All the headlines from our Property Casualty Topic Page, ordered by recency.
Sep 4 2017 // The U.S. property/casualty (P/C) industry recorded a net underwriting loss of $5.1 billion for the first six months of 2017, according to preliminary results, compared with a $2.0 billion loss in the same period a year...
Sep 4 2017 // As long as there is an insurance industry, wholesaler brokers believe they will have a role to play.“We will continue to be an important sector – a small sector – but still a very important sector of how...
Aug 29 2017 // While it’s too early to accurately quantify the insured losses related to Hurricane Harvey, primary insurance carriers — as opposed to reinsurers — would retain the majority of losses, according to analysts at...
Aug 29 2017 // The U.S. property/casualty (P/C) industry recorded a net underwriting loss of $5.1 billion for the first six months of 2017, according to preliminary results, compared with a $2.0 billion loss in the same period a year...
Aug 22 2017 // Ascot Group Ltd. (AGL) has launched Ethos Specialty Insurance Services, LLC, a standalone managing general agent (MGA), operating under AGL.Michael Sillat has been appointed as chief executive officer of Ethos, effective...
Aug 21 2017 // Seeman Holtz Property & Casualty Inc. has acquired Agency Acquisitions LLC, headquartered in Arlington, Texas.Agency Acquisitions specializes in trucking insurance. Seeman Holtz said the acquisition will add a niche...
Aug 21 2017 // Merger and acquisition (M&A) activity continued strong through the second quarter of 2017. The year to date announced deal count is 239 through June 30 (compaared to 222 for the same period last year). The number of...
Aug 21 2017 // 1. Dare to Break the Mold. We tend to hit a sweet spot of what works for us in agency management and stay there, focusing on the “sexier” sales side of the business. It’s fine to keep what works, but...
Aug 18 2017 // Businesses are spending a small fortune on cyber security but what they are doing is not working very well, according to a cyber security expert who sees the insurance industry as a key to improving the situation.“We...
Aug 17 2017 // Credit rating activity for the U.S. property/casualty industry in the first half of 2017 was favorable, with upgrades outpacing downgrades. Nearly one-third of the 2017 upgrades were driven by increased parental support,...
Aug 17 2017 // The four largest European reinsurers – Munich Re, Swiss Re, Hannover Re and SCOR – have largely maintained pricing and policy terms without a significant drop in their business volumes, despite relentless soft market...
Aug 15 2017 // Startup insurtechs need partnerships more than they need money from insurance carriers, according to one leading venture capitalist actively funding insurance technology firms.Venture firm XL Innovate’s Martha...
Aug 11 2017 // The Southwest region of USI Insurance Services (USI) appointed Joshua Glover as the property/casualty practice leader for North Texas. Glover will be based in USI’s Dallas office, reporting to Jack Wagner, USI...
Aug 11 2017 // Zurich Insurance says its restructuring program is on track to achieve its goals over the next few years, continuing its work on cutting expenses, stabilizing its property and casualty business and rebalancing its...
Aug 7 2017 // Warren Buffett’s Berkshire Hathaway insurance and reinsurance businesses lost money or gained less in underwriting in the second quarter and first six months of 2017 compared to last year while his railroad,...
Aug 7 2017 // Peabody, MA, August 7, 2017 – eServices, a specialized platform focused on providing turn-key risk management, claims, marketing, and technology solutions through its various entities, is pleased to announce that...
Aug 7 2017 // Ron Lockton, who has served as vice chairman of global insurance broker Lockton Inc. for the past two years as part of the succession plan, is expanding his role to become president and chief executive officer of the...
Aug 7 2017 // Insurtech funding volume hovered close to $1 billion in the 2017 second quarter, a result nearly 150 percent larger than the same period a year ago, according to a quarterly report on the sector from Willis Towers Watson...
Aug 7 2017 // About This Report: Welcome to the 13th annual Insurance Journal Top 100 Independent P/C Agencies report.The Top 100 list is ranked by total property/casualty agency revenue for 2016 and comprises only those agencies whose...
Aug 7 2017 // Insurance is a very simple business.“You take in some money, you spend some money and you lose some money, and God willing, you have some left at the end of the day,” according to Anthony (Tony) Markel, vice...