Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
AIG’s Repositioning Affects Q2 Earnings; Underlying Underwriting Income Up 2%
Aug 1 2024 // The formal split of its life and retirement business Corebridge Financial resulted in a second quarter net loss of nearly $4 billion for American International Group (AIG). The deconsolidation and divestitures from last...
People Moves: JM Wilson Hires and Promotes Transportation Underwriting Team Members
Jul 31 2024 // Gina Deryas JM Wilson, headquartered in Portage, Michigan, hired Gina Deryas as a transportation renewal underwriter and Brian Bragg as a transportation underwriter. JM Wilson team member Joe Delaney was promoted to...
People Moves: Resilience Promotes Brady to Chief Underwriting Officer; Burns & Wilcox Names New Leaders in Southwest, Michigan
Jul 31 2024 // Brady Named Resilience Chief Underwriting Officer Killian Brady Resilience, headquartered in San Francisco, named Killian Brady as chief underwriting officer. Brady will oversee all aspects of the underwriting function for...
AM Best: Migration to Cat-Prone States Fuels Record HO Underwriting Losses in 2023
Jul 29 2024 // The U.S. homeowners insurance segment suffered a $15.2 billion underwriting loss in 2023, more than double the loss seen in the previous year and the line’s worst underwriting results since at least 2000, according...
How to Outperform: Don’t Outsource Underwriting to MGAs
Jul 26 2024 // Executives of two property/casualty insurance organizations—Kinsale Insurance and the U.S. P/C operations of Arch Capital—shared their recipes for success with an analyst who crowned their companies as performance...
People Moves: Encova Insurance Names Shaver SVP, Small Business, and Lowe VP, Package Lines Underwriting
Jul 24 2024 // Michelle Shaver Encova Insurance, headquartered in Columbus, Ohio, named Michelle Shaver as senior vice president, small business, commercial lines, and Carrie Lowe as vice president, package lines underwriting. Shaver...
Personal Auto Driving P/C Insurers to 2024 Underwriting Profit
Jul 23 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...
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...
