All the headlines from our Property Casualty Topic Page, ordered by recency.
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...
Dec 8 2016 // The 2016 Atlantic hurricane season concluded on Nov. 30 with 15 named storms generating seven hurricanes, three of which were considered major ones, according to the industry’s Insurance Information Institute...
Dec 7 2016 // Gary J. Gruber has been promoted president and chief operating officer of Great American Insurance Co., effective January 1, 2017. Gruber will become the seventeenth president in Great American’s 145-year history,...
Dec 5 2016 // The Demotech Company Classification System categorizes insurers into one of 11 categories based on an analysis of data reported by companies to the National Association of Insurance Commissioners (NAIC). The 11 categories...
Dec 3 2016 // Insurance Journal and Demotech, Inc. announced that the inaugural Super Regional P/C Insurer Conference will be held July 16-18 2017 at the Grand Geneva Resort & Spa in Lake, Geneva, Wis.The theme of the event is...
Dec 1 2016 // Maximum, an independent, Chicago-based excess and surplus lines wholesaler, has added Michelle Murray, who has a property and casualty background, to its office in Tampa, Fla. Murray is a Tampa native and will offer...
Nov 29 2016 // Net ultimate asbestos losses for the U.S. property/casualty industry have risen once again. They’re now at $100 billion, and that’s $15 billion higher than the previous estimate, according to a new A.M. Best...
Nov 21 2016 // Former long-time Chubb executive Dino E. Robusto assumes the roles of CNA chairman and chief executive officer on Nov. 21, succeeding Thomas F. Motamed, who is retiring after eight years in those positions.The succession...
Nov 21 2016 // Technology innovation will provide the biggest growth opportunities for reinsurers in the year ahead, according to a survey by Guy Carpenter & Co. The survey polled executives from insurance and reinsurance companies,...