Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Ed Announces Series of Appointments and One Departure
Feb 15 2017 // Ed, the London-based reinsurance, wholesale and specialty broker, has announced several appointments over the past few weeks in the areas of international property and casualty, marine and energy, finance, and...
AXIS Insurance Expands Cyber Team with Arklie and Tillett Appointments
Feb 9 2017 // AXIS Capital Holdings Ltd. announced that Neil Arklie has joined AXIS Insurance as vice president, Financial Lines, and lead underwriter for its London-based international cyber insurance unit. Arklie will lead a team of...
Greene & Associates Opens Office in Florida; Adds Fuchs to Underwriting Team
Feb 8 2017 // Underwriting manager and wholesale broker in Greene & Associates, based in East Aurora, N.Y., has opened its an office in Bradenton, Fla., and hired Don Fuchs to its underwriting team. Fuchs has more than 35 years of...
U.S. Risk Underwriters Names Berkley Program’s Carter as President
Feb 7 2017 // U.S. Risk, a global property/casualty wholesaler and managing general agency based in Dallas,, has named Wayne H. Carter, III as president of U.S. Risk Underwriters Inc., its programs group. Carter will assume senior level...
Appalachian Underwriters Makes McKee Comp Underwriter in Arizona
Feb 6 2017 // Appalachian Underwriters Inc. has added Melissa McKee as a workers’ compensation underwriter to its Scottsdale, Ariz. office. McKee will focus on the production of new workers’ comp business, with a primary...
CNA CEO Robusto ‘Back in the Game,’ Sees Room for Improvement in 2017
Feb 6 2017 // CNA reported fourth quarter and full year 2016 results, with its new CEO indicating that while there is a strong foundation at the insurer, the company has work to do in improving underwriting discipline and results and...
Philadelphia Insurance Promotes Decker to SVP of Underwriting
Feb 6 2017 // Philadelphia Insurance Companies has promoted James Decker from vice president to senior vice president of Underwriting. Decker will continue to oversee the Sports, Recreation, and Public Service Underwriting divisions in...
Beazley Buys Canadian Specialty MGA, Creechurch Underwriters
Feb 6 2017 // Beazley is expanding its presence in Canada with the acquisition of the specialist managing general agent, Creechurch Underwriters. The financial terms of the transaction were not disclosed. Since its founding in 1996,...
People
Feb 6 2017 // International insurance brokerage and risk management services firm Arthur J. Gallagher & Co., based in Itasca, Ill., has promoted James W. Durkin Jr. and William F. Ziebell in its employee benefit division. Durkin,...
Ascot Taps Hiscox Healthcare Specialists, Thompson, Williamson & Keith
Feb 3 2017 // Ascot Underwriting Ltd. announced that Ian Thompson, Nick Williamson, and Justin Keith will be joining Ascot on March 1 to underwrite healthcare, casualty treaty, and specialty reinsurance business, based in Ascot’s...
Strong Chubb 2016 Results Reflect Benefits of Merger: Greenberg
Feb 2 2017 // Chubb Limited CEO and Chairman Evan G Greenberg said that the company’s 2016 financial results have reflected the benefits of the nearly $30 billion ACE/Chubb merger that created today’s Chubb about one year...
PPIB in California Promotes Rogers and Le to Underwriter Posts
Feb 1 2017 // Professional Program Insurance Brokerage of Novato, Calif. has promoted Joanna Rogers and Khanh Le to the position of underwriter. Rogers has been with PPIB for three years learning underwriting and serving as executive...
A.M. Best Upwardly Revises Outlooks for Employers and Subsidiaries in Nevada
Jan 31 2017 // A.M. Best has revised the outlooks to stable from negative and affirmed, the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” of Employers Insurance Group Employers...
P/C Insurers Enroute to Posting Underwriting Loss for 2016: A.M. Best
Jan 30 2017 // The U.S. property/casualty industry will likely post a small underwriting loss for 2016 after three previous years of underwriting profits, A.M. Best said in a new report. A.M. Best’s report appears in line with a...
RSGUM Acquires Interstate Insurance Management in Pennsylvania
Jan 30 2017 // RSG Underwriting Managers (RSGUM) has agreed to acquire the total assets and operations of Interstate Insurance Management Inc. (Interstate). Interstate was represented in the transaction by Marsh, Berry & Company Inc....
J.M. Wilson Adds Bolinger as Transportation Underwriter in South Carolina
Jan 30 2017 // J.M. Wilson has added Adam Bolinger to its North Charleston, S.C. office. As a transportation underwriter, Bolinger is responsible for quoting new and renewal transportation risks, and serving independent insurance agents...
Beazley Adds Life Sciences Underwriter Amis in California
Jan 27 2017 // Beazley has hired life sciences underwriter Marc Amis in its San Francisco, Calif. office. Amis comes from Chubb, where he was a senior life sciences underwriter for the Western region. He was previously a regional...
P/C Insurers Fell to $1.7 Billion Underwriting Loss in First 9 Months of 2016
Jan 25 2017 // For private U.S. property/casualty insurers, the first nine months of 2016 were markedly worse than the same period in 2015, due to higher catastrophe losses and less favorable reserve development. The period produced a...
W.R. Berkley Suspends Marine Underwriting in London: Sources
Jan 25 2017 // W.R. Berkley has put under review and is suspending underwriting for its London marine book until it can determine the direction of this business going forward, Insurance Journal can reveal. W/R/B Underwriting, the...
Internet of Things and More Tech Risks in 2017
Jan 23 2017 // Insurers and customers alike are increasingly embracing the Internet of Things (IoT) for underwriting purposes and general, daily life. The thing is, greater reliance on this type of technology could create problems that...
