Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
How Advertising Spend, Underwriting Results Relate to Auto Insurers’ New Business Yield: J.D. Power
Jun 19 2017 // Insurers with the strongest new business yield rates also have strong combined ratios in personal auto in the J.D. Power 2017 U.S. Insurance Shopping Study. We define new business yield rates as the proportion of...
Orchid Underwriters Expands Commercial Lines into Alabama, Mississippi
Jun 19 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...
Medical Professional Insurance Market in Good Health for Now: A.M. Best
Jun 19 2017 // The U.S. medical professional liability (MPL) insurance sector is stable, with strong capitalization and profitable, albeit declining, operating performance, plus the prospect of positive earnings in the medium term,...
Easing Regulations, Speed of New Infrastructure Projects Raises Concerns for Underwriters
Jun 19 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...
Survey of Agents Reveals Underwriting Disconnect in Commercial Lines
Jun 19 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...
Insurers Adapt Terrorism Policies with Loss of Attraction, Violent Acts, Other Coverages
Jun 15 2017 // The changing nature of attacks in Western cities has led insurers to offer new policies, from straightforward cover for business lost due to police cordons to more risky compensation for declines in tourism. Terrorism...
In ‘Classic’ Soft Market Battle, Brokers and Carriers Attack Each Other
Jun 14 2017 // Chief executive officers of property/casualty insurance carriers and insurance brokers called each other out last week for engaging in activities they said are “classic signs of a soft market.” During a session...
Burand’s State of P/C Insurance Industry, Part 1: Agencies Facing Paradigm Shift
Jun 13 2017 // Editor’s Note: This is the first of two articles by Burand based on his most recent 50-page whitepaper, State of the P&C Insurance Industry 2017. The whitepaper is available from Insurance Journal’s...
Lloyd’s Coverholder, Arma Underwriting, Launches in Dubai with MENA Focus
Jun 12 2017 // Asta, the Lloyd’s third party managing agent and specialist MGA investor, announced that Dubai-based Arma Underwriting Ltd. has received full approval from all regulators and commenced operations last...
Goldberg Joins Ryan Specialty Group’s Sapphire Blue in Chicago
Jun 9 2017 // Ryan Specialty Group (RSG) announced that Debra Goldberg has joined RSG’s managing general underwriting company, Sapphire Blue, as chief underwriting officer. Goldberg is based at Sapphire Blue’s headquarters...
Settlement Deal Between California Commissioner and Applied Underwriters
Jun 8 2017 // California Insurance Commissioner Dave Jones announced today that the California Department of Insurance has reached a settlement agreement with Berkshire Hathaway subsidiaries to stop what he calls “bait and switch...
MarketScout Sells Workers’ Compensation Business to Specialty Program Group
Jun 7 2017 // Dallas-based insurance exchange MarketScout, which provides agents with access to specialty markets, has sold its workers’ compensation managing general agency business to Specialty Program Group. MarketScout said it...
Main Street America Promotes Gaynor to Chief Underwriting Officer
Jun 7 2017 // The Main Street America Group has promoted Dan Gaynor to senior vice president, chief underwriting officer. Gaynor, who has been the super-regional property/casualty insurance company’s vice president of commercial...
Inland Marine Underwriters Association Elects Leadership
Jun 5 2017 // The Inland Marine Underwriters Association (IMUA) has approved its 2017 slate of officers, with William Rosa, XL Catlin Re, being re-elected the association’s chair. Also re-elected were Richard Pye, QBE North...
P/C Industry Posts $4.7B Net Underwriting Loss in 2016
Jun 5 2017 // Private U.S. property/casualty insurers lost big in 2016, reporting a $4.7 billion net underwriting loss driven, in part, by higher catastrophe-related property losses, according to ISO and the Property Casualty Insurers...
tKg Wholesale Brokerage Taps Becotte as Senior Underwriter for Small Business in Southeast
Jun 2 2017 // Wanda Becotte will join tKg Wholesale Brokerage as senior underwriter, Small Business Division serving its Southeastern region. Becotte began her insurance career in 2002, working on the retail side for nine years. During...
Dale Underwriting Offers Contingency & Sports Personal Accident Cover; Syndicate Support Extended
Jun 1 2017 // Dale Underwriting Partners, managed by Lloyd’s third party managing agency Asta, announced the creation of a new contingency and sports personal accident business. The team will be led by Martin Lawson, who will be...
Mathies Joins Fidelis in Houston as Sr. Marine Underwriter
May 30 2017 // Fidelis Group Holdings LLC (FGH), with its subsidiary Continental Underwriters Ltd., hired Dennis Mathies as a senior marine underwriter based in Houston. Mathies will be responsible for expanding the group’s brown...
The Hartford Names Firstenberg P/C Insurance Chief Underwriting Officer
May 26 2017 // The Hartford has named David Firstenberg as chief underwriting officer for the company’s property/ casualty insurance businesses, replacing Mo Tooker, who was recently named head of The Hartford’s Middle Market...
P/C Insurance Industry Again Reports Underwriting Loss in Q1
May 25 2017 // The U.S. property/casualty industry posted a first-quarter 2017 net underwriting loss of $841.5 million, according to preliminary financial results, continuing the industry’s underwriting loss trend seen in 2016. The...
