Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
AXIS Insurance International Launches Portfolio Underwriting Unit in London
May 4 2022 // AXIS Capital Holdings Ltd. has launched a portfolio underwriting unit, which targets multi-class portfolio business that is placed in the London specialty insurance market. The Portfolio team is now actively underwriting...
AIG Q1 Net Income Up as Underwriting Profit Soars
May 3 2022 // First quarter underwriting profit soared as AIG reported net income of $4.25 billion compared with $3.87 billion during the 2021 first quarter. Underwriting income in AIG’s General Insurance unit was $446 million...
New Jersey Court Upholds State Regulator in Dispute With Applied Underwriters
May 2 2022 // The New Jersey insurance commissioner does not have to rely upon the state’s attorney general to bring a lawsuit against out-of-state insurers and their affiliates that it believes are violating state laws. Rather,...
Peter Friend Joins Specialty Property Program Team as Senior Underwriter
Apr 28 2022 // ATLANTA, Ga., April 28, 2022 — Breckenridge Insurance welcomes Peter Friend as senior underwriter to its specialty property program team. Friend has more than 15 years of experience in the industry having worked across...
U.S. Lawmakers Push Insurers to Stop Underwriting Fossil Fuels
Apr 27 2022 // A group of Democratic lawmakers, mostly members of the Congressional Progressive Caucus, have asked some of the nation’s biggest insurance companies to stop underwriting new fossil fuel projects that contribute to...
Chubb Posts Record Q1 P/C Underwriting Income
Apr 26 2022 // Chubb said first quarter 2022 net income fell to $1.97 billion compared with $2.3 billion during the same time a year ago but property/casualty underwriting income during the period shot up 106% to a record $1.3...
People Moves: Miller Taps WTW’s Power, Besso’s Harvey for Professional Risks; Arch Insurance Int’l Appoints Underwriters Barattini and Smith
Apr 21 2022 // This edition of International People Moves details appointments at the insurance broker Miller and insurer Arch Insurance International. A summary of these new hires follows here. Miller Taps WTW’s Power,...
People Moves: Risk Strategies Adds deRosa, Massi; Frederick Mutual Promotes Price, White; MEMIC HIres 3 Underwriters
Apr 19 2022 // Risk Strategies Adds to Private Client Services Team Boston-based specialty insurance brokerage Risk Strategies announced two hires in its Private Client Services practice. Tim deRosa has joined as chief operating officer,...
People Moves: AXIS Specialty Europe Names Mullarkey as CEO; SCOR Syndicate Appoints Arch’s Biggas as Active Underwriter
Apr 1 2022 // This edition of International People Moves details appointments at AXIS Specialty Europe and SCOR Syndicate. A summary of these new hires follows here. AXIS Specialty Europe Names Mullarkey as CEO AXIS Capital Holdings...
Howden’s Motor Specialist MGA KGM Underwriting Acquires UK Motor MGA Eridge
Apr 1 2022 // KGM Underwriting Services, a UK specialist motor insurer and subsidiary of Howden Group, announced the acquisition of Eridge Underwriting Agency, a managing general agent (MGA) that focuses on specialist and higher-rated...
Occam Completes Purchase of Terrorism-Specialist MGA Beech Underwriting
Mar 31 2022 // Occam Underwriting, the specialist lines managing general agency (MGA), announced it has completed the acquisition of Beech Underwriting Agencies Ltd. having received the required approval from the Financial Conduct...
Beazley Restructures Its Underwriting Team to Support Growth Ambitions
Mar 31 2022 // Beazley has restructured its underwriting team with the creation of four new divisions: Specialty Risks, Cyber Risks, MAP Risks and Property Risks. The divisions will be interconnected, able to operate at scale, and will...
Applied Underwriters New Omaha, Nebraska Headquarters Tops Out
Mar 30 2022 // Applied Underwriters’ mixed-use, 500-acre development on land formerly part of Boys Town in Omaha, Nebraska reached a milestone in its construction Tuesday as the company’s own operational headquarters on the...
Citizens: Underwriting Losses, but $81M in Net Income Thanks to Investments
Mar 24 2022 // Citizens Property Insurance Corp. directors said Wednesday they continue to worry about the state of the Florida insurance market, Citizens’ growth and its potential losses, despite $6.5 billion in surplus and an $81...
Arthur J. Gallagher & Co. Acquires Missouri’s Commercial Insurance Underwriters
Mar 23 2022 // Arthur J. Gallagher & Co. announced the acquisition of Springfield, Missouri-based Commercial Insurance Underwriters, Inc. (CIU). Terms of the transaction were not disclosed. Founded in 1984, CIU is a surplus lines...
RWI Underwriters Denying, Tightening Coverage Terms in Russia, Ukraine Region
Mar 18 2022 // Broker CAC Specialty said the representations and warranties insurance (RWI) market has tightened significantly in Russia, Ukraine, and other impacted regions with some underwriters outright denying coverage. “For...
Mosaic Creates Cyber Underwriting Hub in Bermuda
Mar 18 2022 // Mosaic Insurance is building a cyber-security underwriting unit in Bermuda, to align its global business strategy around the fast-growing risk. The specialty insurer has transferred its cyber team underwriter George Cole...
Oman Insurance Co. Receives Nod to Underwrite via Lloyd’s Syndicate-in-a-Box
Mar 17 2022 // Oman Insurance Co. (OIC) and Asta, the third-party managing agent at Lloyd’s, announced that OIC’s syndicate 2880 has received Lloyd’s approval to commence underwriting. Syndicate 2880 was launched under...
Prime Insurance Company Announces Underwriting Leadership Promotions
Mar 16 2022 // Chicago, IL USA, March 16, 2022 — Rick J. Lindsey, President, CEO and Chairman of Prime Insurance Company recently announced Richard Bryant to the position as President of Underwriting. Richard joined Prime Insurance...
Lloyd’s Slaps Record Fine on Atrium Underwriters for Bullying, Harassment
Mar 16 2022 // Lloyd’s of London has fined syndicate member Atrium Underwriters over one million pounds ($1.31 million) for bullying and harassment, the largest fine it has imposed for misconduct, the commercial insurance market...
