Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Chubb Net Income Up 79% in Q2; P/C Combined Ratio at 88
Jul 26 2017 // Chubb Limited reported net income for the second quarter ended June 30 of $1,305 million compared with $726 million for the same quarter last year‚ a 79 percent increase. Operating income was $1,180 million compared with...
U.S. Risk Announces Acquisition of Strategic Insurance Underwriters
Jul 26 2017 // Dallas, TX, July 26, 2017—U.S. Risk Insurance Group, LLC, the nation’s fifth largest Property and Casualty wholesaler, announced today that it has acquired Strategic Insurance Underwriters, a specialist Trucking...
Texas Seeks Applicants for Medical Liability Insurance Underwriting Board
Jul 25 2017 // The Texas Department of Insurance is accepting applications through August 31 for the public member positions on the Texas Medical Liability Insurance Underwriting Association Board of Directors. The appointment is for one...
Meadowbrook Promotes Browning to Chief Underwriting Officer
Jul 25 2017 // Meadowbrook Insurance Group Inc. has promoted Fred Browning to chief underwriting officer. Browning, who most recently served as senior vice president of Admitted Carrier Operations, will now lead Meadowbrook’s...
Sign of the Times – Brokers vs. Carriers on a Classic Soft Market
Jul 24 2017 // Brokers vs. Carriers on a Classic Soft Market Chief executive officers of property/casualty insurance brokers and P/C insurance carriers called each other out in June for engaging in activities they said were...
Orchid Underwriters Expands Commercial Lines into Alabama, Mississippi
Jul 24 2017 // Orchid Underwriters Agency, LLC, a specialty underwriter of catastrophic coastal insurance, announced that it expanded its Commercial Lines business to two new states: Alabama and Mississippi. The two new states join New...
London Underwriters, Trigon to Offer Low-Value Homeowners Program in Alabama
Jul 24 2017 // London Underwriters LLC, a national MGA and surplus lines broker, has partnered with Birmingham based wholesaler Trigon Inc., to provide a new and exclusive low-value homeowners program for the state of Alabama. The...
‘Specialize and Diversify,’ Industry Veteran Markel Tells Super Regional Insurers
Jul 21 2017 // Insurance is a very simple business. “You take in some money, you spend some money and you lose some money, and God willing, you have some left at the end of the day,” according to Anthony (Tony) Markel, vice...
Castel Specialty Launches Global Construction Business
Jul 21 2017 // Castel Specialty, a division of Castel Underwriting Agencies Ltd., has expanded its portfolio with the launch of Castel Construction. London-based Castel Underwriting Agencies, part of Barbican Insurance Group, is a...
Travelers Says It’s ‘Where It Needs to Be’ to Compete; Q2 Results Dampened by Weather
Jul 20 2017 // Small business insurance leader Travelers Companies is well-positioned to continue to compete in the small commercial insurance space that is attracting new entries including technology-driven start-ups, according to CEO...
Ironshore Taps Berkley Re Property Treaty Execs for Pembroke’s Patria Re Portfolio
Jul 18 2017 // Ironshore International’s Pembroke Managing Agency Ltd. has appointed two treaty property leaders to join the Patria Re underwriting team. Nicolas Benardout has been appointed divisional director while Jack Bunting...
Insurance Underwriters See Risks, Opportunities in Speeding Up Infrastructure Projects
Jul 14 2017 // “We’re going to cut a lot of red tape,” President Trump said at a CEO town hall meeting as he unrolled a long, colorful flow chart showing the process required for a state government to obtain the federal...
Tokio Millennium Re Names Ex-Lloyd’s Exec, Secrett, as Chief Underwriting Officer
Jul 14 2017 // Zurich-based Tokio Millennium Re AG (TMR) has appointed Brian Secrett as chief underwriting officer (CUO) and member of the executive committee, with effect from Oct. 1, 2017 and subject to regulatory approvals. As the new...
Chubb Appoints Bertossi as VP, Global Underwriting, Succeeding Bonneau
Jul 13 2017 // Chubb Ltd. announced it has named Ross Bertossi vice president of Global Underwriting for Chubb Group. He succeeds Jacques Bonneau who announced his retirement. Bertossi will have responsibility for advancing underwriting...
Agents Seek Better Grasp of Carriers’ Commercial Lines Underwriting Likes
Jul 12 2017 // Independent agents want to talk about underwriting, and they’re urging their carriers to listen. Preliminary results from the 2017 Channel Harvest Research survey indicate agents want to see companies put greater...
RSG Forms LatAm-Focused MGU, Capital Bay Underwriting; Ex-AIG Execs Lead Unit
Jul 11 2017 // Ryan Specialty Group (RSG) announced the formation of its first Latin American-focused managing general underwriter (MGU), hiring two former executives from American International Group to lead the unit. Pascal Alvarez has...
Neon Names Novae’s Watson as Underwriter in Professional Indemnity Team
Jul 10 2017 // Neon announced it has appointed of Matthew Watson as an underwriter in its professional indemnity team. Watson is based in London and reports to Antonio Bellanca, head of Professional Indemnity at Neon. He joins from Novae...
Linhart Joins J.M. Wilson as Transportation Underwriter
Jul 10 2017 // Managing general agency and surplus lines insurance broker, J.M. Wilson, has hired Joni Linhart as transportation underwriter in their Carmel, Indiana, office. Linhart is responsible for quoting new and renewal...
State of P/C Insurance Industry, Part 1: The Fate of ‘Hard Market’ Agencies (and Companies)
Jul 10 2017 // Property/casualty (P/C) insurance and group benefits industry is changing faster than ever. Many factors are the parents of such change. In part one of this two part series, I will focus on the more traditional aspects and...
People
Jul 10 2017 // The Main Street America Group has promoted Dan Gaynor to senior vice president and chief underwriting officer. Gaynor, who has been the super-regional property/casualty insurance company’s vice president of...
