All the headlines from our Property Casualty Topic Page, ordered by recency.
May 10 2005 // The property/casualty industry can look forward to another year of underwriting profits, assuming normal catastrophic losses of $13-14 billion, according to a new study by Conning Research and Consulting Inc. However, the...
May 9 2005 // Mom and pop” retail agencies have always been a vital component of the insurance world, and many of them still exist today. Sons, daughters, grandsons and granddaughters are able to continue family traditions as...
May 5 2005 // A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) of Ohio-based American Modern Insurance Group (American Modern) and its property/casualty affiliates. A.M. Best has also affirmed the financial...
May 3 2005 // A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) of Pennsylvania-based Erie Insurance Group’s property and casualty companies (Erie), which are managed by its publicly-traded company, Erie...
May 2 2005 // Bermuda-based Max Re Capital Ltd. reported net income for the three months ended March 31, 2005 of $36.8 million, or $0.74 per diluted share, compared to net income of $43.0 million, or $0.87 per diluted share, for the...
Apr 29 2005 // Dutch Financial service giant AEGON N.V. announced that it has completed the sale of AEGON Seguros Generales, its general insurance subsidiary in Spain, to the Italian mutual insurance company Reale Mutua Group. The two...
Apr 27 2005 // Bermuda’s ACE Limited reported net income for the first quarter ended March 31, 2005 of $433 million or $1.46 per common share after payment of preferred dividends, compared with net income of $447 million or $1.53...
Apr 26 2005 // Texas-based American National Insurance Company reported first quarter 2005 net income of $90,863,000 ($3.43 per share) compared to $64,704,000 ($2.44 per share) for the same period in 2004, a 40.4% increase.After tax net...
Apr 25 2005 // The U.S. property/casualty industry reported improved operating results in 2004 for the second straight year, but for the first time since 1978, underwriting results were profitable, with a combined ratio of 97.9,...
Apr 22 2005 // Former Secretary of State Colin Powell, former Secretary of Homeland Security Tom Ridge, and U.S. Representative Mike Oxley (R – Ohio), will be the featured speakers at the 2005 Property Casualty Insurers Association...
Apr 21 2005 // The Midland Company, a Cincinnati-based provider of specialty insurance products and services, announced record results for the first quarter ended March 31, 2005.Net income for the quarter was a record $21.5 million, or...
Apr 20 2005 // Reforms of the Massachusetts high risk auto insurance pool will benefit the market and consumers, according to the American Insurance Association (AIA).Last Friday, AIA joined with the Massachusetts Insurance Federation...
Apr 19 2005 // Curtis J. Perata has been promoted to CEO of the Jenkins Athens Group, headquartered in Concord, California. In addition to his duties as president of the firm’s property and casualty brokerage, Perata will also...
Apr 19 2005 // Seattle-based Safeco on Tuesday reported strong first-quarter results for 2005.The company produced net income for the first quarter of $212.0 million, or $1.65 per diluted share. This compares with net income of $236.2...
Apr 18 2005 // The property/casualty insurance industry’s frequently volatile underwriting cycle is back with a vengeance and will have no mercy this time around, advises a top industry economist.The property/casualty financial...
Apr 14 2005 // The Netherlands ING Group announced that it has closed its transaction to sell ING Chile’s property & casualty insurance operation, ING Seguros Generales, to Boston-based Liberty Mutual Group. The sale was...
Apr 13 2005 // China’s PICC Property and Casualty Co. Ltd., the country’s largest P/C insurer, is poised to enter the rapidly expanding Chinese life insurance market with the announcement that it is forming a joint venture...
Apr 12 2005 // Benefiting from a rare profit on underwriting and investment gains, the U.S. property/casualty insurance industry’s net income after taxes rose 29 percent to a record $38.7 billion in 2004 from $30 billion in...
Apr 12 2005 // Fitch Ratings has affirmed all current ratings of the Hartford Financial Services Group Inc. (HFSG).This includes HFSG’s fixed income ratings and the insurer financial strength rating of the primary life and...
Apr 11 2005 // Two months before the study is expected to be done, the property casualty insurance industry is getting nervous about a study on terrorism insurance being conducted by the Treasury Department, a study some in Congress are...