All the headlines from our Property Casualty Topic Page, ordered by recency.
Oct 25 2000 // The St. Paul Companies has expanded its operations to New Zealand by opening an office in Auckland. The company will conduct business as St. Paul International Insurance Co., Ltd., a branch of The St. Paul’s...
Oct 24 2000 // Royal & SunAlliance (RSA) became the first foreign company to receive a license to write p/c insurance from India’s Insurance Regulatory and Development Authority (IRDA) with its partner Sundaram Finance Ltd.,...
Oct 23 2000 // Nippon Life Insurance Co., Japan’s largest, was reportedly holding talks with Mitsui Marine & Fire Insurance Co., its 3rd largest p/c insurer and Sumitomo Marine & Fire Insurance Co., its 5th largest, in an...
Oct 12 2000 // “Demand for traditional property-casualty reinsurance will continue to decline over the next five years as primary insurers grow in size,” concludes a new study by insurance management specialists Conning...
Oct 9 2000 // American International Group and Tata Group, one of India’s largest and most successful industrial conglomerates, have joined forces to launch insurance ventures in life insurance and p/c in India. In accordance with...
Oct 6 2000 // The insurance industry contributes almost $200 billion to the United States’ gross national product each year, approximately 2.4 percent of the total GNP, according to the latest edition of a study compiled by the...
Oct 4 2000 // Fitch has affirmed all ratings of SAFECO Corporation and its insurance subsidiaries. At the same time, the rating outlook has moved from Stable to Negative. The primary factor for the change in rating outlook is the...
Oct 2 2000 // In the “stake-your-claim” environment of Internet insurance, any attempt to define trends and categorize business models can be an exercise in frustration.However, in some ways the dot-com gold rush is slowing...
Oct 2 2000 // Credit General Insurance Company and Credit General Indemnity Company are back on track after a brief period in which the companies stopped writing new business.Henry C. Sibley, vice president of underwriting, sent a...
Sep 29 2000 // Federal Insurance Company, a subsidiary of The Chubb Corp., officially opened a wholly owned branch office in Shanghai to “focus on the non-life insurance market for foreign-invested enterprises in Shanghai.”In...
Sep 25 2000 // ISO, NAII Report First-Half Net Income for Insurers Plunged; Fitch Adopts Negative P/C OutlookIt hasn’t gone to hell in a handbasket yet, but the outlook for the property and casualty industry is far from good. On...
Sep 22 2000 // For Credit General, the arrangement provides access to additional surplus upon which to write new business, as well as the security of AmTrust’s surplus. Credit General has resumed writing new business, which it...
Sep 18 2000 // Commercial property-casualty rates continued to increase across the country, according to a report by The Council of Insurance Agents and Brokers (CIAB).Through its quarterly Market Index Survey, released last month, CIAB...
Sep 15 2000 // It’s not hell-in-a-handbasket yet, but the outlook for the property and casualty industry is far from good. On Thursday, Fitch, the international rating agency formed through the June merger of Duff & Phelps...
Sep 14 2000 // The property/casualty insurance industry reported a statutory rate of return of 5.6 percent (on an annualized basis) during the first half of 2000, down from 8.2 percent during the first half of 1999 and 6.6 percent for...
Sep 14 2000 // The U.S. property/casualty industry’s net income after taxes dropped to $10 billion in this year’s first half, down 32.5 percent from $14.9 billion a year ago. The industry’s surplus fell $7.6 billion, or...
Sep 13 2000 // Old Guard Group, Inc. has received shareholder approval for its acquisition by Ohio Farmers Insurance Company. With more than 71% of the outstanding stock voting, 92% were voted in favor of the transaction. The transaction...
Sep 11 2000 // Despite a recent hardening of prices in the property/casualty industry, underwriting performance worsened during the first half of 2000, according to A.M. Best Co.’s six-month report. The industry’s average...
Sep 8 2000 // Gregory A. Maciag, president and CEO of ACORD, and Klaas Westera, president and CEO of the Centre for Study of Insurance Operations (CSIO), jointly announced that discussions are underway between CSIO and ACORD to...
Sep 4 2000 // Commercial property-casualty rates continued to increase across the country, according to a report by The Council of Insurance Agents and Brokers.The same held true in Texas, where brokers estimate premium increases...