Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Venture Capital Firm, Beat Capital, to Merge with Insurer Investment Vehicle Paraline UK
Aug 23 2018 // Venture capital firm Beat Capital Partners and insurance investment vehicle Paraline UK announced they plan to merge – in a move that is designed “to enhance and further build Beat’s platform to support...
QBE’s Restructuring Gains Traction with Its Focus on Profitable Underwriting
Aug 22 2018 // QBE’s restructuring over the last year has focused on exiting loss-making businesses and portfolios, while rigorously emphasizing profitable underwriting across the group. Good progress has been made — as...
People
Aug 20 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...
People
Aug 20 2018 // EPIC Insurance Brokers & Consultants, a retail property and casualty and employee benefits insurance brokerage and consulting firm, has announced that Lou D’Agostino and his Iron Cove Partners team have joined...
York Named Chief Underwriting Officer at CM Vantage
Aug 17 2018 // Michael York II has been named chief underwriting officer for Madison, Wisconsin-based CM Vantage Specialty Insurance Co., reporting to President Alan Ogilvie. York will oversee CM Vantage’s underwriting operations...
Allianz Global Corporate Adds Setzer, Johnson to Aviation Underwriting Team
Aug 16 2018 // Allianz Global Corporate & Specialty (AGCS) has hired Scott Setzer as an executive underwriter for Aviation, and Adam Johnson as an Aviation underwriter. Setzer will be based in Alpharetta, Georgia and Johnson in...
Randall & Quilter Signs Program Underwriting Partnerships with 3 European MGAs
Aug 16 2018 // Randall & Quilter Investment Holdings Ltd. announced that its wholly owned European subsidiary R&Q Insurance (Malta) Ltd. has signed three new program underwriting partnerships – or fronting arrangements – with...
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...
