All the headlines from our Property Casualty Topic Page, ordered by recency.
Apr 29 2016 // Swiss Re AG, the world’s biggest reinsurer, reported lower first-quarter profit as the company bulked up its reserves and pricing in the industry remained under pressure.Net income dropped to $1.23 billion from $1.44...
Apr 27 2016 // Kingstone Companies Inc., a multi-line regional property/casualty insurance holding company based in New York, announced that David Delaney has joined the senior management team at its subsidiary Kingstone Insurance...
Apr 27 2016 // Arkansas Insurance Commissioner Allen Kerr has approved Ohio-based All America Insurance Co. (AAIC) and Central Mutual Insurance Co. (CMIC) to do business in the state.The companies now have the authority to offer...
Apr 22 2016 // United Insurance Holdings Corp. (UPC Insurance), a property/casualty insurance holding company based in St. Petersburg, Florida, announced that it received formal approval from the New York State Department of Financial...
Apr 22 2016 // SCOR Global P&C increased gross written premiums by 4.7 percent at the recent April renewals, based on constant exchange rates, with total premiums rising from €420 million ($474.7 million) to €440 million ($497.3...
Apr 20 2016 // AmTrust Financial Services said it has agreed to buy specialty insurance company ANV Holdings B.V. and its Lloyd’s affiliates for $218.7 million in cash.The seller is the Ontario Teachers’ Pension Plan. As part...
Apr 19 2016 // AXA is targeting the rapidly expanding market for African specialty insurance by partnering with Chaucer, a Lloyd’s specialty insurance group.The new venture, called “AXA Africa Specialty Risks,” will be...
Apr 18 2016 // Swiss Re Americas announced a new structure and leaders for the company’s U.S. property/casualty markets.The changes follow Bill Donnell’s departure as president of Swiss Re Americas’ U.S....
Apr 18 2016 // Direct premium written (DPW) for property/casualty (P/C) insurance companies continues to increase, albeit gradually. At year-end 2014, more than $570 billion of DPW was reported. For 2015, total DPW for all P/C insurers...
Apr 18 2016 // The pricing declines enjoyed by most buyers for several renewal cycles are beginning to slow down, raising the likelihood that companies will experience some price increases in various commercial lines of insurance in the...
Apr 13 2016 // Stocks prices of U.S. property/casualty insurance companies rebounded in fourth-quarter 2015 after a tumultuous third quarter. For 42 U.S. publicly traded P/C stocks analyzed by A.M. Best, the average return for the fourth...
Apr 8 2016 // The pricing declines enjoyed by most buyers for several renewal cycles are beginning to slow down, raising the likelihood that companies will experience some price increases in various commercial lines of insurance in the...
Apr 6 2016 // Alternative capital continues to make its presence felt in the reinsurance market, increasing by 12 percent during 2015 to $72 billion, while traditional capital decreased by 4 percent to $493 billion, according to a...
Apr 5 2016 // AXA Philippines announced it has completed the acquisition of Charter Ping An Insurance Co. for €40 million ($45.6 million) from GT Capital. The acquisition of CPA, the fifth largest non-life insurer in the Philippines,...
Apr 4 2016 // Universal Insurance Holdings Inc., an insurance holding company in Fort Lauderdale, Florida, is continuing its expansion into the Northeast.The company announced in March that its subsidiary Universal Property &...
Apr 4 2016 // The property/casualty insurance data and rating organization ISO will collect and help analyze terrorism data this year for the U.S. Department of the Treasury, the federal agency charged with gauging the effectiveness of...
Apr 4 2016 // If they are not careful, property/casualty insurers could jeopardize their credit ratings with their expansion into standalone cyber insurance, a rating agency has warned.Cyber attacks pose dangerous risks and uncertainty...
Apr 4 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...
Mar 30 2016 // Cincinnati, Ohio-based Great American Insurance Group promoted Sue A. Erhart to general counsel and Eve Cutler Rosen was named executive counsel within the company’s property and casualty legal group. Erhart will...
Mar 28 2016 // Chubb has appointed Darren Cantas its head of Risk Engineering for Property and Casualty in Asia Pacific.He will continue to lead the region’s P&C Risk Engineering Services team, comprising 32 risk engineers...