Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
CGS&C’s New MGA Targets U.S. Healthcare Industry with Lloyd’s
Jul 22 2014 // Wholesale insurance broker Cooper Gay Swett & Crawford (CGSC) has launched an underwriting management agency specializing in the healthcare industry. The new venture, Pro-Praxis Insurance, will be led by Robert Allen...
P/C Insurers’ Profit Dipped in Q1
Jul 21 2014 // Private U.S. property/casualty insurers’ net income after taxes fell to $13.8 billion in first-quarter 2014 from $14.3 billion in first-quarter 2013. Insurers’ pretax operating income – the sum of net gains...
Lloyd’s Underwriters Find Success with U.S. Subsidiaries: SNL
Jul 21 2014 // Insurers Hiscox Ltd., Beazley Plc and Catlin Group Ltd. are reaping the benefits of the U.S. market, according to a report from SNL Financial. SNL data shows how the three companies with significant participation in the...
Fitch Forecasts Shrinking P/C Insurer Profits
Jul 17 2014 // Fitch Ratings is forecasting that 2014 will end up as the second consecutive year of underwriting profits for the property/casualty industry with modest increase in the combined ratio. But the results for 2014 won’t...
CFC Underwriting Launches Intellectual Property Product
Jul 16 2014 // Specialist lines underwriting agency CFC has launched an intellectual property product focused on small and medium sized companies. The product can cover the costs associated with a number of intellectual property...
Liberty Mutual Expands Large, Global Property Risk Unit; Adds 5 Underwriters
Jul 10 2014 // Aiming for a bigger role in the market for large, complex global property risks, Liberty Mutual has expanded its National Accounts Property unit and added five underwriters. The unit provides ground-up, shared and layered,...
Lloyd’s Underwriters Find Success with U.S. Subsidiaries: SNL
Jul 7 2014 // Insurers Hiscox Ltd., Beazley Plc and Catlin Group Ltd. are reaping the benefits of the U.S. market, according to a report from SNL Financial. SNL data shows how the three companies with significant participation in the...
Arch Capital Makes Reinsurance Group Promotions; Management Changes
Jul 7 2014 // The Bermuda-based Arch Capital Group Ltd. (ACGL) has announced promotions in the reinsurance group “to support the recent expansion of the Company’s mortgage insurance and reinsurance operations.” Marc...
How New Capital is Changing P/C and What To Do About It
Jul 7 2014 // As waves of capital reshape reinsurer’s business model, the property/casualty (P/C) insurance industry needs to change, although how remains a matter of debate. Reinsurers face a growing threat from the capital...
P/C Insurers’ Profit Dipped in Q1
Jul 6 2014 // Private U.S. property/casualty insurers’ net income after taxes fell to $13.8 billion in first-quarter 2014 from $14.3 billion in first-quarter 2013. Insurers’ pretax operating income – the sum of net...
Markel Now Underwriting Trade Credit Insurance in U.S.
Jul 2 2014 // Markel Corp. is now underwriting trade credit insurance in its New York office. Policies will be underwritten on an admitted basis, utilizing two Markel insurance companies, Markel American Insurance Co. and Markel...
All Risks Taps Julien as California Workers’ Comp Underwriter
Jun 30 2014 // Danielle Julien has been hired by wholesaler All Risks Ltd. as a workers’ compensation brokerage underwriter located in San Diego, Calif. Julien will write workers’ compensation business with retail agents in...
Insurance Underwriter, Broker Merger Activity Up 20%: SNL
Jun 26 2014 // Year-to-date through June 20, the insurance mergers and acquisitions (M&A) market witnessed 160 deal announcements, compared to 134 deals over the same period of 2013 — an increase of roughly 20 percent, according to...
Barry Named Director of Property/Casualty Underwriting at J.M. Wilson
Jun 25 2014 // Managing general agency and surplus lines broker J.M. Wilson, based in Portage, Mich., promoted Roxanne Barry, to director of property and casualty underwriting. Roxanne Barry In addition to her role as property and...
Business Risk Partners Hires Professional Liability Underwriter in Connecticut
Jun 23 2014 // Business Risk Partners, a Windsor, Conn.-based managing general underwriter, has appointed Erinn Coletti as professional liability underwriter. Previously, Coletti served as a specialty underwriter at The Hanover Insurance...
ACE Names Chen Underwriting Manager for Asia Property, Terrorism
Jun 23 2014 // ACE Group has appointed Cassie Chen as regional Property and Terrorism underwriting manager for Asia. She will be based in the Singapore regional office and will report to Jason Keen, head of Property for Asia. Chen joined...
IAG Receives Regulatory Approval for Wesfarmers Underwriting Acquisition
Jun 20 2014 // Insurance Australia Group Limited (IAG) announced that it has received the required regulatory approvals from the Commonwealth Acting Assistant Treasurer for its acquisition of the Wesfarmers insurance underwriting...
ANV Opens Cyber/Media MGU for U.S. Small Business with James River
Jun 20 2014 // ANV Holdings BV, a Dutch specialty insurance business, has opened a U.S. managing general underwriter focused on communications and data security risks for “Main Street” U.S. businesses. Leib Dodell, a veteran...
If Fracking Is the Question, Insurers May Ask – What Is the Answer?
Jun 19 2014 // When it comes to the use of evolving technologies such as hydraulic fracturing, or fracking, in oil and gas production one big question insurance companies are faced with is: to insure or not to insure? That is a key...
ANV Launches U.S. Managing General Underwriter for D&O
Jun 18 2014 // ANV Holdings BV, the specialty insurance business, headquartered in the Netherlands, announced the opening of its first U.S. Market Managing General Underwriter (MGU), to be led by Peter McKeegan. ANV said the “team...
