Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Strong Chubb 2016 Results Reflect Benefits of Merger: Greenberg
Feb 2 2017 // Chubb Limited CEO and Chairman Evan G Greenberg said that the company’s 2016 financial results have reflected the benefits of the nearly $30 billion ACE/Chubb merger that created today’s Chubb about one year...
PPIB in California Promotes Rogers and Le to Underwriter Posts
Feb 1 2017 // Professional Program Insurance Brokerage of Novato, Calif. has promoted Joanna Rogers and Khanh Le to the position of underwriter. Rogers has been with PPIB for three years learning underwriting and serving as executive...
A.M. Best Upwardly Revises Outlooks for Employers and Subsidiaries in Nevada
Jan 31 2017 // A.M. Best has revised the outlooks to stable from negative and affirmed, the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” of Employers Insurance Group Employers...
P/C Insurers Enroute to Posting Underwriting Loss for 2016: A.M. Best
Jan 30 2017 // The U.S. property/casualty industry will likely post a small underwriting loss for 2016 after three previous years of underwriting profits, A.M. Best said in a new report. A.M. Best’s report appears in line with a...
RSGUM Acquires Interstate Insurance Management in Pennsylvania
Jan 30 2017 // RSG Underwriting Managers (RSGUM) has agreed to acquire the total assets and operations of Interstate Insurance Management Inc. (Interstate). Interstate was represented in the transaction by Marsh, Berry & Company Inc....
J.M. Wilson Adds Bolinger as Transportation Underwriter in South Carolina
Jan 30 2017 // J.M. Wilson has added Adam Bolinger to its North Charleston, S.C. office. As a transportation underwriter, Bolinger is responsible for quoting new and renewal transportation risks, and serving independent insurance agents...
Beazley Adds Life Sciences Underwriter Amis in California
Jan 27 2017 // Beazley has hired life sciences underwriter Marc Amis in its San Francisco, Calif. office. Amis comes from Chubb, where he was a senior life sciences underwriter for the Western region. He was previously a regional...
P/C Insurers Fell to $1.7 Billion Underwriting Loss in First 9 Months of 2016
Jan 25 2017 // For private U.S. property/casualty insurers, the first nine months of 2016 were markedly worse than the same period in 2015, due to higher catastrophe losses and less favorable reserve development. The period produced a...
W.R. Berkley Suspends Marine Underwriting in London: Sources
Jan 25 2017 // W.R. Berkley has put under review and is suspending underwriting for its London marine book until it can determine the direction of this business going forward, Insurance Journal can reveal. W/R/B Underwriting, the...
Internet of Things and More Tech Risks in 2017
Jan 23 2017 // Insurers and customers alike are increasingly embracing the Internet of Things (IoT) for underwriting purposes and general, daily life. The thing is, greater reliance on this type of technology could create problems that...
Allianz Global Corporate & Specialty Promotes Two New York Executives
Jan 19 2017 // Allianz Group’s specialist corporate insurer, Allianz Global Corporate & Specialty (AGCS), has named Henning Haagen northeast zone executive for North America in addition to his current role as global head of...
CNA Names Lea Vice President, Commercial Underwriting for E&O, Cyber and Media
Jan 18 2017 // CNA said it has appointed Andy Lea as vice president of commercial underwriting for Errors & Omissions (E&O), Cyber and Media in the company’s commercial unit. In this role, Lea will manage the strategic...
Pioneer Underwriters Appoints Lucey to Lead New Pennsylvania Based Division
Jan 12 2017 // Pioneer Underwriters (Pioneer) has launched its new Miscellaneous, Technology and Cyber Liability unit with the appointment of David Lucey as vice president to lead the new team. Lucey will report directly to Gene Hinman,...
Corrected: Zurich to Underwrite Distinguished Programs’ New York Brick & Brownstone Program
Jan 12 2017 // The New York Brick & Brownstone program offered by Distinguished Programs, a national real estate insurance program manager, is now being underwritten by Zurich. The NY Brick & Brownstone program is designed for...
Argo Surety Names Layman VP, Chief Underwriting Officer
Jan 11 2017 // Argo Surety, a Houston-based member of Argo Group International Holdings Ltd., has appointed David M. Layman as vice president and chief underwriting officer (CUO) of Contract Surety. Layman will be responsible for...
Everest Insurance Expands with East Region Hires
Jan 10 2017 // Everest Insurance has continued the expansion of its property underwriting team with several Eastern region hires. Patrick Mulready has been appointed vice president of the Everest Wholesale Property Division based in...
Everest Insurance Expands U.S Property Team
Jan 9 2017 // Everest Insurance has expanded its property underwriting team with several key hires in the retail, wholesale and inland marine areas. According to the insurer, joining the Everest Wholesale Property team are: Patrick...
ICAT Syndicate 4242 & Neon Partner to Underwrite Large U.S. Property
Jan 9 2017 // ICAT Syndicate 4242 at Lloyd’s, a U.S. catastrophe-exposed property underwriter, and Neon, a specialist Lloyd’s underwriter, have partnered in a reciprocal capacity arrangement to bring additional per risk...
How to Help Insureds Manage Customer Privacy Risk
Jan 9 2017 // Insurance carriers and agents have come to learn that increased data can lead to greater risk for insureds, and they are increasingly advising businesses to disclose data collection practices while seeking to gain...
Midwest Regulation Report Card: States’ Grades Range from A to D
Jan 9 2017 // Grades assigned to the insurance regulatory systems in the Midwest states of Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota and Wisconsin range from A to D in a...
