Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Berkshire’s 14-Year Insurance Win Streak Comes to an End
Feb 26 2018 // Warren Buffett’s Berkshire Hathaway’s combination of insurance entities have recorded 14 consecutive years of underwriting profit worth more than $28 billion. The Oracle from Omaha has repeatedly warned his...
HDI Adds to U.S. Engineering, Construction Divisions
Feb 22 2018 // HDI Global SE has appointed John Schossler has been appointed assistant vice president, Casualty Construction manager, based in Chicago. Schossler will lead all efforts in the development of this segment by cultivating...
Ryan Specialty Group to Acquire New Jersey’s New Day Underwriting Managers
Feb 22 2018 // Ryan Specialty Group LLC (RSG) has reached a definitive agreement to acquire the assets and operations of New Day Underwriting Managers LLC (New Day), a specialty intermediary with offices in Hamilton, N.J. New Day will...
Rubel Joins Myron Steves as Chief Underwriting Officer, Commercial Lines
Feb 21 2018 // Houston, Texas-based managing general agent and insurance wholesaler, Myron F. Steves and Co., has added Greg Rubel as chief underwriting officer, commercial lines. Rubel will lead the Texas-based company’s...
Everest Specialty Expands Private Company Financial Lines Team
Feb 21 2018 // Everest Insurance has expanded the financial lines division of Everest Specialty Underwriters (ESU ), naming five professionals to its new Private Company/Not-For-Profit unit. The Private/NFP team is targeting small,...
Atlas General Insurance Services Expands Property Capabilities with Increased Limits and Capacity
Feb 21 2018 // San Diego, CA, February 21, 2018 – Atlas General Insurance Services, LLC (‘Atlas’), a national multi-line program administrator, announced today the continued expansion of their Property capabilities with...
Hamilton at Lloyd’s Reorganizes Underwriting Team
Feb 20 2018 // Hamilton Underwriting Ltd., the managing agency of Syndicate 3334 and the Lloyd’s operations of Bermuda-based Hamilton Insurance Group, announced the details of a reorganization of its underwriting team. Pending...
People
Feb 19 2018 // The Alabama Department of Insurance has announced Jerry Workman as Deputy Commissioner. Workman will succeed Deputy Commissioner and Chief Actuary Charles Angell, who is retiring in July of 2018. He will lead the...
Aspen Ceases Underwriting Property Insurance from Bermuda Platform
Feb 16 2018 // Aspen Insurance Holdings confirmed on Friday, Feb. 16 that it has ceased underwriting property insurance on its Bermuda platform, effective immediately, as a result of the company’s 2017 catastrophe losses. The move...
SafeWaters Forms Agreement with Aspen Insurance to Expand Ocean Marine Coverage
Feb 15 2018 // SafeWaters Underwriting Managers has a new delegated authority underwriting agreement to provide the U.S. and Latin American markets with expanded ocean marine insurance products backed by Aspen Insurance, the insurance...
Appalachian Underwriters Adds Workers’ Comp Underwriter Cohn in Florida
Feb 15 2018 // Appalachian Underwriters, Inc. is has hired workers’ compensation underwriter Alon Cohn to its Sanford, Fla., office. Cohn will focus on the production of new workers’ compensation business in the Southeast...
XL Catlin Promotes Powell to Chief Underwriting Officer for International Financial Lines
Feb 13 2018 // XL Catlin’s insurance operations announced that Tim Powell has been promoted to chief underwriting officer for international financial lines (IFL), effective March 1. Powell will be responsible for the underwriting...
Nexus Acquires D&O and Financial Institutions MGA Apsley Specialty
Feb 13 2018 // Independent specialty managing general agent Nexus Group announced it has completed the acquisition of Apsley Specialty Ltd., a registered Lloyd’s coverholder. Financial details of the transaction were not...
A.M. Best Calculates P/C Insurers’ Underwriting Loss for 2017
Feb 7 2018 // Rating agency A.M. Best expects the U.S. property/casualty insurance industry to post a second consecutive underwriting loss in 2017, driven mainly by catastrophe losses. The expected net underwriting loss for 2017 of...
Appalachian Underwriters Taps Mambuca as Central, Northern Florida Marketing Rep
Feb 7 2018 // Appalachian Underwriters, Inc. has hired Marketing Representative Vianka Mambuca to its Sanford Florida office. She will focus on agent relationships in Central and Northern Florida counties. According to Carrie Bay,...
Missouri’s Safety National Casualty Announces Management Changes
Feb 6 2018 // St. Louis, Missouri-based Safety National Casualty Corp. is implementing changes to its executive and upper management structure that will become effective on April 1, 2018. Gene Maier, executive vice president and chief...
People
Feb 5 2018 // Boca Raton, Fla.-based Universal Insurance Services, LLC, a subsidiary of Vanbridge, LLC, has added Jamie Lorentz to the firm as an analyst for Corporate and Institutional Insurance. Lorentz joins Universal from...
People
Feb 5 2018 // Texas Security General Insurance Agency LLC (TSGA) in San Antonio, Texas, added David A. Winkley as vice president of Commercial Lines. A former business owner, Winkley has industry experience in retail production,...
Still an Uphill Climb for Commercial Auto Market
Feb 5 2018 // The difficult job of moving commercial auto insurance to a profitable place has not gotten any easier. More vehicles on the road thanks to a rebounding economy, more miles driven, distracted drivers and...
People
Feb 5 2018 // David Kramer and Theodore Nittis have launched Gemini Risk Partners as an independent professional liability insurance brokerage in Bloomfield Hills, Michigan. The firm will focus on serving law firms, as it did when it...
