Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Axon Underwriting Forms Product Recall Crisis Management Division
Jun 15 2020 // Axon Underwriting Services LLC, a specialty lines program administrator, has formed Axon Crisis Management to offer its product recall and foodborne illness and contamination products for U.S. domiciled...
Aspen Insurance Reconfigures Management Team with 2 New CEOs, Non-Exec Director
Jun 12 2020 // Aspen Insurance Holdings Ltd. announced it has made some major changes to its management team, including the appointment of a non-executive director, two chief executive officers and a chief underwriting officer. The...
New Insurer Astaara Focuses on Protecting Maritime Industry from Cyber Risks
Jun 12 2020 // A new insurance services business, called Astaara Company Ltd. (ACL), has been launched to protect maritime companies from cyber threats Offering risk management, underwriting and analytics, London-based Astaara will work...
Fusner Named Chief Underwriting Officer at AF Group in Michigan
Jun 11 2020 // AF Group in Lansing, Michigan, has appointed Kelly Fusner as its new chief underwriting officer (CUO). Fusner will lead the strategic underwriting efforts for the organization, providing innovative expertise that will...
Worldwide Facilities Acquires Wisconsin’s Strategic Underwriting Solutions
Jun 11 2020 // Worldwide Facilities LLC, a national wholesale insurance broker, managing general agent and program manager, has acquired Strategic Underwriting Solutions LLC (SUS), a full service medical stop-loss focused managing...
A.M. Best Affirms North American Casualty Group Companies’ Ratings
Jun 10 2020 // Ratings issuer A.M. Best said it has removed from under review with negative implications and affirmed the Financial Strength Rating of A (Excellent) and Long-Term Issuer Credit Ratings of “a” of five companies...
Worldwide Facilities Acquires Virginia’s Royal Oak Underwriters
Jun 8 2020 // Worldwide Facilities LLC, a national wholesale insurance broker, managing general agent and program underwriter, has acquired Royal Oak Underwriters Inc., an excess and surplus lines insurance wholesaler based in Richmond,...
Applied Underwriters to Acquire Blue Ridge of South Carolina
Jun 5 2020 // Blue Ridge Specialty Group of Greenfield, South Carolina, a managing general underwriter specializing in trucking -related risks, has been acquired by Applied Underwriters, according to Applied Chairman and CEO Steve...
Diverging Views: Is COVID a One-Off Catastrophe or Not?
Jun 5 2020 // While reinsurers are “open for business” and insurers and reinsurers are reporting the impacts of COVID-19 as a one-off catastrophe impacting earnings rather than capital, equity markets are viewing the...
QBE North America Promotes Gransbury to Head New Specialty Unit; Krauss to A&H
Jun 2 2020 // QBE North America has promoted Steve Gransbury to head of Specialty Insurance, a new group of existing QBE businesses, and promoted Tara Krauss to head of Accident & Health. The Specialty Insurance unit Gransbury now...
SUITELIFE Underwriting Managers Hires Gentile as Underwriter
Jun 2 2020 // SUITELIFE Underwriting Managers, a managing general underwriter for full-service hotels, premier hotels, boutique hotels, condo-hotels, resorts and hotel management companies, has hired Zach Gentile as an underwriter....
K2 Insurance Services Launches International Re/insurance Platform in London
Jun 1 2020 // K2 Insurance Services, the underwriting and distribution specialist in the U.S. program insurance market, announced the launch of K2 International, a specialty insurance and reinsurance underwriting platform, based in...
K2 Insurance Services Completes Purchase of MGA Pioneer Underwriters
May 29 2020 // K2 Insurance Services LLC, the specialty insurance services holding company, has completed the purchase of Pioneer Underwriters, the London-based managing general agency. The deal was facilitated with a portfolio transfer,...
WSS Hires Easley as Sr. Broker/Underwriter in Texas
May 29 2020 // WSS, a member of XPT Group, a specialty insurance distribution company, has added Meghan Easley as senior broker/underwriter in its Plano, Texas, office. Easley brings 15 years of industry experience, most recently in...
DUAL Specialty Underwriting Adds Black to Management Liability Team in Tennessee
May 28 2020 // DUAL Specialty Underwriting (DSU), the Management Liability division of DUAL North America, has added Heather Black as a senior underwriter. Black will be located in Nashville, Tenn. Black brings nearly 18 years of...
Liberty Mutual Appoints Perez to Chief Underwriting Officer of Global Risk Solutions
May 27 2020 // Liberty Mutual Insurance has appointed David Perez as chief underwriting officer for Global Risk Solutions (GRS). GRS is Liberty Mutual’s global commercial and specialty lines reinsurer that provides a full range of...
P/C Insurance Underwriting Profits Up 21% for Q1: AM Best Analysis
May 27 2020 // Even though unrealized capital losses pushed surplus down 9 percent from year-end 2019 for the U.S. property/casualty insurance industry, aggregate underwriting profits for first-quarter 2020 were more than 21 percent...
Canopius Appoints AXA XL’s Elliott as APAC Casualty Underwriter
May 26 2020 // Canopius announced the appointment of Craig Elliott as casualty underwriter for the region, effective May 4, 2020. He reports to Claudio Saita, head of Australia & Pacific, and is based in the company’s Sydney...
Chubb Names McLaughlin Chief Underwriter for North America Retail Commercial
May 20 2020 // Chubb has appointed Michelle McLaughlin to be chief underwriting officer of its North America retail commercial property/casualty insurance division. In this capacity, McLaughlin will guide the business lines’...
For Third Point Re, COVID-19 Crisis Hurts, but It Celebrates 1st Underwriting Profit
May 20 2020 // Third Point Re reported a net loss of $183.6 million for the first quarter of 2020 due to COVID-19-related investment volatility – but the company still had big reasons to celebrate. For the first time since its...
