All the headlines from our Property Casualty Topic Page, ordered by recency.
Aug 22 2018 // Cincinnati Financial Corp. announced that Jacob F. Scherer Jr., chief insurance officer and executive vice president of its lead subsidiary, The Cincinnati Insurance Co., plans to retire in August 2019.The company also...
Aug 21 2018 // Chubb has appointed Stanley Wong as country president for Hong Kong, Taiwan & Macau, effective Oct. 1, 2018. He replaces Doug White, who was appointed to the role of head of the Major Accounts Division for Chubb in...
Aug 20 2018 // Socius Insurance Services Inc., a management liability and property/casualty insurance wholesaler, has hired Jerry Ascolese to join its casualty practice as vice president. Ascolese will be based in New York City – a...
Aug 20 2018 // Plymouth Rock Assurance has announced that A.M. Best Rating Services Inc. upgraded the financial strength ratings of the Palisades Group and High Point Homeowners Group to A- (Excellent). In addition, their long-term...
Aug 20 2018 // ZhongAn Online P&C Insurance Co. Ltd., the first internet-only insurer in China, announced its subsidiary ZhongAn International will receive a strategic investment from SoftBank Vision Fund, which will support the...
Aug 20 2018 // Chubb announced the establishment of a Major Accounts Division in the Asia Pacific region, a dedicated premium service that encompasses underwriting, risk engineering and claims for the region’s large, global and...
Aug 17 2018 // Seeman Holtz Property & Casualty Inc. has continued its expansion into Pennsylvania with its acquisition of Merchants Preferred Insurance Services, headquartered in Erie, Penn.This acquisition will strengthen Seeman...
Aug 17 2018 // Catastrophic weather events in 2017 helped spur an increase in rating downgrades for the U.S. property/casualty (P/C) industry during the first half of 2018, according to an A.M. Best report. But the report also notes that...
Aug 15 2018 // Imagine there’s a way for institutional investors to trade insurance risks much like they trade stocks. Well, imagine no more. A new and unique reinsurer, Extraordinary Re, has hit upon the novel idea of creating a...
Aug 9 2018 // Zurich Insurance Group AG got a boost from its property & casualty business, putting the company on track to meet Chief Executive Officer Mario Greco’s three-year restructuring goals.The Swiss insurer’s...
Aug 7 2018 // Seeman Holtz Property & Casualty, Inc. is has acquired JEM Insurance Services, Inc, headquartered in Boca Raton, Fla.JEM Insurance Services has been serving the South Florida area for over 13 years. The agency offers...
Aug 6 2018 // Seeman Holtz Property & Casualty Inc. has acquired Asenbrenner Insurance Agency Inc., headquartered in Shawano, Wisconsin. Asenbrenner Insurance Agency has been serving the state of Wisconsin for almost three decades....
Aug 6 2018 // Risk management services firm, Hanover Stone Partners, has tapped Ellen Shew Holland to lead its newly established national higher education practice. She is based in Dallas.Shew Holland will lead a practice that will...
Aug 6 2018 // It’s hard to believe but August brings us to the one-year anniversary of the watery nightmare that was Hurricane Harvey and the beginning of the remarkable 2017 hurricane season that also featured Hurricane Irma...
Aug 6 2018 // GEICO’s Board of Directors has promoted Rick Hoagland to senior vice president.Hoagland first joined GEICO in 1994 as a telephone claims representative in Fredericksburg, Md. He advanced through several positions and...
Aug 3 2018 // Hub International Ltd., the Chicago-based insurance broker, announced that it has acquired the property and casualty insurance business of Cypher Systems Group Inc. (CSG) and certain of its affiliates, an insurance broker...
Aug 3 2018 // Pricing pressure in the reinsurance industry weighed on Swiss Re’s first-half earnings, overshadowing a drop in natural-catastrophe claims. The company said it’s exploring an initial public offering for its...
Aug 2 2018 // AXA SA gave under-fire Chief Executive Officer Thomas Buberl a needed boost with first-half earnings that beat estimates and growth in new business.AXA, posting its first results since a disappointing partial spinoff of...
Jul 26 2018 // Seeman Holtz Property & Casualty, Inc. has acquired Lakes Insurance Group, a South Florida agency specializing in commercial insurance serving thousands of South Florida business owners.With this acquisition, Seeman...
Jul 25 2018 // Chubb has a very good second quarter in both underwriting and investments, reporting net income of $1,294 million compared with $1,305 million for the same quarter last year.P/C net premiums written increased 5.6 percent...