Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Applied Underwriters’ Centauri Insurance Acquires Gulfstream Renewals
Feb 23 2021 // Applied Underwriters’ Centauri Insurance has acquired the renewal rights to approximately 16,700 policies across Alabama, Louisiana, and South Carolina from Gulfstream Property and Casualty Insurance Co. and...
Lloyd’s Expects to Reopen Underwriting Room in April or May
Feb 19 2021 // Lloyd’s expects to reopen its underwriting room on Lime Street in London after Easter from April 12, or after the early May UK holiday on May 4. The decision will depend on the UK government’s update on the...
Fitch Sees ‘Modest’ Homeowners Insurance Underwriting Loss for 2020
Feb 19 2021 // The homeowners insurance industry is poised to shift to a modest underwriting loss for 2020, reports Fitch Ratings, citing losses from natural catastrophes and managing operations amid the global pandemic. However, barring...
Palomar Teams Up with Austin’s Technical Risk Underwriters on Builder’s Risk
Feb 18 2021 // Palomar Holdings Inc., a specialty property insurance headquartered in La Jolla, Calif., has forged an agreement with Technical Risk Underwriters (TRU), an Austin, Texas-based subsidiary of Ryan Specialty Group LLC (RSG),...
AIG Sees ‘Continued Progress’ Despite P/C Underwriting Loss of $171 Million in Q4
Feb 17 2021 // American International Group’s property/casualty business booked a $171 million underwriting loss in the 2020 fourth quarter, barely a year after the insurer celebrated the division’s return to...
Monahan Returns to Appalachian Underwriters in Florida as P&C Senior Broker
Feb 17 2021 // Appalachian Underwriters, Inc. (AUI) has appointed Kimberly Monahan to its Brokerage Department as a property and casualty broker. Monahan is located in Daytona Beach, Fla., and will be working to cover the Northeast Coast...
Applied Underwriters Acquires Oklahoma Property and Casualty Insurance
Feb 16 2021 // Applied Underwriters’ affiliate, North American Casualty Co., has completed its acquisition of Oklahoma City-based Oklahoma Property and Casualty Insurance Co. (OP&C). Applied Underwriters plans to make various...
McGowan Joins Resilience from Beazley as VP, Cyber Underwriter in Chicago
Feb 10 2021 // Resilience, which provides insurance coverage and patented cybersecurity tools to protect mid-market companies, has added Kevin McGowan as vice president in its cyber underwriting unit. McGowan joins Resilience from...
Chubb Global Markets Creates New Energy Underwriting Team
Feb 10 2021 // Chubb announced the creation of a new energy team in Chubb Global Markets (CGM) that will underwrite and serve as a center of excellence for all large corporate energy customers in EMEA, Asia Pacific and Latin America. CGM...
ES Risks & FocusPoint International Announce New Solution with Certain Underwriters at Lloyd’s of London to Provide World Class Response Under ‘Crisis Bulwark’ Facility
Feb 9 2021 // London, UK, FEBRUARY 9, 2021 – ES Risks and FocusPoint International (FPI) announce a new offering with Lloyd’s of London, that will bring world-class crisis response and technology into the product concept to be...
Applied Underwriters Closes on Acquisition of Centauri Insurance Companies
Feb 8 2021 // Applied Underwriters has completed its acquisition of Centauri Specialty Insurance Co. and Centauri National Insurance Co., based in Sarasota, Florida. Florida, Louisiana and Texas regulators have approved the transaction....
Workers’ Compensation Underwriters Under the Gun to Understand Pandemic Data
Feb 4 2021 // Workers’ compensation underwriters are about to be tested in the marketplace like never before. While the current situation is not all because of the pandemic, the pandemic has “put gas on a fire that was...
Applied Underwriters to Acquire UK Yacht Insurance MGA, Concept Special Risks
Feb 4 2021 // Applied Underwriters announced it will acquire Concept Special Risks, a UK-based international managing general agent, which provides coverage for a variety of nautical vessels and operators across the globe. Based in...
Iowa’s CGA Insurance Services Launches Managing General Underwriter Program
Feb 3 2021 // West Des Moines, Iowa-based Career General Agency LLC (CGA Insurance Services), a subsidiary of GuideOne Insurance, has launched a managing general underwriter (MGU) program with its newly developed CGA Energy...
Maury, Donnelly & Parr, Kastendike Insurance Group Acquire Northeastern Underwriters
Feb 3 2021 // Maury, Donnelly & Parr Inc. (MDP) and the Kastendike Insurance Group (KIG) has acquired Connecticut-based Northeastern Underwriters LTD. (NEU). The transaction became effective January 1, 2021. As part of the...
Hiscox Appoints Nolan from Canopius to Lead Cargo Underwriting Team
Feb 3 2021 // Hiscox, the specialist global insurer, has appointed Aimee Nolan to head up its London Market cargo underwriting team. As cargo line underwriter, Nolan will be based in Hiscox’s London office, reporting to Mike...
As Insurers Exit Coal Underwriting, They May Find It’s Good for Stock Valuations
Feb 2 2021 // As far as climate groups like the Sunrise Project are concerned, getting insurers out of the coal underwriting business is the most important thing they can do. No more insurance, no more coal. It’s something Sunrise...
International Underwriting Association Elects Zurich’s Kuchinski as Chairman
Feb 1 2021 // Robert Kuchinski, head of Commercial Insurance at Zurich UK, has been elected as the new chairman of the International Underwriting Association (IUA). He replaces Patrick Tiernan who recently announced he would be leaving...
Coalition Adds 5 Hires to Middle Market Production Underwriting Team
Jan 29 2021 // Coalition has appointed five new production underwriters to help grow and serve the company’s middle market relationships. New Coalition production underwriting team members include: Andrew Cross, based in San...
AXA XL Names Colao as Global Chief Underwriting Officer for Cyber
Jan 28 2021 // AXA XL announced that Michael Colao, who has 20 years experience in financial services cyber security, has been named global chief underwriting officer for Cyber. Colao will manage aggregate cyber exposure across AXA...
