Insurance Journal

JULY 23, 2024

Carbon Underwriting Ltd., the London-based managing general underwriter and Lloyd’s syndicate CBN 4747, announce that Lloyd’s has granted in principle approval for the launch of Syndicate 5757, effective Jan. This marks a significant milestone for the company as …

Underwriter 224

Underwriter Underwriting 224

Insurance Journal

NOVEMBER 12, 2024

Envelop Risk, the reinsurance managing general agent and analytics specialist, announced the launch of Envelop Underwriting, which will encompass all existing cyber underwriting activities: Envelop Risk Bermuda and Envelop at Lloyd’s, including the Envelop Risk SPA 1925. Dom Peters has …

Underwriter 188

Underwriter Underwriting Risk Cyber 188

Insurance Journal

AUGUST 13, 2024

Hiscox, the global specialist insurer, has launched the London insurance market’s first lead underwriting platform enhanced by generative AI, aiming to provide sabotage and terrorism insurance quotes to customers faster and more efficiently than ever before. Initially developed as a …

Underwriter 244

Underwriter Underwriting Insurance Quotes Insurance 244

Insurance Journal

JULY 12, 2024

Illinois-based specialty insurance broker Origin Specialty Underwriters Agency announced it has acquired Agricultural Insurance Management Services (AIMS), an agribusiness insurance-focused managing general underwriter based in Bow, New Hampshire. AIMS does most of its business in the Mid-Atlantic and East Coast …

Underwriter 221

Underwriter Underwriting Insurance Broker Broker 221

Insurance Journal

OCTOBER 4, 2024

Ryan Specialty, headquartered in Chicago, named new leadership within its specialty underwriting segment, Ryan Specialty Underwriting Managers (RSUM). Eric Quinn was promoted to executive vice president – capital and product strategy. Quinn joined RSUM through the acquisition of All Risks …

Underwriter 229

Underwriter Underwriting Risk 229

Insurance Journal

SEPTEMBER 26, 2024

Alera Group announced the acquisition of Insurance Underwriters Ltd., a Louisiana-based insurance agency offering risk management and insurance solutions including business insurance, surety bonds, personal insurance and employee benefits. IUL provides customizable insurance solutions designed to keep businesses competitive and …

Underwriter 229

Underwriter Underwriting Insurance Agency Insurance 229

Insurance Journal

SEPTEMBER 4, 2024

The Clear Group, the London-based independent insurance broker, announced the acquisition of the managing general agency, Accelerate Underwriting. Established in 2015, Accelerate Underwriting is a … Financial terms of the deal, which is its fourth involving an MGA, were not disclosed.

Underwriter 212

Underwriter Underwriting Insurance Broker Broker 212

Insurance Journal

OCTOBER 21, 2024

Pen Underwriting has relaunched its cyber proposition for large corporate clients with a comprehensive rebuild that sees it re-enter primary cover for this end of the market, double its excess of loss (XOL) limit and introduce a significantly broader risk …

Cyber 230

Cyber Underwriter Underwriting Risk 230

Insurance Journal

DECEMBER 4, 2024

property/casualty industry posting a nine-month 2024 underwriting profit of $4.1 Growth in net earned premiums outpaced a slight increase in losses and loss adjustment expenses to result in the U.S. billion versus a loss of $32.1 billion last year. According …

Underwriter 241

Underwriter Underwriting Premium 241

Insurance Journal

AUGUST 29, 2024

property/casualty insurance industry recorded a net underwriting gain of $3.7 billion and net income of $94.6 billion for the first-half of 2024, according to a new report. “After years of consistent losses, premium growth is helping the overall …

Insurance Industry 253

Insurance Industry Underwriter Underwriting Casualty Insurance 253

Insurance Journal

SEPTEMBER 15, 2024

For MGAs and wholesaler underwriters, the traditional challenges of navigating multiple carrier websites, re-entering data, and … This post is part of a series sponsored by Selectsys. In the fast-paced world of insurance, efficiency, accuracy, and speed are vital to success.

Underwriter 210

Underwriter Underwriting Insurance Insurer 210

Insurance Journal

JANUARY 7, 2025

Ryan Specialty, a specialty insurance services firm and trading partner for agents and brokers, plans to acquire Nashville-based Velocity Risk Underwriters, with a closing date early this year. Velocity Risk, providing coverage for catastrophe-exposed properties, is a managing general underwriter …

Underwriter 194

Underwriter Underwriting Risk Broker-Agent 194

Insurance Journal

AUGUST 16, 2024

headquartered in Houston, named four new regional vice presidents and two new underwriters. Skyward Specialty Insurance Group, Inc., Skyward Specialty named Gregg Callahan regional vice president in its northeast region in New England. Callahan spent the last 27 years at …

Underwriter 242

Underwriter Underwriting Insurance Insurer 242

Insurance Journal

AUGUST 29, 2024

Paula Cooley joined Graham-Rogers Insurance, headquartered in Bartlesville, Oklahoma, as a transportation new business underwriter. Cooley will focus on garage and transportation commercial auto. She has over 40 years of property and casualty experience, most recently serving as senior transportation/garage …

Underwriter 246

Underwriter Underwriting Commercial Insurance 246

Insurance Journal

SEPTEMBER 4, 2024

As litigation and regulation increase around per- and polyfluoroalkyl substances (PFAS), insurance underwriting is tightening across lines. Insurance professionals who specialize in PFAS say insurers are mandating coverage exclusions and, in some cases, declining to write liability policies at all …

Underwriter 221

Underwriter Underwriting Liability Policy 221

Insurance Journal

JANUARY 7, 2025

and its subsidiaries have agreed to purchase London Aviation Underwriters Inc. Core Specialty Insurance Holdings Inc. LAU), in a stock and cash transaction. Financial details of the deal, which is expected to close early in 2025, were not disclosed. Upon …

Underwriter 182

Underwriter Underwriting Insurance Insurer 182

Insurance Journal

OCTOBER 3, 2024

In today’s fast-paced insurance industry, precision in underwriting is not just a requirement—it’s a critical factor in maintaining competitiveness and ensuring profitability. This post is part of a series sponsored by Selectsys. As the insurance landscape continues to evolve, traditional …

Underwriter 250

Underwriter Underwriting Insurance Industry Insurance 250

Insurance Journal

NOVEMBER 4, 2024

American International Group saw third quarter underwriting income in its general insurance segment fall 28% to $437 million due to higher catastrophe losses and lower favorable development on prior year reserves. The insurer’s third quarter net income attributable to common …

Underwriter 218

Underwriter Underwriting Insurance Insurer 218

Insurance Journal

SEPTEMBER 5, 2024

The combined ratio, which is a key measure of underwriting profitability, … The Lloyd’s insurance and reinsurance market reported overall profit before tax of £4.9 billion (US$6.4 billion), a 25.6% increase from the £3.9 billion (US$5.1 billion) reported during H1 2023.

Underwriter 231

Underwriter Underwriting Insurance Insurer 231

Insurance Journal

SEPTEMBER 16, 2024

billion profit from underwriting for the U.S. A turnaround in the personal lines insurance segment results was a key driver of an overall $3.8 property/casualty insurance industry, according to a new report from AM Best. Best’s Special Report, titled, “First …

Underwriter 220

Underwriter Underwriting Casualty Insurance Insurance Industry 220

Insurance Journal

AUGUST 18, 2024

billion underwriting loss in 2023, more than double the loss in the previous year and the line’s worst underwriting results since at least 2000, according to a new AM Best report. homeowners insurance segment suffered a $15.2 The …

Underwriter 218

Underwriter Underwriting Insurance Insurer 218

Insurance Journal

OCTOBER 3, 2024

Ryan Specialty, the Chicago-based international specialty insurance firm, announced it has completed the acquisition of certain assets of the European managing general agent, Geo Underwriting Europe BV (Geo Europe), part of The Ardonagh Group. The deal was completed on Oct.

Underwriter 206

Underwriter Underwriting Agents Insurance 206

Insurance Journal

SEPTEMBER 19, 2024

With the vast majority (91 percent) of insurance companies already investing in AI or planning to in the next five years, it’s not surprising that nearly 7 in 10 actuaries and underwriters are worried about being replaced by artificial intelligence, …

Underwriter 226

Underwriter Underwriting Insurance Companies Insurance 226

Insurance Journal

AUGUST 18, 2024

P/C insurance industry overall in 2024, signifying a return to underwriting profitability for the first time since 2021. By Susanne Sclafane S&P Global Market Intelligence is forecasting a combined ratio of 99.2 for the U.S. According to the analysis, private …

Underwriter 216

Underwriter Underwriting Insurance Industry Insurance 216

Insurance Journal

DECEMBER 19, 2024

With a “silver tsunami” of skilled underwriters eligible to retire in coming years and a shift in employee expectations, recruitment and retention is a critical focus for the insurance industry right now, said experts during a November webinar hosted by …

Underwriter 219

Underwriter Underwriting Insurance Industry Insurance 219

Insurance Journal

SEPTEMBER 4, 2024

Real-time rating and quoting have emerged as game changers for underwriters, enabling them to provide quick and precise quotes that … This post is part of a series sponsored by Selectsys. In the fast-paced insurance industry, efficiency and accuracy are paramount.

Underwriter 209

Underwriter Underwriting Insurance Industry Insurance 209

Insurance Journal

NOVEMBER 11, 2024

In today’s fast-paced insurance market, underwriters and wholesalers face increasing pressure to streamline operations, reduce manual processes, and enhance efficiency across multiple lines of business (LOBs). This post is part of a series sponsored by Selectsys. Whether it’s General Liability, …

Underwriter 210

Underwriter Underwriting General Liability Liability 210

Insurance Journal

NOVEMBER 26, 2024

Oak Reinsurance (OAK Re), the London-based reinsurance company, announced that its Lloyd’s Syndicate 2843 has received permission to begin underwriting business incepting from Jan. This follows the approval in principle that was received in September 2024. OAK Re …

Underwriter 209

Underwriter Underwriting 209

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 …

Underwriter 182

Underwriter Underwriting Insurance Agent Insurance Agents 182

Insurance Journal

JULY 24, 2024

Encova Insurance, headquartered in Columbus, Ohio, named Michelle Shaver as senior vice president, small business, commercial lines, and Carrie Lowe as vice president, package lines underwriting. Shaver most recently was a small business leader for Chubb Insurance. She also previously …

Underwriter 217

Underwriter Underwriting Commercial Insurance 217

Insurance Journal

OCTOBER 16, 2024

This edition of International People Moves details appointments at Aon and Ryan Specialty Underwriting Managers International. A summary of these new hires follows here. Aon Announces New Senior Leadership Roles in U.S. Reinsurance Solutions Team Insurance broker Aon plc announced …

Underwriter 217

Underwriter Underwriting Insurance Broker Broker 217

Insurance Journal

SEPTEMBER 13, 2024

She works with carrier underwriters and independent insurance agents in Michigan and Texas. JM Wilson, headquartered in Portage, Michigan, promoted several team members in its home office. Kristin Bolhuis was promoted to property and casualty manager. She began her career …

Underwriter 172

Underwriter Underwriting Insurance Agent Insurance Agents 172

Insurance Journal

DECEMBER 17, 2024

JM Wilson, headquartered in Portage, Michigan, promoted several team members and made new hires to its underwriting team. Priya Albert was promoted to property and casualty underwriter. Albert works with carrier underwriters and independent insurance agents in Georgia, North Carolina, …

Underwriter 168

Underwriter Underwriting Insurance Agent Insurance Agents 168

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 …

Underwriter 186

Underwriter Underwriting Commercial Risk 186

Insurance Journal

SEPTEMBER 8, 2024

Real-time rating and quoting have emerged as game changers for underwriters, enabling them to provide quick and precise quotes that … This post is part of a series sponsored by Selectsys. In the fast-paced insurance industry, efficiency and accuracy are paramount.

Underwriter 187

Underwriter Underwriting Insurance Industry Insurance 187

Insurance Journal

SEPTEMBER 22, 2024

For MGAs, wholesalers, and carriers, managing the complexities of underwriting, quoting, and data extraction can be overwhelming, especially when … This post is part of a series sponsored by Selectsys. In the fast-paced world of insurance, efficiency and accuracy are paramount.

Underwriter 194

Underwriter Underwriting Insurance Insurer 194

Insurance Journal

AUGUST 7, 2024

In the insurance industry, managing general agents (MGAs), managing general underwriters (MGUs), and program administrators (PAs) fill a critical role in facilitating the distribution and administration of specialized insurance products. This post is part of a series sponsored by Dyad.

Underwriter 199

Underwriter Underwriting Agents Insurance Industry 199