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 243

Underwriter Underwriting General Liability Liability 243

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 264

Underwriter Underwriting Insurance Agency Insured 264

Insurance Journal

AUGUST 1, 2024

Geo Underwriting, the managing general agency and subsidiary of Ardonagh Advisory, announced it will acquire Navigators & General (N&G) from Zurich UK. Financial details of the deal were not disclosed. Founded in 1921 by Captain William Coombs, a merchant navy …

Underwriter 264

Underwriter Underwriting Insurance Insurer 264

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 260

Underwriter Underwriting Agents Insured 260

Insurance Journal

JULY 29, 2024

billion underwriting loss in 2023, more than double the loss seen 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

Underwriter 312

Underwriter Underwriting Insured Insurance 312

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 264

Underwriter Underwriting 264

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 263

Underwriter Underwriting Insurance Broker Broker 263

Insurance Journal

NOVEMBER 13, 2024

Executive summary: When actual prices line up with technical prices, insurers expect underwriting profits to emerge. But what if underwriters find ways to adjust technical prices downwards? In the second part of a two-part series, Tony Buckle and John Carolin, …

Underwriter 130

Underwriter Underwriting Insured Insurance 130

Insurance Journal

SEPTEMBER 3, 2024

Ryan Specialty, the Chicago-based international specialty insurance firm, announced it has signed a definitive agreement to acquire certain assets of the European managing general agent Geo Underwriting Europe BV (Geo Europe), part of London-based Ardonagh Group. Terms of the transaction …

Underwriter 290

Underwriter Underwriting Agents Broker-Agent 290

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 288

Underwriter Underwriting Insurance Quotes Insured 288

Insurance Journal

OCTOBER 6, 2024

By Allen Laman 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 …

Underwriter 234

Underwriter Underwriting Liability Insured 234

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 263

Underwriter Underwriting Liability Policy 263

Insurance Journal

OCTOBER 14, 2024

In the complex world of Workers’ Compensation and General Liability (GL) insurance, underwriters face the challenge of managing diverse carrier systems while ensuring compliance and maintaining efficiency. This post is part of a series sponsored by Selectsys. To overcome these …

Underwriter 130

Underwriter Underwriting Workers Compensation Compensation 130

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 263

Underwriter Underwriting Casualty Insurance Insurance Industry 263

Insurance Journal

SEPTEMBER 4, 2024

Sam Rector joined the Nashville office as underwriting team leader. CRC Group, a wholesale specialty insurance distributor with headquarters in Birmingham, Alabama, has added new faces to its team in the Southeast. He has spent almost 10 years in the …

Underwriter 264

Underwriter Underwriting Insured Insurance 264

Insurance Journal

NOVEMBER 4, 2024

This edition of International People Moves details appointments at Aon Underwriting Managers and Lloyd’s of London. Aon Underwriting Managers Appoints LSM’s Clapham as CUO Aon plc, the global professional services firm, announced … A summary of these new hires follows here.

Underwriter 237

Underwriter Underwriting 237

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 272

Underwriter Underwriting Insurance Companies Insured 272

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 264

Underwriter Underwriting Insurance Agent Insurance Agents 264

Insurance Journal

JULY 23, 2024

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

Underwriter 290

Underwriter Underwriting Auto Insurance Insurance Industry 290

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 278

Underwriter Underwriting Insured Insurance 278

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 242

Underwriter Underwriting Insurance Industry Insured 242

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 246

Underwriter Underwriting Insurance Industry Insured 246

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 278

Underwriter Underwriting Commercial Insured 278

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 263

Underwriter Underwriting Insurance Broker Broker 263

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 278

Insurance Industry Underwriter Underwriting Casualty Insurance 278

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 264

Underwriter Underwriting Insured Insurance 264

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 246

Underwriter Underwriting Insured Insurance 246

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 246

Underwriter Underwriting Insurance Industry Insured 246

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 264

Underwriter Underwriting Insurance Industry Insured 264

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 278

Underwriter Underwriting Commercial Risk 278

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 264

Underwriter Underwriting Commercial Insurance Agent 264

Insurance Journal

SEPTEMBER 15, 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 241

Insurance Industry Underwriter Underwriting Casualty Insurance 241

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).

Underwriter 245

Underwriter Underwriting Insured Insurance 245

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 243

Underwriter Underwriting Insured Insurance 243

Insurance Journal

SEPTEMBER 24, 2024

In the ever-evolving insurance industry, data analysis has become a cornerstone of the underwriting process. By leveraging data, underwriters can make more informed decisions, assess risks more accurately, and improve … This post is part of a series sponsored by Selectsys.

Underwriter 130

Underwriter Underwriting Insurance Industry Risk 130

Insurance Journal

OCTOBER 21, 2024

Applied Underwriters Aerospace, headquartered in Atlanta, has named Richard Parker as chairman of the Washington, D.C.-based Before joining Applied Underwriters, he … based group. Parker has over 35 years of experience in space insurance, satellite engineering and satellite and launch vehicle procurement.

Underwriter 130

Underwriter Underwriting Insured Insurance 130

Insurance Journal

NOVEMBER 22, 2024

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

Underwriter 147

Underwriter Underwriting Marine Commercial 147