All the headlines from our Property Casualty Topic Page, ordered by recency.
Mar 9 2012 // The Bermuda-based Armour Group announced the formation of a new ILS [Insurance Linked Strategies- more commonly ‘securities’] focused asset manager to “target unique opportunities for uncorrelated returns...
Mar 6 2012 // The Norman-Spencer Agency, based in Dayton, Ohio, announced it is rebranding all of the agency’s property and casualty products to market them under the Norman-Spencer Agency brand. During the past five years,...
Mar 5 2012 // Warren E. Buffett thinks that among large insurance operations, those owned by his Berkshire Hathaway are the “best in the world.”Buffett is chairman of the board of Berkshire Hathaway, which owns Berkshire...
Mar 5 2012 // With interest rates low and looking like they will stay low for some time, property/casualty insurance companies will have to focus on making their profit on underwriting rather than on investments.However, P/C insurers...
Mar 5 2012 // Hedge fund manager John Paulson — who holds an 8.4 percent stake in The Hartford and is the biggest stakeholder in the company — wants to split up the 202-year-old insurer, and he’s intensifying his effort. On...
Mar 1 2012 // A report on Arizona’s property/casualty insurers issued on Thursday shows a drop in written premiums to $7.4 billion, and a large increase in losses incurred to $6.4 billion for 2010.The report, from the Arizona...
Mar 1 2012 // State Farm lost $4.5 billion on its property/casualty underwriting in 2011 – which is $1.3 billion more than it lost in 2010. The Bloomington, Illinois-based mutual insurer cited catastrophe claims as the main reason for...
Mar 1 2012 // Companion Property & Casualty Insurance Group of Columbia, S.C., has named Robert C. Rhodes vice president and chief operating officer.Rhodes will be responsible for claims operations, third-party administrative...
Feb 29 2012 // The launch of a real-time commercial lines rater that gives agents access to a handful of large carriers was announced today by a division of Networked Insurance Agents.MyNTrack, a division of Grass Valley, Calif.-based...
Feb 27 2012 // Warren E. Buffett thinks that among large insurance operations, those owned by his Berkshire Hathaway are the “best in the world.”Buffett is chairman of the board of Berkshire Hathaway, which owns Berkshire...
Feb 24 2012 // Catastrophe claims and write downs on investments in sovereign bonds and banks were behind the profit fall revealed by Allianz, Europe’s biggest insurance group. On Thursday it reported net income of €2.804 billion...
Feb 24 2012 // Ironshore Inc. has opened a property/casualty production center in Boston dedicated to the insurance wholesale market, the company said.The new center will focus on serving the East Coast, including New England, New York,...
Feb 24 2012 // With interest rates low and looking like they will stay low for some time to come, property/casualty insurance companies will have to focus on making their profit on underwriting rather than on investments.However, P/C...
Feb 23 2012 // Swiss Re reported net income of $2.6 billion for the full-year 2011, despite what it described as “an exceptional natural catastrophe burden” – a strong performance compared to the $863 million reported for...
Feb 22 2012 // The keynote speaker told the professional liability insurance underwriters that regulation is not the enemy of business growth, the plaintiffs’ bar is their ally, deleveraging of financial institutions is a good...
Feb 20 2012 // The Hartford Financial Services Group’s biggest stakeholder is not happy with its stock price and wants The Hartford CEO Liam McGee to do “something drastic,” including splitting up the company’s...
Feb 20 2012 // Hartford Financial Services Group reported $127 million for its 2011 fourth-quarter net income, down 79 percent from one year ago. Results were dragged down by higher net capital losses and current and prior-year reserve...
Feb 20 2012 // North Carolina-based BB&T Corp. is buying the property/casualty and life insurance units of Roseland, N.J.- based insurance wholesaler Crump Group.BB&T said it will pay $570 million in cash for Crump...
Feb 20 2012 // Woodland Hills, Calif.-based Poms & Associates Insurance Brokers Inc. has named Robert Mahl senior vice president of its property/casualty group in the firm’s Woodland Hills office.Mahl was previously vice...
Feb 17 2012 // Keystone Insurers Group, a franchisor of insurance agencies headquartered in Northumberland, Penn., promoted industry veteran Barbara Kressler to vice president of its risk solutions division. Barbara Kressler In her new...