Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
Berkshire Insurance Units Slump in Q2
Aug 10 2015 // Warren Buffett’s Berkshire Hathaway Inc. posted second-quarter profit that missed analysts’ estimates because of higher claims costs at insurance units including Geico. Net income dropped 37 percent to $4.01...
Auto Losses Seen Cutting P/C Insurance Profits Until 2016
Aug 10 2015 // The property/casualty insurance industry has made money on its personal lines underwriting since 2013 but that is likely to change in 2015. At the same time, commercial auto insurance should still make an underwriting...
J.M. Wilson Promotes Shepherd to P/C Underwriter in Indiana
Aug 7 2015 // J.M. Wilson has promoted Robyn Shepherd to property/casualty underwriter in the wholesale insurance broker’s Carmel, Ind., office. In her new role, Shepherd will quote new and renewal property/casualty risks, and...
AEGIS London Appoints King to Underwrite Global PI Book
Aug 6 2015 // Underwriter Martin King has been appointed to help expand AEGIS London’s professional indemnity (PI) capabilities and product offering. King joins from Novae, where he was unit head for PI and directors &...
Michigan’s J.M. Wilson Adds White, Nichols as Underwriters
Aug 5 2015 // Portage, Mich.-based insurance wholesaler, J.M. Wilson, has added two new property/casualty underwriters: Blayne White and Robbin Nichols. Both White and Nichols will quote new and renewal commercial property/casualty...
Auto Claims Hit Allstate’s Q2 Results
Aug 5 2015 // Allstate Corp. reported net income fell to $355 million in the second quarter, down from $645 million, as the insurer coped with rising auto claims costs. The Allstate brand suffered an underwriting loss for the...
Argo Reports 2015 Q2 Net Income of $27.9M, Compared to $38.6M in 2014
Aug 5 2015 // Argo Group International Holdings Ltd. reports net income of $27.9 million or $0.98 per diluted share, compared to $38.6 million or $1.32 per diluted share for the second quarter of 2014. “Argo Group’s second...
Berkshire Hathaway Specialty Enters Marine Insurance Market in Australia & N.Z.
Aug 4 2015 // Berkshire Hathaway Specialty Enters Marine Insurance Market in Australia & N.Z Berkshire Hathaway Specialty Insurance Company (BHSI) announced that it has begun underwriting Marine Insurance in Australia and New...
Hamilton Underwriting Limited Hires Carvey as Head of Treaty
Jul 29 2015 // Hamilton Underwriting Limited, the Lloyd’s managing agency of Bermuda-based holding company Hamilton Insurance Group, announced that Trevor Carvey has been hired as head of treaty. Carvey will report to Dermot...
The Hartford’s Profit Up in Q2; CEO Addresses M&A Outlook
Jul 28 2015 // The Hartford reported core earnings of $389 million for the second quarter 2015, an increase of $245 million from $144 million in second quarter 2014. The increase was due in part to improved underwriting results with...
ACE Names Chubb’s Krump Exec. VP – Global Underwriting & Claims
Jul 28 2015 // ACE Limited announced that Paul Krump, currently President of Personal Lines and Claims for Chubb, will serve as Executive Vice President for Global Underwriting and Claims for the parent company, effective “upon the...
Comprehensive Rating Platform Leads to MGA Successes
Jul 28 2015 // Dallas, TX, July 28 2015-Texas All Risk General Agency, Inc. is celebrating single digit mid year loss ratio trends with all 5 of their commercial binding carriers. The company attributes its continued success to their...
N.H. to Begin Winding Down Medical Malpractice Joint Underwriting Association
Jul 27 2015 // The New Hampshire Insurance Department announced on July 24 that the Merrimack County Superior Court issued an order appointing Insurance Commissioner Roger A. Sevigny as receiver of the New Hampshire Medical Malpractice...
ANV Launches Miscellaneous Professional Liability Program in U.S.
Jul 27 2015 // ANV Underwriters, the international managing general underwriter (MGU) segment of global speciality insurance group ANV, has launched a new North America Miscellaneous Professional Liability (MPL) product and team. The new...
MarketScout Adds 2 Underwriters to Restaurants, Bars Unit in Dallas
Jul 24 2015 // MarketScout has added two underwriters in its Restaurants, Bars, and Taverns (RBT) underwriting facility in the company’s Dallas headquarters. Jessica Johnston joins the RBT underwriting team as a commercial...
DUAL Acquires Oliva Underwriting, UK-based MGA
Jul 24 2015 // DUAL, the underwriting arm of the Hyperion Insurance Group, announced it has acquired Oliva Underwriting, the UK-based MGA specializing in property & casualty, contractor trades and marine insurance. The acquisition...
ACE Appoints Stapleton VP, Cyber Insurance Manager – ACE Overseas General
Jul 23 2015 // ACE Group announced that Tim Stapleton has joined the company as Vice President and Cyber Insurance Product Manager, a newly created position, for ACE Overseas General, the company’s general insurance business...
Elliot Joins International General (UK) as Political Violence Underwriter
Jul 23 2015 // International General Insurance Holdings Company (UK) announced it has appointed Stuart Elliot as Political Violence Underwriter based in the London office. He joins IGI from Ace European Group, where he was a Terrorism...
Hiscox USA Names Goodwin to Chief Underwriter Post
Jul 21 2015 // Specialty insurer Hiscox has appointed of Nicole Goodwin as chief underwriting officer for Hiscox USA. She will be based in New York City and replaces Gary Head, who will return to Hiscox’s London office to take on...
Liberty Int’l Underwriters Names McCarthy as Head of Global Crisis Mgmt. Unit
Jul 21 2015 // Liberty International Underwriters (LIU), a part of Liberty Mutual Insurance, has appointed Jane McCarthy as global senior vice president of its Global Crisis Management unit which includes kidnap, ransom and extortion;...
