Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Swedish MGA Brookfield Underwriting Acquired by Broking Group Säkra
Feb 21 2023 // Brookfield Underwriting, the specialist Stockholm-based high net worth managing general agent, announced it has been acquired by Säkra, one of Sweden’s largest insurance intermediaries, which itself has just been...
People Moves: MGA Rokstone Names Heaton From Nexus as Head of D&O; RSA Hires CNA Hardy’s Westwood for Cyber Underwriting Team
Feb 16 2023 // This edition of International People Moves details appointments at the UK-based MGA Rokstone and RSA Insurance. A summary of these new hires follows here. MGA Rokstone Names Heaton as Head of D&O Rokstone, the...
AIG Sees Q4 Profit Fall but General Insurance Underwriting Jumps 27%
Feb 16 2023 // Fourth quarter 2022 net income attributable to American International Group common shareholders fell to $264 million from about $3.7 billion the year prior, but the insurer’s general insurance business ended the year...
People Moves: Liberty Mutual Names Korte to New Underwriting Leadership Position; CFC Appoints Bailey Cyber Underwriting Leader
Feb 10 2023 // Liberty Mutual Names Korte to New Underwriting Leadership Position Liberty Mutual Insurance has appointed Dieter Korte as Global Risk Solutions North America chief underwriting officer, middle market. Korte has more than...
Specialty MGA UK Acquires Commercial ForestRe Team from Globe Underwriting
Feb 9 2023 // Specialty MGA UK, a recently formed managing general agent focused on providing additional capacity for specialty lines of businesses, has acquired the ForestRe team from Globe Underwriting, the UK-based MGA. Financial...
Wholesale Broker Socius Acquires New York’s Kelly Underwriting
Jan 19 2023 // San Francisco-based wholesale insurance brokerage Socius Insurance Services, Inc. has acquired the assets of Kelly Underwriting Services, a Farmingdale, New York based managing general underwriter. Led by Tom Nash, Kelly...
Mosaic Launches 7th Regional Underwriting Hub With Opening of Dubai Office
Jan 12 2023 // Bermuda-based Mosaic Insurance has opened an office in Dubai, United Arab Emirates, as a strategic regional platform to access risks from across the Middle East, Africa, and South Asia (MEASA) market. Three specialist...
People Moves: NFP Names Head of N.A. Construction Advisory; New Chief Underwriting Officer at Everspan
Jan 6 2023 // NFP Names Canning SVP NFP has named Andrew Canning senior vice president and head of project risk advisory for the company’s growing North America construction and infrastructure group. The group, part of NFP’s...
UK MGA Pen Underwriting Launches Claims Hub Dedicated to Property, Liability
Dec 19 2022 // Pen Underwriting has launched a new regional claims hub in Chelmsford dedicated to managing commercial property and liability claims, which will complement its existing team of specialists in Manchester, England. As part...
People Moves: Int’l Underwriting Assoc. Names LSM’s Hobbs as Chair, Succeeding Kuchinski; Howden Appoints Lehmann as Head of Climate Analytics
Dec 15 2022 // Phil Hobbs, president and managing director of Liberty Special Markets (LSM), has been elected as the new chair of the International Underwriting Association (IUA). He replaces Rob Kuchinski, head of Commercial Insurance...
Underwriting the Transition: Chaucer, Moody’s Break New Ground With ESG Scorecard
Dec 14 2022 // As corporations increasingly navigate the environmental, social and governmental (ESG) landscape, they require tools and benchmarking to help them meet their ESG targets. After all, regulators are moving to enforce...
Ryan Specialty Agrees to Acquire Griffin Underwriting in Washington
Dec 12 2022 // Ryan Specialty signed a definitive agreement to acquire certain assets of Griffin Underwriting Services in Bellevue, Washington. The acquisition is expected to close in January 2023. Griffin Underwriting is a binding...
A Near-Term Return to Underwriting Profit in Auto ‘Highly Unlikely’: AM Best
Dec 6 2022 // Apparently nothing has changed within the last several months to change AM Best’s negative outlook on the U.S. personal lines insurance segment. Tuesday the insurance industry rating agency said it was maintaining...
People Moves: Liberty Specialty Mkts Names Intact’s Conran as CUO; Arch Taps WTW’s Bradley as Cyber U/W; Rokstone’s iFarm Underwriting Recruits from Marsh, Geo
Nov 21 2022 // This edition of International People Moves details appointments at Liberty Specialty Markets, Arch Insurance International, and Rokstone’s iFarm Underwriting. A summary of these new hires follows here. Liberty...
Everest Unveils Refreshed Brand, Reflecting Commitment to ‘Underwrite Opportunity’
Nov 3 2022 // Everest Re Group Ltd., the Bermuda-based re/insurer, has unveiled a refreshed brand, including a new logo and visual identity reflecting its positioning and commitment to “underwrite opportunity” for...
People Moves: New Commercial Business Head at Hartford; Kapnick Adds Chief Growth Officer; AmTrust Hires Underwriting SVP
Nov 2 2022 // The Hartford Names Ant Head of Middle & Large Commercial Business Units The Hartford has named Tracey Ant head of middle and large commercial business units effective Jan. 1. In this newly created role, Ant will...
What Cyber Underwriters Miss: Small Businesses Aren’t Using MFA Correctly, Advisen Panel Says
Oct 31 2022 // As cyber threat actors continue to innovate and find new ways to increase their odds of success, panelists at the 2022 Advisen Cyber Risk Insights Conference urged underwriters to raise the stakes when assessing...
New Weed Products and Firms Mean Concerns, Opportunities for Underwriters
Oct 27 2022 // The legalized cannabis industry is rapidly evolving, with new, chemically concocted variants popping up almost monthly. On top of that, management of marijuana and hemp businesses is going through changes, with “weed...
People Moves: MS Amlin Appoints TMK’s Evans as Senior Underwriter, Marine Reinsurance; WTW Global Aerospace Heath Names PIIQ’s Heath to Lead Aerospace
Oct 24 2022 // MS Amlin Appoints TMK’s Evans as Senior Underwriter, Marine Reinsurance Paul Evans MS Amlin Underwriting Ltd., the Lloyd’s market re/insurer, announced the appointment of Paul Evans as senior underwriter Marine...
MS Amlin Underwriting Fined $11 Million for Risk Management Failings
Oct 20 2022 // The Bank of England said on Thursday it had fined insurer MS Amlin Underwriting Ltd (MSAUL) 9.695 million pounds ($10.84 million) for failings in its governance, controls and risk management which spanned five years. The...
