Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
New Jersey’s Selective Insurance Group Announces Officer Appointments
Jun 28 2018 // Selective Insurance Company of America, a subsidiary of Branchville, N.J.-headquartered Selective Insurance Group Inc., has announced the following officer appointments. Maria Orecchio has been appointed to senior vice...
Folgate Insurance Co. Gets UK License to Write Re/Insurance Business
Jun 27 2018 // Folgate Insurance Co. Ltd. has received approval from the UK’s Prudential Regulation Authority (PRA) to start writing primary insurance, as well as reinsurance. All business written through Folgate will be...
What’s Ahead for Reinsurance Industry in 2018: Fitch
Jun 27 2018 // The global reinsurance industry demonstrated resiliency following the record level of catastrophe losses in 2017, as very strong capitalization and effective risk management enabled the sector to absorb the multiple hits...
International Underwriting Association Publishes Brexit Contract Continuity Clause
Jun 26 2018 // A Brexit clause has been published by the International Underwriting Association (IUA) to help companies manage insurance contracts as the UK leaves the European Union. The Brexit Contract Continuation Clause aims to...
Modernization, Underwriting Systems & Brexit Top COO Priorities: Lloyd’s Market Assn.
Jun 25 2018 // Market modernization, underwriting systems upgrades and Brexit preparations are the top three 2018 priorities of Lloyd’s market chief operating officers (COOs), a survey commissioned by the Lloyd’s Market...
Lewis Succeeds West as Leader of Chubb’s Mid-Market Commercial Lines; Rockwell Named Chief Underwriter
Jun 21 2018 // Chubb has appointed Paul Lewis North America Commercial Insurance Industry practice leader for its North American mid-market segment. He will be responsible for leading Chubb’s Commercial Insurance Industry practices...
Hamilton Underwriting Taps Chubb’s Lee-Amies as Head of Treaty at Syndicate 3334
Jun 21 2018 // Hamilton Underwriting Ltd., the managing agency of Syndicate 3334 and the Lloyd’s operations of Hamilton Insurance Group, announced that Neil Lee-Amies has joined the agency as head of Treaty. Lee-Amies reports to...
Amwins’ Davies Tapped to Lead New Property Underwriting Facility for Ryan Specialty Group
Jun 20 2018 // Chicago-based Ryan Specialty Group LLC (RSG) has named Katie Davies as president and CEO of a new, yet-to-be-named property catastrophe managing underwriting facility that will be exclusive to RT Specialty. Company...
Aon Launches Updated Thai Flood Model to Support Underwriters in Market
Jun 20 2018 // Aon plc, the London-based professional services firm, has launched an updated Thailand flood catastrophe model to improve understanding of this peril and help insurers build resilience for businesses and...
Appalachian Underwriters Hires Duran as Texas External Marketing Rep
Jun 18 2018 // Appalachian Underwriters Inc. has added Armando Duran as external marketing representative for Texas. He is based in the Dallas/Fort Worth area and will focus on agent relationships throughout the state. Duran comes to AUI...
Major Growth Plans Ahead for Schinnerer Group – Now Rebranded as ‘Victor’
Jun 18 2018 // Big changes are ahead at The Schinnerer Group, a managing general underwriter (MGU), which is getting a new name – Victor – and has some major expansion plans. From its current premium base of $1.2 billion,...
People
Jun 18 2018 // EPIC Insurance Brokers and Consultants has added risk management and insurance professionals Rose Nordbrock, Jeff Breskin, Pabla Barros and Jose Fuentes to the firm’s operations in Southern California. Nordbrock...
UK MGU StartPoint Taps Liberty Specialty’s Selby to Lead Financial Institutions Team
Jun 15 2018 // London-based managing general underwriter StartPoint Executive Risks has appointed Mark Selby as head of its newly created financial institutions underwriting practice. The FI practice is a complement to the current...
CFC Underwriting Offers Cover for Financial Institutions, Investment Managers
Jun 14 2018 // Specialist insurance provider, CFC Underwriting, has launched its first insurance solution for financial institutions. CFC’s Investment Management Insurance (IMI) policy is the first in a suite of products designed...
MGA Volante Obtains US$900M in Capacity to Support 9 Global Underwriting Teams
Jun 14 2018 // Volante Global Ltd., the new international managing general agent (MGA) platform, has successfully secured a US$900 million gross premium, multi-class, multi-territory “A+” capacity treaty agreement. The...
New York’s AmTrust Appoints Hickey as Group Chief Underwriting Officer
Jun 12 2018 // AmTrust Financial Services Inc., a multinational insurance holding company headquartered in New York City, has named J. Daniel Hickey as group chief underwriting officer. Hickey is based at AmTrust’s New York City...
Markel Gets License to Underwrite Reinsurance on Lloyd’s India Platform
Jun 12 2018 // Markel International, the specialist insurer, has been granted a license by the Insurance Regulatory and Development Authority of India to write reinsurance business in the country. Capacity will be provided by...
RTG’s Limehouse Agencies Buys Corporate Underwriting, Dublin-Based Marine Agency
Jun 11 2018 // Limehouse Agencies, part of Risk Transfer Group Ltd. (RTG), announced it has acquired Corporate Underwriting Ltd. (CUL), a specialist marine underwriting agency and Lloyd’s coverholder. The acquisition of...
Profile: Major Growth Plans Ahead for Schinnerer Group – Now Rebranded as ‘Victor’
Jun 7 2018 // Big changes are ahead at The Schinnerer Group, a managing general underwriter (MGU), which is getting a new name – Victor – and has some major expansion plans. From its current premium base of $1.2 billion, Victor has...
People
Jun 4 2018 // Smart Choice has named Chris Reisdorf, formerly of All Risks, to lead the company’s efforts in North Carolina as state director. A 25-year veteran of the insurance industry, Reisdorf has worked in a number of areas...
