Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
What Ever Happened to Hedge Fund Reinsurers?
Sep 25 2020 // The latest group of reinsurers to emerge in the Bermuda market is starting to look different. Even the name that once described the cohort has changed in the past five years. And at least one member of the group of...
Arch Forms Underwriting Partnership with ProHost for Restaurant Industry Program
Sep 25 2020 // Arch Insurance has formed an underwriting partnership with ProHost USA, a Minneapolis-based insurance program administrator providing specialty packages to the restaurant industry. ProHost USA is part of Distinguished...
Beazley Beefs Up Executive Risk Team in U.S. with 6 More Recruits
Sep 22 2020 // Specialty insurer Beazley has expanded its underwriting and claims presence in the U.S. with new hires for its Executive Risk team that focuses on board-level risks facing businesses and their executives. Elizabeth...
P/C Mutual Insurers Improved Underwriting in 2019; Top 10 Hold 72% of Market: AM Best
Sep 22 2020 // Despite a highly competitive property/casualty insurance industry and pressures on operating performance, U.S. mutual insurance companies reported continued improvement in underwriting performance in 2019 and managed to...
What to Expect in 2021: Reinsurance Market Moving From ‘Timid’ to ‘Hard’
Sep 18 2020 // Speaking at one of the many virtual conferences that took place in early September, Dan Malloy, chief executive officer of Bermuda-based Third Point Reinsurance, offered an anecdotal view of the reinsurance market from a...
Ryan Specialty Group Names Cortezi, Nichols to Lead RSG Underwriting Managers
Sep 17 2020 // Ryan Specialty Group has made two key appointments at its managing underwriting division, RSG Underwriting Managers. Nick Cortezi has been named chairman and chief executive officer of RSG Underwriting Managers and Matt...
Sompo’s Davis Named President of Canopius USA as It Eyes Expansion
Sep 17 2020 // Specialty insurer Canopius Group has appointed Lisa Davis to the new position of president and chief underwriting officer of Canopius USA, effective October 1. Davis joins Canopius from Sompo America Insurance Services,...
Arcadian Risk Starts New Underwriter in Bermuda With Third Point Re Backing
Sep 17 2020 // Arcadian Risk Capital is launching as a new underwriting operation based in Bermuda that will initially underwrite excess casualty and professional lines insurance. Arcadian said it has received its license from the...
Baird Joins WSS’ Houston Surplus Lines as Sr. Broker/Underwriter
Sep 16 2020 // Western Security Surplus (WSS), a part of XPT Partners, has hired industry veteran Suzy Baird as senior broker/underwriter with Houston Surplus Lines (HSL), a division of WSS. Baird is based out of the WSS Houston...
Reinsurance Sector ‘Stable’ Despite Major Headwinds: AM Best
Sep 14 2020 // The tailwinds propelling the global reinsurance sector are sufficient impetus for the ratings agency AM Best to retain its stable outlook for the reinsurance industry, despite multiple challenges. During a virtual press...
Reinsurers Enter January Renewals, Focusing on Underwriting Discipline: Carpenter, Aon
Sep 14 2020 // Economic uncertainty and volatility, in combination with COVID-19-related losses, is leading to a heightened level of cautiousness among property reinsurers unless pricing and terms and conditions meet specific thresholds,...
Lloyd’s Underlying Underwriting Results See ‘Huge Improvement’ Despite COVID Losses
Sep 11 2020 // While Lloyd’s overall results in the second half were hit by £2.4 billion ($3.12 billion) of COVID-19 claims, the market’s underlying underwriting performance saw a “huge improvement,” which Chief...
AIG Names StarStone’s Rash as CEO of Talbot Underwriting
Sep 11 2020 // American International Group announced that Chris Rash has been appointed chief executive officer of Talbot Underwriting, which operates within the Lloyd’s Insurance Market through Syndicate 1183. Rash has also been...
Greenlight Re ‘Refreshes’ Executive Team, with New Chief Underwriting Officer and CFO
Sep 10 2020 // Greenlight Capital Re, the Cayman Islands-based specialist property and casualty reinsurance company, has appointed Greenlight Re’s chief executive officer, Simon Burton, to serve also as the company’s chief...
Hoy Named EVP, Auto Dealer Programs at Risk Point Underwriters in Dallas
Sep 8 2020 // Dallas-based Risk Point Underwriters LLC has named Scott A. Hoy executive vice president for the specialty auto dealer underwriting unit. Hoy will be responsible for driving profitable growth and delivering customer...
London Underwriters Launches Online Agent Platform in Texas
Sep 8 2020 // London Underwriters has released a beta version of its new online platform, Bunch, in the state of Texas. London Underwriters, which has administrated its own proprietary Lloyd’s of London commercial property program...
S&P Says Underwriting in Lloyd’s Market Continues to Improve
Sep 7 2020 // The Lloyd’s market looks unlikely to turn an underwriting profit in 2020 given the pandemic and hurricane season. However, there are signs of improvement, according to analysts at S&P Global Ratings. S&P...
Property/Casualty Insurance First-Half Underwriting, Net Income Drops Tied to COVID
Sep 7 2020 // U.S. property/casualty insurance underwriting income dropped 5.5% in the first half of 2020 versus the same period last year. Higher underwriting expenses and policyholder dividends largely connected to COVID-19 costs are...
Ryan Specialty Group and All Risks Finalize Merger
Sep 2 2020 // Specialty insurance brokerages Ryan Specialty Group and All Risks have closed on the merger the two firms into Ryan Specialty Group. The deal unites Chicago-based Ryan Specialty Group and its nearly $12 billion in premium,...
Carrie B. Mudd Joins Breckenridge Insurance Services to Grow Transportation Business
Sep 1 2020 // Atlanta, GA, September 1, 2020 — Breckenridge Insurance Services is pleased to welcome Carrie B. Mudd to the wholesale brokerage and binding firm. Mudd joins the organization as a vice president, underwriter with over 17...
