All the headlines from our Property Casualty Topic Page, ordered by recency.
May 19 2008 // U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $3.35 billion for first-quarter property losses resulting from nine catastrophes.The nine events identified as catastrophes by the...
May 19 2008 // PeopleOhio-based Westfield Insurance appointed Diane Weidrick as executive, commercial lines services. Her responsibilities will include managing the lifecycle of Westfield’s commercial and specialty lines insurance...
May 16 2008 // Appleton, Wis.-based Integrity Mutual Insurance Company recently named Darin L. Kath as president-designate, effective June 2.Richard J. Schinler, current president and chief executive officer, will retire after 25 years...
May 8 2008 // France’s AXA Group, Europe’s second-biggest insurer, said first-quarter group sales fell 2.7 percent to €28.066 billion ($43.46 billion) with turnover hurt by adverse foreign exchange rates and the credit...
May 5 2008 // Patrick G. Ryan, founder and executive chairman Aon Corp., said he intends to retire Aug. 1, 2008. Ryan said the firm’s transition to a new management team under CEO Greg Case is complete.Ryan founded Aon, which has...
May 5 2008 // Insurance equity analysts expect a significant increase in property/casualty mergers and acquisitions this year, according to findings of a global survey by Accenture.More than two-thirds (71 percent) of all P/C analysts...
May 5 2008 // Liberty Mutual Group has agreed to acquire all outstanding shares of common stock of Safeco Corp. for $68.25 per share in cash in a deal that will make Liberty Mutual the fifth largest U.S. property/casualty insurer and...
May 2 2008 // A report from Standard & Poor’s Ratings Services analyzes the catastrophe bond and reinsurance sidecar markets, which, S&P concludes, have “experienced sharp surges of activity after 2005.”...
May 1 2008 // The Hanover Insurance Group, Inc. in Worcester, Mass., reported a drop in net income, an increase in commercial lines business and higher losses on personal lines for the first quarter of 2008.The company’s net...
Apr 29 2008 // U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $3.35 billion for first-quarter property losses resulting from nine catastrophes.The nine events identified as catastrophes by the...
Apr 29 2008 // Enforcement actions taken by Texas Insurance Commissioner Mike Geeslin that became final during March include five license revocations, four license denials, and fines and restitution totaling $130,400.Copies of...
Apr 24 2008 // Hilb Rogal & Hobbs Company (NYSE:HRH) reported total revenues were up 4.4 percent for first quarter 2008 over the same period in 2007, but net income for the first quarter decreased 38.5 percentHRH reported that total...
Apr 24 2008 // Zurich Financial Services Group announced that it has signed agreements to acquire a 50 percent stake in Spain’s Caixa d’Estalvis de Sabadell’s life and general insurance companies, CaixaSabadell Vida,...
Apr 23 2008 // Liberty Mutual Group has agreed to acquire all outstanding shares of common stock of Safeco Corp. for $68.25 per share in cash in a deal that will make Liberty Mutual the fifth largest U.S. property/casualty insurer and...
Apr 22 2008 // Main Street independent insurance agents could take a bigger hit than their larger counterparts as an economic recession lands on top of the soft market.The soft market coinciding with a bad economy is a real challenge for...
Apr 22 2008 // Bill Pollock is passionate about protecting directors of companies.The Dartmouth College and University of Virginia law school graduate has been a director and a CEO, and understands from both sides the position company...
Apr 21 2008 // The Main Street America Group board of directors promoted two and appointed two to officer-level positions.The Jacksonville, Fla.-based company promoted John Thompson to vice president, operational controller and Dean...
Apr 21 2008 // P/C Consolidation“The logic of consolidation within the property and casualty industry, particularly in North America, may be gaining favor as the economy slows and as rates soften. However, our research suggests...
Apr 21 2008 // American International Group, Inc. has renamed its Domestic General Insurance operations the AIG Property Casualty Group, a move the company said reflects AIG’s corporate brand and an intention to provide a clearer...
Apr 21 2008 // Premium volume may be down for independent agencies across the country but that doesn’t mean agency revenue is down for some of the nation’s top performing agencies. Diversifying an agency’s revenue...