All the headlines from our Property Casualty Topic Page, ordered by recency.
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...
Dec 23 2019 // Guy Carpenter & Co., the reinsurance broker and subsidiary of Marsh & McLennan Cos., announced the appointment of Patrick Schepens as CEO of the Benelux region, effective April 2020.Schepens will be responsible for...
Dec 19 2019 // MS Amlin, the London-based re/insurer, said it will cease underwriting corporate property, real estate, casualty and package binders through its U.K. P/C business with effect from Jan. 31, 2020.This announcement follows...
Dec 19 2019 // Portage, Michigan-based J.M. Wilson announced the end of an era with the retirement of Betty Yahr, senior property/casualty underwriter.Yahr, whose last day is Dec. 20, has been with J.M. Wilson Corporation for over 42...
Dec 16 2019 // J.M. Wilson has added Lindsay Kirby as a property/casualty technician in its Portage, Michigan, office.Kirby will provide support to the property and casualty underwriters. She is responsible for providing technical...
Dec 16 2019 // In 2020 the average time it will take an insurance agency to hire an experienced Account Manager will be three and half to four months. When I tell clients this, one of three responses follow:Surprise: “Wow, really?...
Dec 16 2019 // Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually.At year-end 2018, total DPW for all P/C insurers aggregately increased approximately 4% over 2017, an increase...
Dec 12 2019 // The 2020 outlook for the French insurance sector is negative, reflecting growing pressures on the property/casualty insurers’ profitability from low interest rates, Moody’s Investors Service said in a report....
Dec 11 2019 // Managing General Underwriter Victor is now offering Guy Carpenter clients who are members of U.S. public entity insurance pools a range of property and casualty insurance products not traditionally offered by the...
Dec 10 2019 // Global insurer Chubb has made a $10 million equity investment the African Trade Insurance Agency (ATI), becoming the first global property/casualty insurance company to become a shareholder in the African multilateral...
Dec 6 2019 // Gallagher, the Rolling Meadows, Ill.-based insurance broker, has named Dave Partington as CEO of its Canadian retail property/casualty brokerage operations, where he will lead the strategy and culture for continued growth...
Dec 2 2019 // Some insurance carriers grow but do not create value. Others shrink but still create value. Some fail at both.Then there are the “intelligent growers” — those that succeed at both, not only growing but...