Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
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...
Markel International Names Davies Trade Credit Underwriter in Singapore
Apr 25 2018 // Specialty insurer Markel International has appointed Nicholas Davies as trade credit underwriter and senior risk analyst in Singapore. Davies will focus on developing Markel’s portfolio across the region, in addition...
Appalachian Underwriters Names Dail Western Region Vice President
Apr 24 2018 // Appalachian Underwriters Inc. has named Eric Dail its Western region vice president. He will now manage the day-to-day operations of the Scottsdale, Ariz. office, including workers’ compensation and commercial garage...
Travelers Boosts Q1 Profit; Talks Central Underwriting, Potential with Nationwide Agents
Apr 24 2018 // The Travelers Companies boosted its net income for the quarter ended March 31, 2018, by 10 percent to $669 million compared to $617 million in the prior year quarter despite unusually high catastrophe losses in...
IBHS, Alabama Insurance Underwriting Association Partner on Roof Aging Farm
Apr 24 2018 // The Alabama Insurance Underwriting Association (AIUA) has partnered with the Insurance Institute for Business & Home Safety (IBHS) to develop a roof aging farm in Foley, Ala. This longer-term research project was...
U.S. Risk Announces U.S. Risk Lawyers Advantage RPG
Apr 23 2018 // Dallas, TX, April 23, 2018—U.S. Risk Underwriters, Inc., a member of U.S. Risk Insurance Group, LLC, the nation’s sixth largest Property and Casualty wholesaler, has launched a new risk purchasing group to...
Jimcor Agency Announces Two Additions to Western Pennsylvania Team
Apr 19 2018 // Jimcor Agency Inc., an independent managing general agent and insurance wholesaler, has hired Sarah Warner as a property and casualty underwriter for the Western Pennsylvania office located in Pittsburgh, Penn, and Stefan...
Envelop Risk Appoints Hannover Re’s Chatterjee as Chief Underwriting Officer
Apr 19 2018 // Envelop Risk, a UK-based cyber insurance analytics and underwriting firm, announced it has appointed Aritra (Ari) Chatterjee as chief underwriting officer. Chatterjee was formerly the lead cyber underwriter with Hannover...
HWI International Launches MGA with Asian Focus: NuVu Underwriting Hong Kong
Apr 16 2018 // HWI International Group, the privately owned insurance business, has announced the launch of NuVu Underwriting Hong Kong Ltd., a new managing general agent (MGA) in Hong Kong, headed up by industry veteran Jeremy...
How Predictive Analytics Boost Commercial Insurance Profits, Smooth Cycles
Apr 5 2018 // The increasing use of predictive analytics among commercial lines insurers has helped improve their bottom lines and led to more balanced underwriting cycles, A.M. Best says in a report. “Underwriting cycles have...
Topa in California Names Pavlov Chief Underwriting Officer
Apr 3 2018 // Calabasas, Calif.-based Topa Insurance Group has named Denise Pavlov chief underwriting officer. Pavlov will report to President and CEO John Donahue, and oversee Topa’s underwriting, products, program development,...
RSG Completes Acquisition of New Jersey’s New Day Underwriting Managers
Apr 3 2018 // Ryan Specialty Group LLC (RSG) has completed its acquisition of the assets and operations of New Day Underwriting Managers LLC (New Day), a specialty intermediary with offices in Hamilton, N.J. New Day was founded in 2005...
