All the headlines from our Property Casualty Topic Page, ordered by recency.
Feb 22 2023 // This edition of International People Moves details appointments at Swiss Re, MS Reinsurance, and Aon.A summary of these new hires follows here. Swiss Re Promotes Ningen to CEO, US P&C ReMonica Ningen has been named CEO...
Feb 20 2023 // Just days after some 90,000 policies from troubled United Property & Casualty Insurance Co. were transferred to Slide Insurance as part of a wind-down of the carrier, it was announced that UPC is officially broke and...
Feb 7 2023 // This edition of International People Moves details appointments at the brokers Howden Tiger, Aon and Miller.A summary of these new hires follows here. Howden Tiger Taps Carpenter’s Smith, Aon’s Walsh for...
Feb 1 2023 // One year after Slide Insurance made waves by taking over thousands of policies from a troubled Florida carrier, the young company has done it again.The Florida Office of Insurance Regulation on Tuesday signed a consent...
Jan 24 2023 // Managing general agent At-Bay said it has acquired an excess and surplus lines insurer licensed in 44 states from XL Insurance America to now become a full-stack carrier.“This milestone will allow us to accelerate...
Jan 20 2023 // Kerton Insurance Office of America has hired Kevin Kerton to its property and casualty division in Bonita Springs, Florida. As a commercial lines risk advisor, Kerton will focus primarily on construction and...
Dec 15 2022 // Insurance Journal is once again searching for the nation’s leading independent agents and to become part of the annual Top Property/Casualty Agent listing.Be recognized as an industry leader among the nation’s...
Dec 15 2022 // Munich Reinsurance America Inc. announced the retirement of Anthony J. Kuczinski as chief executive officer of Munich Re US P&C Companies and of Munich Re US Holding Inc., effective Dec. 31, 2022, with an agreed change...
Dec 6 2022 // High claims inflation and rising reinsurance costs are among the factors that prompted analysts at Moody’s Investors Service to change their outlook for the global property/casualty sector from stable to negative,...
Dec 5 2022 // The U.S. property/casualty industry posted a combined ratio of about 106.6 in the third quarter — the highest in five years, according to an analysis by S&P Global Market Intelligence.“In addition to the...
Nov 23 2022 // The U.S. property/casualty industry posted a combined ratio of about 106.6 in the third quarter – the highest in five years, according to an analysis by S&P Global Market Intelligence.“In addition to the...
Nov 18 2022 // Third-quarter 2022 marked the 20th consecutive quarter of increased premiums for commercial property/casualty, according to the latest report from the Council of Insurance Agents and Brokers (CIAB).The average premium...
Nov 9 2022 // This post is part of a series sponsored by AgentSync. State by state variations of laws, compliance protocols, industry transparency, and general regulatory cultures can lend one the impression that keeping up with...
Oct 31 2022 // Universal Insurance Holdings Inc., the parent company of Universal Property & Casualty Insurance Co., Florida’s second-largest carrier, posted a $72 million loss for the third quarter of this year. That’s...
Oct 26 2022 // In spite of incurring nearly $1 billion in pre-tax net losses from Hurricane Ian, Chubb reported a combined ratio of 93.1 for the third quarter of 2022, representing $710 million in underwriting income.Property/casualty...
Oct 18 2022 // AXA announced that AXA Spain has entered into exclusive negotiations to acquire Groupe Assurances du Crédit Mutuel España (GACM España), a Spanish property/casualty and health insurer.Under the terms of the transaction,...
Oct 18 2022 // U.S. Treasury on Tuesday said it was proposing a new rule to collect data on climate-related risks from property and casualty insurers, one of the first concrete actions in a new push to beef up financial regulation to...
Oct 17 2022 // With rising inflation and the prospect of a recession on the horizon, the present macroeconomic environment is forcing property/casualty underwriters to adapt to new technologies and sources of data. All the while,...
Oct 14 2022 // A federal judge has dismissed a lawsuit against United Property & Casualty Insurance Co. and its adjusters, a closely watched legal action that charged the insurer had violated anti-racketeering laws to systematically...
Oct 13 2022 // With rising inflation and the prospects of a recession on the horizon, the present macroeconomic environment is forcing property/casualty underwriters to adapt to new technologies and sources of data. All the while,...