All the headlines from our Property Casualty Topic Page, ordered by recency.
Jan 11 2006 // The year 2005 is looking like it was a relatively good one with solid financial news for property casualty insurers overall, despite record catastrophe losses, and 2006 could bring even better news, according to analysts...
Jan 9 2006 // In a recently issued study “Insurance Industry Risk Analysis: Italy (Republic of),” Standard & Poor’s Ratings Services said it is maintaining its stable outlook on the Italian insurance industry....
Jan 5 2006 // Record catastrophe losses will weigh heavily on 2005’s underwriting results, pushing what would have been the industry’s largest underwriting profit ever into a loss situation, according to the Insurance...
Jan 4 2006 // Rakuten, one of Japan’s top Internet shopping mall operators, has reportedly announced that it is considering entering the country’s nonlife insurance business to boost its growing financial operations. A...
Jan 1 2006 // Crump Insurance Services of Texas Inc. appointed three new members to the Dallas property/casualty brokerage team: Brent Jenkins, Stephanie Murillo and Matt Sheehan. Additionally, Elizabeth Wafer has joined the P/C team at...
Jan 1 2006 // The property/casualty insurance industry reported a statutory rate of return on average surplus of 9.5 percent through the first nine months of 2005, marginally below the 10.5 percent average return recorded during...
Dec 28 2005 // The U.S. property/casualty insurance industry’s net income after taxes rose 4.4 percent, or $1.2 billion, to $28.8 billion in nine-months 2005 from $27.6 billion in nine-months 2004. Reflecting the industry’s...
Dec 21 2005 // Jeffrey T. Bowman, president of Crawford & Co’s International Operations, has been named chief operating officer of the firm’s Global Property and Casualty Services, effective Jan. 1.This newly created...
Dec 19 2005 // “Convergence products,” or alternative insurance products such as catastrophe bonds and finite reinsurance products, will play a critical part in the competitive landscape of the P/C industry in coming years,...
Dec 18 2005 // Louisiana Insurance Commissioner Robert Wooley announced that Clarissa A. Preston has been named deputy commissioner of the Louisiana Department of Insurance Office of Property and Casualty, and Scott Kipper is now deputy...
Dec 18 2005 // Twenty years ago, it was nearly impossible to find colleges and universities offering degrees in insurance. Now there are many programs across the nation that offer bachelor’s degrees, concentrations, certifications,...
Dec 16 2005 // French reinsurer SCOR Group announced that it has reached agreement with the Alea Group to acquire the renewal rights to its European reinsurance treaties for 2006.The move follows Alea’s sale of its renewal rights...
Dec 15 2005 // A new report from Standard & Poor’s notes that “Hurricane Katrina, followed closely on its heels by Hurricane Rita, wound up revealing the flaws in many insurance-industry assumptions.”The article,...
Dec 14 2005 // Andreas Beerli, CEO of Swiss Re’s Property & Casualty business in the Americas, recently hosted the company’s annual year-end economic and insurance industry review and outlook and led the discussion about...
Dec 12 2005 // Crump Insurance Services of Texas Inc. appointed three new members to the Dallas property/casualty brokerage team: Brent Jenkins, Stephanie Murillo and Matt Sheehan.Additionally, Crump Insurance Services of Houston Inc....
Dec 12 2005 // San Francisco, California – ECM Insurance Services, Inc., a San Francisco-based management liability and property & casualty insurance wholesaler, today announced the appointment of Misty Reistad as Vice...
Dec 7 2005 // Lawson-Hawks Insurance Associates Inc., a regional independent insurance broker based in Mountain View, Calif., has announced the acquisition of the El Dorado Hills, Calif.-based Healthcare Property/Casualty Group...
Dec 5 2005 // Standard & Poor’s Ratings Services announced that it has assigned its “BBB+” insurer financial strength and long-term counterparty credit ratings to ING General Insurance Co. Ltd. (ING GIHK) with a...
Dec 5 2005 // Global insurance broker Willis Group Holdings announced that it has agreed to purchase 100 percent of the share capital of Nicon Forsakringsmaklarna AB (Nicon), a property and casualty broker in Southern Sweden which...
Dec 5 2005 // Insurer Performance Ranks Well on Average, But Many Could Improve on Key FactorsEase of Doing Business (EDB) has been a bit like the weather–everybody talks about it, but doing something about it is another matter....