All the headlines from our Property Casualty Topic Page, ordered by recency.
May 10 2019 // Insurtech investors worldwide executed the highest number of transactions, the highest number of property/casualty transactions, and the highest volume of Series B and Series C funding rounds during the first three months...
May 9 2019 // NFP, a New York, N.Y.-headquartered insurance broker and consultant that provides employee benefits, property and casualty, retirement and individual products, has named John Hyland, senior vice president of NFP Property...
May 9 2019 // Zurich Insurance is on track to meet or beat its financial targets to 2019 and is seeing positive trends in property and casualty (P/C) insurance pricing.Europe’s fifth-biggest insurer made the forecast on Thursday...
May 8 2019 // German reinsurer Munich Re reported a 23.5 percent decrease in its first quarter net profit to €633 million ($708.6 million) from €827 million ($925.7 million) in Q1 2018.The world’s largest reinsurer blamed the...
May 7 2019 // Insurer American International Group Inc. reported first-quarter earnings that trounced Wall Street estimates on Monday, as its general insurance business posted its first underwriting profit since the financial...
May 6 2019 // Chubb Chairman and CEO Evan Greenberg referred to his company as being in the midst of a “rational market” and appeared pleased with its direction and tone so far in 2019.“In the first quarter, in total,...
May 6 2019 // Robert Bauer has joined insurance broker Marsh to lead its U.S. Sharing Economy & Mobility Practice. Bauer will focus on developing and delivering products and services to companies operating in the new economy while...
May 2 2019 // The German insurer Talanx has acquired the property/casualty insurer ERGO Sigorta A.S. from a Munich Re subsidiary.Financial details of the transaction where not disclosed. Talanx purchased ERGO Sigorta from ERGO...
May 2 2019 // Chubb saw its net income dip slightly in the 2019 first quarter, though commercial and other insurance premiums rose at a healthy clip. The insurance giant’s property/casualty combined ratio also improved, and...
May 2 2019 // Prime Property & Casualty Insurance Inc. has entered the North Carolina commercial auto markets as an admitted carrier specializing in insurance for distressed and substandard risks.PPCI offers the capacity to insure...
May 2 2019 // Prime Property & Casualty Insurance Inc. has entered the New Mexico commercial auto market as an admitted carrier specializing in insurance for distressed and substandard risks.PPCI offers the capacity to insure any...
May 1 2019 // Willis Towers Watson announced that Tammy Richardson will take on the role of UK and Ireland leader for life and property & casualty in the company’s Insurance Consulting and Technology business.Richardson most...
Apr 30 2019 // General Re Corp., the reinsurance subsidiary of Berkshire Hathaway, announced that Andrew D’Arcy will become head of Gen Re International Property & Casualty.D’Arcy will relinquish the role of CEO of...
Apr 25 2019 // Seeman Holtz Property & Casualty LLC has acquired Schwarz Insurance Agency Inc., headquartered in Prairie du Sac, Wisconsin, with six other offices across the state.Kathy Schwarz, an active employee of the Schwarz...
Apr 23 2019 // P&C insurance companies are scared. Not all are scared, of course. Some are big enough, some are smart enough, and others are ignorant enough to not be scared about the future of insurance distribution. The ones that...
Apr 22 2019 // SCOR Global P&C grew its gross written premiums by 9.6 percent, at constant exchange rates, to €548 million ($616 million), during the April 1 reinsurance renewals.In the aftermath of the events in 2018, catastrophe...
Apr 22 2019 // Sompo International Holdings Ltd., the Bermuda-based specialty provider of property and casualty re/insurance, announced that Thomas Brazil will become chief executive officer of SI Insurance (Europe), SA, the...
Apr 22 2019 // After two consecutive years of combined ratios above 100, the U.S. property/casualty industry returned to a modest statutory underwriting profit in 2018 as catastrophe losses slowed, premium growth accelerated and several...
Apr 22 2019 // Valent Group, the risk consulting and insurance division of EBSCO Industries (EBSCO), has hired Kurt Close to lead its Birmingham, Ala.-based property and casualty broking and service departments.Close comes to Valent...
Apr 17 2019 // PartnerRe announced that Jonathan Colello will join the company effective July 1, 2019, as chief executive officer for P&C Americas, and president of Partner Reinsurance Co. of the U.S. In his new role, Colello will...