Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Worldwide Facilities Acquires Trinity Underwriting Managers of Georgia
Dec 6 2016 // Worldwide Facilities, a national wholesale insurance brokerage and managing general agency, has acquired Trinity Underwriting Managers, Inc. (TUMI), an underwriting manager and wholesale insurance broker specializing in...
Talbot Underwriting Beefs Up Cyber Offering, Hiring ANV’s Mayes & Anderson
Dec 5 2016 // Talbot Underwriting Ltd., a wholly owned subsidiary of Validus Holdings Ltd., has appointed a dedicated team of cyber underwriters. Phil Mayes joins the team as senior class underwriter, and Gillian Anderson joins the team...
Krefta Named CEO of Hiscox Re and ILS, Succeeding Pinchin
Dec 2 2016 // Specialist global insurer Hiscox announced that Michael Krefta has been appointed CEO of Hiscox Re and ILS, and CEO of Hiscox Bermuda, effective Aug. 1, 2017. He will succeed Jeremy Pinchin who, after five years in...
Hamilton Underwriting at Lloyd’s to Hike 2017 GWP to £122.5M ($152.9M)
Dec 1 2016 // Hamilton Underwriting Ltd., the Lloyd’s platform of Bermuda-based Hamilton Insurance Group, announced that the managing agency has received approval from Lloyd’s to increase its gross written premium for...
People
Nov 21 2016 // Former long-time Chubb executive Dino E. Robusto assumes the roles of CNA chairman and chief executive officer on Nov. 21, succeeding Thomas F. Motamed, who is retiring after eight years in those positions. The succession...
Sharing Economy Requires More Sharing Between Underwriting, Claims
Nov 16 2016 // The sharing economy poses new challenges for insurers including new exposures from technology and a need for better communication between claims and underwriting. That’s according to members of the International...
UK MGA Nexus Underwriting Forms Claims Company Called ‘Nexus Claims’
Nov 16 2016 // Nexus Underwriting, the London-based independent specialty managing general agent (MGA), has formed a claims company, trading as Nexus Claims. Being run independently from the underwriting companies, Nexus Claims offers...
Zurich’s Re-Underwriting Program Begins to Bear Fruit – in Its Financials
Nov 16 2016 // Zurich Insurance Group’s re-underwriting program is starting to bear fruit – as evidenced by the company’s improved third-quarter results – but Group CFO George Quinn readily admits there is still work to...
RSA Restructures UK Commercial Lines Operation; Names CUO for UK & Int’l
Nov 16 2016 // London-based RSA has announced changes to its commercial lines operation with the creation of two new divisions, as well as the appointment of a chief underwriting officer for the UK & International region. Effective...
Talbot Underwriting Australia Taps Former Catlin Exec Case as Managing Director
Nov 11 2016 // Talbot Underwriting Ltd., a wholly owned subsidiary of Validus Holdings Ltd., has appointed Andrew Case as managing director of Talbot Underwriting Australia. During his 30 years of experience in the insurance industry,...
XL Catlin Appoints Luck as President of Global Excess Casualty Business
Nov 10 2016 // XL Catlin has appointed Barbara Luck as president of its Global Excess Casualty business, promoted from her current role as chief underwriting officer of XL Catlin’s Global Risk Management business. Assuming her new...
Berkshire Hathaway Re/Insurance Profit Falls 30% in Q3
Nov 7 2016 // Berkshire Hathaway reported a 10.5 percent drop in operating profit for its insurance and reinsurance operations during the third quarter, with underwriting income falling 34 percent. While General Re reported an increase...
Bains to Step Down as CEO of DUAL; Firm to Be Led by Regional Mgmt Board
Nov 7 2016 // Hyperion Insurance Group, the London-based insurance intermediary group, announced that Talbir Bains, CEO and CUO of DUAL Group, the underwriting arm of Hyperion, has decided to step down from his role at the end of...
Talbot Underwriting Launches $50M Consortium to Cover NBCR Terrorism
Nov 4 2016 // Talbot Underwriting Ltd., a wholly owned subsidiary of Validus Holdings Ltd., announced the launch of a Lloyd’s led consortium for nuclear, biological, chemical and radiological (NBCR) terrorism. The facility will...
Applicants Sought for Texas Medical Liability Insurance Underwriting Assoc. Board
Nov 3 2016 // The Texas Department of Insurance is accepting applications through November 30 for a public member position on the Texas Medical Liability Insurance Underwriting Association board of directors. The appointment term is for...
CNA Q3 Results Highlighted by ‘Steady Underwriting’
Nov 1 2016 // CNA Financial Corp. reported third quarter 2016 net income of $343 million and net operating income of $311 million. The combined ratio for Property & Casualty Operations for the third quarter was 90.4. Property &...
Tokio Marine America, Continental Underwriters to Offer Hull, Marine Liability
Oct 31 2016 // Tokio Marine America (TMA), a commercial property and casualty insurer to large and middle-market companies and a subsidiary of Tokio Marine Holdings, is expanding its ocean marine offering to include hull and liability...
Experienced Underwriter Mark Hart Joins Breckenridge Insurance Services as Senior Vice President
Oct 31 2016 // Atlanta, GA, October 31, 2016 — Mark Hart has joined the wholesale brokerage firm Breckenridge Insurance Services as a senior vice president within its Elevation Authorities contract binding division. Hart brings twenty...
Florida-Based Fortegra Taps Rattner as EVP, Chief Underwriter
Oct 28 2016 // Fortegra, a specialty insurer based in Jacksonville, Fla., and a subsidiary of Tiptree Financial Inc., has appointed Mark Rattner as executive vice president, chief underwriter, and head of product management. In this...
CNA Promotes Walsh, Lovvorn in Underwriting Unit
Oct 24 2016 // Chicago-based insurer CNA has promoted Kelly Walsh to vice president, Branch Services and Lindsay Lovvorn to vice president, Product and Process Systems. Both Walsh and Lovvorn will report to Barb Sandelands, senior vice...
