All the headlines from our Property Casualty Topic Page, ordered by recency.
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...
Jul 24 2018 // With Florida about to enter peak hurricane season, a state insurance association representing 15 insurers in Florida is hitting back against a recent report from ratings agency Weiss Ratings that identified 10...
Jul 19 2018 // Iowa-based insurance services firm, Holmes Murphy, recently added 14 new employee shareholders.Holmes Murphy shareholders help lead the company in its mission to promote health, protect wealth, and deliver peace of mind....
Jul 16 2018 // Tax reform, a growing economy and lower catastrophe losses helped U.S. property/casualty insurers more than double their first quarter profit this year.Insurers’ net income after taxes surpassed $17 billion during...
Jul 16 2018 // Worldwide Facilities has opened a new location in Morehead City, N.C., where Kasey Vaughn joined as senior vice president.Vaughn brings 17 years of experience in wholesale personal and commercial lines practice. She...
Jul 16 2018 // The Independent Insurance Agents of Texas (IIAT) elected Jeffrey L. Brady of Brady, Chapman, Holland & Associates (BCH) in Houston to serve as IIAT chair for 2018-19.Brady was elected during IIAT’s 121st Annual...
Jul 16 2018 // Three new property/casualty insurance companies have been approved to do business in Arkansas, the state insurance department reported. All three are based in Florida.Counting the recently accepted companies, 10 new...
Jul 16 2018 // Hanover Stone Solutions, an advisory firm providing risk consulting services to U.S. property/casualty and life insurance companies, has appointed Joanne Morrissey and Gary Dubois as senior advisors based in New York...
Jul 12 2018 // Following the completion of the acquisition of XL Group by AXA SA – expected in the second half of 2018 – the two insurers have chosen the name of the division that will be dedicated to large property/casualty...
Jul 10 2018 // Property/casualty insurers have a long way to go toward meeting customer expectations about their digital interactions.A new J.D. Power 2018 Insurance Digital Experience Study concludes that while a few insurers have...
Jul 5 2018 // Three new property/casualty insurance companies have been approved to do business in Arkansas, the state insurance department reported. All three are based in Florida.Counting the recently accepted companies, 10 new...
Jul 4 2018 // Value is a relative term often specific to a given asset. For example, if the price of gold declines from $1,800 an ounce to $1,250 an ounce, as it has, then gold is less valuable. The price of property/casualty insurance...
Jul 2 2018 // Chicago-based insurer Kemper Corp. has closed on its $1.6 billion acquisition of Birmingham-based nonstandard auto insurer Infinity Property and Casualty Corp.The stock portion of the cash and stock deal announced in...
Jul 2 2018 // Personal lines underwriting losses rose in 2017 for the fourth year in a row, Fitch Ratings found in a new report. There’s a twist, however.In the three years prior to 2017, personal auto insurance contributed...
Jun 29 2018 // Hanover Stone Solutions, an advisory firm providing risk consulting services to U.S. property and casualty and life insurance companies, has appointed Joanne Morrissey and Gary Dubois as senior advisors based in New York...
Jun 29 2018 // Citibanamex, a subsidiary of Citigroup Inc., and Chubb Seguros México, an affiliate of Chubb Ltd., announced a definitive long-term agreement where Chubb will provide a range of non-life insurance products to...
Jun 27 2018 // Gulfstream Property and Casualty Insurance Co., based in Sarasota, Fla., has promoted Mike Killingsworth to vice president of Sales, Marketing and Agency Licensing.In this leadership position, Killingsworth will spearhead...