Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
StarStone Launches Casualty Consortium for Australia, New Zealand Markets
Aug 15 2018 // StarStone, the global specialty insurer, has launched a casualty consortium targeted at the Australian and New Zealand markets. The consortium is led by StarStone’s Mark Hunt and has begun underwriting...
XL Catlin Expands M&A Underwriting Team with Khalidi and Jensen
Aug 14 2018 // XL Catlin insurance operations recently added Naveed Khalidi and Michelle Jensen to its team of Mergers and Acquisitions (M&A) insurance underwriters. Khalidi joins XL Catlin from Allied World Assurance Co., where he...
AmWINS Forms Sentinel Marine Underwriters with Houston Office
Aug 13 2018 // AmWINS Group Inc. (AmWINS) has formed a new managing general agency with a focus on marine risks, Sentinel Marine Underwriters (SMU). Executive vice presidents Mark Bernas and Keith Blair will lead SMU from Houston, Texas,...
Chubb Appoints Nazir from Aspen as Cyber Underwriting Manager, UK & Ireland
Aug 13 2018 // Chubb announced the appointment of Raheila Nazir as cyber underwriting manager for the UK and Ireland. In this role, Nazir will have responsibility for the leadership and direction of Chubb’s UK&I Cyber...
CorPro Underwriting Managers Hires Giuliano as a Senior Underwriter in New York
Aug 8 2018 // CorPro Underwriting Managers has hired Michael Giuliano as a senior underwriter based in New York, N.Y. He specializes in private company and not-for-profit directors and officers (D&O), employment practices liability...
Aligning Sales and Marketing to Go from ‘Just Dating’ to ‘Happily Married’
Aug 8 2018 // CNA’s Emily Hathcoat launched a sales and marketing therapy session that promised tabloid-worthy confessions. Here is how she set the stage: “If you were to give your marketing and sales teams a relationship...
Aspen’s Restructuring Continues – To Improve Results, Preserve Shareholder Value
Aug 7 2018 // The chief executive of Aspen Insurance Holdings Limited described business changes to Aspen’s Lloyd’s insurance book last week, while neither unequivocally confirming or denying rumors that a deal to sell the...
Nephila Gets In-Principle Approval From Lloyd’s to Form Managing Agency
Aug 7 2018 // Bermuda-based Nephila Capital announced that the Lloyd’s Board (previously called the Franchise Board) has given in principle approval to Nephila’s plan to form its own managing agency, subject to regulatory...
Petrilli Named President of AmWINS Group’s Underwriting Division
Aug 6 2018 // AmWINS Group Inc., the Charlotte, N.C.-based independent wholesale distributor of specialty insurance products, announced that Robert “Bob” Petrilli has been named president of the firm’s underwriting...
As Underwriting Pain Increases, Insurers Pull Back from Underperforming Lines
Aug 6 2018 // News that Lloyd’s is undergoing a strategic review of its operations may be part of a larger industrywide phenomenon—reality is setting in and underwriting pain is increasing, an industry executive said last...
AF Group Drives into Commercial Auto with Fundamental
Aug 6 2018 // Lansing, Michigan-based AF Group is branching out from its traditional base in workers’ compensation into the specialty commercial auto insurance niche, driven by a new operating company, Fundamental...
AIG’s Q2 Profit Drops 17% as General Insurance Fails to Improve
Aug 3 2018 // American International Group Inc on Thursday reported a 17 percent fall in quarterly profit as its general insurance business failed to show improvement, missing analysts’ expectations. AIG shares fell more than 5.5...
Hartford’s Q2 Results Reflect Big Commercial Lines Gain
Jul 27 2018 // The Hartford reported improved results for the second quarter compared to the same quarter last year, particularly in its commercial lines and group benefits businesses. Overall net income was $582 million in second...
International Underwriting Association Issues 2nd Brexit Contract Continuity Clause
Jul 27 2018 // A second Brexit contract continuity clause has been published by the International Underwriting Association (IUA). The association in June issued a policy clause to help companies manage insurance contracts as the UK...
MGA Sciemus Rebranded as Occam Underwriting, New CEO Appointed
Jul 26 2018 // Sciemus, a specialty managing general agency (MGA), is undertaking a series of changes starting with a new name, Occam Underwriting. “Taking its name from ‘Occam’s razor,’ the problem-solving...
U.S. Flood Models Still in Infancy, So Underwriters Must Be ‘Cautious Consumers’
Jul 24 2018 // The market for privately written inland flood insurance in the United States is growing rapidly, but flood modeling is still in its infancy. As a result, underwriters need to be aware of the differences that exist among...
Interest in Crypto Insurance Grows, Despite High Premiums, Broad Exclusions
Jul 23 2018 // In the staid and buttoned-up world of insurance underwriting, few want to talk about it. You won’t find many ads promoting it or details on company websites offering it. But according to industry insiders,...
Protective Insurance, AmWINS to Offer For-Hire Commercial Trucking Product
Jul 23 2018 // Protective Insurance Co., a property-casualty insurer specializing in trucking and workers’ compensation, has partnered with AmWINS Transportation Underwriters (ATU) to offer a program to support for-hire commercial...
Appalachian Underwriters Adds Stavrakos to Brokerage Division in Florida
Jul 23 2018 // Appalachian Underwriters, Inc. has added Peter Stavrakos to its brokerage office in Sarasota, Fla. He will be joining the Professional Liability team where he will focus on the coverage needs of both smaller and larger...
Missouri Employers Mutual’s Walleck Named to NCCI Underwriting Committee
Jul 19 2018 // Roger Walleck, vice president of Underwriting at Missouri Employers Mutual, has been elected to serve on the national underwriting committee for the workers’ compensation rate making organization, National Council on...
