Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
MGU Carbon Underwriting Gets Initial Lloyd’s Approval to Launch New Syndicate
Jul 23 2024 // Carbon Underwriting Ltd., the London-based managing general underwriter and Lloyd’s syndicate CBN 4747, announced that Lloyd’s has granted in principle approval for the launch of Syndicate 5757, effective Jan....
Travelers Reverses Q2 Income Loss, Narrows Underwriting Loss
Jul 19 2024 // The Travelers Companies, Inc. reported second quarter net income of $534 million, compared to a loss of $14 million during the same time a year ago, thanks to record net premiums of about $11.1 billion. The New York-based...
People Moves: AIG Names Twiningdavis EVP, Chief Administrative Officer; Lopez joins CFC USA as Senior Executive Underwriter
Jul 16 2024 // AIG Names Twiningdavis Executive Vice President, Chief Administrative Officer Melissa Twiningdavis American International Group, Inc. (AIG), named Melissa Twiningdavis executive vice president and chief administrative...
US P/C Insurers Post Best Q1 Underwriting Result in 17 Years
Jul 15 2024 // Even though direct loss ratios for commercial auto and other liability lines rose in first-quarter 2024, across all lines U.S. property/casualty insurers posted a net combined ratio of 94 — the best since...
Origin Specialty Acquires Agribusiness Managing General Underwriter AIMS
Jul 12 2024 // Illinois-based specialty insurance broker Origin Specialty Underwriters Agency announced it has acquired Agricultural Insurance Management Services (AIMS), an agribusiness insurance-focused managing general underwriter...
People Moves: Incline P&C Group Appoints Galiardo as Chief Actuary/Chief Underwriting Officer and Urban as Chief Development Officer
Jul 10 2024 // Incline P&C Group, headquartered in Austin, Texas, appointed Scott Galiardo as chief actuary and chief underwriting officer for commercial and specialty lines and Tony Urban as the chief development officer. In this...
People Moves: Grant Joins MGA Devonshire as Underwriting Manager; Generali GC&C Makes 3 Key Appointments in Mediterranean and LatAm Region
Jul 8 2024 // This edition of International People Moves details appointments at the MGA Devonshire Underwriting and Generali Global Corporate & Commercial (GC&C), . A summary of these new hires follows here. Grant Joins MGA...
US P/C Underwriting Results: Two Years in a Row Over $20 Billion in the Red
Jul 3 2024 // For the second year in a row, the U.S. property/casualty industry booked an underwriting loss of more than $20 billion primarily due to the lackluster performance of personal auto and home insurance lines. The total U.S....
Fidelis Partnership Syndicate 3123 Begins Underwriting Business at Lloyd’s
Jul 1 2024 // The Fidelis Partnership and Fidelis Insurance Holdings Ltd. jointly announced that Syndicate 3123 has formally begun underwriting business at Lloyd’s. Syndicate 3123, also known as The Fidelis Partnership Syndicate,...
US P/C Insurers Post Best Q1 Underwriting Result In 17 Years
Jun 27 2024 // Even though direct loss ratios for commercial auto and other liability lines rose in first-quarter 2024, across all lines U.S. property/casualty insurers posted a net combined ratio of 94—the best since first-quarter...
Amwins Program Underwriters Forms New Carrier Relationship with Great American Insurance Group
Jun 20 2024 // CHARLOTTE, N.C. (June 3, 2024) – Amwins Program Underwriters (APU), part of Amwins’ Underwriting division, announced a new carrier relationship with Great American Insurance Group, whose lead insurer, Great...
Analysis: Underwriting Loss Estimates Highlight Ongoing Challenges for US P/C Industry
Jun 14 2024 // The U.S. property/casualty market sustained an estimated $21.1 billion in underwriting losses in 2023, highlighting the challenges the industry faces as a result of natural catastrophes and inflation. According to joint...
People Moves: Hamilton Insurance DAC Promotes Reynolds as CEO; Dale Underwriting Partners Names Bridge as Active Underwriter, Succeeding Peters
Jun 13 2024 // This edition of International People Moves details appointments at Hamilton Insurance DAC, the Irish subsidiary of Hamilton Insurance Group, and Dale Underwriting Partners in London. A summary of these new hires follows...
P/C Insurers Record $9.3 Billion Q1 Underwriting Gain: AM Best
Jun 12 2024 // The U.S. property/casualty industry recorded a $9.3 billion net underwriting gain in the first three months of 2024, according to a recently published AM Best report. The gain marks a reversal of an $8.5 billion loss...
People Moves: Ascot Underwriting Names Thompson as CEO, Keith Named Head of Ascot Bermuda; Geneva Assn. Appoints AIA’s Top Executive as Chair
Jun 7 2024 // This edition of International People Moves details appointments at Ascot Underwriting Ltd. and Ascot Bermuda, along with The Geneva Association. A summary of these new hires follows here. Ascot Group Ltd., the...
Gallagher’s Pen Underwriting Acquires Irish MGA Wrightway Underwriting Ltd.
Jun 5 2024 // Arthur J. Gallagher & Co., the Rolling Meadows, Illinois-based broker, announced that its specialist underwriting subsidiary Pen Underwriting has acquired Ireland’s Wrightway Underwriting Ltd. Terms of the...
NSM Acquires Reinsurance MGA Strategic Underwriters International
Jun 5 2024 // Global specialty insurance broker NSM Insurance Group has completed its acquisition of Strategic Underwriters International (SUI). Based in Doylestown, Pennsylvania, SUI is a managing general agent (MGA) in the casualty...
Specialist Risk Group to Launch Global Motorsport Underwriting Offering
May 29 2024 // Specialist Risk Group’s managing general agent, MX, announced it will soon launch a new specialist motorsport underwriting offering, MX Motorsport. MX Motorsport will underwrite all classes of motorsport business on...
How to Succeed in the Entertainment Insurance Business: Get creative producing with a small cast of underwriters and limited capacity.
May 20 2024 // Even during the post-pandemic boom in the entertainment industry, when event and live performance venue attendance reached pre-COVID-19 levels, insurance markets in the sector could be difficult. Now, the post-pandemic...
The History of the Professional Liability Underwriting Society: The Origin Story of Bringing the Best Together
May 20 2024 // The Professional Liability Underwriting Society (PLUS), as it exists today, does not have a written narrative or any acknowledgment on its website about how the organization was created, the timeline, the individuals...
