Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Future of Insurance: How Technology May Change P/C Underwriting and More
Oct 17 2022 // With rising inflation and the prospect of a recession on the horizon, the present macroeconomic environment is forcing property/casualty underwriters to adapt to new technologies and sources of data. All the while,...
The Future of P/C Underwriting: Shifting From Innovation to Operational Efficiency
Oct 13 2022 // With rising inflation and the prospects of a recession on the horizon, the present macroeconomic environment is forcing property/casualty underwriters to adapt to new technologies and sources of data. All the while,...
Lloyd’s Re/Insurer MS Amlin Underwriting Ltd. Promotes Carrier to CEO
Oct 11 2022 // MS Amlin Underwriting Ltd. (MS AUL), the Lloyd’s re/insurer, announced the appointment of Andrew Carrier as chief executive officer. Carrier, currently MS AUL’s chief underwriting officer (CUO), will take up...
Munich Re Commits to Stricter Policies for Oil & Gas Underwriting, Investments
Oct 7 2022 // Munich Re, the world’s largest reinsurer, on Thursday announced stricter policies for investing in and underwriting oil and gas projects, drawing praise from environmental activists. The German reinsurer said on its...
Gallagher’s Pen Underwriting Agrees to New Capacity Deal With Aviva
Oct 6 2022 // Pen Underwriting, the London-based managing general agent and Arthur J. Gallagher subsidiary, announced a new multi-year strategic partnership with Aviva in support of its personal lines and property owners’...
People Moves: AXA XL Reinsurance Promotes Twite to CEO, Bermuda; MGA Rokstone Hires 3 Engineering Underwriters From Globe
Sep 30 2022 // This edition of International People Moves details appointments at AXA XL Reinsurance and the MGA Rokstone. A summary of these new hires follows here. AXA XL Reinsurance Promotes Twite to CEO, Bermuda AXA XL Reinsurance...
Markets/Coverages: Travelers, Google Cloud to Build Data System to Underwrite Commercial Risk
Sep 22 2022 // Google Cloud and The Travelers Companies said they are working together to create a cloud-based data ecosystem that will help Travelers’ underwriters more efficiently evaluate risks for large and middle market...
Anthony Carroll and Peggy Day Join Breckenridge to Launch an MGU, Breckenridge Technical Underwriting (BreckTechUW)
Sep 22 2022 // ATLANTA, Ga., September 22, 2022 — Breckenridge Insurance announces the formation of BreckTechUW, a newly formed technical lines complex property operation, focusing primarily on US risks in the energy transition market....
U.S. P/C Records $6.3 Billion First-Half Underwriting Loss: AM Best
Sep 19 2022 // Growth in net premiums and a decline in policyholder dividends were eclipsed by losses and expenses to result in a $6.3 billion net underwriting loss for the U.S. property/casualty industry at the half-way mark of...
National Programs announces promotions at Orchid Underwriters
Sep 13 2022 // SAN DIEGO, Sept. 13, 2022 – Kathy Cody has been named chief executive officer of Orchid Underwriters Agency, and Ross Bowie has been named its president and chief underwriting officer. In addition, Steven Carlsen will...
Sam Frihart Joins Breckenridge Insurance Specialty Property Program Team as Commercial Property Underwriter
Sep 12 2022 // ATLANTA, Georgia, September 12, 2022 — Breckenridge Insurance welcomes Sam Frihart as a commercial property underwriter to its specialty property program team. Frihart has four years of underwriting experience on the...
Underwriting No Longer Sole Path to Profit, Say Berkley Execs
Sep 9 2022 // While the days of cash flow underwriting are a distant memory for veteran insurance executives, the need for industry’s more recent “preoccupation” with underwriting profit is starting to subside, two...
Lloyd’s Has Strong H1 Underwriting Profit, but Reports Overall Loss on Investment Hit
Sep 9 2022 // While Lloyd’s reported a strong underwriting profit during the first half and its best combined ratio in five years, similar to many insurers, it saw an overall loss as a result of its investments. Underwriting...
Markets/Coverages: AXIS Cyber and Liability Policy for SMBs; Moody’s ESG Underwriting Solution; CyberCube, AkinovA Partner on Cyber Analysis
Sep 8 2022 // AXIS Launches Streamlined Cyber and Liability Policy for Small and Mid-Sized Businesses AXIS Capital Holdings Limited said it launched an insurance policy that offers custom-built cyber and specialist liability coverage...
People Moves: MEMIC Names Coaker Senior Underwriter in Georgia
Sep 6 2022 // The MEMIC Group, specialists in workforce safety, has hired John Coaker as senior production underwriter in the Southeast. Coaker, based in Georgia, has worked in the industry for more than two decades. He will work with...
U.S. P/C Records $6.3 Billion First-Half Underwriting Loss: AM Best
Sep 6 2022 // Growth in net premiums and a decline in policyholder dividends were eclipsed by losses and expenses to result in a $6.3 billion net underwriting loss for the U.S. property/casualty industry at the half-way mark of...
P/C Underwriting Profitability to Worsen as Inflation, Hard Market Persist
Sep 5 2022 // The 2022 combined ratio for the property/casualty insurance industry is forecast to be 100.7, a worsening of 1.2 points relative to 2021, driven by significant deterioration in the personal auto line. Loss pressures and a...
It’s Over: Lasting Underwriting Profits in U.S. D&O Market Unlikely, Fitch Says
Sep 2 2022 // Three years of soaring directors and officers liability insurance prices pushed combined ratios down to the mid-to-high 90s, but new entrants and potential claims volatility may spell trouble for underwriters in the years...
Swiss Re Underwriter Wins Sex Discrimination Suit After Boss Joked About Her Breasts
Aug 26 2022 // A former Swiss Re AG underwriter won her sex discrimination suit after she was left humiliated by a senior manager who told her “If I had breasts like yours I would be demanding too.” Julia Sommer was unfairly...
Highstreet Acquires Michigan’s Paragon Underwriters
Aug 25 2022 // Highstreet Insurance Partners has acquired Michigan-based Paragon Underwriters. Paragon Underwriters is a program manager that focuses exclusively on attorneys and law firms. Highstreet. has now completed 125 transactions...
