Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
There’s Plenty of Room for Improvement in U.S. Commercial Lines: Fitch
Jun 22 2020 // With an industry overall combined ratio for 2019 hovering just below 100, and individual lines like long-tail liability moving 10 points over breakeven, the U.S. commercial lines market has “plenty of room for...
AXA XL’s Mackie Joins Liberty Mutual Re to Head U.S. Property Business
Jun 22 2020 // Two-year old Liberty Mutual Re said it has appointed Scott Mackie to the role of director of Assumed Reinsurance – Property. Mackie will be responsible for managing the underwriting of U.S. property risk and pro-rata...
Swiss Re’s Chief Underwriting Officer Schmid Is Stepping Down, Succeeded by Léger
Jun 19 2020 // Swiss Re announced the appointment of Thierry Léger as the group chief underwriting officer, effective Sept. 1, 2020. At the same time, the reinsurer announced it is restructuring its life businesses. Léger succeeds...
S&P’s Outlook for AGCS Revised to Negative on ‘Weak Underwriting Performance’
Jun 18 2020 // S&P Global Ratings has revised its outlook on Allianz Global Corporate & Specialty SE (AGCS) to negative from stable, while at the same time affirmed the insurer’s “AA” financial strength and...
Third Coast Underwriters Promotes Hueneke to Southeast Regional Director
Jun 18 2020 // Third Coast Underwriters (3CU) has promoted Marica Hueneke to regional director for the company’s Southeast Region. She will be based in Nashville, Tenn. According to Mike Valiante, vice president Business...
Moody’s Assigns First-Time A3 Rating to Fosun-Backed Peak Re
Jun 16 2020 // Moody’s Investors Service has assigned an A3 insurance financial strength rating (IFSR) to Hong Kong-based Peak Reinsurance Co. Ltd. with a stable rating outlook. Peak Re’s A3 IFSR reflects its good franchise...
Axon Underwriting Forms Product Recall Crisis Management Division
Jun 15 2020 // Axon Underwriting Services LLC, a specialty lines program administrator, has formed Axon Crisis Management to offer its product recall and foodborne illness and contamination products for U.S. domiciled...
Aspen Insurance Reconfigures Management Team with 2 New CEOs, Non-Exec Director
Jun 12 2020 // Aspen Insurance Holdings Ltd. announced it has made some major changes to its management team, including the appointment of a non-executive director, two chief executive officers and a chief underwriting officer. The...
New Insurer Astaara Focuses on Protecting Maritime Industry from Cyber Risks
Jun 12 2020 // A new insurance services business, called Astaara Company Ltd. (ACL), has been launched to protect maritime companies from cyber threats Offering risk management, underwriting and analytics, London-based Astaara will work...
Fusner Named Chief Underwriting Officer at AF Group in Michigan
Jun 11 2020 // AF Group in Lansing, Michigan, has appointed Kelly Fusner as its new chief underwriting officer (CUO). Fusner will lead the strategic underwriting efforts for the organization, providing innovative expertise that will...
Worldwide Facilities Acquires Wisconsin’s Strategic Underwriting Solutions
Jun 11 2020 // Worldwide Facilities LLC, a national wholesale insurance broker, managing general agent and program manager, has acquired Strategic Underwriting Solutions LLC (SUS), a full service medical stop-loss focused managing...
A.M. Best Affirms North American Casualty Group Companies’ Ratings
Jun 10 2020 // Ratings issuer A.M. Best said it has removed from under review with negative implications and affirmed the Financial Strength Rating of A (Excellent) and Long-Term Issuer Credit Ratings of “a” of five companies...
Worldwide Facilities Acquires Virginia’s Royal Oak Underwriters
Jun 8 2020 // Worldwide Facilities LLC, a national wholesale insurance broker, managing general agent and program underwriter, has acquired Royal Oak Underwriters Inc., an excess and surplus lines insurance wholesaler based in Richmond,...
Applied Underwriters to Acquire Blue Ridge of South Carolina
Jun 5 2020 // Blue Ridge Specialty Group of Greenfield, South Carolina, a managing general underwriter specializing in trucking -related risks, has been acquired by Applied Underwriters, according to Applied Chairman and CEO Steve...
Diverging Views: Is COVID a One-Off Catastrophe or Not?
Jun 5 2020 // While reinsurers are “open for business” and insurers and reinsurers are reporting the impacts of COVID-19 as a one-off catastrophe impacting earnings rather than capital, equity markets are viewing the...
QBE North America Promotes Gransbury to Head New Specialty Unit; Krauss to A&H
Jun 2 2020 // QBE North America has promoted Steve Gransbury to head of Specialty Insurance, a new group of existing QBE businesses, and promoted Tara Krauss to head of Accident & Health. The Specialty Insurance unit Gransbury now...
SUITELIFE Underwriting Managers Hires Gentile as Underwriter
Jun 2 2020 // SUITELIFE Underwriting Managers, a managing general underwriter for full-service hotels, premier hotels, boutique hotels, condo-hotels, resorts and hotel management companies, has hired Zach Gentile as an underwriter....
K2 Insurance Services Launches International Re/insurance Platform in London
Jun 1 2020 // K2 Insurance Services, the underwriting and distribution specialist in the U.S. program insurance market, announced the launch of K2 International, a specialty insurance and reinsurance underwriting platform, based in...
K2 Insurance Services Completes Purchase of MGA Pioneer Underwriters
May 29 2020 // K2 Insurance Services LLC, the specialty insurance services holding company, has completed the purchase of Pioneer Underwriters, the London-based managing general agency. The deal was facilitated with a portfolio transfer,...
WSS Hires Easley as Sr. Broker/Underwriter in Texas
May 29 2020 // WSS, a member of XPT Group, a specialty insurance distribution company, has added Meghan Easley as senior broker/underwriter in its Plano, Texas, office. Easley brings 15 years of industry experience, most recently in...
