Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
In His Own Words: Q&A with Applied Underwriters’ Menzies on Buffet, California and ‘Pumping Entrepreneurial Power’
May 3 2021 // Steve Menzies, founder and chairman of Applied Underwriters Inc., is a busy man. Since he reacquired his company from Warren Buffett’s Berkshire Hathaway in 2019, he has been buying businesses, creating new...
People Moves: AXA XL’s Hiscock to AXIS; Carpenter Promotes Gaudron, Hires Willis Re’s den Boer; Dahlmann at Marsh; Forder to Dale Underwriting
Apr 22 2021 // This wrap-up of international People Moves details recent appointments at AXIS Re, Guy Carpenter, Marsh and Dale Underwriting Partners. A summary of these new hires follows here. Lisa Hiscock AXIS Re, the reinsurance...
Reinsurers Remain Resilient Despite P/C Underwriting Losses in 2020
Apr 22 2021 // Despite the combined effects of around $25 billion of pandemic and natural catastrophe-related losses as well compromised investment returns, a group of reinsurers studied by Aon reported positive earnings for 2020 and an...
Appalachian Underwriters Expands into Life Insurance Market with Fintech Ethos
Apr 21 2021 // Appalachian Underwriters, Inc. (AUI) has partnered with life insurance provider Ethos to offer the coverage via the fintech’s online platform. Agents can now quote customers’ life insurance without medical...
Helix Underwriting to Write Excess Casualty, Forming Agency Agreement with Watford
Apr 19 2021 // Helix Underwriting Partners Ltd., the Bermuda-based managing general agency, has expanded its agency platform into the excess casualty insurance segment. The move will see Tim Hadler join as chief underwriting officer to...
P/C Insurers Show 2020 Underwriting Profits Despite COVID-19: Fitch
Apr 19 2021 // Despite considerable operating challenges in 2020 from the global COVID-19 pandemic, U.S. property/casualty (P/C) insurers saw a statutory underwriting profit for the third consecutive year, with an average 99% combined...
Willis Towers Watson Launches ‘Radar Workbench’ for Commercial Underwriters
Apr 16 2021 // Insurance broker Willis Towers Watson has launched Radar Workbench, new software technology aims to transform the performance of frontline commercial underwriters. “Radar Workbench has been developed to provide the...
Applied Underwriters Finalizes Acquisition of UK MGA Concept Special Risks
Apr 15 2021 // Applied Underwriters, the Omaha, Neb.-headquartered insurer, announced it has completed the acquisition of UK managing general agent Concept Special Risks (CSR), after receiving regulatory approval. Financial details of...
U.S. P/C Insurers Report 2020 Underwriting Profits Despite Costs of COVID-19: Fitch
Apr 12 2021 // Despite considerable operating challenges in 2020 from the global COVID-19 pandemic, U.S. property/casualty (P/C) insurers saw a statutory underwriting profit for the third consecutive year, with an average 99% combined...
Why Character Is So Important for Underwriting Surety Bonds
Apr 8 2021 // This post is part of a series sponsored by Old Republic Surety. When a surety company asks personal questions of construction clients, they may think the surety is too invasive. Here’s why the answers to those...
Federal Court Won’t Intervene in Applied Underwriters Case Against California Regulator
Apr 5 2021 // A California federal court has declined to get involved with a lawsuit that Applied Underwriters and the California Insurance Co. filed against the California Department of Insurance. The case against the CDI is based upon...
Applied Underwriters Acquires Florida Casualty Insurance Co.
Mar 18 2021 // Florida Casualty Insurance Co. (FCIC), formerly Ashmere Insurance Co., has been acquired by Applied Underwriters and will become part of Applied’s national and international development plan. The newly re-branded,...
Assessing Delegated Underwriting Authorities, MGAs: AM Best Explains
Mar 18 2021 // Over the last decade, as insurers and reinsurers have sought profitable opportunities for growth, they increasingly have handed the underwriting pen to managing general agents, managing general underwriters, program...
Swiss Re Announces Net-Zero Climate Targets in Underwriting, Investments
Mar 16 2021 // Swiss Re announced new measures to support the transition to a net-zero economy by 2050, which encompass re/insurance underwriting, asset management and its own operations. “Climate change remains the biggest...
Zurich NA Names Heintz Underwriting Manager for South Central Region
Mar 9 2021 // Jim Heintz has been appointed as underwriting manager for property/casualty insurer Zurich North America’s South Central area. In his role as underwriting manager for the South Central area, Heintz will be...
Mosaic Begins Underwriting War, Terrorism & Political Violence Risks Globally
Mar 9 2021 // Mosaic, the new Bermuda-based global specialty insurer, announced it has begun underwriting war, terrorism and political violence risks globally out of offices in London and New York. Mosaic will offer tailored coverage...
Appalachian Underwriters Insurance Pros in Dallas Step Up During Winter Storm
Mar 8 2021 // In mid-February, when a severe cold front came down from the North Pole and swept across the nation and record snowfall and low temperatures froze society in its tracks, insurance professionals were ready to lend a helping...
Nebraska’s Applied Underwriters Promotes 4 in Actuarial Department
Mar 1 2021 // Justin Smith, Jing Hong, Joan Klucarich and Jordan Comacchio have been promoted at Omaha, Nebraska-based global insurance and risk services firm Applied Underwriters, which is expanding its actuarial faculty and...
GEICO Drives Up Berkshire 2020 Underwriting Profit
Mar 1 2021 // With GEICO’s 2020 underwriting profit more than doubling above the level recorded in 2019, Berkshire Hathaway’s full-year property/casualty underwriting income was in the black, even though the...
Lloyd’s Plans to Re-Open Underwriting Room on May 17
Mar 1 2021 // Lloyd’s announced on Friday, Feb. 26 that it plans to re-open its London underwriting room and corporation offices on May 17. To manage capacity and ensure the market is COVID-secure, it will once again apply a class...
