Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Pressure’s on the Trucking Sector
Nov 5 2018 // 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...
Changing World for P/C Insurance Underwriters: Guy Carpenter
Nov 5 2018 // Property/casualty insurers’ operating environment today is very different than just a few short years ago. Lines that were stable are now volatile and those that have struggled are looking profitable, reinsurance...
AIG Executives Outline Path to Underwriting Profit in 2019
Nov 2 2018 // “We do see it coming. We expect that in 2019 we’re going to be in an underwriting profit position, not a great one, but a profit. And we’ll move from there to a great one.” So said Brian...
QBE Restructures Operations, Creating 3 Global Units; Executive Team Named
Nov 1 2018 // QBE announced changes to its structure, designed to further simplify its operations and build a more streamlined, agile and customer-oriented business. Following the underwriting remediation in Asia, which is now largely...
AIG Again Battered by Catastrophes But Reinsurance Lowers 3Q Net Loss
Oct 31 2018 // Catastrophe losses in Japan and North America pushed American International Group to a net loss of $1.3 billion for the third quarter of 2018, compared to a net loss of $1.7 billion in the prior-year quarter. Adjusted...
Brit Global Specialty USA Appoints King as Chief Underwriting Officer
Oct 31 2018 // John King has been named chief underwriting officer for Brit Global Specialty USA. King moves to BGSU, based in Chicago, from his current role as group executive underwriter at Brit Global Specialty in London. King brings...
It’s a Very Different World for P/C Insurance Underwriters, Says Guy Carpenter
Oct 29 2018 // Property/casualty insurers’ operating environment today is very different than just a few short years ago. Lines that were stable are now volatile and those that have struggled are looking profitable, reinsurance...
Better Underwriting, Lower Taxes Behind The Hartford’s Strong Q3 Results
Oct 26 2018 // The Hartford reported third quarter 2018 net profit of $427 million compared with $145 million in third quarter 2017. The $282 million increase was due to higher commercial lines, personal lines, group benefits and mutual...
Appalachian Underwriters Names Schnarre as Midwest External Marketing Rep
Oct 23 2018 // Appalachian Underwriters Inc. has named Nick Schnarre as external marketing representative for Illinois, Indiana and Missouri agents. He will be working remotely in the St. Louis, Missouri, area, helping agents in those...
To Insure Cyber or Not to Insure Cyber: Cautions and Caveats for Carriers
Oct 22 2018 // While there are some issues with the data, virtually every report shows the cyber insurance market growing. Aon Benfield had it growing 37 percent last year to $1.8 billion. It’s profitable and the loss ratio is in...
Danish Insurer Qudos Ceases Underwriting, Pending Restructuring
Oct 19 2018 // Copenhagen-based Qudos Insurance will cease underwriting new business with immediate effect, pending a restructuring of the business, announced parent company New Nordic Advisors. New Nordic said it aims to re-launch the...
Appalachian Underwriters Adds St. Clair as Garage Underwriter for Midwest
Oct 19 2018 // Appalachian Underwriters Inc. has hired Joanna St. Clair as a garage underwriter. She will be working remotely in the Austin, Texas, area, primarily underwriting garage risks for Midwest agents. St. Clair comes to AUI with...
International Marine Underwriters Adds Cyber Coverage to Marine Policies
Oct 16 2018 // International Marine Underwriters (IMU), a member of OneBeacon Insurance Group, has expanded its product offering with information risk coverage to address a broad range of cyber incidents including data breach, threat of...
Mixing Up Occupancy for Commercial and Residential Properties
Oct 15 2018 // There is a trend in residential construction to build condominium communities that go beyond the traditional amenities we’re used to. We are accustomed to work out rooms, pools, game rooms and the like in...
Cincinnati Financial to Acquire London Specialty Underwriter from Munich Re
Oct 12 2018 // In a bid to diversify its earnings and expand its markets beyond the U.S., Cincinnati Financial Corp. has agreed to acquire MSP Underwriting Limited, a London-based global specialty underwriter and subsidiary of Munich...
Charity First in California Names Paz-Cazares Business Underwriter
Oct 10 2018 // San Francisco, Calif.-based Charity First Insurance Services Inc. has named Margarita Paz-Cazares a new business underwriter. Paz-Cazares has more than 25 years of experience as a multiline commercial underwriter. She was...
J.M. Wilson Names Taylor James P/C Underwriter in Ohio
Oct 8 2018 // J.M. Wilson has named Taylor James a property/casualty underwriter in its Ohio office. Ms. James is responsible for underwriting new and renewal accounts for a variety of property/casualty risks, as well as issuing...
MGA Ascent Underwriting Appoints Stops from Brit as Head of Cyber
Oct 4 2018 // Ascent Underwriting, the London-based cyber and specialty lines managing general agent (MGA), has appointed Caspar Stops as head of cyber. Stops, who will take up the role at the end of November, joins from Brit Ltd. where...
People
Oct 1 2018 // JLT Re (North America) Inc., part of the global provider of reinsurance broking and consultancy, has appointed Alain Bizet as senior vice president in Miami. Alain will join the property treaty team in Miami and focus on...
Commercial Auto: Profitability Issues Remain, but There’s Light at the End of Tunnel
Oct 1 2018 // Despite insurers’ best efforts to increase rates to compensate for losses, commercial auto continues to be an unprofitable line. In less than a decade, despite continued increases in premiums, two major carriers have...
