Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
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...
People Moves: Coalition Hires Coletti From Swiss Re to Be Head of Cyber Underwriting
May 9 2023 // John Coletti, an cyber insurance veteran who was formerly the head of cyber reinsurance at Swiss Re, has been hired by Coalition as it head of cyber underwriting. At Swiss Re, Coletti was the head of global cyber,...
U.S. P/C Underwriting Profit in 2023? Not Yet, Fitch Predicts
May 8 2023 // Analysts at Fitch Ratings predict a better underwriting result for U.S. property/casualty insurers in 2023 compared to 2022, but the combined ratio is still going to hover above breakeven, according to their...
AIG Records Strongest Q1 Underwriting Results in General Insurance
May 5 2023 // American International Group said first quarter 2023 underwriting income in its general insurance segment was $502 million, “representing the strongest first quarter underwriting results AIG has achieved,” said...
Ardonagh Advisory to Buy HNW Broker Stanhope Cooper, MGA Renovation Underwriting
Apr 25 2023 // Ardonagh Advisory Holdings Ltd., a subsidiary of The Ardonagh Group, announced, it has agreed to acquire a majority shareholding in leading High Net Worth (HNW) broker Stanhope Cooper and managing general agent Renovation...
U.S. P/C Underwriting Profit in 2023? Not Yet, Fitch Predicts
Apr 17 2023 // Analysts at Fitch Ratings predict a better underwriting result for U.S. property/casualty insurers in 2023 than 2022, but the combined ratio is still going to hover above breakeven, according to their forecast. Fitch...
Near $27B Underwriting Loss in 2022; Largest Loss Since 2011
Apr 17 2023 // Key financial results for private U.S. property/casualty insurers significantly worsened in 2022 from a year earlier, according to preliminary results from global analytics provider Verisk and the American Property...
