Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
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...
Connecticut’s CMIC Hires Cronin as Director of Underwriting
Jul 17 2018 // CMIC, a Glastonbury, Conn.-based, member-owned medical professional liability insurance company, has hired Garrett P. Cronin to the CMIC Group team as the director of underwriting. Prior to joining CMIC, Cronin worked for...
Industry Needs to ‘Question and Call Out’ Rogue MGAs, Says Chilton of Gallagher
Jul 17 2018 // While there’s a bright future for managing general agents that “get it right,” Grahame Chilton, CEO of Gallagher UK, warns against tolerating the few rogue MGAs who could ruin the reputation of the entire...
J.M. Wilson Adds Silverman as Assistant Transportation Underwriter in South Carolina
Jul 17 2018 // J.M. Wilson has added Cassandra Silverman as assistant transportation underwriter to its North Charleston, S.C., office. Silverman is responsible for quoting new and renewal business, corresponding with carrier...
J.M. Wilson Taps Francis, Gibbons and Hassan in Midwest
Jul 16 2018 // J.M. Wilson has named Steve Francis as assistant transportation underwriter in the Arlington Heights, Ill. office. The firm has also named Ryan Gibbons a transportation underwriter in the Westerville, Ohio office, and...
The MEMIC Group Promotes Pitts to Associate Underwriter in New Hampshire
Jul 13 2018 // To support continued growth within the New Hampshire market, Portland, Maine-headquartered workers’ compensation specialist The MEMIC Group has promoted Douglass Pitts to associate underwriter. Before joining The...
Lloyd’s Launches Digital Distribution Platform Called ‘Lloyd’s Bridge’
Jul 11 2018 // Lloyd’s, the specialist insurance and reinsurance market, has launched a digital distribution platform – Lloyd’s Bridge – designed to quickly, easily and efficiently connect insurance businesses and...
AF Group Drives into Commercial Auto with Fundamental Underwriters
Jul 11 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...
Venture Underwriters Opens Chicago Office, Expands Underwriting Team
Jul 10 2018 // Venture Underwriters Inc. (VUI) has opened a new office in Chicago, Illinois, and hired Janet Stoller as vice president to oversee the new branch location. Stoller brings more than 35 years of underwriting experience. She...
People
Jul 2 2018 // Trinity Underwriting Managers (TUMI), a division of Worldwide Facilities, has added Bill Acevedo as claims manager and Nick Blankenship as broker. The two will be based in its offices in Savannah, Ga. Acevedo, a former...
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...
