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People Moves: AXA XL Promotes Smyth as Global Chief Underwriting Officer, Casualty; Liberty Specialty Markets Taps Zurich’s Weigel as Head of Multinational, Europe
Sep 15 2025 // This edition of International People Moves details appointments at AXA XL and Liberty Specialty Markets (LSM). A summary of these new hires follows here. AXA XL Promotes Smyth as Global Chief Underwriting Officer,...
AM Best: Six-Month US P/C Underwriting Income Jumps to $11.2B
Sep 11 2025 // An early look by AM Best at the financial results of the U.S. property/casualty industry revealed insurers recorded an estimated $11.2 billion in net underwriting income in the first half of 2025. Last year after the first...
Ryan Specialty Launches New Sidecar to Support its Delegated Underwriting
Sep 5 2025 // International specialty insurer Ryan Specialty announced the formation of a new collateralized reinsurance vehicle called Ryan Alternative Capital Re, Ltd. (RAC Re) RAC Re will deliver additional capacity to Ryan Specialty...
Advice From a Surety Underwriter to the Owner of a Start-Up Construction Company
Sep 5 2025 // This post is part of a series sponsored by Old Republic Surety. Early in my underwriting career, it wasn’t unusual to meet a company owner who had recently climbed down from a ladder or the seat of a bulldozer to...
Steadfast Group Acquires Novum Underwriting Partners
Sep 4 2025 // Steadfast Group has announced its acquisition of a majority stake in US-based specialty managing general agency and wholesale brokerage, Novum Underwriting Partners LLC. Founded in 2019 and based in Ohio, the business is...
Lloyd’s Reports Combined Ratio of 92.5% on Drop in H1 Underwriting Result
Sep 4 2025 // Lloyd’s first half underwriting result dropped by half to £1.5 billion ($2.0 billion) from £3.1 billion ($4.2 billion) in H1 2024, which was driven primarily by claims from January’s California wildfires. The...
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