Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Growth in Cyber Coverage Expected as Underwriting Evolves
Apr 4 2016 // With cyber insurance premiums expected to grow from around $2 billion in 2015 to an estimated $20 billion or more by 2025, insurers and reinsurers are continuing to refine underwriting requirements, according to industry...
Uncertainties Outweigh Growth Benefits When P/C Insurers Take On Too Much Cyber Risk, Rating Agency Warns
Apr 4 2016 // If they are not careful, property/casualty insurers could jeopardize their credit ratings with their expansion into standalone cyber insurance, a rating agency has warned. Cyber attacks pose dangerous risks and uncertainty...
AmWINS’ MGA Unicorn Names Nightingale as CEO, Cashen as Motor Fleet U/W
Mar 30 2016 // Charlotte, N.C.-based broker AmWINS Group Inc. announced the appointment of Darren Nightingale as chief executive officer of its London-based managing general agent, Unicorn Underwriting. Nightingale will be joined by...
Blue River Underwriters Expands Auto Dealer Program Nationally With Acquisition of Platinum Program Managers and Insurance Services
Mar 30 2016 // Atlanta, GA, March 30, 2016 — Blue River Underwriters, a Breckenridge Insurance Group company, has acquired California-based wholesale commercial auto insurance provider Platinum Program Managers and Insurance Services....
Marketform Committed to All Current Underwriting Lines After Strategic Review
Mar 29 2016 // Specialist Lloyd’s underwriter Marketform has confirmed its commitment to all its current underwriting lines after completing a strategic review. These remaining lines are: accident & health, travel; bloodstock...
Fidelis Insurance Promotes Savill to Group Chief Underwriting Officer
Mar 24 2016 // Fidelis Insurance announced that Ben Savill has been promoted to group chief underwriting officer, subject to approval from the Bermuda Department of Immigration. He assumes this role from Richard Brindle who held it...
Update: Lloyd’s Underwriter Marketform Sells UK Med Mal Businesses to Beazley
Mar 24 2016 // Specialist Lloyd’s underwriter Marketform announced it has sold its UK Open Market Medical Malpractice and UK / International Delegated Authority Insurance businesses to Beazley. The team being transferred is led by...
Rating Agency Warns P/C Insurers on Taking On Too Much Cyber Risk
Mar 21 2016 // If they are not careful, property/casualty insurers could jeopardize their credit ratings with their expansion into standalone cyber insurance, a rating agency has warned. Cyber attacks pose dangerous risks and uncertainty...
Zika Exclusion Now Commonplace in Cancellation Cover for Latin America Events
Mar 21 2016 // Organizers of rock concerts and conferences in Latin America or fringe events at the Rio Olympics beware: if you still need insurance to cover cancellation due to the Zika virus, it’s probably too late. The...
CNA Appoints Dieter Korte VP Underwriting, Manufacturing
Mar 16 2016 // Chicago-based CNA has appointed Dieter Korte as vice president, Underwriting for the company’s Manufacturing Segment. He will report to John Tatum, senior vice president, Commercial Segments. Dieter joins CNA from...
Marketform Exits International Med Mal, Transfers Business to Dale Underwriting
Mar 16 2016 // Specialist Lloyd’s underwriter Marketform announced it has transferred its international medical malpractice insurance business to Dale Underwriting Partners, the Lloyd’s licensed underwriter. Marketform said...
Greene & Associates Opens Conn. Office, Adds Perry as Underwriter
Mar 15 2016 // Greene & Associates, an East Aurora, New York-based underwriting manager and wholesale broker for excess and surplus lines coverage, opened a satellite office in Glastonbury, Connecticut. The firm also hired Scott...
QBE Launches Inland Marine Practice, Taps Pye to Lead
Mar 15 2016 // QBE Specialty has launched a suite of products for its newly created Inland Marine practice. This expansion includes a range of offerings for the following industry groups: Construction: Buildings and structures under...
J.M. Wilson Announces Promotions, New Hires
Mar 11 2016 // Portage, Mich.-based J.M. Wilson announced several promotions and new hires. Sherry Ihling was promoted to senior brokerage underwriter and Jennifer Tonthola was promoted to senior transportation underwriter in the Portage...
Specialist Lloyd’s Underwriter Marketform Announces Senior Appointments
Mar 8 2016 // Specialist Lloyd’s underwriter Marketform has announced a number of senior appointments, which are designed to strengthen its leadership team under the new chief executive officer, Martin Reith. With the strategic...
The Future, and Present, Belong to Specialty P/C Insurers: Conning
Mar 8 2016 // Specialty property/casualty insurers are now a dominant force in the market and generate more than half of the industry’s premiums, Conning Inc. asserts in a new report. Two-thirds of individual insurance companies...
Coastal Insurance Underwriters, Inc. Promotes Kim Bushong to Vice President
Mar 8 2016 // Ponte Vedra Beach, FL, March 8, 2016- Coastal Insurance Underwriters, Inc. recently promoted Kimberly Bushong to Vice President. Kim graduated from Florida State University with her Bachelor of Science in Finance and Risk...
Altitude Risk Partners Appoints Audis as Senior Aviation Underwriter
Mar 7 2016 // Altitude Risk Partners, the global aviation and space underwriting business, has expanded its general aviation capabilities with the appointment of Martin Audis as senior underwriter. Audis joins from Starr Aviation where...
Auto Insurer 2015 Underwriting Performance Loses Traction
Mar 7 2016 // Private passenger automobile insurance remains one of the most competitive segments in the U.S. property/casualty industry, with a number of large, well capitalized organizations battling for market share and searching for...
Regional P/C Insurers Shine in Underwriting, Pricing Performance: Fitch
Mar 6 2016 // Pricing improvements over several years have propelled returns for U.S. regional property/casualty insurers, according to Fitch Ratings. While the majority of North American publicly-traded insurers experienced flat to...
