All the headlines from our Property Casualty Topic Page, ordered by recency.
Apr 3 2023 // During a webinar about an insurance industry labor market survey, an industry recruiter said insurance carriers are losing ground to managing general agents in the war for talent.“On the property and casualty side,...
Mar 30 2023 // Key financial results for private U.S. property/casualty insurers significantly worsened in 2022 from a year earlier, according to preliminary results from global analytics provider Verisk and the American Property...
Mar 24 2023 // High inflation alone led to an increase in property/casualty claims of 5-7.5%, across five key markets in 2022, according to Swiss Re research.“In 2023, we expect that inflation should lead to an additional increase...
Mar 23 2023 // The U.S. property/casualty (P/C) industry recorded a $26.5 billion net underwriting loss in 2022, $21.5 billion more than the $5 billion underwriting loss reported in 2021, according to a report published by AM Best.The...
Mar 20 2023 // Just days after some 90,000 policies from troubled United Property & Casualty Insurance Co. were transferred to Slide Insurance as part of a wind-down of the carrier, it was announced that UPC is officially broke and...
Mar 6 2023 // During a webinar about an insurance industry labor market survey last month, an industry recruiter said that insurance carriers are losing ground to managing general agents in the war for talent.“On the property and...
Mar 1 2023 // Late last year, State Farm’s chief executive broke the news that the auto giant would record the largest underwriting loss in its 100-year history for 2022. On Monday, the news became official with a huge number...
Feb 24 2023 // Ten years ago this week, Wells Media announced the launch of CarrierManagement.com.Mark Wells, executive chair of Wells Media Group, introduced the brand explaining, “There are other publications that target the...
Feb 23 2023 // This post is part of a series sponsored by Insurance Quantified.Across the insurance landscape, commercial P&C firms are facing a host of challenges when it comes to underwriting talent. Rapid shifts in the makeup of...
Feb 22 2023 // AXIS Appoints Galanski as Head of North America Property & Casualty ProgramsGabriel Galanski has joined AXIS Capital Holdings Limited as head of North American property and casualty programs. Galanski will manage,...
Feb 22 2023 // Despite a range of disruptions, global commercial P/C insurance carriers have actually delivered good returns over the last few years—mostly thanks to higher premiums, which have risen 6 to 8 percent a year since 2018....
Feb 22 2023 // This edition of International People Moves details appointments at Swiss Re, MS Reinsurance, and Aon.A summary of these new hires follows here. Swiss Re Promotes Ningen to CEO, US P&C ReMonica Ningen has been named CEO...
Feb 20 2023 // Just days after some 90,000 policies from troubled United Property & Casualty Insurance Co. were transferred to Slide Insurance as part of a wind-down of the carrier, it was announced that UPC is officially broke and...
Feb 7 2023 // This edition of International People Moves details appointments at the brokers Howden Tiger, Aon and Miller.A summary of these new hires follows here. Howden Tiger Taps Carpenter’s Smith, Aon’s Walsh for...
Feb 1 2023 // One year after Slide Insurance made waves by taking over thousands of policies from a troubled Florida carrier, the young company has done it again.The Florida Office of Insurance Regulation on Tuesday signed a consent...
Jan 24 2023 // Managing general agent At-Bay said it has acquired an excess and surplus lines insurer licensed in 44 states from XL Insurance America to now become a full-stack carrier.“This milestone will allow us to accelerate...
Jan 20 2023 // Kerton Insurance Office of America has hired Kevin Kerton to its property and casualty division in Bonita Springs, Florida. As a commercial lines risk advisor, Kerton will focus primarily on construction and...
Dec 15 2022 // Insurance Journal is once again searching for the nation’s leading independent agents and to become part of the annual Top Property/Casualty Agent listing.Be recognized as an industry leader among the nation’s...
Dec 15 2022 // Munich Reinsurance America Inc. announced the retirement of Anthony J. Kuczinski as chief executive officer of Munich Re US P&C Companies and of Munich Re US Holding Inc., effective Dec. 31, 2022, with an agreed change...
Dec 6 2022 // High claims inflation and rising reinsurance costs are among the factors that prompted analysts at Moody’s Investors Service to change their outlook for the global property/casualty sector from stable to negative,...