All the headlines from our Property Casualty Topic Page, ordered by recency.
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...
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...