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After qualifying as an actuary, he moved into underwriting at Catlin Syndicate, progressing to Underwriting manager.
Source: https://bernews.com/2023/08/fidelis-strengthens-underwriting-team/
A group of experts gathered during Insurance Journal’s Insuring Cannabis Summit to talk about underwriting and reinsurance and the big picture trends that impact rates, availability, and terms in the insuring cannabis specialty.
Source: https://www.insurancejournal.com/news/national/2023/10/12/743219.htm
And we don’t see any like underlying trends that make us concerned that, that will turn on as just the LTV of this portfolio is extremely low, FICOs are high, and underwriting standards are pretty tight.
Artificial intelligence, or AI, and machine learning, have increasingly integrated into insurtech for risk assessment, pricing, underwriting, fraud detection and customer service.
Source: https://www.insurancejournal.com/magazines/mag-features/2023/12/04/750180.htm
As a result, the reinsurance industry has paid dearly for much of the last decade; underwriting losses drove in global reinsurance losses in 2022.
Source: https://grist.org/economics/as-climate-risks-mount-the-insurance-safety-net-is-collapsing/
As a result, Wolverine’s risk-adjusted capitalization has deteriorated significantly with corresponding increases in the company’s underwriting leverage metrics, AM Best said.
Source: https://www.insurancejournal.com/news/midwest/2023/09/29/742316.htm
A spokesperson said, “Ms Sigle will be responsible for the overall management and strategic direction of the claims function across SiriusPoint’s diverse global underwriting portfolio.
Source: https://bernews.com/2023/02/siriuspoint-appoints-sigle-as-head-of-claims/
“BGRe’s operating performance is characterized by profitable technical results backed by well-established underwriting principles and considerable revenue from ceding commissions and premium from company retentions.
Source: https://bernews.com/2023/02/am-best-affirms-credit-ratings-of-black-gold/
But Athene, like most life insurers, has a high ratio of assets to equity and small investment or underwriting mistakes can lead to big negative consequences.
But I think we've always had good underwriting standards.
Domestic motor insurance makes up the lion's share of its business, and between normalizing claims frequency post-COVID and an inflation-driven rise in claims severity, the macro environment posed a severe headwind to underwriting profitability.
“For 2022, Everen recorded a net loss of $776.7 million, driven by net investment losses of $524.8 million, net underwriting losses of $229.2 million and general and administrative expenses of $22.7 million.
Source: https://bernews.com/2023/03/everen-holds-board-annual-general-meeting/
Further, the company provides corporate and investment banking, retail and wholesale brokerage, securities underwriting, and investment advisory services.
Given the outperformance of oil relative to gas, it's even more accretive to us today than it was at the time of underwriting.
Governments would be overstretched, daily life would grind to a halt time and again — even if briefly — and insurers would have to stop underwriting many of society’s crucial functions.
Gutsy efforts are underwriting the Wild's league-best 16-1-4 surge since Feb. 17, but their signature performance came Wednesday at Colorado.
Heading into the January 2024 renewals, Guy Carpenter believes “demand for reinsurance will grow with reinsurers’ willingness to deploy capital also increasing, although underwriting discipline will not subside.
Source: https://www.insurancejournal.com/news/international/2023/09/21/741259.htm
He joined Chubb in 2013 as a Professional Associate in the North America Financial Lines Division and has also served in various underwriting roles.
Source: https://bernews.com/2023/02/chubb-climate-leadership-appointments/
Hiscox, the specialist global insurer, has collaborated with Google Cloud to create the first AI-enhanced lead underwriting model in the London market insurance industry.
Source: https://www.insurancejournal.com/news/international/2023/12/12/751635.htm
His depth of knowledge and expertise will support the delivery of our strategic goals, our commitment to our reinsurers, and our continued focus on performance and value creation across our underwriting portfolio.”
Source: https://www.insurancejournal.com/news/international/2023/07/28/732646.htm