Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
State Farm Reports Investments Overcame Underwriting Loss in 2015
Feb 28 2016 // State Farm Mutual Automobile Insurance Co., the largest U.S. property/casualty insurer, said 2015 profit rose 48 percent on investment gains tied to pharmaceutical holdings. Net income increased to $6.2 billion from $4.2...
Specialist Lloyd’s Underwriter Marketform to Exit General Liability Business
Feb 26 2016 // Specialist Lloyd’s underwriter Marketform announced it no longer will write general liability business. This decision forms part of a broader strategic review of the business, which included an assessment of...
UK’s MGAA Elects New Board Members Birrell and Manchester
Feb 24 2016 // The London-based Managing General Agents’ Association (MGAA) announced the election of new board members Mark Birrell, chief executive of Castel Underwriting, and Charles Manchester, chief executive of Manchester...
Atlantic Casualty Announces Chief Underwriting Officer
Feb 23 2016 // Goldsboro, NC, February 23, 2016- Atlantic Casualty Insurance Company, a member of Strickland Insurance Group, has named Tim Martin, CPCU, AU, as Chief Underwriting Officer. Martin will provide oversight and direction for...
Everest Appoints Downey as Deputy Chief Underwriting Officer
Feb 22 2016 // Bermuda-based Everest Re Group Ltd. announced that Christopher Downey has been named deputy chief underwriting officer. Downey joins Everest from Montpelier Reinsurance Ltd. where he served as senior vice president and...
Merger and Acquisition Activity Sets New High-Water Mark
Feb 22 2016 // Merger and acquisition activity for 2015 set a new record with 456 deals, sailing past the previous high-water mark of 325 deals set in 2012, according to recent data. The fourth quarter closed with 104 announced...
Philadelphia Insurance Companies Promotes 2 to Senior VP
Feb 19 2016 // Philadelphia Insurance Companies, a commercial property/casualty and professional liability insurance company for niche markets, announced the promotion of two vice presidents to senior vice president. Sam Garro is now...
Williams Joins J.M. Wilson as Public & Business Auto Underwriter
Feb 18 2016 // J.M. Wilson has added Robin Williams as public and business auto underwriter in Portage, Mich. Williams is responsible for quoting new and renewal public and business auto accounts, working with company underwriters, and...
Chubb Global Markets Names Wadhams as Chief Underwriting Officer, Aviation
Feb 17 2016 // Chubb Global Markets, the London-based wholesale insurance division of Chubb, announced the promotion of John Wadhams, currently senior underwriter, Aviation, to the role of chief underwriting officer, Aviation, with...
Hiscox Hires Mackey as Energy Underwriter, Completing Energy Team
Feb 16 2016 // Lorraine Mackey has joined Hiscox’s London market energy team as an energy underwriter. Mackey’s appointment completes the team led by Charles Rawlins, energy line underwriter, and also includes Louis...
AIG Reports $1.8 Billion Q4 Net Loss on Weak Underwriting, Investments
Feb 12 2016 // American International Group Inc. reported an operating loss of $1.3 billion for the fourth quarter of 2015, compared to after-tax operating income of $1.4 billion in the prior-year quarter. Disappointing underwriting and...
Liberty Specialty Announces Specialty Lines and Fine Art & Specie Appointments
Feb 12 2016 // Liberty Specialty Markets, part of Liberty Mutual Insurance Group, has promoted Mike Gosselin to the role of chief underwriting officer for specialty, while also naming David Saillen as head of fine art & specie –...
P/C Retail, Wholesale Agency 2015 M&A Highlights by Region, State
Feb 10 2016 // When agency consultants at Reagan Consulting hosted more than 150 industry leaders at a workshop on agent/broker mergers and acquisitions (M&A) recently, the mood was upbeat, since brokers are enjoying their best...
Texas Seeks Applicants for Medical Liability Insurance Underwriting Assoc. Board
Feb 9 2016 // The Texas Department of Insurance is accepting applications through March 11 for two public member positions on the Texas Medical Liability Insurance Underwriting Association board of directors. The appointment terms are...
Sompo Canopius Announces a Simplified Organizational Structure
Feb 9 2016 // Sompo Canopius AG has announced a number of changes to its organizational structure. The company is simplifying its underwriting management and structure to enhance cohesiveness and focus on profitability across the group....
P&I Sector’s Underwriting Discipline to Be Tested in Coming Renewals: A.M. Best
Feb 8 2016 // Underwriting discipline in the marine protection and indemnity (P&I) sector will be tested over the February 2016 renewal period due to market and competitive forces buffeting the sector, according to report published...
CFC Underwriting, London-Based MGA, Expands Transaction Liability Team
Feb 8 2016 // London-based CFC Underwriting has added two new underwriters to its growing transaction liability team. This follows last year’s appointment of Matthew Giddings to drive the development of a new line of business for...
10 Trends in U.S. Casualty Markets in 2016: Marsh
Feb 8 2016 // The sharing economy, expanded litigation, surplus capital, custom account underwriting and further consolidation are likely to challenge the U.S. casualty insurance marketplace in 2016, according to broker Marsh. Marsh...
P/C Retail, Wholesale Agency M&A Activity Brisk in 2015
Feb 8 2016 // When agency consultants at Reagan Consulting hosted more than 150 industry leaders at a workshop on agent/broker mergers and acquisitions (M&A) recently, the mood was upbeat, since many brokers have continued to enjoy...
10 Things to Know About Garage & Repair
Feb 8 2016 // For service-type operations under a garage liability policy, the standard market generally writes this business under a general liability policy, which includes personal injury and advertising liability, fire legal...
