Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Workers’ Comp : Healthy Underwriting Gain, Premium Growth Blockage
Jun 4 2018 // Workers’ compensation insurers are managing their premiums dollars better than they have in years, but those premium dollars are stagnating even as employment and wages are rising. In 2017, for the fourth consecutive...
I Used to Walk to School and Home Uphill Both Ways
Jun 4 2018 // An interview was recently published in a major industry publication with a notable ex-CEO of a prominent insurance company. Throughout the article, the ex-CEO bemoaned how power and profit has shifted to brokers from...
Distribution Overpowers Underwriting. How CNA Ex-CEO Chookaszian Views Industry’s Past, Present and Future
Jun 1 2018 // The former chief executive of an insurance company believes the center of value of the property/casualty industry has shifted away from one of the activities that would seem to define an insurance risk-taking enterprise:...
Black Promoted to Brokerage Underwriter at J.M. Wilson
May 31 2018 // Portage, Michigan-based wholesale insurance organization, J.M. Wilson, has promoted Braden Black to brokerage underwriter. Black is responsible for quoting new and renewal brokerage business and servicing accounts for...
Burand’s State of the P/C Insurance Industry 2018: Pricing Cycle Effects on Agents
May 29 2018 // The property & casualty insurance and group benefits industry is changing faster than ever, or at least faster than any time in any reader’s history. Many factors are the parents of such change. In part one of...
Cyber Reinsurance Underwriting Group Formed for London Market
May 24 2018 // The International Underwriting Association of London (IUA), representing carriers operating in or through London, has formed a group on cyber underwriting specifically for reinsurers. The organization said the move follows...
How Data Privacy Laws Could Hamper Insurance Underwriting
May 24 2018 // Complying with the European Union’s new General Data Protection Regulation is leading insurers and reinsurers to dilute the types of data they gather—something that could diminish underwriting quality, A.M. Best...
Neon Names Ascot’s Butt as Group Underwriting Director
May 24 2018 // Specialty insurer Neon announced that Theo Butt will be joining the company in September in the newly-created role of group underwriting director for Neon Holdings Limited. Butt joins Neon from Ascot Underwriting where he...
Castel Specialty Taps White to Lead New Political Risk Division
May 22 2018 // Castel Specialty, the division of managing general agent Castel Underwriting Agencies Limited for smaller books of niche business, has expanded its portfolio with the launch of Castel Political Risk. Led by Tom White,...
Channel Harvest Survey: Where Do Carriers Fall Short of Agent Expectations?
May 21 2018 // There appears to be a misalignment between carrier performance and independent agents’ expectations in both personal and commercial lines. These are selected findings of “Agent Voices 2018,” a...
People
May 21 2018 // Kansas City-based independent insurance broker, Lockton, named Said Taiym executive vice president and chief digital officer. Taiym will focus on digital innovation and new technologies to help Lockton. He most recently...
Millstream Creates Caritas Insurance Package for International Charities
May 18 2018 // Millstream Underwriting, part of independent specialty managing general agent Nexus Group, has launched Caritas, a new product that combines several lines of business the company underwrites into a specifically designed...
XL Catlin Adds Gardenhire as Underwriter in Dallas
May 18 2018 // XL Catlin has added Jason Gardenhire as underwriter to its regional US War, Terrorism & Political Violence insurance team. He is based in Dallas. Gardenhire will lead XL Catlin’s Terrorism and Political Violence...
Fitch Sees Small Profit But Still Negative on U.S. Commercial Lines Outlook
May 18 2018 // After a tumultuous 2017, the U.S. commercial lines market should eke out a small underwriting profit in 2018 assuming catastrophe losses return to more historical norms, Fitch Ratings said in a new report. Still, Fitch is...
SafeWaters Underwriting Managers Appoints N.Y.-Based Kempf as VP and Head of Cargo
May 15 2018 // SafeWaters Underwriting Managers (SafeWaters) has appointed Kevin Kempf as vice president and head of cargo in the U.S. Kempf is based in Melville, N.Y. He joined SafeWaters on April 1, 2018, and brings knowledge of cargo...
Chubb Subsidiary Fined $1.3M for Underwriting NRA-Branded Insurance
May 7 2018 // The New York Department of Financial Services (DFS) has fined Chubb Ltd. and its subsidiary, Illinois Union Insurance Company, $1.3 million for underwriting the National Rifle Association (NRA)-branded Carry Guard...
Cyber Insurers Say Underwriting Is Profitable, For Now
May 7 2018 // Carriers say that cyber insurance is quite profitable for them at the moment, and a majority are also using reinsurance to manage their exposures, PwC found in a global survey of specialist writers. The consulting...
Pioneer Underwriters Names Gaffney Chief Operating Officer
May 2 2018 // Pioneer Underwriters has appointed Simon Gaffney as group chief operating officer, He will report to Dane Douetil, group chief executive officer of Pioneer, and be based in London. Gaffney has two decades of experience in...
Insurers Say Cyber Insurance Underwriting Is Profitable for Now: PwC
Apr 26 2018 // Carriers say that cyber insurance is quite profitable for them at the moment, and a majority are also using reinsurance to manage their exposures, PwC found in a global survey of specialist writers. The consulting...
J.M. Wilson Adds Assistant Underwriters in Indiana, Missouri
Apr 25 2018 // J.M. Wilson has added Shelly Tucker-Lorenz as assistant surety underwriter in its Indiana office and Michelle Smith as assistant transportation underwriter in Kansas City, Missouri. Tucker-Lorenz has 15 years of previous...
