All the headlines from our Property Casualty Topic Page, ordered by recency.
Feb 10 2020 // 1. January Nationwide Acquires Liability Insurance Program Manager E-Risk Services: Nationwide acquired a New Jersey privately held program manager specializing in management liability lines. Nationwide said E-Risk will...
Feb 10 2020 // Digital Buys Getting Some Attention; Buyers Getting Bigger; Prices Going Higher; Eyes on DigitalThe private equity bandwagon continued to roll through the insurance agency and brokerage mergers and acquisitions territory...
Feb 10 2020 // As we embark upon a new decade, the surplus lines insurance market has never been stronger. Growth in specialty products and demand for insurance protection in an increasingly dynamic, technological climate necessitates a...
Feb 6 2020 // Chubb has plenty to celebrate about its 2019 fourth quarter. The global insurer enjoyed a large jump in net income due mostly to rate hikes and property/casualty underwriting gains.Chubb’s catastrophe losses also...
Feb 5 2020 // The Hartford closed out 2019 with gains in net income and net investment income, buttressed in part by its $2.1 billion acquisition of specialty insurer Navigators Group last May.Net income hit $543 million, or $1.49 per...
Feb 4 2020 // Atlanta, GA, February 4, 2020 — Breckenridge Insurance Services is pleased to announce the promotion of Emily Gosch to vice president, property and casualty broker from associate broker. Gosch has been with the company...
Feb 3 2020 // Cincinnati, Ohio-based Great American Insurance Group has promoted Carol Sipe to senior vice president within its Property/Casualty Group.Since 2009, Sipe has served as president of Summit, a provider of workers’...
Jan 31 2020 // EPIC Insurance Brokers and Consultants, a retail property and casualty insurance brokerage and employee benefits consultant, has expanded their insurance offering in the Farm & Ranch Insurance market with a new...
Jan 30 2020 // The insurance industry tries to predict losses. Can the industry predict winners?Which team will win Super Bowl LIV on Sunday? Kansas City or San Francisco? Insurance Journal’s Research and Trends site and...
Jan 29 2020 // Industry transformations occur when the pain of staying the same is suddenly greater than the pain of changing, according to Karen White, CEO of RMS.“The second thing that has got to be present for those...
Jan 27 2020 // AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” of the Chicago-based...
Jan 24 2020 // Two of the largest property/casualty insurers in the U.S., Allstate and Nationwide, made headlines recently when they announced shifts in their respective multi-brand portfolios. Faced with the prospect of staying relevant...
Jan 17 2020 // The private U.S. property/casualty insurance industry saw its net underwriting gains increase to $5.4 billion in the first nine months of 2019 from $4.7 billion a year earlier, bolstered by growth in premiums and a drop in...
Jan 16 2020 // Market conditions for U.K. non-life insurers were difficult in 2019 as they continued to face strong competition and claims inflation, according to a report published by AM Best.Companies have had to contend with changes...
Jan 15 2020 // Two Florida-based homeowners insurers, Anchor Property & Casualty and Anchor Specialty Insurance, have succumbed to market pressures in the state and will be acquired by other companies.Tampa, Fla.-based HCI Group has...
Jan 14 2020 // Southern Insurance Underwriters, Inc. (SIU) has added Jose Perez to the Commercial Property and Casualty underwriting team. Perez comes to SIU with more than 20 years of experience in the insurance industry and a penchant...
Jan 10 2020 // Australia’s bushfire season has months to run and could easily surpass the most costly fire season, 2009’s Black Saturday fires in Victoria, which had a price tag of an estimated A$4.4 billion (US$3 billion),...
Jan 7 2020 // Specialty insurer Everest Insurance has appointed Mike Karmilowicz to be executive vice president and president of North America P&C. He will be responsible for all property/casualty insurance underwriting units and...
Dec 27 2019 // Insurance Journal is searching for the nation’s leading independent agents to become part of America’s Top Property/Casualty Agent listing. The deadline to submit is now extended to the end of day on Monday,...
Dec 23 2019 // J.M. Wilson has promoted Tim Frawley to senior property/casualty underwriter in the company’s Arlington Heights, Illinois, office.He is responsible for quoting new and renewal accounts for a wide variety of...