson Adds Gross as Assistant Transportation Underwriter in Illinois
Nov 3 2017 // Managing general agency and surplus lines underwriter, J.M. Wilson, has hired Kathy Gross as assistant transportation underwriter in its Arlington Heights, Illinois, office. Gross is responsible for assisting underwriters...
J.M. Wilson Hires Kane as Assistant Property/Casualty Underwriter in Illinois
Nov 2 2017 // Managing general agency and surplus lines broker, J.M. Wilson, has hired Brian Kane as assistant property/casualty underwriter in its Arlington Heights, Illinois, office. Kane has more than 17 years of experience in the...
AmWINS Completes Acquisition of 15 Insurance Programs from Willis Towers Watson
Nov 2 2017 // Specialty insurance broker AmWINS Group reported that it has completed the previously-announced acquisition of 15 insurance programs from Willis Towers Watson. Terms were not disclosed. “The programs, product...
SafeWaters Underwriting Managers Adds Yacht Insurance Capacity Through Everest
Nov 2 2017 // SafeWaters Underwriting Managers (SafeWaters) has expanded its capacity for yacht insurance with Everest National Insurance Company. SafeWaters now provides physical damage coverage and P&I for yachts ranging in value...
Berkshire Likely to Report Big Q3 Claims Costs – and Reduced Insurance ‘Float’
Nov 1 2017 // The insurance business has been good to Warren Buffett. For decades, his stable of carriers at Berkshire Hathaway Inc. have provided him billions of dollars to invest. They’ve also turned an underwriting profit every...
Paragon Insurance Holdings Adds Schmidt as Pest Control Program Underwriter in Florida
Nov 1 2017 // Paragon Insurance Holdings, LLC, a national multi-line specialty program manager, has added Justin Schmidt to the Paragon team as Program underwriter. He will be based in Orlando, Fla. According to Ron Ganiats, Paragon...
DUAL North America Announces New CEO, Chairman
Oct 26 2017 // DUAL North America, a member of the DUAL Group and Hyperion Insurance Group and headquartered in Naples, Fla., has announced Justin Tweedie will be succeeded as CEO by Jon Beckham effective Jan. 1, 2018, at which time...
Insurtech Startup, Insurdata, Raises More Than $1M in Seed Financing
Oct 24 2017 // Insurdata, an insurtech firm that provides re/insurance underwriters with property-specific data to support their pricing, underwriting and portfolio management decisions, announced it has raised over $1 million in seed...
