Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Insurtech-Driven MGA, Agile, Appointed as StarStone Partner in Australasia
Feb 15 2019 // Agile Underwriting Services Pty Ltd., the insurtech-driven managing general agency (MGA) and Lloyd’s coverholder, announced it has been appointed as a representative agent for global specialty insurer, StarStone, in...
New Ventures, Driver Shortage Among Challenges in Trucking Insurance Market
Feb 15 2019 // The transportation industry is considered a barometer of the U.S. economy. If freight is trending up, so too is the U.S. economy. But capacity constraints for trucking – including a shortage of qualified drivers, low...
Pennsylvania’s Ascinsure Specialty Risk Promotes Keinard
Feb 14 2019 // Ascinsure Specialty Risk LLC has promoted Steve Keinard as its assistant vice president and underwriting manager. Within this new role, Keinard will provide leadership, support and guidance to Ascinsure’s...
InsurTechs Take Note: Chubb’s Digital Marketplace Serves 1,000 Agents a Day
Feb 13 2019 // Giant global insurer Chubb is on a mission to transform itself into a digital enterprise. The company is making substantial investments in digital technologies including cloud, mobile, APIs, security, chatbots, analytics...
Safety National Casualty Makes Underwriting Management Changes
Feb 12 2019 // Safety National Casualty Corp., headquartered in St. Louis, Missouri, has made organizational changes and enhancements to the company’s casualty field underwriting management roles. Steve Cotnoir Dennis Zervos Steve...
A CEO Needs to Paint a Picture of What ‘Good’ Looks Like: QBE CEO Regan
Feb 12 2019 // QBE Insurance has spent the last few years restructuring its business while at the same time weaving the fabric of a global organization with a strong, cohesive culture. A good corporate culture helps to create good...
Dostal Appointed Midwest Regional Manager at UFG Insurance
Feb 12 2019 // UFG Insurance in Cedar Rapids, Iowa, has appointed Jeanette Dostal as Midwest regional manager. Dostal will succeed current Midwest regional manager Corey Ruehle, who was appointed chief claims officer in January. Dostal...
Appalachian Underwriters Adds 4 to Missouri Workers’ Comp Unit
Feb 6 2019 // Appalachian Underwriters Inc. (AUI) has hired four workers’ compensation underwriting professionals in its St. Peters, Missouri, office. Tara Regan-Collins, senior underwriter, is a seasoned insurance professional,...
Maine’s The MEMIC Group Promotes Delcourt, Fendler
Feb 5 2019 // Workers’ compensation specialist The MEMIC Group promoted Ben Delcourt to underwriting manager and Shae-Li Fendler to underwriting analyst manager. Delcourt manages the underwriting team, which represents more than...
Insurance Tries to Keep Up with Sharing Economy
Feb 4 2019 // As more and more consumers click for services and borrow rather than buy, the sharing economy is benefitting. According to Harvard Business Review, the sharing or on-demand economy is attracting more than 22.4 million...
An Old Dog Up to New Tricks
Feb 4 2019 // For the seventh consecutive year, commercial auto is losing money. Despite rate increases in 23 of the past 25 quarters, the combined ratio topped 111 percent in 2017. The line has been a weak spot for many insurers,...
Big 3 Drive Personal Auto Insurance Recovery;
Feb 4 2019 // Signs of Rate Hike Fatigue Ahead Steady improvement for U.S. personal auto insurance companies has culminated in the sector’s best underwriting performance in 10 years, according to Fitch Ratings in a report. The...
People
Feb 4 2019 // AmTrust Financial Services announced leadership changes as it moves forward as a private company. Its $2.95 billion privatization plan was finalized on November 28, 2018 after receipt of all approvals. AmTrust announced...
Wishes & Predictions… in their own words
Feb 4 2019 // Ely Kaplansky, President, Kaplansky Agency, MA Increased market share. Rate increases. Continued profitable growth. Crag Shink, Managing Partner, C.H. Shink & Associates, NY A harder market in some segments. Increasing...
Beazley Appoints Sheehan as Underwriter Based in Massachusetts
Feb 1 2019 // Beazley has expanded its healthcare management liability team with the appointment of Jack Sheehan as an underwriter based in Boston, Mass. Sheehan brings 15 years of financial lines insurance experience in both broking...
Pioneer Underwriters Creates Single Global Platform for Financial Institutions
Jan 31 2019 // Pioneer Underwriters announced it has unified its financial institutions (FI) businesses into one global underwriting operation. Richard Coello leads the global FI team which will be responsible for all FI business written...
Underwriting Platform elseco Agrees to Buy MGA, Selected Renewal Rights from StarStone
Jan 31 2019 // Specialty underwriting platform elseco has entered into an agreement with global specialty insurer StarStone to acquire its managing general agent, Malakite Underwriting Partners Ltd., and the renewal rights to...
Allianz Adds Reyes to Aviation Underwriting Team in Colorado
Jan 24 2019 // Allianz Global Corporate & Specialty has named Hugo Reyes a senior underwriter in General Aviation for North America. Reyes is responsible for the underwriting of complex General Aviation risks and broker development...
Travelers Partners with ASQ Underwriting on Transactional Risk Insurance
Jan 23 2019 // The Travelers Companies, Inc. has partnered with ASQ Underwriting, a managing general underwriter, to offer transactional risk insurance in the United States, as strategic and private equity investors increasingly turn to...
XPT Group Acquires New York City’s SVA Underwriting Services
Jan 23 2019 // XPT Group LLC has acquired SVA Underwriting Services Inc., a trucking and transportation MGA and Lloyd’s Coverholder. SVA Underwriting specializes in physical damage and cargo cover with the ability to underwrite,...
