Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
People Moves: Ryan Specialty Appoints Guerville to Chief Underwriting Officer of Ryan Specialty Underwriting Managers
Aug 18 2023 // Ryan Specialty Appoints Guerville to Chief Underwriting Officer of Ryan Specialty Underwriting Managers Ryan Specialty, headquartered in Chicago, Ill. appointed Kathy Guerville to chief underwriting officer of its...
Overcoming Fear of Change: How Effective Onboarding Fuels Success with Underwriting Technology
Aug 10 2023 // This post is part of a series sponsored by Insurance Quantified. Recently, while catching up with a longtime insurance executive, I asked him about the highlights of his career. This person had traveled the world to meet...
Inflation, Catastrophe Losses Lead P&C Underwriting Loss in 2023
Aug 8 2023 // The overall property/casualty industry is expected to finish 2023 with a net combined ratio of 102.2, according to a recent webinar by the Insurance Information Institute (Triple-I) and Milliman. Triple-I and Milliman...
US Insurers Invested in Fossil Fuels as Climate Risks to Underwriting Mount
Aug 8 2023 // U.S.-based insurers have invested hundreds of billions of dollars in fossil fuel-related assets which in turn contribute to the risk of climate-related damage to the underwriting side of their businesses, a new report said...
People Moves: BHSI Names AIG’s Bidmead for Transactional Liability; TransRe Announces Group of Promotions; CNA Hardy Appoints Sr. Underwriters for UK Marine
Aug 8 2023 // This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance (BHSI), Trans Re and CNA Hardy. A summary of these new hires follows here. BHSI Names AIG’s Bidmead as Head of...
Howden’s DUAL Acquires Equestrian Specialist MGA David Ashby Underwriting
Aug 7 2023 // DUAL, the London-based managing general agent, announced the acquisition of David Ashby Underwriting Ltd. (DAU), an MGA that specializes in bloodstock and high value sports horse insurance. Financial details of the deal...
Underwriters Need to Think Like Data Analysts
Aug 7 2023 // Automation is central to many carriers, MGUs and agents as they grow their business and work to keep pace with rapidly advancing technologies. In recent years, underwriting has become much more technology- and data-driven,...
ProFinity Insurance Services Appoints New Senior Underwriter
Aug 1 2023 // Lionel Béjean Los Angeles, CA., July 31, 2023 – ProFinity Insurance Services, a specialty MGA focused on professional liability solutions for a variety of niche industries, today announced the appointment of Lionel...
MGA Pen Underwriting Creates Standalone Financial Lines & Specialist Liability Division
Aug 1 2023 // Pen Underwriting, the London-based managing general agent and Gallagher subsidiary, announced changes to its divisional structure to bring together core underwriting capabilities and expertise, for the benefit of its...
Diverging Cyber Cat Model Results Challenge Underwriters’ Risk Analysis: Guy Carpenter
Aug 1 2023 // Significant progress has been made in advancing vendor’s cyber catastrophe models, but a notable degree of variability exists across model outputs, which can pose a challenge to insurance and reinsurance companies as...
Getting Ahead of Submission Overload: The Need for Systematic Prioritization in Commercial Lines Underwriting
Jul 28 2023 // This post is part of a series sponsored by Insurance Quantified. “I Know, You Don’t Have Time to Read This. You’re Drowning in Submissions.” I’ve had the opportunity to spend part of my career...
People Moves: Schaper Now AIG Global Chief Underwriting Officer; Brough Head of Aspen Marketing, US Distribution; Giannisis is HUB N.A. Property Practice Leader
Jul 27 2023 // American International Group said Christopher Schaper, currently CEO of AIG Re, has been named global chief underwriting officer of AIG, effective as of the closing of the previously announced sale of Validus Re to...
People Moves: Arch Promotes Blois to Underwriting Mgr, Hires 3 PI U/Ws; Canopius Names CFC’s Gayle as Cyber U/W; WTW Taps Sales From Aon for Large Client GB Team
Jul 24 2023 // This edition of International People Moves details appointments at Arch Insurance, Canopius, and Willis Towers Watson (WTW). A summary of these new hires follows here. Arch Promotes Blois to U/W Manager, Hires 3 PI...
People Moves: E&S Casualty at Ascot Group U.S. Names Keller Senior Lead Underwriter
Jul 19 2023 // E&S Casualty at Ascot Group U.S. Names Keller Senior Lead Underwriter Ron Keller has been named senior lead underwriter, E&S Casualty at Ascot Group U.S. Keller is based in the Chicago, Ill., office and is...
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...
