Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
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...
WCF Insurance Promotes Boyd to California Director of Underwriting
May 20 2020 // WCF Insurance has promoted Ann Boyd to California director of underwriting in the Roseville. Boyd will lead the underwriting team’s growth and development in California will report to Gwen Church, vice president of...
Cyber Underwriting Firm Envelop Risk Raises $6 Million in Funding
May 15 2020 // Envelop Risk, the UK cyber underwriting and risk analytics business, announced a Series A investment of approximately $6 million. The funding round was led by artificial intelligence specialist investor Alpha Intelligence...
Generali and Insurtech Descartes Underwriting to Develop Parametric Insurance Cover
May 15 2020 // Generali’s P&C unit Global Corporate & Commercial (GC&C) and insurtech company Descartes Underwriting have formed a strategic partnership to develop parametric products designed to help close the growing...
Lentz Named Senior VP – Underwriting at Texas Mutual Insurance Co.
May 15 2020 // Workers’ compensation provider, Texas Mutual Insurance Co., has appointed Jeff Lentz as the company’s senior vice president (SVP) of underwriting. He most recently was vice president of underwriting at the...
Applied Underwriters’ Centauri Files $30M ‘Poaching’ Suit Against Wellington Insurance
May 14 2020 // A Florida-based managing general agency has filed a $30 million poaching lawsuit against three former executives and the agency they jumped to while it was in the process of being acquired. Centauri Specialty Insurance...
Insurers Zurich and Chubb Raise Cover for Canada Oil Sands Pipeline: Filings
May 13 2020 // Major insurers Zurich and Chubb increased their insurance cover for a Canadian oil sands pipeline over the last year, Canadian regulatory filings show. The Trans Mountain pipeline, which ships types of crude oil and...
Progressive Q1 Results Reflect ‘Significant Impact’ from Coronavirus, Restrictions
May 7 2020 // The Progressive Corp. said its results for the first quarter were “significantly impacted” by the spread of the coronavirus and social distancing and shelter-in-place restrictions. Despite a 30% increase in...
MGA Platform OneAdvent Buys Property MGA Modus from CFC Underwriting
May 6 2020 // OneAdvent, a London-based managing general agent (MGA) platform, announced the acquisition of Modus Underwriting Ltd., a digital-first MGA focused on providing niche property insurance products to brokers across the...
Tokio Marine Kiln Taps Chubb’s Shaw as Chief Underwriting Officer
May 4 2020 // Tokio Marine Kiln (TMK) has appointed Matthew Shaw as chief underwriting officer. Shaw joins from Chubb where he was most recently divisional president of global markets. Shaw joined Ace (latterly Chubb) in 2002 having...
Third Coast Underwriters to Offer Workers’ Comp Coverage in Florida, Wisconsin
May 1 2020 // Third Coast Underwriters (3CU), a national workers’ compensation insurance company, is expanding into Florida and Wisconsin. With the expansion, the company will offer its workers’ compensation coverage in 21...
Carbon Underwriting to Launch Syndicate-in-a-Box at Lloyd’s
May 1 2020 // Managing general underwriter Carbon Underwriting has received in-principle approval from Lloyd’s to launch a syndicate-in-a-box, Syndicate 4747. Carbon will start writing business, effective July 1, 2020, with stamp...
ClearPath Mutual of Kentucky Hires Stoller, Appoints Korsan to New Role
Apr 30 2020 // ClearPath Mutual Insurance has appointed Don Stoller as the company’s director of Underwriting, and Bob Korsan as vice president of Business Development. Don Stoller Stoller most recently held the position of master...
Beazley Expands M&A Insurance Team with 5 New Underwriters, Geographies
Apr 29 2020 // Specialist insurer Beazley has expanded its mergers & acquisitions (M&A) team with new locations and the appointment of five new underwriters. This follows several years of continuous growth in underwriting...
Breckenridge Insurance Services Welcomes Three Established Brokers
Apr 29 2020 // Atlanta, GA, April 29, 2020 — Breckenridge Insurance Services is pleased to welcome Michael Silvestri, Tracey Burmingham, AAI and Vance Root as vice presidents/brokers to the company as part of its expansion plans...
