All the headlines from our Property Casualty Topic Page, ordered by recency.
Aug 3 2015 // NFP, a New York City-based provider of employee benefits, property/casualty insurance, retirement and wealth management services, announced today its acquisition of BWD Group LLC in Plainview, New York. Terms of the...
Aug 3 2015 // Deal count for the second quarter of 2015 was one of the most active quarters on record with 87 announced transactions. The total deal count for year-to-date 2015 (as of July 6, 2015) was at 187 (U.S. based transactions)....
Jul 30 2015 // Shares in Swiss Re, Europe’s second-biggest reinsurer, fell the most since April in Zurich trading after second quarter earnings missed analysts’ estimates on lower profitability at its property and casualty...
Jul 28 2015 // The Hartford reported core earnings of $389 million for the second quarter 2015, an increase of $245 million from $144 million in second quarter 2014. The increase was due in part to improved underwriting results with...
Jul 28 2015 // ACE Limited, which announced plans to acquire Chubb for $28 billion earlier this month, has designated a post-merger leadership team for the North American Insurance operations of the combined company.The North America...
Jul 23 2015 // Universal Insurance Holdings Inc. in Fort Lauderdale, Florida, announced on July 21 that its wholly-owned subsidiary Universal Property & Casualty Insurance Company (UPCIC) received a certificate of authority from the...
Jul 23 2015 // Dan Daniel Crawford & Company has named Dan Daniel as vice president, U.S. Property & Casualty client development. He formerly served as vice president of Catastrophe Services for U.S. Property & Casualty for...
Jul 21 2015 // The U.S. property/casualty insurance industry managed to improve its underwriting results and attain higher net investment income to produce a 12.9 percent increase in pre-tax operating income in the first quarter of 2015...
Jul 20 2015 // QBE North America said Eric Pruss, formerly of Chubb and Fireman’s Fund, has joined the organization as senior vice president and head of Property/Casualty Personal Lines. Pruss will lead the business of personal...
Jul 20 2015 // The Hartford has named A. Morris “Mo” Tooker as executive vice president and chief underwriting officer for the company’s property/casualty insurance businesses. Tooker will oversee underwriting across...
Jul 20 2015 // Church Mutual Insurance Co., based in Merrill, Wis., added Laura J. Hughes as chief marketing officer.She has more than 20 years of experience and an emphasis on the financial services industry. Prior to joining Church...
Jul 20 2015 // In a major transaction, ACE Limited has agreed to acquire The Chubb Corp. for $28.3 billion in cash and stock.The balance sheet’s size and strength will elevate the combined company into the elite group of global P/C...
Jul 20 2015 // The Demotech Company Classification System, established in the Feb. 12, 2007 issue of Insurance Journal, categorizes insurers into one of 11 categories based on an analysis of data reported by the companies to the National...
Jul 20 2015 // Just a little over six months ago, ACE announced a deal to acquire the high-net-worth personal lines business of Fireman’s Fund from Allianz, competing against Chubb, which holds the leading position in the space.The...
Jul 20 2015 // Vermont regulators recently issued a bulletin addressing the issue of price optimization in personal lines ratemaking, warning insurers that adjustments to rates may not be based on non-risk-related factors.The Vermont...
Jul 17 2015 // Japanese insurers including MS&AD Insurance Group Holdings Inc. and Sompo Japan Nipponkoa Insurance Inc. are seeking mergers with peers in the United States, as a declining population at home forces them to pursue...
Jul 14 2015 // Insurance broker Lockton has added Jay Chappell in its Dallas/Ft. Worth operations as chief operating officer for its property/casualty business.Chappell will provide leadership and strategic business oversight for client...
Jul 6 2015 // Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually. At year-end 2014, more than $570 billion of DPW was reported, a record-high for the industry. For 2014, total...
Jul 2 2015 // Vermont regulators issued a bulletin last week addressing the issue of “price optimization” in personal lines ratemaking.The Vermont Department of Financial Regulation (DFR) noted in the bulletin that some...
Jul 1 2015 // Evan Greenberg just took dealmaking to the next level.The chief executive officer of property/casualty insurer ACE Ltd. on Wednesday announced a $28 billion deal for rival Chubb Corp. It’s the biggest acquisition in...