Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Tough Road for Trucking Insurance Specialists
Nov 7 2017 // Trucking serves as a barometer of the U.S. economy, representing 70.6 percent of all domestic freight transportation tonnage and $676 billion, or 79.8 percent,of transportation revenues in the country. Despite the...
Cyber Risk Is Putting Pressure on Property Insurance Underwriters
Nov 6 2017 // Property underwriters are feeling the pressure as cyber has become an increasing source of risk within the property insurance industry, according to panelists at Advisen’s 2017 Cyber Risk Insights Conference, held...
People
Nov 6 2017 // Crop insurer, Farmers Mutual Hail Insurance Co. of Iowa (FMH), announced that James A. Brost, retiring senior vice president with Holborn Corp., will join the FMH board of directors on Jan. 1, 2018. Brost began his...
People
Nov 6 2017 // Independent Insurance Agents of Georgia (IIAG) announced that John Barbour, formerly vice president of Governmental Affairs, was chosen to serve as new chief executive officer. Barbour began leading the association on...
AIG Reports Q3 Loss on Commercial Lines Reserve Boost, Catastrophe Losses
Nov 3 2017 // Highlighting the development as a “noteworthy item” in an earnings announcement Thursday night, American International Group reported prior-year loss reserve strengthening of $836 million before taxes, which...
J.M. Wilson Adds Gross as Assistant Transportation Underwriter in Illinois
Nov 3 2017 // Managing general agency and surplus lines underwriter, J.M. Wilson, has hired Kathy Gross as assistant transportation underwriter in its Arlington Heights, Illinois, office. Gross is responsible for assisting underwriters...
J.M. Wilson Hires Kane as Assistant Property/Casualty Underwriter in Illinois
Nov 2 2017 // Managing general agency and surplus lines broker, J.M. Wilson, has hired Brian Kane as assistant property/casualty underwriter in its Arlington Heights, Illinois, office. Kane has more than 17 years of experience in the...
AmWINS Completes Acquisition of 15 Insurance Programs from Willis Towers Watson
Nov 2 2017 // Specialty insurance broker AmWINS Group reported that it has completed the previously-announced acquisition of 15 insurance programs from Willis Towers Watson. Terms were not disclosed. “The programs, product...
SafeWaters Underwriting Managers Adds Yacht Insurance Capacity Through Everest
Nov 2 2017 // SafeWaters Underwriting Managers (SafeWaters) has expanded its capacity for yacht insurance with Everest National Insurance Company. SafeWaters now provides physical damage coverage and P&I for yachts ranging in value...
Berkshire Likely to Report Big Q3 Claims Costs – and Reduced Insurance ‘Float’
Nov 1 2017 // The insurance business has been good to Warren Buffett. For decades, his stable of carriers at Berkshire Hathaway Inc. have provided him billions of dollars to invest. They’ve also turned an underwriting profit every...
Paragon Insurance Holdings Adds Schmidt as Pest Control Program Underwriter in Florida
Nov 1 2017 // Paragon Insurance Holdings, LLC, a national multi-line specialty program manager, has added Justin Schmidt to the Paragon team as Program underwriter. He will be based in Orlando, Fla. According to Ron Ganiats, Paragon...
DUAL North America Announces New CEO, Chairman
Oct 26 2017 // DUAL North America, a member of the DUAL Group and Hyperion Insurance Group and headquartered in Naples, Fla., has announced Justin Tweedie will be succeeded as CEO by Jon Beckham effective Jan. 1, 2018, at which time...
Insurtech Startup, Insurdata, Raises More Than $1M in Seed Financing
Oct 24 2017 // Insurdata, an insurtech firm that provides re/insurance underwriters with property-specific data to support their pricing, underwriting and portfolio management decisions, announced it has raised over $1 million in seed...
CNA Appoints Wilson Senior VP, Underwriting Services
Oct 23 2017 // Chicago-based insurer CNA has named Katie Wilson as senior vice president, underwriting services, within the company’s Commercial unit. In this role, Wilson is responsible for driving the overall strategic direction...
Mahaffey Promoted to Transportation Underwriter in J.M. Wilson’s Ohio Office
Oct 23 2017 // Managing general agency and surplus lines broker J.M. Wilson has promoted Seth Mahaffey to transportation underwriter in its Westerville, Ohio, office. Mahaffey is responsible for quoting new and renewal accounts for a...
RSA Canada Taps Cohen from Aviva Canada as SVP, Chief Underwriting Officer
Oct 20 2017 // Toronto-based RSA Canada has appointed Steve Cohen to the newly created role of senior vice president and chief underwriting officer. The SVP and chief underwriting officer role was created to build upon the progress the...
Travelers Insurance Reports Solid Q3 Results Despite $700M Cat Losses
Oct 19 2017 // The Travelers Companies today reported $293 million in net income for the third quarter despite absorbing more than $700 million in catastrophe claims. The $293 million in net income was a 59 percent decline from the $716...
AXIS Capital Completes Purchase of Novae; Executive Team Announced
Oct 18 2017 // AXIS Capital Holdings Ltd. it has finalized its acquisition of Novae Group plc, which creates a $2 billion insurer in London and a top ten re/insurer at Lloyd’s, with 2016 global gross written premiums of $6...
AmWINS Acquiring 15 Insurance Programs from Willis Towers Watson
Oct 16 2017 // Specialty broker AmWINS Group reports it has agreed to acquire 15 insurance programs from broker Willis Towers Watson. Among the programs being acquired by AmWINS are MountainGuard, which provides underwriting, claims and...
Everest Re in London Taps Hiscox’s Armitage, Gairdner from Tokio Marine Kiln as Sr. Underwriters
Oct 12 2017 // Everest Re Group Ltd. announced the addition of several new senior underwriters to the London team of Everest Reinsurance (Bermuda) Ltd. Luke Armitage joins Everest Re’s London office as senior underwriter for motor...
