All the headlines from our Property Casualty Topic Page, ordered by recency.
Feb 5 2018 // Heritage Insurance Holdings, Inc., a property and casualty insurance holding company, has appointed Kirk H. Lusk as its chief financial officer.Until April 28, 2018, Lusk will serve as co-chief financial officer with...
Feb 5 2018 // The number of announced U.S. insurance broker deals in 2017 was the highest in recorded history, at 536. This year also had the highest number of deals closed in the fourth quarter since 2012 (when the capital gain tax...
Feb 5 2018 // Mergers and acquisitions of insurance agencies last year broke all records in 2017, according to OPTIS Partners’ annual report. The OPTIS database recorded 604 deals in the United States and Canada in 2017, a 31...
Feb 5 2018 // M&A activity in the insurance industry was hot in 2017, and thus far in 2018, it shows no signs of cooling, with 30 deals announced in the month of January alone. The following are reports from the InsuranceJournal.com...
Feb 5 2018 // CAL Insurance & Associates Inc. has added Elian Boukhalil as an account manager.Boukhalil will work within CAL’s affluent families division. She was previously an intern with Publiscreen Online. Before that she...
Feb 1 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 Geneva Resort & Spa in Lake...
Jan 31 2018 // The Worldwide Broker Network (WBN) announced the appointment of Antoinette “Toni” Gambonini as global property & casualty consultant.In this role, Gambonini will work with WBN member companies on six...
Jan 31 2018 // Alfa Insurance has promoted Beth Chancey to senior vice president of the company’s Property & Casualty Operations effective Feb. 1. She will be responsible for P/C underwriting, actuarial services, billing and...
Jan 31 2018 // Chubb had a solid last quarter of 2017 and year even though challenged by wildfire and other catastrophe costs. Fourth quarter results were enhanced by a one-time gain from the Trump tax cuts.The insurer booked $1.5...
Jan 30 2018 // Alabama-based Alfa Insurance’s Executive Vice President of Operations Steve Rutledge will retire Feb. 1 after 33 years of service with the company.Rutledge began his career with Alfa in 1984 as a securities analyst...
Jan 29 2018 // While the U.S. property/casualty insurance sector passed the capital test in 2017, a year with record catastrophe losses, insurers will face the real test in 2018 if catastrophe losses come close to last year’s...
Jan 26 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...
Jan 25 2018 // Duane Sanders has joined Chicago-based Kemper Corp. as president of its Property & Casualty Division.Sanders will report to Kemper President and Chief Executive Officer Joseph P. Lacher Jr. and will be based in...
Jan 25 2018 // Federal tax reform was a big topic of discussion at the Insurance Information Institute’s 2018 P/C Joint Industry Forum, with panelist Jay Gelb of Barclays Capital stating the recently passed tax law is going to be...
Jan 24 2018 // AXIS Capital Holdings is reorganizing its operations in a bid to focus more on technology and innovation, with an eye on long-term profitable growth.Executives hope to put the new changes in place during the 2018 second...
Jan 23 2018 // EPIC Insurance Brokers and Consultants has added Philip Westphal to its commercial property/casualty team in Sacramento, Calif., as a risk advisor/broker in the healthcare practice. Westphal will report to Tom McCready,...
Jan 23 2018 // Liberty Mutual is getting out of the life insurance business, and the insurer will reorganize in order to better focus on its remaining P/C businesses.The Boston-based global insurer said it will sell its life insurance...
Jan 23 2018 // Regions Insurance, an affiliate of Regions Bank, has named Mike Breedlove executive vice president of Property & Casualty Operations. Breedlove will be responsible for leading the company’s property &...
Jan 22 2018 // The property/casualty insurance industry is not immune to any economic effects the federal government shutdown may bring but since the industry is largely regulated by the states, not Washington, the impact on the industry...
Jan 22 2018 // Ratings firm A.M. Best said it is maintaining its 2018 outlook for the U.S. property/casualty reinsurance sector at negative, citing the “pronounced pressure on U.S. property catastrophe rates as the alternative...