Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Corporate Culture, Cyber Risk Are Top of Mind for D&O Underwriters
Jan 21 2019 // Transparency and culture awareness were the key takeaways from a panel discussion on top directors and officers’ claims trends that took place at this year’s Professional Liability Underwriting Society (PLUS)...
Arthur J. Gallagher Acquires Interstate Insurance Underwriters in Louisiana
Jan 18 2019 // Arthur J. Gallagher & Co. has acquired Shreveport, Louisiana-based Interstate Insurance Underwriters LLC, the company announced. Terms of the transaction were not disclosed. Founded in 1963, Interstate Insurance...
P/C Insurers Pulled Off Underwriting Turnaround in First 9 Months
Jan 18 2019 // Private U.S. property/casualty insurers reported a $4.7 billion net underwriting gain in nine-months 2018, a sharp turnaround from a $21.0 billion net underwriting loss a year earlier. The results were helped by a rare...
Bhatia Joins California’s Preferred Employers Insurance as Sr. Underwriter
Jan 16 2019 // San Diego, California-based Preferred Employers Insurance, a Berkley Company, has added workers’ compensation underwriting expert, Minoo Bhatia, as a senior business development underwriter. Bhatia comes to Preferred...
We Need Your Voice
Jan 16 2019 // I remember very clearly the conversation that launched me on the path that brought me to this blog, the Academy and all that comes with them (typing at my stand-up desk in my office in the top-secret Academy of Insurance...
Big 3 Drive Personal Auto Insurance Recovery; Signs of Rate Hike Fatigue Ahead
Jan 16 2019 // Steady improvement for U.S. personal auto insurance companies has culminated in the sector’s best underwriting performance in 10 years, according to Fitch Ratings in a report. The market improvement was driven by the...
Verisk Launches Black Box 3 Solution to Enhance Medical Underwriting
Jan 14 2019 // Verisk, the Jersey City, N.J.- based data analytics provider, has launched Black Box 3 (BB3), a new solution available in parts of Canada, Europe, Australasia, and Asia, which helps insurers make underwriting decisions for...
AXA XL Uses AI to Speed Up Property Engineering Risk Analysis, Underwriting
Jan 10 2019 // AXA XL Risk Consulting announced it is using artificial intelligence (AI) to enhance its property risk engineering capabilities. AXA XL Risk Consulting is working with Expert System, an Italian developer of cognitive...
eSURETY® Recognized as a Top Surety Underwriting Platform
Jan 9 2019 // Ponte Vedra, FL, January 9, 2019 – eSURETY® is in the list of Top 10 Underwriting Solution Providers 2018 by Insurance CIO Outlook who publishes an annual listing of companies that are at the forefront of providing...
CorPro Underwriting Managers Expands AIG Management Liability Offering
Jan 8 2019 // CorPro Underwriting Managers has expanded its availability of several new key coverage enhancements under the Private Edge Plus and Not-for-Profit Risk Protector products (directors and officers, employment practices,...
Hamilton Underwriting Taps Vetch from W.R. Berkley as CFO, Replacing Barrett
Jan 7 2019 // Hamilton Underwriting Ltd., the managing agency of Syndicate 3334 and the Lloyd’s operations of Hamilton Insurance Group, announced that Robert Vetch has joined the agency as chief financial officer. Reporting to CEO...
People
Jan 7 2019 // Insurance broker Willis Towers Watson has appointed Bill Creedon as Construction Industry leader for North America within its Corporate Risk and Broking segment. Creedon, a 30-year insurance and construction risk industry...
2019 Insurance Industry Meetings & Conventions Directory
Jan 7 2019 // 2019 CIWA Industry Days Jan 6-8 Hilton La Jolla Torrey Pines La Jolla, CA CIWA www.ciwa.net 2019 Big ‘I’ Winter Meeting Jan 9-12 Hyatt Regency St. Louis at the Arch St. Louis, MO Independent Insurance Agents...
Mixing Up Occupancy for Commercial and Residential Properties
Jan 4 2019 // There is a trend in residential construction to build condominium communities that go beyond the traditional amenities we’re used to. We are accustomed to work out rooms, pools, game rooms and the like in...
R&Q’s EU Program Manager, Accredited, Forms Partnership with CPD Underwriting
Jan 3 2019 // Randall & Quilter Investment Holdings Ltd. announced that its wholly owned European subsidiary Accredited Insurance (Europe) Ltd. has signed a new program underwriting partnership with CPD Underwriting Solutions Ltd.,...
Arch Insurance Europe Finalizes Purchase of Ardonagh’s UK Commercial Lines Business
Jan 3 2019 // Arch Insurance Europe has completed the acquisition of the UK commercial lines business owned by The Ardonagh Group and part of its Geo Underwriting operating segment. The acquired business, which generated more than £150...
Commercial Auto: An Old Dog Up to New Tricks
Dec 28 2018 // For the seventh consecutive year, commercial auto is losing money. Despite rate increases in 23 of the last 25 quarters, the combined ratio topped 111 percent in 2017. The line has been a weak spot for many insurers,...
Lloyd’s Underwriters Agree to Settle Charges Related to NRA-Branded Insurance
Dec 21 2018 // In a December 20 consent order, 10 Lloyd’s of London underwriters have entered into an agreement to pay $5 million to the New York State Department of Financial Services (DFS) for underwriting fire arms liability...
Neon Underwriting Promotes Butt to CEO, Washington to Managing Director
Dec 21 2018 // Neon Underwriting Ltd. (NUL), Neon’s Lloyd’s managing agency, announced the promotions of Theo Butt to chief executive officer and Matthew Washington to managing director with immediate effect. The appointments...
UK MGA Nexus Acquires Hiscox Global Flying
Dec 20 2018 // Independent specialty managing general agent Nexus Group announced it has completed the acquisition of Hiscox Global Flying (HGF) via an asset purchase into Millstream Underwriting Ltd., a Nexus Group company that...
