All the headlines from our Property Casualty Topic Page, ordered by recency.
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...
Apr 11 2005 // Philadelphia Insurance Companies and CIGNA have finalized a strategic alliance to offer property/casualty insurance to CIGNA’s Participant Accident customers and Participant Accident coverage to PHLY’s...
Apr 7 2005 // The property/casualty industry’s frequently volatile underwriting cycle is back with a vengeance and will have no mercy this time around, Robert Hartwig, senior vice president and chief economist for the Insurance...
Apr 5 2005 // A.M. Best Co. announced that the financial strength rating of “A” (Excellent) of Universal Underwriters Insurance Company, based in Overland Park, Kansas, and its wholly-owned subsidiary, Universal Underwriters...
Apr 5 2005 // The Property Casualty Insurers Association of America (PCI) is seeking amendments to Nevada legislation that would affect the availability of mechanical data recorded by newer model cars just prior to accidents.“We...
Apr 1 2005 // A study from Standard & Poor’s Ratings Services examines recent changes in the U.S. capital markets, and concludes that they have “have sparked interest in the credit ratings on small and mid-size...
Apr 1 2005 // Standard & Poor’s Ratings Services has published a report comparing the past two years of U.S. P/C surplus growth, titled “U.S. Property/Casualty Surplus Growth Slows In 2004.” S&P credit...
Mar 30 2005 // Germany’s Hannover Re Group reported 309.1 million euros ($400 million) net after tax income for 2004, down 12.9 percent from 2003’s 354.8 million euros ($459.8 million). The company’s earnings report,...
Mar 30 2005 // The U.S. property and casualty industry posted stronger underwriting results and profitability in 2004 relative to 2003, despite sharp increases in catastrophe losses for many market participants related to the...
Mar 28 2005 // The Citizens and Hanover Insurance Companies announced that Debra Richardson has been named regional vice president of The Hanover Insurance Company’s Texas region. In this capacity, Richardson will be responsible...
Mar 25 2005 // The ACE Group of Companies announced that it has received regulatory approvals to commence property and casualty insurance operations in Poland and Russia.The U.K.’s Financial Services Authority (FSA) has...
Mar 24 2005 // Wisconsin-based Wausau Signature Agency has increased its focus on employee benefits by forming a group benefits division in the Upper Midwest states. “As part of our commitment to meet all of the insurance needs of...
Mar 22 2005 // The Netherlands’ ING Group announced that it has signed an agreement to sell ING Chile’s property & casualty insurance operation, ING Seguros Generales, to the Boston-based Liberty Mutual Group.Financial...