Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
State Farm Lost $7 Billion on Auto in 2016
Mar 1 2017 // State Farm joined the ranks of property/casualty insurers reporting challenges in their auto insurance line of business. State Farm said it lost $7 billion on its auto insurance underwriting in 2016. The State Farm...
Arch Re Launches Gulf Underwriting Entity to Supplement Gulf Re’s Role
Feb 28 2017 // Arch Reinsurance Ltd. has created an entity to handle its underwriting in the Gulf region and eventually replace the role Gulf Re plays in its business there, a few years after it fully acquired the struggling reinsurer...
Berkshire Hathaway’s Insurance Keeps Growing and Hiring Despite Auto, Reinsurance Blips
Feb 27 2017 // Even though Berkshire Hathaway’s GEICO chalked up an underwriting loss in the fourth-quarter 2016, with full-year profit coming in basically even with 2015, the company is poised to take advantage of competitor...
Asta Invests in London & Dubai Reinsurance MGA, Arma Underwriting
Feb 27 2017 // Asta, the London-based Lloyd’s third party managing agent and specialist MGA investor, announced it has agreed to invest in the development of Arma Underwriting Ltd. Asta will take a minority equity stake in Arma and...
Orchid Underwriters Rolls Out Admitted Homeowners Products in Alabama
Feb 23 2017 // Orchid Underwriters Agency, LLC, a specialty underwriter of excess & surplus insurance focusing on coastal properties, has launched admitted residential homeowners’ products through a new partnership with...
2 Unbelievable Stories from My Underwriting Days
Feb 22 2017 // When I came to the Academy of Insurance, I am not sure that I knew what to expect. I didn’t expect all that came along with it. I knew that we would have a calendar of webinars and training events through the year. I...
Starr’s Pittinger Joins ANV Global Services as Underwriting Director
Feb 22 2017 // ANV Global Services Inc., the North American managing general underwriter (MGU) owned by AmTrust Financial Services Inc., has appointed James Pittinger to the role of underwriting director. Responsible for the North...
Markel Corporation Names Dillon Underwriting Assurance Director in Virginia
Feb 21 2017 // Markel Corporation, a financial holding company headquartered in Richmond, Va., has named Ashley Dillon underwriting assurance director on the product line leadership team. Dillon is located in Markel’s headquarters...
The Hanover Appoints Fowle as CEO of Chaucer Syndicates, Succeeding Slabbert
Feb 21 2017 // The Hanover Insurance Group Inc. announced that John Fowle has been promoted to chief executive officer of Chaucer Syndicates Ltd. Fowle is replacing Johan Slabbert, who is leaving the company to pursue other...
People
Feb 20 2017 // U.S. Risk, a global property/casualty wholesaler and managing general agency based in Dallas, named Wayne H. Carter III as president of U.S. Risk Underwriters Inc., its programs group. Carter assumes senior level...
U.S. Estimates Hurricane Matthew Damage to Recreational Boats at $110M
Feb 20 2017 // Hurricane Matthew, which threatened four coastal states as it corkscrewed through the Atlantic in early October, caused an estimated $110 million in damage to recreational boats, according to Boat Owners Association of The...
W.R. Berkley Suspends Marine Underwriting in London: Sources
Feb 20 2017 // W.R. Berkley has put under review and is suspending underwriting for its London marine book until it can determine the direction of this business going forward. W/R/B Underwriting, the company’s Lloyd’s...
CNA Appoints Ex-Endurance, AIG Executive Worman as Chief Underwriting Officer
Feb 17 2017 // CNA has named Douglas Worman to fill the newly created position of executive vice president and chief underwriting officer. He reports to Dino E. Robusto, CNA chairman and chief executive officer. In this role, Worman will...
Beazley Taps Markel’s Tewfik as Underwriter for UK Tech & Data Breach Team
Feb 17 2017 // Beazley, a specialist in cyber and data breach response insurance, has appointed Michael Tewfik as a technology, media and business services underwriter focused on addressing the data breach and cyber security risks of...
Argo Pro, BlueChip Underwriting Services Launch Transactional Risk Program
Feb 17 2017 // Argo Pro, a member of Argo Group International Holdings, Ltd., has partnered with BlueChip Underwriting Services LLC to provide transactional risk insurance to facilitate mergers and acquisitions. BlueChip will sell and...
Wraight, New Director of Academy of Insurance, Focuses on Learning Customers’ Needs
Feb 15 2017 // Patrick Wraight has been named the director of the Insurance Journal Academy of Insurance, a leading property/casualty insurance learning center that is part of the Wells Media Group. Wraight, an Army veteran, comes to the...
Ed Announces Series of Appointments and One Departure
Feb 15 2017 // Ed, the London-based reinsurance, wholesale and specialty broker, has announced several appointments over the past few weeks in the areas of international property and casualty, marine and energy, finance, and...
AXIS Insurance Expands Cyber Team with Arklie and Tillett Appointments
Feb 9 2017 // AXIS Capital Holdings Ltd. announced that Neil Arklie has joined AXIS Insurance as vice president, Financial Lines, and lead underwriter for its London-based international cyber insurance unit. Arklie will lead a team of...
Greene & Associates Opens Office in Florida; Adds Fuchs to Underwriting Team
Feb 8 2017 // Underwriting manager and wholesale broker in Greene & Associates, based in East Aurora, N.Y., has opened its an office in Bradenton, Fla., and hired Don Fuchs to its underwriting team. Fuchs has more than 35 years of...
U.S. Risk Underwriters Names Berkley Program’s Carter as President
Feb 7 2017 // U.S. Risk, a global property/casualty wholesaler and managing general agency based in Dallas,, has named Wayne H. Carter, III as president of U.S. Risk Underwriters Inc., its programs group. Carter will assume senior level...
