Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Claim Solution Innovator CCG Moves into the Risk and Underwriting Arena with the Acquisition of RSI
Mar 19 2019 // Charlotte, North Carolina, March 19, 2019 – Consolidated Claims Group LLC (CCG), a leading provider of independent claim investigations, announced the acquisition of San Francisco-based Research Specialists Inc. (RSI), a...
Underwriting and Rating Tools Under Attack in State Legislatures
Mar 18 2019 // California, a bellwether state in many ways, rang in 2019 with a regulation banning the use of gender in auto insurance underwriting and rating. Prior to this regulation, insurers used gender in California for more than 30...
Pioneer Underwriters Names Former XL Catlin Executive Greggains as Its U.S. CEO
Mar 15 2019 // Pioneer Underwriters, the underwriting group within Minova Insurance Holdings, announced it has appointed Nick Greggains as CEO of Pioneer’s U.S. operation, effective March 25. Greggains succeeds current U.S. CEO...
Climate Activists to Pressure U.S. Insurers Underwriting Fossil Fuel Industry
Mar 14 2019 // Expect calls for the insurance industry to stop investing in or insuring the fossil fuel industry and fossil fuel projects to grow louder in California and throughout the U.S. A new petition by several climate change and...
Insurtech Corvus Launches Smart Cyber Excess Insurance with $10M Limit
Mar 14 2019 // Boston-based insurtech company Corvus Insurance has expanded its underwriting appetite for its Smart Cyber Insurance product lines with the launch of an excess cyber insurance policy designed to give brokers the ability to...
Aon, Insurtech Zesty.ai Partner to Enhance Property Underwriting with AI Data
Mar 13 2019 // Aon has formed a strategic alliance with Zesty.ai, a San Francisco-based insurtech startup, which uses artificial intelligence (AI) to enhance insurers’ property underwriting. Zesty.ai’s technology provides...
H.W. Kaufman, Burns & Wilcox Canada Buy TRU Transportation Risk Underwriters
Mar 8 2019 // H.W. Kaufman Group and Burns & Wilcox Canada announced they have acquired Toronto-based TRU Transportation Risk Underwriters Ltd. (TRU), a Canadian managing general agent (MGA) with expertise in providing risk...
Maine’s The MEMIC Group Appoints Austerman to Senior Production Underwriter
Mar 5 2019 // Workers’ compensation specialist The MEMIC Group has appointed Beth Austerman to senior production underwriter to support continued growth in the Central and Western New York markets. Austerman has more than 14 years...
HDI Global Specialty Acquires Neon Underwriting’s Bloodstock Team
Feb 28 2019 // HDI Global Specialty SE, the new specialty lines insurer, has acquired Neon Underwriting’s bloodstock team. The team is led by Mark Edwards, who has been Neon’s head of Specialty and class underwriter...
Berkshire Hathaway Sale of Applied Underwriters Said Due to ‘Channel Conflict’
Feb 27 2019 // In a rare move, Berkshire Hathaway is selling one of its companies, leading workers’ compensation specialist Applied Underwriters, in order to avoid conflict with its other workers’ compensation...
A.M. Best Sees $12 Billion P/C Insurance Underwriting Loss for 2018
Feb 27 2019 // The U.S. property/casualty industry is expected to report that 2018 was its third consecutive year with an underwriting loss. A new A.M. Best analysis projects an estimated net underwriting loss of $12.1 billion in 2018,...
QBE Takes Another Step to Reporting Strong Results, Consistently, with 2018 Profit
Feb 27 2019 // QBE Insurance Group took another step in its quest to achieve strong results, consistently, by reporting a cash profit after tax of US$715 million during 2018, a significant improvement on the cash loss of US$262 million...
Berkshire P/C Insurance Reported Q4 Loss, Profit for Full Year 2018
Feb 25 2019 // In the conglomerate’s annual report published on Saturday, Berkshire Hathaway’s Chair Warren Buffett recommended that readers focus on operating earnings, reviewing a year in which insurance operations...
Allstar Underwriters Expands HO-6 Condo Insurance Program to Three Eastern States
Feb 25 2019 // Allstar Underwriters (AUI) has expanded its HO-6 Condo Insurance Program to three additional states. The expansion covers Delaware, New Jersey and Maryland. Through the HO-6 expansion, AUI aims to continue developing...
New Investor Property Insurance Program Webinar to be Held Thursday, February 28
Feb 25 2019 // Atlanta, GA, February 25, 2019 — Jared Mathis, executive vice president and head of the Blue River Underwriters’ specialty property group will be presenting an informational webinar on a new investor property...
Berkshire Hathaway in Talks to Sell Workers’ Compensation Unit Applied Underwriters
Feb 22 2019 // Warren Buffett’s Berkshire Hathaway Inc. is in advanced discussions to sell its Applied Underwriters workers compensation unit to a consortium of insurance firms, people familiar with the matter said on Friday. The...
Lloyd’s Managing Agency Antares Appoints Battle as Chief Executive Officer
Feb 19 2019 // Antares the Lloyd’s managing agency and member of the QIC Group announced the appointment of Jonathan (Joe) Battle, the current active underwriter, as chief executive officer (subject to necessary regulatory...
J.M. Wilson Adds Jefferson as Transportation Underwriter in South Carolina
Feb 19 2019 // J.M. Wilson has added Jasmine Jefferson as Transportation underwriter in their North Charleston, S.C., office. Jefferson is responsible for underwriting new and renewal commercial transportation business, corresponding...
Midwest Ratings Roundup
Feb 18 2019 // Upgraded Ratings for Northwest G.F. Mutual Insurance AM Best upgraded the Financial Strength Rating to B++ (Good) from B+ (Good) and the Long-Term Issuer Credit Rating to “bbb” from “bbb-” of...
Insurtech-Driven MGA, Agile, Appointed as StarStone Partner in Australasia
Feb 15 2019 // Agile Underwriting Services Pty Ltd., the insurtech-driven managing general agency (MGA) and Lloyd’s coverholder, announced it has been appointed as a representative agent for global specialty insurer, StarStone, in...
