All the headlines from our Property Casualty Topic Page, ordered by recency.
Jan 25 2017 // For private U.S. property/casualty insurers, the first nine months of 2016 were markedly worse than the same period in 2015, due to higher catastrophe losses and less favorable reserve development.The period produced a...
Jan 23 2017 // Claims management firm Crawford & Co. has named Kenneth Tolson chief executive officer of its U.S. Property & Casualty group. Tolson will be responsible for the company’s U.S. field operations and catastrophe...
Jan 23 2017 // A panel of financial experts discussed the opportunities and challenges they see ahead in 2017 at the Insurance Information Institute’s (III) 21st Annual Property and Casualty Insurance Joint Industry Forum, held...
Jan 23 2017 // Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually. At year-end 2015, approximately $585 billion of DPW was reported, a record-high for the industry. For 2015,...
Jan 23 2017 // Massachusetts Gov. Charlie Baker has appointed Todd R. Johnson, senior vice president and property-casualty practice leader of the USI Insurance Services’ (USI) Massachusetts offices located in Woburn, Needham and...
Jan 23 2017 // Wisconsin Insurance Commissioner Ted Nickel has been elected as president of the National Association of Insurance Commissioners (NAIC).Created in 1871, the NAIC establishes standards and conducts peer reviews for...
Jan 23 2017 // Ryan Specialty Group LLC has named Charlie Rosson senior vice president.Rosson is based in San Francisco, Calif. He will work to develop RSG penetration with brokers on a national basis. He has 23 years of experience in...
Jan 19 2017 // XL Catlin’s P&C Underwriting Capital Management operation has appointed Anne Middleton to manage its ceded reinsurance placements globally.In her new role, Middleton, who is based in Londo, will be responsible...
Jan 18 2017 // New York-based insurance broker and consultant, NFP, has acquired City Securities Insurance LLC in Indianapolis.The transaction closed on Dec. 30, 2016. City Securities Insurance is a full service property/casualty and...
Jan 4 2017 // Duck Creek Technologies, a Boston-based provider of core system cloud services and software to the global property/casualty insurance industry, said it has acquired Yodil, an insurance data management software firm based...
Dec 29 2016 // It’s no secret that the insurance industry is facing a huge talent gap. Almost half of all insurance professionals are over age 45, with 25 percent of the industry expected to retire by 2018. That’s a...
Dec 28 2016 // The Insurance Regulatory and Development Authority of India (IRDAI) has granted SCOR “R3 authorization,” allowing the group to open a composite branch office in India to conduct life and P/C reinsurance...
Dec 27 2016 // In the year 2016, as in past years, there were the familiar or continuing stories including reinsurers still wishing and hoping for a hardening market; property/casualty insurance carriers reporting financial results...
Dec 21 2016 // Zhongan Online P&C Insurance Co. scrapped plans for an initial public offering in Hong Kong or the U.S. and is instead focusing on a listing in mainland China, people familiar with the matter said.Lukewarm overseas...
Dec 19 2016 // Guidewire Software, which serves property/casualty insurers, has agreed to acquire another insurance software firm, San Jose, California-based ISCS, for $160 million in cash.The deal gives Guidewire entry into the small...
Dec 19 2016 // The Texas Department of Insurance has issued a mandatory annual data call to all insurance companies writing private passenger nonfleet automobile, homeowners multiple peril, workers’ compensation, commercial fire...
Dec 14 2016 // Great American Insurance Group announced that Michael E. Sullivan Jr. has been promoted to executive vice president and David L. Thompson Jr. has been promoted to senior vice president within its property/casualty...
Dec 12 2016 // The outlook for the Canadian property and casualty (P/C) industry is stable, driven by good demand, strong underwriting discipline and solid balance sheets, says Moody’s Investors Service in a report. However, these...
Dec 12 2016 // Lake Geneva, WI, December 12, 2016- Insurance Journal and Demotech, Inc. announced their inaugural Super Regional P/C Insurer Conference, held July 16-18 2017 at the Grand Geneva Resort & Spa in Lake Geneva,...
Dec 9 2016 // XL Catlin’s reinsurance operations has announced two key leadership appointments for Bermuda and London, both effective January 2017.Jonathan (Jon) Gale, currently chief executive London Reinsurance, will take over...