All the headlines from our Property Casualty Topic Page, ordered by recency.
Sep 2 2014 // The leadership transition at insurer American International Group Inc. is like switching generals after winning a war, Chairman Steve Miller said.“We’re changing generals as we move from wartime to...
Sep 2 2014 // Arthur J. Gallagher Risk Management Services Inc. has acquired Dezelan Insurance Agency located in Indianapolis, Ind. Founded in 1927, Dezelan Insurance Agency (Dezelan) is a retail insurance broker providing...
Aug 29 2014 // Stuart Parker, currently chief operating officer at San Antonio-based USAA has been named to succeed current CEO Joe Robles when he retires at the end of February 2015.USAA Capital Corporation President Carl Liebert will...
Aug 27 2014 // Enstar Group Limited in Bermuda said Tuesday it has entered into a definitive agreement to acquire Companion Property and Casualty Insurance Company from Blue Cross and Blue Shield of South Carolina.The total consideration...
Aug 14 2014 // Nationwide Mutual Insurance Co.’s property/casualty arm performed solidly in the 2014 second quarter, despite the Polar Vortex and major storm activity that hampered earnings over the first six months of the year.The...
Aug 11 2014 // First American Property and Casualty Insurance Group has named James J. Court president of the company.Court is based in the company’s office in Santa Ana, Calif. Dirk McNamee assumes the role of vice chairman. Court...
Aug 5 2014 // Independent insurance agents and brokers reported median organic growth of 5.8 percent for the second quarter of 2014, a weakening from 6.2 percent for the first quarter of 2014 and 6.9 percent for the second quarter of...
Aug 5 2014 // A report from A.M. Best concludes that “global merger and acquisition (M&A) activity in the property/casualty (P/C) and reinsurance industries continued at a steady pace in the first half of 2014.”Best said...
Aug 4 2014 // Net income for Berkshire-Hathaway soared nearly 41 percent to $6.4 billion in second-quarter 2014, with nearly $2.0 billion of investment gains lifting the total, while underwriting profits for Berkshire-Hathaway’s...
Aug 4 2014 // About This Report: Welcome to the 10th annual Insurance Journal Top 100 Independent Property/Casualty Agencies report.The Top 100 list is ranked by total property/casualty agency revenue for 2013 and comprises only those...
Aug 4 2014 // This year marks the 10th annual publication of Insurance Journal‘s Top 100 Independent P/C Agencies report.In our effort to identify the nation’s leading privately-held independent property/casualty insurance...
Aug 1 2014 // The Hartford Financial Services Group’s Liam McGee, who stepped down as president and CEO on July 1 but will remain executive chairman until next year’s shareholder meeting, spoke about the company’s...
Aug 1 2014 // The Hartford Financial Services Group announced a realignment of its senior leadership positions.The Hartford CEO Christopher J. Swift said the realignment is part of the company’s strategy to grow the Property &...
Jul 31 2014 // The Hartford Financial Services Group said Wednesday its 2014 second quarter net loss widened to $467 million, compared to a net loss of $190 million during last year’s second quarter. The results were hit by $617...
Jul 30 2014 // A decision by California Insurance Commissioner Dave Jones to fine UnitedHealth Group $173.6 million for violations having to do with the Unfair Business Practices Act, the Unfair Insurance Practice Act and unfair claims...
Jul 30 2014 // Heffernan Insurance Brokers recently hired Patrick Rohan to join its New York office as an associate vice president. Rohan will focus on building the nonprofits and municipalities niche practices for Heffernan. Rohan is a...
Jul 24 2014 // Global top performers in the high-churn personal insurance industry win over customers with consistent outreach that relies on multiple channels for customers to connect including phone, internet or face-to-face. However,...
Jul 23 2014 // ACE Limited reported net income of $779 million for the first quarter of 2012, compared to $891 million in Q2 2013. For the first six months of 2014 ACE had net income of$1.513 billion, compared to $1.844 billion in the...
Jul 22 2014 // Berkshire Hathaway’s General Re has announced a number of senior appointments in the Asia Pacific region, as follows:Pietro Toffanello will assume the role of Property/Casualty Regional Manager for Asia Pacific, in...
Jul 21 2014 // USI Insurance Services announced the closing of the acquisition of BHB Insurance Services in Toms River, New Jersey. Terms of the transaction were not disclosed. USI says BHB is best known for its community associations...