Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
How Bad Was P/C Insurers’ Underwriting Loss in 2017?
Mar 20 2018 // The U.S. property/casualty industry recorded a net underwriting loss of $23.5 billion for year-end 2017, according to preliminary results from A.M. Best. That was $18 billion bigger than the underwriting loss in 2016. The...
Bussard Promoted to Underwriter at Arlington/Roe in Ohio
Mar 19 2018 // Jennifer Bussard has been promoted to commercial lines underwriter at the Ohio office of managing general agency and wholesale insurance broker Arlington/Roe. Bussard is a graduate of Franklin University and holds the...
Agent-Inspired Insurtechs ‘Self-Disrupt’ Small Commercial Lines
Mar 19 2018 // Insurance industry technology is experiencing a revolution. While insurance carriers and venture capital firms have been behind much of today’s insurtech innovation, insurance agents and brokers have also jumped into...
New Jersey’s Selective Insurance Company Makes Several Officer Appointments
Mar 16 2018 // Selective Insurance Company of America, a Branchville, N.J.-headquartered subsidiary of Selective Insurance Group Inc., has announced several officer appointments. Charles Musilli has been appointed to executive vice...
ArgoGlobal Taps Chaucer’s Bull, QBE’s Garcia-Anton Lopez for Casualty Team
Mar 15 2018 // ArgoGlobal, the Lloyd’s insurer and member of Argo Group, today announced the appointments of Geoffrey Bull, as casualty treaty underwriter, and Jaime Garcia-Anton Lopez, as professional indemnity (PI) underwriter....
Smooth Waters Forms Agreement with National Cargo Bureau
Mar 14 2018 // Smooth Waters, LLC, a subsidiary of RSG Underwriting Managers, LLC (RSGUM), has entered into an engineering service agreement with the National Cargo Bureau, Inc. (NCB) to offer marine loss prevention and claims services...
Specialty Program Group Launches Flagship Marine Underwriters
Mar 13 2018 // Specialty Program Group LLC (SPG), an insurance holding company for specialty underwriting facilities, has launched Flagship Marine Underwriters, a new yacht and charter recreational marine underwriting facility. Based in...
Barbican Names McGurk from Standard’s Syndicate 1884 as D&O Class Underwriter
Mar 13 2018 // Barbican Insurance Group announced the appointment of Sarah McGurk as class underwriter for directors’ & officers’ liability insurance. Working as part of the financial lines division, she will report to...
Validus Specialty Expands Commercial D&O Portfolio; Zurich’s McAdams Named Sr. U/W
Mar 8 2018 // Validus Specialty Underwriting Services Inc. announced the expansion of its product portfolio with an admitted, private company commercial directors and officers (D&O) policy. With broad coverage, the new form provides...
How Cyber FICO Ratings Could Benefit Insurance Underwriting
Mar 7 2018 // Nearly 30 years ago the Fair Isaac Corp. (FICO) first introduced its metric for measuring creditworthiness. Since then, the FICO Score has become a default metric used by countless market participants to facilitate...
Sompo International to Launch Specialty Operation in Spain; Executive Team Named
Mar 6 2018 // Sompo International announced it will launch a specialty insurance underwriting operation in Barcelona, Spain. Sompo currently has a London-based operation but must open EU-based headquarters in order to conduct business...
Manchester Underwriting Acquires Pelican Underwriting from Asta Capital
Mar 5 2018 // Manchester Underwriting Management Ltd. (MUM) announced it has acquired Pelican Underwriting One Ltd. from third party managing agent Asta Capital Ltd. Pelican Underwriting One trades as Pelican Underwriting and...
Chubb Global Markets Appoints Hiscox’s Rowley as Senior Underwriter Financial Lines
Mar 5 2018 // Chubb announced the appointment of Benjamin Rowley as senior underwriter Financial Lines, Chubb Global Markets. Rowley is a medical malpractice specialist with a broad knowledge of errors and omissions and will be...
People
Mar 5 2018 // Integro Insurance Brokers has named Jacquelyn Neal as a principal in the marine practice. Neal is based in the San Francisco, Calif., office. She will manage a book of existing marine clients and develop new cargo and...
The Competitive Advantage: The Death of Underwriting and Underwriters
Mar 5 2018 // Underwriting is not dying. It is just being automated into digital algorithms versus analog human beings. Technology’s effect on life insurance underwriting is easiest to show by example. It is also further advanced...
People
Mar 5 2018 // St. Louis, Missouri-based Safety National Casualty Corp. announced management changes that are effective April 1, 2018. Gene Maier, executive vice president and chief underwriting officer, is retiring. During his 33-year...
People
Mar 5 2018 // The Main Street America Group, a super-regional property/casualty insurance company, has promoted Darryl Osman to vice president of personal lines. Osman remains based at the company’s home office in Jacksonville,...
Nautilus Names Joyce Chief Underwriting Officer; Lasky Chief of Claims
Mar 2 2018 // Excess and surplus lines carrier Nautilus Insurance Group has appointed Thomas Joyce as senior vice president, chief underwriting officer. Joyce has served as senior vice president, chief claims officer, since joining...
Agent and Carrier Strategies and the Future of Cyber Insurance
Mar 2 2018 // More than 20 years ago, Steven Haase wrote the first cyber insurance policy. Haase told Insurance Journal the story of how that first policy came about in the first part of this report, What Agent Who Wrote First Cyber...
Appalachian Underwriters Adds Wixom to Tennessee Office
Mar 2 2018 // Appalachian Underwriters, Inc. has added Siran Wixom as a Commercial Specialty Underwriter in its office in Oak Ridge, Tenn. She will be handling small to medium size Commercial Specialty accounts. Siran Wixom Wixom brings...
