Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
P/C Market Won’t See Underwriting Profit Until 2024: S&P
Jul 14 2023 // After four years of unparalleled underwriting profitability ending in 2021, the property/casualty market is headed for a second straight year of underwriting losses, according to the newly released S&P Global Market...
Nexus Underwriting Completes Acquisition of Evolve in California
Jul 14 2023 // Nexus Underwriting completed its acquisition of Evolve Cyber Insurance Services in California. Evolve is a cyber managing general agency. The company operates out of offices in California, New York, and Texas, and has more...
Amwins Underwriting Shares Recent Employee Updates
Jul 13 2023 // CHARLOTTE, N.C. July, 13, 2023 – Over the last month, Amwins Underwriting has introduced some new faces as well as promoted within the organization. Our people are our greatest asset, and we remain committed to...
People Moves: WTW Names Mascaro Hospitality Leader; Leach SVP, Founder of K2 Financial US Ops; MEMIC Hires Underwriters
Jul 11 2023 // WTW announced the appointment of Juan Mascaro as hospitality segment leader, a part of the Real Estate, Hospitality, and Leisure Division within Corporate Risk and Broking (CRB), North America. Mascaro has more than two...
Gallagher’s Pen Underwriting Acquires Norwegian MGA Fender Marine AS
Jul 6 2023 // Arthur J. Gallagher & Co. announced that its UK-based specialist underwriting subsidiary Pen Underwriting has acquired Norwegian managing general agent (MGA) Fender Marine AS. Terms of the transaction were not...
Underwriting vs. Coverage Standards
Jun 19 2023 // Historically, if an account met an insurance company’s underwriting standards, the account was provided coverage in exchange for the required premium. Sometimes insureds and/or agents lied about the account actually...
People Moves: Atain Hires Trimble as Chief Underwriting Officer
Jun 15 2023 // Atain Hires Trimble as Chief Underwriting Officer Atain Insurance Companies has hired Linc Trimble as its chief underwriting officer. Trimble worked as a consultant with Atain leadership since February and started his new...
US P/C Records $8.2 Billion Underwriting Loss in Q1: AM Best
Jun 15 2023 // A rise in first quarter losses in the homeowners insurance line of business primarily put U.S. property/casualty underwriting results in the red, according to AM Best. The U.S. P/C industry booked a $8.2 billion...
People Moves: Guy Carpenter Expands Cyber Team With Key Appointments; Aspen Appoints AXA XL’s Welch as Chief Underwriting Officer, Reinsurance
Jun 13 2023 // This edition of International People Moves details appointments at Guy Carpenter and Aspen Insurance Holdings. A summary of these new hires follows here. Guy Carpenter Expands Cyber Team With Key Appointments to Global...
People Moves: Resilience Promotes Pruzinsky to Global Head of Underwriting & Sales
Jun 8 2023 // Resilience has promoted CJ Pruzinsky to global head of underwriting & sales. Previously, he led the underwriting team from the launch of the company’s managing general agency. Pruzinsky will spearhead the...
Moxie Underwriters Launches Admitted Habitational Program in California
Jun 8 2023 // The additional state rounds out offering led by program manager Jill Bay June 8, 2023, Scottsdale, AZ – Moxie Underwriters (‘Moxie’), an established program administrator led by managing underwriter Jill Bay,...
Chubb Launches Aviation Hub in Singapore, Led by Former QBE Underwriter
Jun 5 2023 // Chubb announced it has set up an aviation hub in Singapore to develop further its general aviation and aerospace business. The Singapore aviation hub is part of a strategic regional focus for the aviation team from Chubb...
State Farm’s California Halt Reflects Overall Poor Underwriting Experience, Ratings Agency Says
May 31 2023 // State Farm’s announcement last week that the carrier was no longer writing new personal or business property/casualty policies in California “reflects the poor underwriting experience for California...
People Moves: Hong Kong’s FWD Names Former SiriusPoint CEO as Group CFO; Lloyd’s Names Beazley’s Turk as Chief Underwriting Officer
May 31 2023 // This edition of International People Moves details appointments at FWD Group and Lloyd’s of London. A summary of these new hires follows here. Hong Kong’s FWD Group Names Former SiriusPoint CEO as Group CFO FWD...
People Moves: Cowbell Names CNA’s Bilbao as UK Director of Underwriting; Allianz Commercial Promotes Execs in Iberia, Latin America
May 25 2023 // This edition of International People Moves details appointments at Cowbell Cyber and Allianz Commercial. A summary of these new hires follows here. Cowbell Names CNA’s Bilbao as UK Director of Underwriting Cowbell,...
People Moves: Lockton Adds IP Experts Sandler and Taylor; Byrne Hired at Cowbell as VP Tech E&O Underwriting
May 25 2023 // Lockton Adds Intellectual Property Experts to Transaction Liability Practice Lockton has hired Jason Sandler and Craig Taylor to its intangible asset and contingent liability practice, a division within its broader...
Brown & Brown Agrees to Buy UK Parent of Nexus Underwriting, Xenia Broking
May 24 2023 // Brown & Brown Inc., the Daytona Beach, Fla.-based broker, announced it has entered into an agreement to acquire Kentro Capital Ltd. in the UK. The transaction is expected to close in the fourth quarter of 2023, subject...
U.S. P/C Industry Posts Record Q1 Underwriting Loss: S&P
May 24 2023 // An analysis from S&P Global Market Intelligence found that the finger can be pointed at personal lines carriers for most of the property/casualty industry underwriting red ink during the first quarter. The U.S. P/C...
MGAs, Delegated Underwriting Authority Enterprises Sparked Double-Digit Growth in 2022 U.S. Premiums: AM Best
May 22 2023 // Direct premium written through the delegated underwriting authority enterprises (DUAE) market in the United States continued its significant growth rate in 2022, increasing by 13.8% to $67.6 billion, according to a new...
Risk Strategies Acquires Combined Underwriters of Miami
May 17 2023 // Risk Strategies, a specialty insurance brokerage with national reach, has acquired Combined Underwriters of Miami, an independent agency that offers commercial and personal insurance and benefits products in south...
