All the headlines from our Property Casualty Topic Page, ordered by recency.
Oct 27 2020 // Independent insurance agency Ensurise LLC has merged with the property and casualty insurance brokerage operations of American Heritage Insurance Agency Inc. The merger was effective October 1, 2020.American Heritage...
Oct 27 2020 // There were 170 announced insurance agency mergers and acquisitions during the third quarter of 2020 compared to 173 for the same period in 2019, according to a report from consulting firm OPTIS Partners.The Chicago-based...
Oct 26 2020 // American International Group has disclosed significant leadership changes as well as plans to separate its Life & Retirement business into an independent company.Peter Zaffino, currently AIG’s president and chief...
Oct 19 2020 // If Republican President Donald Trump wins re-election, the property/casualty insurance industry is not likely to see much change from the status quo in Washington.If Democrat Joe Biden wins the presidency, however, the P/C...
Oct 16 2020 // NFP, a New York, N.Y.-headquartered insurance broker and consultant that provides property and casualty (P&C), corporate benefits, retirement and individual solutions, has hired Andrew Pendergast to its P&C...
Oct 16 2020 // Driven by an elevated frequency of events during the quarter, third quarter natural catastrophe losses for the U.S. property/casualty insurance industry will be the largest since the third quarter of 2017, according to...
Oct 12 2020 // NFP, a New York City-based insurance broker and consultant, announced the acquisition of Ernest R. Shaw Ltd. in a transaction that closed on Sept. 1, 2020.Financial details of the deal were not disclosed. ER Shaw, located...
Oct 8 2020 // Claims errors continue to be the most frequent reason that property/casualty insurers are cited by regulators when responding to market conduct complaints or during routine examinations, according to a report by Wolters...
Oct 6 2020 // Cypress Property & Casualty Insurance Co. has promoted Jay Rine to president and new hire, Trevor Hillier will assume the role chief financial officer and treasurer.Rine joined Cypress in 2017, most recently serving as...
Oct 5 2020 // SCOR Global P&C is making a number of changes to its organizational structure to be more responsive on a regional basis, according to SCOR Global P&C CEO Jean-Paul Conoscente, who sent a message to clients on...
Oct 5 2020 // Top 10 Hold 72% of Market: AM BestDespite a highly competitive property/casualty insurance industry and pressures on operating performance, U.S. mutual insurance companies reported continued improvement in underwriting...
Sep 30 2020 // The Church Pension Group (CPG), a financial services organization that serves The Episcopal Church, has appointed Christopher R. Rourke as senior vice president and general manager of The Church Insurance Companies...
Sep 30 2020 // Insurance professionals in the surplus lines sector are busy. Busy adapting to a changing business world during COVID-19. Busy adapting to a changing property/casualty market where standard lines insurers are steadfastly...
Sep 24 2020 // Hong Kong-based Peak Re announced the appointment of Andrew Souter as director of markets responsible for developing the company’s property/casualty reinsurance business. Souter brings with him 18 years of experience...
Sep 23 2020 // Insured losses from Hurricane Sally could reach as much as $3 billion, according to catastrophe modelers, but ratings agency Moody’s expects a moderate impact on property & casualty insurers and...
Sep 22 2020 // Despite a highly competitive property/casualty insurance industry and pressures on operating performance, U.S. mutual insurance companies reported continued improvement in underwriting performance in 2019 and managed to...
Sep 21 2020 // Today’s Agency Partnerships are numerous and offer value and benefits to their members, including independence, growth opportunities, access to markets, profit sharing, perpetuation planning, relationships,...
Sep 20 2020 // MetLife is pursuing a sale of its property/casualty auto and home insurance business, according to a report by analysts following the companyKeefe, Bruyette & Woods (KBW) analysts, Ryan Krueger and Meyer Shields, said...
Sep 17 2020 // Dozens of wildfires raging in California, Oregon, Washington and other Western states have resulted in loss of life, damaged or destroyed about 9,657 homes and commercial structures and burned more than 5 million acres,...
Sep 14 2020 // Update 4:00 pm EST: Louisiana and Mississippi residents were under evacuation orders on Monday as Hurricane Sally churned across the Gulf of Mexico, strengthening to a hurricane ahead of expected landfall on Tuesday, the...