All the headlines from our Property Casualty Topic Page, ordered by recency.
May 3 2010 // The acquisition of wholesale insurance broker Colemont Insurance Brokers by its competitor AmWINS Group gives AmWINS entry into international markets for the first time and a bigger presence in Texas, where Colemont is...
Apr 30 2010 // ACE Limited reported from its headquarters in Zurich that net income for the quarter ended March 31, 2010, totaled $755 Million, compared to $567 million in Q1, 2009. Net income was $2.22 per share, compared with $1.69 per...
Apr 30 2010 // The Hartford Financial Services Group, Inc. reported first quarter 2010 net income of $319 million.Property and casualty net income rose $145 million, to $257 million for the first quarter of 2010, compared with $112...
Apr 28 2010 // American International Group (AIG) has “remained relatively stable” thanks in great measure to the more than $180 billion in taxpayer assistance the giant insurer has received since March 2008, according to a...
Apr 27 2010 // A.M. Best Co. announced that it plans to withdraw its Canadian public data (pd) rating assignments on or about August 31, 2010.It will assign a category NR-5 (Not Formally Followed) to the financial strength ratings and an...
Apr 26 2010 // The U.S. property/casualty industry reported a strong fourth quarter topping off a solid year, according to rating analysts.Net income climbed to $31.1 billion in 2009, driven by improved underwriting results, the...
Apr 21 2010 // Bank style regulation on property/casualty insurers would lead to significant policy error, says a leading insurance industry econmist.“Bank style regulation would needlessly raise insurance costs for hundreds of...
Apr 19 2010 // January deal activity started out strong but continued to decline in February and further in March. Nonetheless, first quarter merger and acquisition (M&A) activity bested last year’s first quarter performance...
Apr 19 2010 // McQueary Henry Bowles Troy LLP (MHBT), recently named Fred Pecina and Jeremy Sandusky partners in the agency. Pecina is based in the firm’s Ft. Worth office, and Sandusky works in MHBT’s Dallas office.Pecina,...
Apr 19 2010 // Those in the business of providing liability coverage to doctors, nurses and other health care professionals, may have just found themselves in a perfect storm of opportunity.Health care reform in the United States is a...
Apr 19 2010 // Commercial insurance buyers continue to benefit from lower prices and steady or increasing insurance capacity in property/casualty markets, reports the nation’s largest insurance broker.In its newly published Lockton...
Apr 16 2010 // The original story on the acquisition of Colemont Brokers by AmWINS Group identified the post-merger AmWINS as the largest wholesale broker. But this is only true when considering property/casualty premiums...
Apr 15 2010 // Pacific Gateway Insurance Agency (PGIA), a wholly owned managing general agent/managing general underwriter of National Indemnity Insurance Co. (NICO), a member of the Berkshire Hathaway Group of Insurance Companies, has...
Apr 15 2010 // The American Insurance Association (AIA) says the P/C industry made some positive legislative steps in Maine and Maryland this year, although the trade group says it was disappointed with a Maryland law that will raise the...
Apr 15 2010 // The U.S. property/casualty industry’s profitability as measured by their rate of return on average policyholders’ surplus (or statutory net worth) increased by 5.8 percent in 2009, while private P/C...
Apr 14 2010 // The acquisition of wholesale insurance broker Colemont Insurance Brokers by its competitor AmWINS Group gives AmWINS entry into international markets for the first time and a bigger presence in Texas, where Colemont is...
Apr 13 2010 // The more than 940 property/casualty insurers in Arizona that compete for business add more than $1.2 trillion in assets to the state, that enables Arizonans to drive cars, own homes, protect their property and operate...
Apr 12 2010 // Woodland Hills, Calif.-based Zenith National Insurance Corp. announced that Craig Thomson will be joining its principal operating subsidiary, Zenith Insurance Co., as executive vice president. He will be responsible for...
Apr 8 2010 // The U.S. saw a significant decline in the reported value of insurance industry mergers and acquisitions (M&A) transactions in 2009, and overall global transaction values also declined further from very low 2008 levels,...
Apr 6 2010 // Pennsylvania-based insurance agency franchisor Keystone Insurers Group has more than 200 agency owner-partners and it’s not done yet, says Colin Buzzard, Keystone’s executive vice president of sales and...