All the headlines from our Property Casualty Topic Page, ordered by recency.
Feb 27 2019 // The Hanover Insurance Group has expanded its specialty leadership team to enhance as part of a series of personnel changes the company has made to its specialty business over the last year.The Hanover announced it has...
Feb 26 2019 // Property/casualty insurance trade group, the Insurance Council of Texas, is seeing candidate nominations for its annual industry leadership award.Since 1998, has awarded its Raymond Mauk Leadership Award to an individual...
Feb 25 2019 // In the conglomerate’s annual report published on Saturday, Berkshire Hathaway’s Chair Warren Buffett recommended that readers focus on operating earnings, reviewing a year in which insurance operations...
Feb 20 2019 // Cincinnati, Ohio-based Great American Insurance Group has promoted Anthony (Tony) J. Mercurio and David L. Thompson Jr. to executive vice presidents of its property/casualty group.Mercurio will continue to serve as...
Feb 20 2019 // SCOR announced the appointment of Jean-Paul Conoscente, currently chief executive officer of reinsurance at SCOR Global P&C, as CEO of SCOR Global P&C.This appointment follows Victor Peignet’s decision to...
Feb 18 2019 // It may be obvious to those in the industry that the more satisfied independent insurance agents are with an insurance carrier, the more business they will conduct with that carrier. But the message may not be getting...
Feb 18 2019 // The year of 2018 brought an all-time high of merger and acquisition (M&A) activity to the insurance industry.Consolidation of firms, both at a local level with M&A by independent agents and brokers, and...
Feb 11 2019 // Catastrophe claims and a disappointing investment performance drove commercial lines insurer CNA Financial Corp. to an $84 million loss in the fourth quarter of 2018.The quarter’s $84 million net loss compare to $223...
Feb 8 2019 // Zurich Insurance’s reported 2018 net income after tax of $3.72 billion, a 24 percent jump from $3.0 billion it reported in 2017 – primarily driven by growth in its life business and improved underwriting in its...
Feb 6 2019 // Island Insurance, a Honolulu, Hawaii-based property and casualty (P/C) insurance carrier, appointed Daniel Lee as vice president, Commercial Lines.Lee will oversee Island’s commercial insurance division, which...
Feb 6 2019 // In 2018 fourth quarter, global insurer Chubb saw a surge in catastrophe losses, along with growth in premium revenue, better global property/casualty pricing and record net investment income.The insurer booked $355 million...
Feb 4 2019 // An aging population and struggling state finances could turn into an unlikely boon for Italy’s banks, which have turned to a growing market for insurance to brighten their prospects.Intesa SanPaolo has marketed the...
Feb 4 2019 // Marsh/JLT, Brown & Brown/Hays Topped 2018 P/C Agency MergersA handful of big deals dominated the very busy property/casualty insurance agency and broker merger news cycle for 2018. Based on Insurance Journal reporting,...
Feb 4 2019 // AmTrust Financial Services announced leadership changes as it moves forward as a private company. Its $2.95 billion privatization plan was finalized on November 28, 2018 after receipt of all approvals. AmTrust announced...
Feb 4 2019 // M&As in 2018 Marsh & McLennan to Acquire Broker JLT Hays Companies Is Brown & Brown’s Biggest Acquisition AIG Acquires Program Manager Glatfelter Insurance BB&T Insurance Acquires Regions Insurance...
Feb 4 2019 // Ely Kaplansky, President, Kaplansky Agency, MAIncreased market share. Rate increases.Continued profitable growth.Crag Shink, Managing Partner, C.H. Shink & Associates, NYA harder market in some segments.Increasing...
Jan 31 2019 // It may be obvious to those in the industry that the more satisfied independent insurance agents are with an insurance carrier, the more business they will conduct with that carrier. But the message may not be getting...
Jan 30 2019 // Ping An Property and Casualty Insurance Co. of China has launched a credit-based smart auto claim solution in China, to make it easier for car owners to make claims and encourage good driving habits.The credit-based system...
Jan 29 2019 // Mergers and acquisitions of insurance agents and brokers last year broke several records in 2018, with private equity/hybrid buyers accounting for 68 percent of the total.According to consultants at OPTIS Partners’...
Jan 29 2019 // Prime Property & Casualty Insurance Inc. (PPCI) has entered the Kentucky commercial auto market as an admitted carrier specializing in insurance products for distressed and substandard risks. PPCI offers the capacity...