Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Personal Lines Insurance Poised to Turn Profit in 2020 As Auto Claims Fall: Fitch
Jul 20 2020 // After a profitable 2019, the U.S. personal lines insurance sector is positioned to see underwriting profits in 2020 even with considerable economic uncertainty from the coronavirus pandemic, according to a report from...
Lloyd’s Underwriters Sue Indiana Archdiocese Over Liability Insurance Response
Jul 17 2020 // An insurance company is suing the Indianapolis archdiocese, alleging that it failed to disclose allegations of child sexual abuse by a Catholic priest when it applied for liability insurance. Underwriters for Lloyd’s...
Castel Acquires Dutch Marine Business from The Hartford
Jul 17 2020 // Castel Underwriting Europe B.V. has agreed to acquire the renewal rights for a Navigators Europe book of predominantly of Dutch marine cargo, inland hull, land-based equipment and liability business from The...
Berkley Crime Names Platt Assistant Vice President/Underwriter for West
Jul 17 2020 // Berkley Crime, a division of Berkley FinSecure, a Berkley Co., has named Brian Platt assistant vice president-Underwriter. Platt will be focused on developing stand-alone fidelity/crime business across a spectrum of...
Axis Adds Swiss Re, NAS and Hiscox Veterans to U.S. Cyber Insurance Team
Jul 14 2020 // Specialty insurer AXIS Insurance announced the hiring of three experienced underwriters to its U.S. Cyber and Technology team. Peter Smith will join AXIS as underwriting manager, while and Emma Werth and Jessica Currier...
Phillips Named Senior Underwriter at WQIS in Houston
Jul 13 2020 // The Water Quality Insurance Syndicate (WQIS), a specialist insurer that provides comprehensive coverage in the vessel pollution insurance market, has appointed John P. Phillips as senior underwriter based in...
Atlas Financial Extends Underwriting Agreement with National Interstate
Jul 13 2020 // Schaumburg, Ill.-based Atlas Financial Holdings Inc. has extended its agreement with National Interstate Insurance Co. (National Interstate) under which Atlas subsidiaries will continue to act as underwriting manager for...
Allstar Underwriters Expands Vacation Rental Insurance Program to Arkansas
Jul 10 2020 // Atlanta-based Allstar Underwriters has expanded its existing vacation rental insurance program into the state of Arkansas. The program has been offered in Tennessee since 2015, according to Laura Richardson, Allstar...
Rice to Retire from Ryan Specialty Group at Year-End
Jul 8 2020 // Mike Rice Sr. will retire from Chicago-based Ryan Specialty Group LLC (RSG) at the end of the year, the company said. Rice joined RSG in 2010 as chairman and CEO of RSG Underwriting Managers LLC (RSGUM) and will have...
Beazley Launches Booking System for Virtual Broker Meetings in New Business Reality
Jul 7 2020 // Specialist insurer Beazley has launched an online booking system to make it easier and quicker for brokers to arrange virtual appointments and share relevant documentation securely with underwritrs. Built in collaboration...
AXIS Taps Woolley from GCube as Senior Underwriter, Int’l Construction Team
Jul 2 2020 // AXIS Insurance, the specialty insurance business segment of AXIS Capital Holdings Ltd., announced the hiring of Anna Woolley as a senior underwriter in its International Construction team, effective immediately. In this...
Allianz Global Corporate & Specialty Restructures to ‘Regain Profitability’
Jul 1 2020 // Allianz Global Corporate & Specialty (AGCS), the industrial insurer of Allianz Group, is embarking on restructuring program, designed “to regain profitability and market leadership in the corporate and specialty...
Brit Global Specialty USA Transfers Renewal Rights for Cargo Business to Falvey Cargo
Jun 29 2020 // Brit Global Specialty USA will transfer the renewal rights for its cargo business to Falvey Cargo Underwriting, effective July 2. As part of the deal, Will Frohne and Yasu Saegusa will move from Brit to Falvey Cargo as...
Obsidian Insurance Holdings Appoints Armstrong as Chief Client Officer
Jun 26 2020 // Obsidian Insurance Holdings Inc., a fronting insurance holding company, has appointed Stacy Armstrong as chief client officer. Armstrong is a senior executive with more than 25 years of insurance and reinsurance industry...
There’s Plenty of Room for Improvement in U.S. Commercial Lines: Fitch
Jun 22 2020 // With an industry overall combined ratio for 2019 hovering just below 100, and individual lines like long-tail liability moving 10 points over breakeven, the U.S. commercial lines market has “plenty of room for...
AXA XL’s Mackie Joins Liberty Mutual Re to Head U.S. Property Business
Jun 22 2020 // Two-year old Liberty Mutual Re said it has appointed Scott Mackie to the role of director of Assumed Reinsurance – Property. Mackie will be responsible for managing the underwriting of U.S. property risk and pro-rata...
Swiss Re’s Chief Underwriting Officer Schmid Is Stepping Down, Succeeded by Léger
Jun 19 2020 // Swiss Re announced the appointment of Thierry Léger as the group chief underwriting officer, effective Sept. 1, 2020. At the same time, the reinsurer announced it is restructuring its life businesses. Léger succeeds...
S&P’s Outlook for AGCS Revised to Negative on ‘Weak Underwriting Performance’
Jun 18 2020 // S&P Global Ratings has revised its outlook on Allianz Global Corporate & Specialty SE (AGCS) to negative from stable, while at the same time affirmed the insurer’s “AA” financial strength and...
Third Coast Underwriters Promotes Hueneke to Southeast Regional Director
Jun 18 2020 // Third Coast Underwriters (3CU) has promoted Marica Hueneke to regional director for the company’s Southeast Region. She will be based in Nashville, Tenn. According to Mike Valiante, vice president Business...
Moody’s Assigns First-Time A3 Rating to Fosun-Backed Peak Re
Jun 16 2020 // Moody’s Investors Service has assigned an A3 insurance financial strength rating (IFSR) to Hong Kong-based Peak Reinsurance Co. Ltd. with a stable rating outlook. Peak Re’s A3 IFSR reflects its good franchise...
