All the headlines from our Property Casualty Topic Page, ordered by recency.
Mar 17 2010 // Standard & Poor’s Ratings Services has assigned its ‘BBB’ issue rating to Hartford Financial Services Group Inc.’s (HIG) proposed $1.1 billion senior debt offering. S&P assigned a...
Mar 16 2010 // Zurich Financial Services is actively talking with sovereign wealth fund China Investment Corp and major steelmaker Baosteel on fundraising plans for their venture New China Life Insurance, a Zurich Financial executive...
Mar 16 2010 // Even though they are largely excluded from the federal financial regulatory overhaul proposed in the Senate, property/casualty insurers say there are some elements they fear could negatively affect them and their...
Mar 7 2010 // Boston-based medical liability insurer ProMutual Group has hired Diane Corjulo as a risk management consultant. Corjulo, a registered nurse, has broad acute care hospital experience and physician office practice expertise....
Mar 7 2010 // Top 100 Agency Profile Agency Name: Mesirow Financial Services Inc. Headquarters: Chicago, Ill. Year Founded: 1937 2008 Total Premium Volume: $1.4 billion Property/Casualty: $397.5 million Other than P/C: $1.0 billion %...
Mar 5 2010 // Based on preliminary analysis, Fitch Ratings said it believes that the Chilean P/C insurance industry “will likely be able to absorb losses from the earthquake and Tsunami that hit the central-south part of Chile on...
Feb 26 2010 // Germany’s Allianz Group posted preliminary figures for 2009, indicating that its net income rose by 13.2 percent to €4.7 billion [$6.4 billion]. Revenues were up up 5.2 percent to €97.4 billion [$132.5...
Feb 24 2010 // XL Insurance has appointed Seraina Maag as chief executive of its North America Property & Casualty (P&C) unit.Maag most recently headed the Zurich North America Commercial, Specialties Business Unit, managing all...
Feb 23 2010 // Peel & Holland Financial Group, based in Benton, Ky., has become the newest Kentucky partner within Keystone Insurers Group (KIG), the nation’s sixth largest privately-held property/casualty agency. Peel &...
Feb 21 2010 // Leading into 2009, agencies were at a crossroads; uncertain of whether to sell, buy, or implement new or improved organic growth strategies. The path was uncertain, but it was widely believed that market, economic and...
Feb 12 2010 // Bermuda-based PartnerRe Ltd. Has announced organizational changes, following the acquisition of PARIS RE. The Company said it would “maintain its existing business unit-based operating structure, consisting of three...
Feb 12 2010 // Louisiana Insurance Commissioner Jim Donelon announced that the Department of Insurance helped Louisiana insurance consumers to recover $8.2 million in insurance payments last year.The recovered funds result from insurance...
Feb 11 2010 // A.M. Best Co. has revised the outlook to stable from negative and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of CNA Insurance Companies...
Feb 3 2010 // ACE Limited reported net income for the quarter ended December 31, 2009, of $953 million, or $2.81 per share, compared with $0.06 per share for the same quarter last year.For the full year ACE reported net income of $2.549...
Jan 26 2010 // Limestone Insurance, Lexington Insurance Agency, Inc., Durrett Insurance and Insuramax have joined Keystone Insurers Group (KIG), bringing KIG’s number of agencies in Kentucky to six. Keystone is the nation’s...
Jan 24 2010 // In today’s challenging economic environment, property/casualty brokers are struggling to thrive. Toss in management of increasingly complex employee benefits, and many agents now work harder and earn less. With...
Jan 13 2010 // The Texas Property and Casualty Insurance Guaranty Association has appointed Gerald Ladner to vice chair of its Board of Directors. His term runs through Dec. 31, 2011. Ladner, a resident of Austin, is the regional...
Jan 12 2010 // C.M. Moore Insurance of Bowling Green and Al Torstrick Insurance of Lexington will be the first franchises in Kentucky for Keystone Insurers Group (KIG), the nation’s sixth largest privately-held property/casualty...
Jan 10 2010 // An insurance company has won a victory over one of its former West Virginia agents who claimed the insurer violated state antitrust law when it cancelled his contracts to sell its life and property/casualty products.The...
Jan 7 2010 // Liberty Mutual Group, through its wholly owned subsidiary Liberty Insurance Company Limited (LICL), has been granted approval to establish a branch in Zhejiang by the China Insurance Regulatory Commission (CIRC).Liberty...