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People Moves: WTW’s Hires EY’s Mayers for Commercial Lines Pricing, Underwriting; Hiscox Names Flaquet to Newly Created Role of Group COO

Jun 28 2022 // This edition of International People Moves details appointments at Willis Towers Watson (WTW) and Hiscox. A summary of these new hires follows here. WTW’s Hires EY’s Mayers for Commercial Lines Pricing,...

Markets/Coverages: Skyward, InShare Offer Gig Accident Cover; London Underwriters Adds Slice; Hippo Grows Mortgage Channel

Jun 23 2022 // InShare and Skyward Target Gig Driver Firms With Accident Insurance Managing general agent (MGA) InShare and Skyward Specialty Insurance Group Inc. announced the launch of an occupational accident insurance offering for...

Johnson & Johnson to Acquire Midlands Management Corporation’s Wholesale Brokerage & Binding and Managing General Underwriting Divisions

Jun 6 2022 // Charleston, SC., June 06, 2022 – Johnson & Johnson will expand its footprint into Texas and Oklahoma by acquiring the assets of the Wholesale Brokerage & Binding and Managing General Underwriting units of...

Schools and Underwriters Do Their Cyber Security Homework; Since Remote Classes, $1 Million Ransomware Claims Have Become the Norm

Jun 6 2022 // The overall number of cyberattacks fell by more than half in 2021 for K-12 schools but the number of ransomware attacks is on the rise. According to a report from the K12 Security Information Exchange, or K12 Six,...

P/C Industry Posts 2021 Underwriting Loss but Surplus Hits $1 Trillion

Jun 6 2022 // Full-year net income for U.S. property/casualty insurers increased slightly to $61.9 billion from $60.3 billion in 2020, but the industry turned in a $3.8 billion underwriting loss in 2021. The P/C industry posted a $5.2...

U.S. P/C Q1 2022 Underwriting Income Up 5%: AM Best

May 31 2022 // AM Best reported Friday that first-quarter net underwriting income for the U.S. property/casualty industry rose 4.6% to $3.3 billion. Explaining the result, AM Best said that a 10.5 percent jump in net earned premiums and...

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