Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Gallagher Acquires Grand Cayman’s Briat, UK’s Manchester Underwriting
Oct 5 2021 // Global insurance broker Arthur J. Gallagher & Co. announced it has acquired two agencies: Grand Cayman-based Briat Insurance Ltd. and UK-based Manchester Underwriting Agencies Limited. Terms of the transactions were...
Arthur J. Gallagher & Co. Buys UK MGA Manchester Underwriting Agencies Ltd.
Oct 4 2021 // Arthur J. Gallagher & Co. announced that its specialist underwriting subsidiary Pen Underwriting has acquired 100% of UK-based Manchester Underwriting Agencies Ltd. and its wholly owned subsidiary, Manchester...
Workers’ Compensation Underwriting Results Again Beat Other Lines in 2020
Sep 30 2021 // Workers’ compensation underwriters have been consistently generating better underwriting profits than other property/casualty lines of business, and did so again in 2020 amid the pandemic. According to an AM Best...
AM Best Downgrades Casualty Underwriters Insurance in Utah
Sep 29 2021 // AM Best downgraded the Financial Strength Rating to B (Fair) from B+ (Good) and the Long-Term Issuer Credit Rating to “bb+” (Fair) from “bbb-” (Good) of Casualty Underwriters Insurance Co. in Salt...
People Moves: Amwins Global Risks Launches Underwriting Portfolio Mgmt; AXA XL Promotes MacFarlane to Head of Climate; R&Q Names Pinkes CEO of Legacy Insurance
Sep 29 2021 // This edition of International People Moves covers appointments at Amwins Global Risks, AXA XL and Randall & Quilter. A summary of these new hires follows. Amwins Global Risks Launches Underwriting Portfolio Management...
People Moves: Zurich’s Charles to SiriusPoint as Head of Americas P/C Insurance; Amwins Promotes Bernacki to New Role of Chief Underwriting Officer
Sep 27 2021 // SiriusPoint Names Zurich’s Charles as Head of Americas P/C Insurance SiriusPoint Ltd., the Bermuda-based global specialty insurer and reinsurer, announced that Patrick Charles has joined the company as head of...
UK Insurers Cautiously Willing to Underwrite Fire Safety Risks for High-Rise Recladding Projects: Survey
Sep 20 2021 // Insurers have revealed a cautious willingness to underwrite fire safety risks on new projects to remove defective cladding from high rise buildings. Around two-thirds of respondents to a survey by the International...
People Moves: Wuller Promoted to CEO of RSG Underwriting Managers, Replacing Clark
Sep 17 2021 // Ryan Specialty Group announced the appointment of Miles Wuller to chief executive officer of RSG Underwriting Managers, Ryan Specialty’s underwriting management specialty. Wuller will replace Tom Clark who is...
P/C Reinsurers Maintain Underwriting Discipline, Despite Rising Capacity: Guy Carpenter
Sep 10 2021 // Property and casualty reinsurers have displayed underwriting discipline during this year’s renewals, continuing with rate corrections that began several years ago, despite the pressures of abundant capacity. Prices...
Ryan Specialty Underwriting Managers CEO Clark Departs for Personal Reasons
Sep 8 2021 // Ryan Specialty Group announced that Tom Clark, chief executive officer of RSG Underwriting Managers, Ryan Specialty’s underwriting management specialty, will resign from his position effective September 30, 2021,...
Cyber Underwriting Changes: Is It Too Little, Too Late?
Sep 6 2021 // With primary rate changes approaching 50% and underwriting questions about network controls becoming more and more detailed, cyber insurers and reinsurers are reacting to an onslaught of ransomware attacks against...
P/C Insurers Boosted Underwriting Net Income 28% in First Half of Year: AM Best
Sep 6 2021 // The U.S. property/casualty industry grew its net underwriting income by 28% in the first six months of 2021 compared with the same prior-year period. According to a new AM Best report, a 5.4% growth in net earned premiums...
Align Acquires Atlanta-Based Underwriting Manager NBIS
Aug 30 2021 // Align Financial Holdings, LLC (“Align”), a general agency and specialist program underwriting manager announced that it has acquired Atlanta-based NationsBuilders Insurance Services, Inc. (“NBIS”),...
P/C Insurers Boosted Underwriting Net Income 28% in First Half of Year: AM Best
Aug 23 2021 // The U.S. property/casualty industry grew its net underwriting income by 28% in the first six months of 2021 compared with the same prior-year period. According to a new AM Best report, a 5.4% growth in net earned premiums...
What Property and Casualty Insurers Need to Know About Using Credit in Underwriting
Aug 10 2021 // This post is part of a series sponsored by TransUnion. Credit-based insurance risk scores draw from credit data to more accurately assess consumer risk and improve the underwriting process Today, credit-based insurance...
Blenheim Underwriting Launches Lloyd’s Managing Agency
Aug 10 2021 // Blenheim Underwriting Ltd. announced it has received final approval and the necessary permissions from UK regulators and Lloyd’s to act as a managing agency for Syndicate 5886. The effective date of transfer of...
People Moves: Fidelis Names Mathias as Director of Underwriting, Murfet as CRO; OneGlobal Hires BMS’ Bowring for Energy Casualty, Bermuda
Aug 5 2021 // This edition of International People Moves covers two promotions at the insurer Fidelis and a new hire at broker OneGlobal in Bermuda. A summary of these appointments follows here. Charles Mathias Fidelis, the...
Occam Underwriting Promotes Fisher to CEO, Succeeding Gibbins Who Becomes Chair
Jul 30 2021 // Occam Underwriting, the specialist lines-focused managing general agent, has announced the promotion of Chief Financial Officer Mark Fisher to chief executive officer, subject to regulatory approval. The previous CEO,...
CFC Underwriting Names Newman CEO as Walsh Becomes Group CEO
Jul 29 2021 // CFC Underwriting, the London-based specialist managing general agent, announced that Chief Innovation Office Graeme Newman has been appointed as the company’s new CEO. Founder and current CEO, Dave Walsh, will assume...
P/C Insurers’ Boost Net Income But Extreme Weather Hurts Underwriting in Q1
Jul 29 2021 // Private property/casualty insurers in the U.S. saw their net income after taxes increase significantly in the first quarter to $20 billion from $17.9 billion in the first quarter of 2020. Growth was fueled, in part, by an...
