Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Talbot Forms $115M Political Risk Insurance Binder for U.S. Clients
Aug 10 2016 // Talbot Underwriting Services Ltd., a wholly owned subsidiary of Validus Holdings, Ltd. has launched political risk insurance binding authority from its New York office, underwritten 100 percent by various underwriters at...
The Future of Insurance Belongs to Intermediaries
Aug 8 2016 // Great efforts have been made recently to disintermediate the insurance process. One prevalent example of this is by routing insureds directly to the carrier, bypassing the independent agency distribution channel. More and...
Guarantee Co. of North America Names Barclay as Chief Underwriting Officer, P/C
Aug 4 2016 // Toronto-based The Guarantee Company of North America announced that Donna Barclay has been appointed as chief underwriting officer, property/casualty, effective July 25, 2016. Barclay is responsible for ensuring the...
PPIB in California Names Etter Vice President of Underwriting
Aug 3 2016 // Professional Program Insurance Brokerage of Novato Calif. has named Susan Etter vice president of underwriting. Etter has been with PPIB for six years managing the underwriting and sales staff. Etter will continue to...
Lower Costs, Improved Underwriting Boost AIG Profit in Q2
Aug 3 2016 // American International Group Inc., the largest commercial insurer in the United States and Canada, reported an operating profit that beat analysts’ estimate, driven by lower costs and strong underwriting during the...
Sciemus’ Move into Specialty Underwriting: A Case of ‘Adapt and Thrive’
Aug 3 2016 // It was a case of adapt and thrive when modeling and analytics company Sciemus made a big strategic leap this year into underwriting space, power, mining, renewable energy and cyber—as a managing general agent. Despite...
CNA Reports Q2 Results with Improved P/C Underwriting
Aug 2 2016 // CNA Financial Corp. reported second quarter 2016 net income of $209 million and net operating income of $201 million. “Overall I am pleased with the result this quarter. Although our International segment had a...
Hartford Net Income Down 48% in Q2 on Weakened Underwriting Results, Investment Income
Jul 29 2016 // The Hartford reported net income of $216 million in second quarter 2016 ended June 30, a decrease of $197 million or 48 percent from second quarter 2015, principally due to lower property/casualty underwriting results and...
A.M. Best Withdraws Ratings of Century Casualty Company in Georgia
Jul 28 2016 // A.M. Best has affirmed the financial strength rating (FSR) of B (Fair) and the issuer credit rating (ICR) of “bb+” of Century Casualty Company in Alpharetta, Ga. The outlook for the FSR remains stable, while...
P/C Insurers Face Tough Sledding in 2016, Warns S&P
Jul 26 2016 // This year could be a tough one for U.S. property/casualty insurers as catastrophe losses, private passenger insurance woes and declining bond yields erode underwriting results and profitability, according to a report by...
Pen Underwriting Names Scott as Head of Cyber Liability, Driving Cyber Growth
Jul 26 2016 // Pen Underwriting announced that Adrian Scott has been appointed to the newly created role of head of Cyber Liability. Scott takes responsibility for enhancing Pen Underwriting’s capabilities in cyber risk management...
Online Agency Insureon Secures $3B in Capacity from Lloyd’s to Launch MGA for Small Business
Jul 25 2016 // Insureon, an online agency for small business insurance, has formed a new managing general agency (MGA), Insureon Underwriting Managers, which will operate as a division of Insurance Noodle, the company’s wholesale...
Brit Invests in South Africa’s Camargue Underwriting Managers
Jul 22 2016 // Brit Ltd., the global specialty insurer and reinsurer, announced it has made a significant strategic investment in Camargue Underwriting Managers, one of South Africa’s leading providers of specialized insurance...
CNA Appoints Childs as VP of Underwriting for Construction
Jul 21 2016 // CNA has appointed Rick Childs to the post of vice president of underwriting for the company’s construction segment. In this role, he will partner with product line managers, risk control, claims and the worldwide...
Timothy Furber, CPCU Joins Breckenridge Insurance Services as Senior Vice President, Broker
Jul 21 2016 // Atlanta, GA, July 21, 2016— Timothy Furber, CPCU has joined Breckenridge Insurance Services wholesale brokerage division as a senior vice president, broker in the Portland, Maine area office. Prior to Breckenridge,...
Lloyd’s Insurer Chaucer Expects Underwriting Loss During Q2 2016
Jul 15 2016 // The impact of catastrophes, large loss activity and foreign exchange movements are expected to bring an underwriting loss for Chaucer in the second quarter, when it will report a combined ratio in the range of 103 to 105...
Allianz Names XL Catlin’s Posner Senior Underwriter for Terrorism Insurance in North America
Jul 14 2016 // Allianz Global Corporate & Specialty (AGCS) reported that Adam Posner has been named senior underwriter for Terrorism & Political Violence insurance. Posner will be based in New York and he will report directly to...
Tokio Marine Kiln Completes Integration by Restructuring Underwriting Divisions
Jul 13 2016 // Tokio Marine Kiln (TMK) has completed the final stage of its integration by restructuring its underwriting divisions along sector lines. The new structure will offer clients access to both Lloyd’s and company paper...
J.M. Wilson Adds Steigenga as Transportation Underwriter in South Carolina
Jul 12 2016 // Managing General Agency J.M. Wilson has added Justin Steigenga to their Charleston, South Carolina office as a transportation underwriter. Steigenga is responsible for quoting new and renewal transportation risks,...
Survey: Agents Value Carrier Underwriting More Highly Now Than 5 Years Ago
Jul 12 2016 // A comparison of independent agent opinions five years ago to today shows how far the agency channel has come while also illustrating that certain fundamentals remain important throughout cycles and market...
