Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
People Moves: Melvin Names CEO of BMS Re US; Rawal Joins AXA XL as CUO Middle Market, Canada; QBE Canada Hires Fenn as Multinational Underwriting Manager
Sep 10 2024 // Melvin Appointed President and CEO, BMS Re, US Brad Melvin BMS Re, the specialty reinsurance arm of global broker BMS Group headquartered in New York City, appointed Brad Melvin president and chief executive officer, BMS...
Real-Time Rating and Quoting: A Game Changer for Underwriters
Sep 9 2024 // This post is part of a series sponsored by Selectsys. In the fast-paced insurance industry, efficiency and accuracy are paramount. Real-time rating and quoting have emerged as game changers for underwriters, enabling them...
Lloyd’s Reports Best H1 Underwriting Profit Since 2007, With 83.7 Combined Ratio
Sep 5 2024 // The Lloyd’s insurance and reinsurance market reported overall profit before tax of £4.9 billion (US$6.4 billion), a 25.6% increase from the £3.9 billion (US$5.1 billion) reported during H1 2023. The combined ratio,...
Underwriters Wary of PFAS Amid ‘Superstorm’ of Litigation, Regulation
Sep 5 2024 // As litigation and regulation increase around per- and polyfluoroalkyl substances (PFAS), insurance underwriting is tightening across lines. Insurance professionals who specialize in PFAS say insurers are mandating coverage...
People Moves: CRC Group Adds Broker, Underwriter in Georgia, Tennessee
Sep 4 2024 // CRC Group, a wholesale specialty insurance distributor with headquarters in Birmingham, Alabama, has added new faces to its team in the Southeast. Rector Sam Rector joined the Nashville office as a broker. He has spent...
Clear Group Acquires UK MGA Accelerate Underwriting
Sep 4 2024 // The Clear Group, the London-based independent insurance broker, announced the acquisition of the managing general agency, Accelerate Underwriting. Financial terms of the deal, which is its fourth involving an MGA, were not...
Ryan Specialty Agrees to Buy Certain Assets of Ardonagh’s Geo Underwriting Europe
Sep 3 2024 // Ryan Specialty, the Chicago-based international specialty insurance firm, announced it has signed a definitive agreement to acquire certain assets of the European managing general agent Geo Underwriting Europe BV (Geo...
People Moves: Cooley Joins Graham Rogers Insurance as Transportation New Business Underwriter
Aug 29 2024 // Paula Cooley joined Graham-Rogers Insurance, headquartered in Bartlesville, Oklahoma, as a transportation new business underwriter. Cooley will focus on garage and transportation commercial auto. She has over 40 years of...
US P/C Insurance Industry Posts First H1 Underwriting Profit Since 2021
Aug 29 2024 // The U.S. property/casualty insurance industry recorded a net underwriting gain of $3.7 billion and net income of $94.6 billion for the first-half of 2024, according to a new report. “After years of consistent losses,...
AM Best: Migration to Cat-Prone States Fuels Record HO Underwriting Losses in 2023
Aug 19 2024 // The U.S. homeowners insurance segment suffered a $15.2 billion underwriting loss in 2023, more than double the loss in the previous year and the line’s worst underwriting results since at least 2000, according to a...
Personal Auto Driving P/C Insurers to 2024 Underwriting Profit
Aug 19 2024 // S&P Global Market Intelligence is forecasting a combined ratio of 99.2 for the U.S. P/C insurance industry overall in 2024, signifying a return to underwriting profitability for the first time since 2021. According to...
People Moves: Skyward Specialty Hires Four Regional VPs and Two Underwriters
Aug 16 2024 // Skyward Specialty Insurance Group, Inc., headquartered in Houston, named four new regional vice presidents and two new underwriters. Skyward Specialty named Gregg Callahan regional vice president in its northeast region in...
People Moves: Markel Taps QBE’s Smith to Lead Marine & Energy Liability Team, Int’l Specialty; QBE Promotes Lascelles as Dir. of Underwriting, Marine and British Marine
Aug 15 2024 // This edition of International People Moves details appointments at the insurers Markel and QBE. A summary of these new hires follows here. Markel Taps QBE’s Smith to Lead Marine & Energy Liability Team,...
People Moves: Zurich Promotes Nolan to Head of Surety in US; Zink Joins Everest to Lead Specialty Underwriters
Aug 15 2024 // Zurich Promotes Nolan to Head of Surety in US Zurich North America, headquartered in Schaumburg, Illinois, has promoted Chris Nolan to head of surety in U.S. national accounts. Nolan, who is based in New Jersey, succeeds...
Tech Update: Hiscox Launches GenAI-Powered Lead Underwriting Platform
Aug 13 2024 // Hiscox, the global specialist insurer, has launched the London insurance market’s first lead underwriting platform enhanced by generative AI, aiming to provide sabotage and terrorism insurance quotes to customers...
Become an Attractive Risk for Underwriters
Aug 12 2024 // This post is part of a series sponsored by TSIB. Insurance Carriers are reducing their appetite for risk and increasing premiums. This means they are being much more selective in what they are willing to insure. If they...
People Moves: XPT Specialty Appoints Myers Transportation Underwriter; Falvey Founder Will Transition to Executive Chairman
Aug 8 2024 // Tyler Myers XPT Specialty, headquartered in New Haven, Connecticut, appointed Tyler Myers as transportation underwriter. Myers has over 10 years of experience as a broker specializing in underwriting commercial automobile...
Innovating Insurance Distribution: The Role of Managing General Agents, Managing General Underwriters and Program Administrators
Aug 7 2024 // This post is part of a series sponsored by Dyad. In the insurance industry, managing general agents (MGAs), managing general underwriters (MGUs), and program administrators (PAs) fill a critical role in facilitating the...
People Moves: JM Wilson Adds and Promotes Transportation Underwriting Team Members
Aug 1 2024 // JM Wilson, headquartered in Portage, Michigan, added new members to its transportation underwriting team. Olga Jaquet Olga Jaquet was promoted to senior transportation underwriter, responsible for underwriting new and...
Ardonagh’s Geo Underwriting to Buy Navigators & General From Zurich UK
Aug 1 2024 // Geo Underwriting, the managing general agency and subsidiary of Ardonagh Advisory, announced it will acquire Navigators & General (N&G) from Zurich UK. Financial details of the deal were not disclosed. Founded in...
