Insurance Journal

OCTOBER 28, 2024

Executive Summary: During the period 2013 through 2018, the U.S. did not become less litigious nor did Atlantic sea surface temperatures get less warm. Yet rates for U.S. excess liability and Atlantic hurricane both reduced, observe the co-founders of UWX.

Commercial 289

Commercial Underwriter Underwriting Liability 289

Insurance Journal

AUGUST 1, 2024

JM Wilson, headquartered in Portage, Michigan, added new members to its transportation underwriting team. Olga Jaquet was promoted to senior transportation underwriter, responsible for underwriting new and renewal commercial transportation risks and working with carrier underwriters and independent insurance agents …

Underwriting 203

Underwriting Underwriter Insurance Agents Insurance Agent 203

Insurance Journal

JULY 14, 2024

The commercial auto insurance segment maintained its place as a weaker-performing U.S. Despite successive periods of pricing and underwriting actions, commercial auto has generated a statutory combined ratio above 100 in 12 of the … property/casualty insurance product line in 2023.

Auto Insurance 263

Auto Insurance Commercial Casualty Insurance Underwriting 263

Insurance Journal

DECEMBER 2, 2024

commercial lines insurance sector for 2025, due partly to the segment’s persistently strong underwriting performance and improved investment returns, which have bolstered operating profitability. AM Best is maintaining its stable market segment outlook on the U.S. Reserve adequacy in the …

Commercial 288

Commercial Commercial Insurance Underwriting Underwriter 288

Insurance Journal

OCTOBER 3, 2024

Starwind Specialty Insurance Services, headquartered in New York City, named Kirk Conrad as chief underwriting officer. Conrad, based in Dallas, has over two decades of experience across multiple industry sectors, spanning roles in commercial and personal lines, risk management and …

Underwriting 214

Underwriting Underwriter Commercial Risk 214

Insurance Journal

JULY 31, 2024

The deconsolidation and divestitures from last year affected AIG’s general insurance underwriting income, … The formal split of its life and retirement business Corebridge Financial resulted in a second quarter net loss of nearly $4 billion for American International Group (AIG).

Underwriting 246

Underwriting Underwriter Insurance Insurer 246

Insurance Journal

NOVEMBER 22, 2024

This edition of International People Moves details appointments at Markel and Generali Global Corporate & Commercial. Markel Taps AEGIS London’s Pressman as Senior Underwriter, Marine Cargo Markel, the insurance operations within Markel Group … A summary of these new hires follows.

Underwriting 246

Underwriting Underwriter Marine Commercial 246

Insurance Journal

OCTOBER 27, 2024

Commercial auto insurance has struggled to achieve underwriting profitability, even before inflationary conditions affected property/casualty lines in recent years. The trend has been accompanied by steady growth in net written premiums (NWP), according to the Insurance Information Institute (Triple-I), an …

Commercial 278

Commercial Auto Insurance Underwriting Underwriter 278

Insurance Journal

DECEMBER 6, 2024

announced three key appointments for its new Commercial Division, which comprises Syndicate 1274 and Bermuda-based Antares Re. Antares announced in November that it was restructuring its underwriting operations by spitting its Bermuda and UK re/insurance businesses … Antares Global Management Ltd.

Commercial 264

Commercial Underwriting Underwriter Insurance 264

Insurance Journal

APRIL 21, 2025

Transatlantic Underwriters, a specialized wholesale brokerage for trucking and transportation insurance, is making a limited move into broader property-casualty coverage. The Marietta, Georgia-based firm, founded in 1989, introduced six new lines of business, including commercial general and excess liability; commercial …

Liability 189

Liability Underwriting Underwriter Commercial 189

Insurance Journal

NOVEMBER 13, 2024

commercial auto insurance segment sustained a $5 billion net loss in 2023, a new AM Best reports indicates further deterioration in the first half of 2024. Despite targeted underwriting initiatives, including raising premiums to match the rising … After the U.S.

Auto Insurance 246

Auto Insurance Commercial Underwriting Underwriter 246

Insurance Journal

NOVEMBER 17, 2024

Commercial auto insurance has struggled to achieve underwriting profitability, even before inflationary conditions affected property/casualty lines in recent years. The trend has been accompanied by steady growth in net written premiums (NWP), according to the Insurance Information Institute (Triple-I), an …

Commercial 245

Commercial Auto Insurance Underwriting Underwriter 245

Insurance Journal

FEBRUARY 11, 2025

Pen Underwriting, the London-based managing general agent, announced a simplified divisional structure to bring together core commercial underwriting capabilities and expertise across the UK and Ireland. Under the central leadership of Sarah Breslin as managing director of the new Commercial …

Underwriting 147

Underwriting Underwriter Commercial Agents 147

Insurance Journal

OCTOBER 2, 2024

Overall agent satisfaction with insurers of both personal lines and commercial lines has held strong despite a challenging underwriting environment, says a new J.D. Power study, with commercial lines satisfaction reaching an all-time high. According to the J.D. Power 2024 …

Agents 290

Agents Commercial Underwriting Underwriter 290

Insurance Journal

FEBRUARY 18, 2025

Encova Insurance, headquartered in Columbus, Ohio, appointed Dawn Colavecchi as commercial lines regional vice president, and Todd Becker as vice president, commercial underwriting office, workers’ compensation. Colavecchi will lead large accounts in the carrier’s large Midwest region, which now includes …

Commercial 195

Commercial Underwriting Underwriter Compensation 195

Insurance Journal

JANUARY 17, 2025

The “gap is closing” between commercial lines and personal lines underwriting results as the insurance industry overall is expected to continue its run of premium growth and improved underwriting results over the next 2 years. According to a report from …

Underwriting 264

Underwriting Underwriter Insurance Industry Commercial 264

Insurance Journal

JULY 14, 2024

By Susanne Sclafane Even though direct loss ratios for commercial auto and other liability lines rose in first-quarter 2024, across all lines U.S. property/casualty insurers posted a net combined ratio of 94 — the best since first-quarter 2007. Translating to …

Casualty Insurance 240

Casualty Insurance Underwriter Underwriting Liability 240

Insurance Journal

OCTOBER 17, 2024

Travelers on Thursday said third quarter net income was $1.26 billion compared to net income of $454 million during the same period a year ago on record net premiums, favorable prior year reserve development, and higher investment income. The New …

Underwriter 264

Underwriter Underwriting Premium Commercial 264

Insurance Journal

JULY 19, 2024

The Travelers Companies, Inc. reported second quarter net income of $534 million, compared to a loss of $14 million during the same time a year ago, thanks to record net premiums of about $11.1 The New York-based insurer posted …

Underwriter 264

Underwriter Underwriting Premium Insurance 264

Insurance Journal

SEPTEMBER 16, 2024

This edition of International People Moves details appointments at Allianz Global Corporate & Specialty SE (AGCS), The Ardonagh Group, and Carbon Underwriting. Lillelund Named CEO of AGCS and Allianz Commercial Allianz Global … A summary of these new hires follows here.

Underwriting 243

Underwriting Underwriter Commercial 243

Insurance Journal

APRIL 8, 2025

Allianz Commercial, headquartered in New York City, expanded its U.S. construction team with five new hires who will join Allianz Commercial’s Master Builder’s Risk team by mid-April. Kristen Hoskinson was appointed executive underwriter team leader for Allianz Commercial. Based in …

Commercial 189

Commercial Underwriting Underwriter Risk 189

Insurance Journal

OCTOBER 20, 2024

Overall agent satisfaction with insurers of both personal lines and commercial lines has held strong despite a challenging underwriting environment, says a new J.D. Power study, with commercial lines satisfaction reaching an all-time high. According to the J.D. Power 2024 …

Commercial 162

Commercial Commercial Insurance Agents Underwriting 162

Insurance Journal

OCTOBER 9, 2024

Munich Re Specialty announced it is entering the Spanish commercial market for primary specialty insurance, with an aim to begin underwriting in 2025. It has set up a Spanish branch of Munich Re Risk Solutions Ireland Ltd., which holds regulatory …

Underwriting 261

Underwriting Underwriter Commercial Insurer 261

Insurance Journal

AUGUST 19, 2024

Houston’s Skyward Specialty Insurance Group announced it is launching an aviation program in partnership with Acceleration Aviation Underwriters. The partnership between Skyward Specialty and Acceleration Aviation introduces a robust program that extends coverage to commercial and general aviation aircraft, fixed …

Underwriting 261

Underwriting Underwriter Commercial Insurance 261

Insurance Journal

FEBRUARY 11, 2025

American International Group reported fourth quarter 2024 net income of $898 million compared to $86 million the prior year, but insurance underwriting income was down 29% on high catastrophe losses. AIG said the dramatic increase in income for the quarter …

Underwriting 147

Underwriting Underwriter Insurer Insurance 147

Insurance Journal

NOVEMBER 14, 2024

Underwriting carrier Emerald Bay Risk Solutions announced a partnership with Vanderbilt Properties Associates, Inc., a risk purchasing group comprising a large portfolio of high-end residential and commercial real estate properties as its members, to launch its inaugural casualty program. The …

Underwriting 245

Underwriting Underwriter Commercial Risk 245

Insurance Journal

JULY 31, 2024

JM Wilson, headquartered in Portage, Michigan, hired Gina Deryas as a transportation renewal underwriter and Brian Bragg as a transportation underwriter. JM Wilson team member Joe Delaney was promoted to transportation underwriter. Deryas is responsible for underwriting renewal commercial transportation …

Underwriting 113

Underwriting Underwriter Commercial 113

Insurance Journal

JULY 15, 2024

Favorable first-quarter economic and underwriting results for property/casualty insurance are in line with projections that the industry will see a small underwriting loss in 2024 and achieve profitability in 2025, according to a report from the Insurance Information Institute (Triple-I) …

Premium 277

Premium Casualty Insurance Underwriting Underwriter 277

Insurance Journal

AUGUST 7, 2024

XPT Specialty, headquartered in New Haven, Connecticut, appointed Tyler Myers as transportation underwriter. Myers has over 10 years of experience as a broker specializing in underwriting commercial automobile risks. He began his career as an associate underwriter at Burns & …

Commercial Automobile 113

Commercial Automobile Underwriting Underwriter Commercial 113

Insurance Journal

NOVEMBER 21, 2024

It is “how” commercial lines carriers execute their underwriting strategies, not “what” lines they write that is key to profitable growth for top performers, according to new research from McKinsey. A section of the consulting firm’s recently published “Global Insurance …

Commercial 147

Commercial Underwriting Underwriter Insurance 147

Insurance Journal

MARCH 12, 2025

12 2025 — Hinterland Insurance (Hinterland) has announced the appointment of Mohmoud Bondugjie as the new Assistant Vice President of General Commercial, a strategic move aligned with the company’s broader restructuring to strengthen its underwriting divisions and enhance … DENVER, Mar.

Commercial 147

Commercial Underwriting Underwriter Insurer 147

Insurance Journal

APRIL 1, 2025

JM Wilson Promotes Staruch, Dodd and Ladik and Re-Hires Snyder-Knutson JM Wilson, headquartered in Portage, Michigan, Natalie Staruch was promoted to executive property & casualty (P&C) underwriter. She underwrites new and renewal commercial risks, working with carrier underwriters and independent …

Underwriting 173

Underwriting Underwriter Commercial Risk 173

Central Insurance

MAY 13, 2025

In this post, Eddie Dreyer, commercial lines staff underwriter at Central Insurance, shares insights on the coverages every company should […] The post What Trucking Insurance Does My Company Need? appeared first on Central Insurance Blog.

Commercial 209

Commercial Underwriting Underwriter Insurer 209

Rough Notes

DECEMBER 2, 2024

Harrington, CPCU If insurance underwriting were a reality television show, commercial auto underwriting would be cast as the ultimate challenge of endurance for the participants. Like haggard, sweat-soaked individuals scrambling to reach the finish line, commercial auto insurance providers, producers, and buyers […]

Auto Insurance 105

Auto Insurance Commercial Underwriting Underwriter 105

Insurance Journal

OCTOBER 29, 2024

increase in P/C underwriting income with a combined ratio of 87.7 Chubb recorded an 11.7% as part of third quarter net income of about $2.2 billion, up 13.8% CEO Evan G. Greenberg said the Whitehouse Station, New Jersey-based insurer is …

Underwriting 264

Underwriting Underwriter Insurance Insurer 264

The Property Insurance Law Observer

JUNE 13, 2024

Certain Underwriters at Lloyd’s, London, et al. 2024), to preserve diversity jurisdiction, the United States District Court for the Southern District of New York permitted a plaintiff insured to drop non-diverse, dispensable defendant Underwriters at Lloyd’s, London (“Underwriters”) which subscribed to a commercial property insurance policy.

Underwriter 130

Underwriter Underwriting Commercial Property Policy 130

Insurance Journal

OCTOBER 21, 2024

million the same period the prior year on underwriting and investments. Third quarter 2024 net income at W.R. Berkley Corp. increased to about $365.6 million compared to $333.6 Net income was a record for the third quarter, the company said.

Underwriting 261

Underwriting Underwriter Commercial 261