Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
P/C Insurers’ Underwriting Loss Worsened in First Half
Sep 19 2016 // Catastrophes, lower favorable loss reserve development and challenging market conditions continued to pressure U.S. property/casualty insurers through the first half of the year, leading to an underwriting loss of...
Low Prices Ultimately Could Bite London Market Insurers: A.M. Best, PwC Reports
Sep 19 2016 // The business outlook for the London insurance market is a familiar one across other global markets: underwriting profits are under pressure as ongoing soft market prices begin to take a toll. In separate reports on the...
How Kilkenny and Kimmel Have Grown K2 Insurance Services
Sep 19 2016 // Pat Kilkenny and Bob Kimmel put the K’s in K2 Insurance Services five years ago. That’s when they began using their combined 60 years of insurance experience to work buying up and developing businesses with the...
Future Workers’ Compensation Profitability Faces Obstacles
Sep 19 2016 // Workers’ compensation, the largest product segment in the U.S. commercial lines insurance sector, has experienced a recent profit renaissance, moving to a significant underwriting profit in 2015. However, long-term...
XL Catlin to Buy Australian Underwriting Agency Brooklyn
Sep 16 2016 // Specialist insurer XL Catlin has agreed to acquire Australia’s Brooklyn Underwriting from Paul Hines. Brooklyn is an underwriting agency in Australia and a Lloyd’s approved coverholder, that has been operating...
Towergate Creates London Underwriting Unit; Leathem Named Director
Sep 14 2016 // Insurance intermediary Towergate is forming a London underwriting centre to be led by David Leathem as London director of underwriting. The unit will focus on specialist London market product lines. Leathem will lead the...
Florida’s Olympus Insurance Promotes Burton to EVP of Underwriting, Business Development
Sep 14 2016 // Florida homeowners’ insurer Olympus Insurance Co., a leading Florida homeowners insurer, has promoted Bradley Burton to executive vice president of Underwriting and Business Development. In his new role, Burton will...
Hub International Acquires Canadian Agency, New Dimensions Underwriters
Sep 12 2016 // Global insurance broker Hub International Ltd. has acquired New Dimensions Underwriters Ltd. Based in Edmonton, Alberta, Canada, New Dimensions is a managing general agency. Russ Davis, the owner and president of New...
Chubb Promotes Keaney to International High Net Worth Underwriting VP
Sep 12 2016 // Chubb announced that Jamie Keaney, formerly European Personal Risk Services underwriting manager, has been promoted to the new role of vice president and chief underwriting officer for International Personal Risk Services,...
Liberty Mutual’s Agatep Named Underwriting Chief for XL Catlin’s New Accident, Health Business
Sep 12 2016 // Ronnell Agatep has joined XL Catlin’s global retail Accident & Health (A&H) insurance business as its global head of underwriting. Based in New York, Agatep assumes this newly-created role to drive product...
Chicago Underwriting Group Rebrands as Old Republic Professional Liability
Sep 7 2016 // Chicago Underwriting Group Inc., the professional liability underwriting division of Old Republic Insurance Co., is changing its name to Old Republic Professional Liability Inc. The company said the new name more clearly...
Zurich’s Goldberg Joins Starr as Chief Underwriting Officer for Financial Lines
Sep 7 2016 // Beth Goldberg has joined Starr Companies as chief underwriting officer, Financial Lines. She will be responsible for sales, underwriting, profitability and growth. Goldberg has 17 years of experience with international...
Trucking Through Cost, Talent, & Regulatory Roadblocks
Sep 6 2016 // It’s been a rough ride, full of twists, turns and a few roadblocks for truckers and their insurance specialists. Truckers today face a number of obstacles that have raised the cost of doing business, including tough...
How Kilkenny and Kimmel Have Grown K2 Insurance Services
Sep 1 2016 // Pat Kilkenny and Bob Kimmel put the K’s in K2 Insurance Services five years ago. That’s when they began using their combined 60 years of insurance experience to work buying up and developing businesses with the...
Sompo Canopius Launches U.S. Ocean Marine Unit; Hires XL Catlin’s Ellis to Head
Aug 31 2016 // Sompo Canopius AG is diving into the U.S. ocean marine business. The global specialty insurer and reinsurer, which is wholly-owned by Sompo Japan Nipponkoa Insurance Inc., calls this a “significant expansion”...
P/C Insurers Must Improve Underwriting Amid Competitive Pressures: Fitch
Aug 30 2016 // Property/casualty insurers in North America saw their operating income decline by double digits in the first half of 2016, as investment income plunged and catastrophe losses rose. Fitch Ratings looked at 44 insurers and...
‘Xuber for MGAs’ Platform Delivered for Castel Underwriting
Aug 26 2016 // Xuber, the insurance software business of Xchanging, a unit of CSC, announced the delivery of its “Xuber for MGAs” platform for London-based Castel Underwriting Agencies Ltd. Xuber for MGAs is a flexible...
New Day Underwriting Managers of New Jersey Hires Giquinto to Real Estate Group
Aug 25 2016 // New Day Underwriting Managers LLC, a Hamilton, N.J., based specialty intermediary of environmental and construction related professional liability insurance, has hired Cara Giquinto as a senior account manager in its real...
Low Prices Ultimately Could Bite London Market Insurers: A.M. Best, PwC Reports
Aug 24 2016 // The business outlook for the London insurance market is a familiar one across other global markets: underwriting profits are under pressure as ongoing soft market prices begin to take a toll. In separate reports on the...
Lloyd’s Insurer ArgoGlobal Grabs O’Gorman from CNA to Lead Marine Team
Aug 22 2016 // ArgoGlobal, the Lloyd’s insurer and member of Argo Group, announced the appointment of Steve O’Gorman as head of Marine, effective Aug. 22. He reports to Bruno Ritchie, director of underwriting and active...
