All the headlines from our Property Casualty Topic Page, ordered by recency.
Mar 5 2018 // The Main Street America Group, a super-regional property/casualty insurance company, has promoted Darryl Osman to vice president of personal lines.Osman remains based at the company’s home office in Jacksonville,...
Mar 4 2018 // AXA SA agreed to buy XL Group Ltd. for $15.3 billion in cash, seeking to capture a bigger slice of the U.S. property and casualty market as premiums rise after last year’s natural disasters.The French insurer is...
Mar 2 2018 // W. R. Berkley Corporation has appointed John F. Kearns as president of Berkley Mid-Atlantic Group, a Glen Allen, Va.-headquartered Berkley Company (BMAG).Kearns succeeds Susan N. Grady, who remains a member of the Berkley...
Feb 28 2018 // Liberty Mutual reported $17 million in net income for 2017, down substantially from more than $1 billion in 2016. The insurer pointed to catastrophe losses, adverse development in its commercial automobile business and a...
Feb 26 2018 // Zurich Insurance Group has entered into an agreement to acquire the Latin American operations of Australian insurer QBE Insurance Group Ltd. for a total aggregate price of US$409 million, subject to closing adjustments.The...
Feb 26 2018 // Warren Buffett’s Berkshire Hathaway’s combination of insurance entities have recorded 14 consecutive years of underwriting profit worth more than $28 billion. The Oracle from Omaha has repeatedly warned his...
Feb 23 2018 // Swiss Re AG’s chief said the reinsurer would welcome an anchor investor after being approached by billionaire Masayoshi Son’s SoftBank Group Corp.In a business where results can change radically from one year...
Feb 22 2018 // Now’s the time to get in on the ground floor of the business of insuring drones.That’s according to panel of experts speaking recently in a drone insurance webinar hosted by Insurance Journal. The consensus...
Feb 20 2018 // Fifty-eight percent of insurance companies plan to increase staff during the next 12 months in part due to expected increase in business and new markets, according to the Semi-Annual U.S. Insurance Labor Outlook Study...
Feb 20 2018 // Birmingham, Ala.-based Infinity Property and Casualty were bought for $1.4 billion.Kemper Corp. acquired the auto insurance provider in a cash and stock transaction, making it one of the largest nonstandard auto insurers...
Feb 19 2018 // Despite the growth of both technology-based and direct-to-customer sales channels in the property/casualty (P/C) insurance industry, independent agents still control the lion’s share of P/C premiums and represent a...
Feb 19 2018 // Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually. At year-end 2016, approximately $606 billion of DPW was reported, a record high for the industry. For 2016,...
Feb 19 2018 // Optisure Risk Partners, based in Manchester, N.H., has hired Reid Sterrett as life practice manager, reporting to Optisure CEO Peter R. Milnes.Sterrett will be based in Hartford, Conn., and has experience in life,...
Feb 15 2018 // San Diego, CA, February 15, 2018– The future is here. Drones are buzzing about the skies over construction sites and movie sets, industrial properties and single-family homes, agricultural fields and disaster zones. One...
Feb 13 2018 // Insurer CNA saw its fourth quarter 2017 combined ratio improve and its quarterly net income dip only slightly despite catastrophe losses. For the full year 2017, it achieved net income of nearly $900 million, which was...
Feb 12 2018 // Put on the Taylor Swift and pull out the Ben & Jerry’s ice cream: The municipal-bond market’s long relationship with property and casualty insurance companies may be breaking up.That’s because last...
Feb 9 2018 // Global insurance software firm Sapiens International Corp. has agreed to buy Adaptik, a rival insurance software company focused on policy administration and billing. The move is expected to help the Israeli company boost...
Feb 7 2018 // Rating agency A.M. Best expects the U.S. property/casualty insurance industry to post a second consecutive underwriting loss in 2017, driven mainly by catastrophe losses.The expected net underwriting loss for 2017 of $29.3...
Feb 5 2018 // Marsh & McLennan Insurance Agency has promoted eight executives to principals of the firm.In San Diego, the new Principals are Donna DeBolt, Wayne Pages, Greg Pendergast, Erin Quigley, Jeff Simpson, Ryan Stover, and...
Feb 5 2018 // Lake Geneva, WI, February 5, 2018- Following up on a sold-out inaugural conference last year, the industry’s second annual Super Regional P/C Insurer Conference has been scheduled for July 22-24, 2018 at the Grand...