Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
K2 Insurance of U.S. to Acquire UK’s Pioneer Underwriters
Feb 5 2020 // California-based specialty insurance holding company K2 Insurance Services is acquiring London-based Pioneer Underwriters. Pioneer will form the cornerstone for a new international platform of K2. This will initially...
J.M. Wilson Adds Knibloe as Assistant Transportation Underwriter in Michigan
Feb 5 2020 // J.M. Wilson has hired Andy Knibloe, as an assistant transportation underwriter in its Portage, Michigan, office. Knibloe is responsible for assisting underwriters on a wide variety of transportation risks, quoting new and...
The Unique Requirements of a Lloyd’s Syndicate-in-a-Box
Feb 4 2020 // Lloyd’s developed the concept of a syndicate-in-a-box (SiaB) to make it easier for innovative capital to enter the market, but there are certain requirements and differences compared to traditional syndicates. The...
W.R. Berkley Reports Underwriting Income Up, Catastrophe Losses Down
Jan 31 2020 // W.R. Berkley Corp. reported that its gross premiums written grew by more than 10 percent in the 2019 fourth quarter, thanks in part to accelerated rate increases. But net income dipped compared to the same period a year...
Is the Re/Insurance Industry Ready for the Fourth Industrial Revolution?
Jan 29 2020 // Industry transformations occur when the pain of staying the same is suddenly greater than the pain of changing, according to Karen White, CEO of RMS. “The second thing that has got to be present for those...
Beazley Adds Sanches as Underwriter in Southern California
Jan 29 2020 // Specialist insurer Beazley has appointed Justin Sanches as an underwriter within the U.S. healthcare liability team. Sanches joins Beazley’s Los Angeles, Calif., office to underwrite a range of global miscellaneous...
Workers’ Compensation Is Doing Well. Is It Time to Worry?
Jan 24 2020 // Although workers’ compensation results remain strong—and the line continues to outperform all other commercial insurance lines—worries about continued soft pricing and loss reserve levels for workers’...
AGCS Appoints Haagen as Chief Underwriting Officer Specialty, Succeeding O’Neill
Jan 22 2020 // Allianz Global Corporate & Specialty SE (AGCS), the corporate insurance carrier of Allianz Group, appointed Henning Haagen as chief underwriting officer specialty and member of the board of management, subject to...
MGA Incubator Castel Taps Carlos from Arch Insurance as Head of Specialty
Jan 17 2020 // Castel Underwriting Agencies Ltd., the managing general agent and club-style MGA formation platform, has announced the appointment of Raoul Carlos as head of Specialty as it structures its underwriting cells and MGAs into...
P/C Insurers Boosted Underwriting Profit, Surplus in 2019’s First 9 Months
Jan 17 2020 // The private U.S. property/casualty insurance industry saw its net underwriting gains increase to $5.4 billion in the first nine months of 2019 from $4.7 billion a year earlier, bolstered by growth in premiums and a drop in...
Coastal Insurance Underwriters Acquires Assets of Florida Tech Company Cybercom
Jan 17 2020 // Coastal Insurance Underwriters, Inc., a Ponte Vedra Beach Florida based MGU and program administrator, acquired the assets of Cybercom International Corp. on Jan. 2, 2020. Cybercom International Corporation, Inc. (CIC) was...
Philadelphia Insurance Names Doyle Co-Chief Underwriting Officer; Adds 3 Senior VPs
Jan 15 2020 // Philadelphia Insurance Companies has appointed John Doyle as a co-chief underwriting officer and promoted three vice presidents to senior vice president roles. Doyle is now shares the underwriting officer responsibilities...
One80 Intermediaries Acquires Pennsylvania’s Vista Underwriting Partners
Jan 15 2020 // One80 Intermediaries, a national wholesale insurance broker and program manager headquartered in Boston, Mass., has acquired Vista Underwriting Partners, a full service managing general underwriter of medical stop loss...
U.K. Broker Tysers Invests in Bermuda-Based MGA, Helix Underwriting Partners
Jan 15 2020 // Tysers, the London-based broker, announced it has taken a minority investment in Bermuda’s newly formed and first independent managing general agent Helix Underwriting Partners Ltd. “As we enter the 200th year...
Coastal Insurance Underwriters, Inc. Acquires Assets of Tech Company Partner
Jan 15 2020 // Ponte Vedra Beach, FL, January 15, 2020 – Coastal Insurance Underwriters, Inc. (Coastal), a Ponte Vedra Beach Florida based MGU and program administrator, announced the acquisition of Cybercom International...
BPB UW Management Launches Underwriting Agency as MGA Incubator
Jan 14 2020 // BPB UW Management Ltd (BPBUW) has launched an underwriting agency focused on nurturing individual MGA businesses. Its executive team is led by Chairman Jonathan Palmer-Brown, CEO John Holm, COO Margaret Ryan and Executive...
Liberty Mutual Re Opens Office in Singapore, Appoints Leong from Aspen Re
Jan 14 2020 // Liberty Mutual Re (LM Re), part of Liberty Mutual Insurance Group, announced it has opened an office in Singapore and appointed Annie Leong as regional underwriting manager for LM Re in Asia Pacific. “As LM Re...
MS Amlin Launches Specialist Equine MGA, David Ashby Underwriting
Jan 13 2020 // MS Amlin, the London-based re/insurer, announced the launch of David Ashby Underwriting Ltd (DAU), a specialist equine MGA. MS Amlin will serve as lead underwriter for the MGA and provide 50% of capacity for DAU through a...
Appalachian Underwriters Welcomes Back Roberts as New England Regional Manager
Jan 7 2020 // Appalachian Underwriters Inc. (AUI) has welcomed back Derek Roberts as its New England regional manager. Working locally out of AUI’s new Maine office, he will be placing accounts in Connecticut, Massachusetts,...
U.K. MGA Optio Buys Political Violence and Terrorism MGA, Newbridge Risk Partners
Jan 3 2020 // Optio, the London-based MGA that comprises Ascent Underwriting, Cove Programs and broker Bay Risk Services, announced it has acquired specialist political-violence and terrorism MGA Newbridge Risk Partners from Castel...
