All the headlines from our Property Casualty Topic Page, ordered by recency.
May 30 2017 // San Diego, CA, May 30, 2017- Highly respected and outspoken insurance agency and industry consultant Chris Burand shares his “must-read” annual state of the property/casualty insurance industry report with his...
May 26 2017 // The Hartford has named David Firstenberg as chief underwriting officer for the company’s property/ casualty insurance businesses, replacing Mo Tooker, who was recently named head of The Hartford’s Middle Market...
May 25 2017 // The U.S. property/casualty industry posted a first-quarter 2017 net underwriting loss of $841.5 million, according to preliminary financial results, continuing the industry’s underwriting loss trend seen in 2016.The...
May 25 2017 // AXIS Capital Holdings Limited has announced the appointments of James Martin and Russ Madore, each as vice president, U.S. Programs, within AXIS Insurance’s Property and Casualty team. Martin and Madore will each be...
May 18 2017 // FCCI Insurance Group (FCCI), a provider of commercial property and casualty insurance, has promoted Tiffany Hawkins to regional vice president, and Trey Stone to assistant vice president in the Gulf Coast Regional office...
May 17 2017 // Managing general agency and surplus lines broker J.M. Wilson has promoted Chris Russon and added Travis Lankerd in its Portage, Mich., office.Russon was promoted to property/casualty underwriter. She is responsible for...
May 16 2017 // Once again, Demotech Inc., the official research partner of Insurance Journal, identified the nation’s Super Regional Property/Casualty Insurers — P/C insurers writing multiple lines of insurance in multiple...
May 15 2017 // Longtime Ironshore Inc. CEO Kevin Kelley said his company has a genuine shot at becoming a “premier” specialty property/casualty insurance company, both domestically and abroad, now that Liberty Mutual...
May 10 2017 // While U.S. commercial lines insurance had been a relatively bright spot among property/casualty insurers, the sector is facing some clear deterioration due to weakening premiums and poor loss experience. What’s more,...
May 10 2017 // Reinsurers Munich Re and Hannover Re both reported that first quarter results are on track to meet their annual targets, despite Q1’s higher level of catastrophe claims.Munich Re reported consolidated first quarter...
May 9 2017 // Private U.S. property/casualty insurers lost big in 2016, reporting a $4.7 billion net underwriting loss driven, in part, by significantly higher catastrophe-related property losses, according to ISO and the Property...
May 4 2017 // Swiss Re reported net income of US$656 million during the first quarter of 2017, a 45 percent drop from $1.2 billion reported in the same period last year.Swiss Re’s Q1 result was hammered by expected claims from...
May 3 2017 // Canada’s largest property/casualty insurer, Intact Financial Corp., has agreed to acquire U.S. specialty insurer OneBeacon from White Mountains Insurance Group for US$1.7 billion. The merger will create a North...
May 1 2017 // CNA Financial Corp. announced first quarter 2017 net income of $260 million and net operating income of $235 million, compared to $66 million and $91 million for the first quarter 2016.Property & Casualty...
Apr 28 2017 // Desjardins Group is looking to acquire insurers, wealth managers and payments firms to expand further outside Quebec and challenge the dominance of Canada’s big financial services firms, Chief Executive Officer Guy...
Apr 28 2017 // Surplus lines wholesale brokerage tKg has hired Mark Walker to serve as vice president and broker in the company’s P&C Eastern division, based in Charlotte, N.C. Walker has more than 22 years of experience...
Apr 26 2017 // Chubb Limited reported net income for the quarter of $1.09 billion, compared with $439 million for the same quarter last year. Operating income was $1.17 billion, compared with $1.01 billion, for the same quarter last...
Apr 26 2017 // Ed, the London-based reinsurance, wholesale and specialty broker, announced the appointment of John Plummer as chairman of Property & Casualty. Plummer takes up his role with immediate effect.Plummer brings over 30...
Apr 21 2017 // The global insurance industry is set to grow more strongly at 4.5 percent per annum on average (3.0 percent in real terms, or adjusted for inflation) during 2017 and 2018, according to Munich Re.While premium income is...
Apr 21 2017 // The Main Street America Group has made changes to its personnel, including promoting Tom Frazier, the company’s chief investment officer, to senior vice president. Frazier has been a Main Street America vice...