Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
First Light Program Managers, Inc. Acquires the Assets of Piedmont Transportation Underwriters, Inc.
Sep 22 2017 // Dania, FL, September 22, 2017 – Anthony L. Johnson, Chief Executive Officer of First Light Program Managers, Inc. and James A. Butler, President of Piedmont Transportation Underwriters, Inc. of Winston-Salem, North...
Generali Chief Underwriting Officer Sees His Job as Part Science, Part Art
Sep 22 2017 // Bill Skapof, chief underwriting officer and head of global corporate and commercial in North America for Generali, considers underwriting as much art as it is science. Skapof has more than 30 years of global insurance...
First Light Program Managers Acquires Piedmont Transportation Underwriters of North Carolina
Sep 21 2017 // Anthony L. Johnson, chief executive officer of First Light Program Managers, Inc. and James A. Butler, president of Piedmont Transportation Underwriters, Inc. of Winston-Salem, North Carolina announced an agreement for...
People
Sep 18 2017 // Detroit, Mich.-based H.W. Kaufman Financial Group named Daniel J. Kaufman senior vice president of corporate growth. Kaufman will continue to serve as managing director and lead the Chicago, Milwaukee, Pittsburgh and...
People
Sep 18 2017 // The Arbella Insurance Group, a Quincy, Mass.-headquartered regional property and casualty insurance company, has promoted Ellen Mann to assistant vice president of human resources. Reporting to Gayle O’Connell,...
Brokers Keep Trucking Market Motoring Despite Insurer Exits
Sep 18 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...
Pennyslvania’s Ascinsure Hires Goff as Senior Vice President
Sep 15 2017 // Ascinsure Specialty Risk LLC, based in Pittsburgh, Penn., has hired Michael Goff to join the Ascinsure team as its senior vice president. Within this role, Goff will manage Ascinsure’s underwriting and wholesale...
Specialty MGAs Continue to be Popular Acquisition Targets
Sep 14 2017 // With growth prospects becoming rarer in the continuing competitive insurance market, carriers are among three sets of buyers fueling a hot M&A environment for specialized managing general agencies, representatives of...
Gibbons Joins J.M. Wilson as Assistant Transportation Underwriter in Ohio
Sep 13 2017 // Managing general agency and surplus lines broker J.M. Wilson has added Ryan Gibbons as assistant transportation underwriter in its Westerville, Ohio office. Gibbons is responsible for assisting underwriters on a wide...
Sciemus Partners with HSCM Bermuda and Is Renamed Argon Underwriting
Sep 13 2017 // Sciemus, a specialty Lloyd’s MGA, is forming an investing partnership with HSCM Bermuda, a firm that invests in reinsurance and insurance-linked assets across all lines of business. The deal also calls for Sciemus to...
Levine Tapped as SVP of Underwriting for SUNZ Insurance in Florida
Sep 5 2017 // SUNZ Insurance Company, a large deductible workers’ compensation carrier based in Florida, has appointed Gene R. Levine to the position of senior vice president – underwriting. Levine will report directly to...
P/C Insurers Lost $5.1B on Underwriting in First Half of 2017
Sep 4 2017 // The U.S. property/casualty (P/C) industry recorded a net underwriting loss of $5.1 billion for the first six months of 2017, according to preliminary results, compared with a $2.0 billion loss in the same period a year...
Northern Underwriting Managers’ Fendler Indicted Again; Faces 20 Fraud Counts
Sep 4 2017 // The owner of multiple property/casualty insurance operations in northern Illinois has been indicted once again, this time on charges that he defrauded more than 100 clients. Todd J. Fendler, of Rockford, Ill., previously...
Ascot Launches Specialty MGA, Vertical Underwriting Managers
Aug 31 2017 // Ascot Group Ltd. (AGL) announced the creation of Vertical Underwriting Managers, its first specialty managing general agency (MGA) cell under Ethos Specialty Insurance Services, AGL’s standalone MGA Vertical will...
P/C Insurers Lost $5.1 Billion on Underwriting in First Half of 2017: A.M. Best
Aug 29 2017 // The U.S. property/casualty (P/C) industry recorded a net underwriting loss of $5.1 billion for the first six months of 2017, according to preliminary results, compared with a $2.0 billion loss in the same period a year...
CNA Hardy Appoints IMIU’s Fryer as Class Manager, Mining Specialist
Aug 24 2017 // CNA Hardy, a specialist commercial insurance provider for clients within the Lloyd’s and company markets, announced the appointment of James Fryer as class manager, mining specialist. Reporting to Lloyd Tunnicliffe,...
A Response to Some Insurtech Claims, Part 2
Aug 23 2017 // Last week, we started a conversation about some of the common insurtech claims. Last week, we mentioned the statement from one particular company about all the good that they do. If you missed last week’s post,...
Pennsylvania’s Venture Programs Adds Rawlings as Senior Underwriter
Aug 22 2017 // Venture Programs, a national insurance program administrator based in West Chester, Penn., has added Brian Rawlings as senior underwriter to support FITLIFE, its new program for fitness, wellness and spa services. As...
QBE H1 Profits Rise 73% on Australia/N. Zealand Rate Hikes, N. America Growth
Aug 21 2017 // QBE reported a healthy profit hike during first half of 2017, despite heightened claims activity in its Emerging Markets’ division, which reported a combined ratio of 110.8 percent. This poor performance has led to...
New Jersey’s New Day Underwriting Names Webb AVP in Construction Division
Aug 18 2017 // New Day Underwriting Managers, a Hamilton, N.J.-based specialty intermediary of environmental and construction-related professional liability insurance coverages, has named Bill Webb assistant vice president in the...
