Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Red Shield Names Tufts Underwriting Department Manager in Oregon
Dec 8 2015 // Red Shield Insurance Co. has named Kevin Tufts an underwriting department manager in Portland, Ore. Tufts has 21 years of experience in commercial lines underwriting. He started his insurance career as a workers’...
Softening of P/C Commercial Markets, Including D&O, to Continue: Fitch
Dec 8 2015 // U.S. commercial insurance market segments, including directors and officers (D&O) liability insurance, are continuing to soften and are likely to stay on this path for the near-term even as several large competitors...
Cyber Insurance Underwriting Moves from ‘Toddler’ to ‘Teen’ As Insurers Learn from Claims
Dec 8 2015 // Given the fact that the insurance industry paid out more than $400 million in highly publicized cyber liability insurance claims in 2014 alone, one might think that insurers would be shying away from the line. But one...
Growth in Cyber Insurance Sustainable if Underwriting, Pricing Are Right
Dec 7 2015 // Given the fact that the insurance industry paid out more than $400 million in highly publicized cyber liability insurance claims in 2014 alone, one might think that insurers would be shying away from the line. But one...
Insurance Company Profitability
Dec 7 2015 // The past 10 years has been incredibly profitable for insurance companies. Net income for the industry – that is net, not pretax – has equaled $448 billion; that’s almost half a trillion dollars. It is not chump...
U.S. Risk Insurance Group Acquires Matias Underwriters in Boston
Dec 2 2015 // U.S. Risk Insurance Group Inc., a managing general agency and surplus lines wholesaler based in Dallas, announced that it has acquired Matias Underwriters LLC in Boston. Terms of the transaction were not disclosed. Matias...
Kimberley Appointed Chief Underwriting Officer of Ascot Underwriting (Bermuda)
Dec 2 2015 // Ascot Underwriting Ltd., the London-based Lloyd’s managing agency, has appointed Simon Kimberley as chief underwriting officer of Ascot Underwriting (Bermuda) Ltd. Kimberley transferred to AUB in 2014 as underwriter...
ACE Announces Future Leadership Team for Global Surety Business Unit
Dec 2 2015 // ACE Ltd. announced the leadership team it has appointed for the company’s Global Surety business unit, which will take effect upon completion of the acquisition of Chubb, expected in the first quarter of 2016. As...
AXIS Capital to Write Treaty Reinsurance Business via Lloyd’s China Platform
Dec 2 2015 // Bermuda-based AXIS Capital Holdings Ltd. announced that AXIS Syndicate 1686 has recently received approval from Lloyd’s for the establishment of an underwriting division at Lloyd’s Insurance Company (China)...
All Risks Acquires Florida-Based Specialty Risk Underwriters
Dec 2 2015 // All Risks, Ltd., a nationwide independent wholesaler, has acquired Specialty Risk Underwriters (SRU), a national program administrator based in St. Petersburg, Fla. Specialty Risk Underwriters has developed a variety of...
Castel Launches Corporate Underwriting Cell, Targeting African Reinsurance
Dec 1 2015 // Castel Underwriting Agencies Ltd., the London-based MGA formation platform, has launched its first corporate underwriting cell, working with One Re, a specialist African-focused reinsurer, to target facultative reinsurance...
Hamilton’s Lloyd’s Operation Appoints 2 Senior Underwriters
Nov 25 2015 // Hamilton Underwriting Ltd., the managing agency of Lloyd’s Syndicate 3334, and the Lloyd’s operations of Hamilton Insurance Group, announced the appointment of two senior underwriters who will lead the...
U.K. MGAs Seek Greater Role in Claims Process: MGAA Matters Survey
Nov 23 2015 // Managing general agents are keen to be more involved in the claims process because they view claims as a core competence with an intrinsic link to underwriting, according to the latest MGAA Matters Survey.* The fourth...
ACE Names Future Leadership Team for Overseas General Insurance Operations
Nov 23 2015 // ACE Ltd. announced the senior leadership team it intends to appoint for the new Chubb Group’s Overseas General Insurance division. This division comprises two major businesses: one with distribution through retail...
Orchid Underwriters to Acquire Platinum Partners in Massachusetts
Nov 20 2015 // Orchid Underwriters, a Vero Beach, Florida-based managing general agent providing excess & surplus (E&S) insurance for coastal properties, has signed a definitive agreement to acquire Platinum Partners, a...
Validus Announces Senior Executive Appointments at Talbot Underwriting
Nov 20 2015 // Validus Holdings announced a series of senior management appointments at Talbot Underwriting Ltd., its wholly owned subsidiary. Rupert Atkin will retire as chief executive officer of Talbot on Feb. 29, 2016. Peter Bilsby,...
A.M. Best Downgrades Georgia-Based Century Casualty Co.
Nov 17 2015 // A.M. Best has downgraded the financial strength rating (FSR) to B (Fair) from B+ (Good) and the issuer credit rating (ICR) to “bb+” from “bbb-” of Century Casualty Co. based in Alpharetta, Ga. The...
Irwin Siegel Agency Hires Huft as Executive Underwriter in Georgia
Nov 13 2015 // Irwin Siegel Agency, a program administrator based in Rock Hill, N.Y., has hired Christal Huft as executive underwriter. She is based in Kennesaw, Ga. Huft has served the insurance industry in various capacities for nearly...
O’Connor Joins Southwest Risk as Sr. VP, Broker, Underwriter
Nov 12 2015 // Joe O’Connor has joined Texas-based Southwest Risk LP as senior vice president, broker and underwriter with a primary focus on developing new Marine & Energy products. He is based in Houston. O’Connor has...
Liberty International Names Finnegan Chief Underwriting Officer for U.S.
Nov 11 2015 // Liberty International Underwriters (LIU), part of Liberty Mutual Insurance, has appointed Michael Finnegan to the newly-created position of chief underwriting officer for U.S. operations. Prior to joining LIU, Finnegan was...
