All the headlines from our Property Casualty Topic Page, ordered by recency.
Dec 27 2012 // Analysts at two rating agencies, Fitch and Moody’s, believe property/casualty insurers’ prior-year loss reserve takedowns will continue to outpace reserve additions in 2013.The analysts spoke about P/C industry...
Dec 18 2012 // AssuredPartners Inc., based in Lake Mary, Fla., recently announced the acquisition of two independent insurance agencies.In its first significant expansion west of the Mississippi River, AssuredPartners acquired...
Dec 18 2012 // Although returns-on-equity for the property/casualty insurance industry are lagging in the mid-to-upper single-digit range, equity analysts expect companies they recommend with “Buy” ratings to garner returns...
Dec 17 2012 // A.M. Best Co. has affirmed the financial strength rating (FSR) of’ A+ (Superior) and issuer credit ratings (ICR) of “aa-” of the property/casualty members of Berkley Insurance Group – Admiral...
Dec 17 2012 // Although analysts following the property/casualty insurance industry expect underwriting results for 2012 to be better than 2011 when full-year numbers are tallied, double-digit overall returns-on-equity are still not...
Dec 17 2012 // Welcome to Insurance Journal‘s Annual Buyer’s Guide, your A-Z for P&C.Looking for insurance services, products, and solutions? Save this valuable directory – it’s listed by category so...
Dec 17 2012 // Associated Agencies Inc., based in Rolling Meadows, Ill., has promoted Joshua Herz to president, making him the fourth person in the same family to hold the position.Herz succeeds his cousin, Max (Skip) R. Schrayer, who...
Dec 14 2012 // Fitch Ratings has maintained its stable outlook for both the commercial and personal lines sectors of the U.S. property/casualty insurance industry. Insurers have withstood less favorable underwriting and economic...
Dec 13 2012 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aaa” of United Services Automobile Association (USAA) and its property/casualty...
Dec 5 2012 // Greenwich, Conn.-headquartered W.R. Berkley Corp. announced Gregory A. Douglas has been named president of its B F Re Underwriters unit. The appointment is effective January 1, 2013.Douglas succeeds Daniel L. Avery, who...
Dec 4 2012 // Greenwich, Conn.-headquartered W.R. Berkley Corp. announced Michael P. Dandini has been named president of the company’s FinSecure LLC unit. Dandini has nearly 20 years of experience in the property/casualty...
Dec 3 2012 // Fitch Ratings has downgraded the long-term National Scale ratings of 12 insurance companies in Argentina, and has also revised the companies’ rating outlooks to negative from stable.Fitch said it took the rating...
Dec 3 2012 // Onex Corp., USICanadian private equity firm Onex Corp. agreed to acquire insurance brokerage USI from Goldman Sachs Group’s GS Capital Partners private equity fund in a transaction valued at $2.3 billion. The deal is...
Nov 30 2012 // Kemper Corp. announced that Denise I. Lynch has been named property/casualty group executive effective Dec. 1.She will report directly to Donald G. Southwell, Kemper’s chairman, president and chief executive officer....
Nov 19 2012 // Five years ago, Massachusetts introduced its “managed competition” program — and since then, there has been an influx of direct writing and direct response companies coming into Massachusetts and...
Nov 19 2012 // Arthur J. Gallagher, Coyle Insurance Agency, Unison Inc., Aires Consulting GroupArthur J. Gallagher & Co. recently announced acquisitions of three Midwest-based firms — Coyle Insurance Agency Inc., Unison Inc....
Nov 15 2012 // Ironshore Inc. announced that Mark Scully has been named Global Chief Actuary, to be based in the New York office. He will be responsible for overseeing Ironshore’s global actuarial team, reporting to Kevin H....
Nov 11 2012 // American International Group Inc. said it will now use AIG as the name for all of its global property/casualty operations, including Chartis, in most locations, and that the company’s life and retirement segment is...
Nov 8 2012 // Marsh & McLennan Agency LLC, a subsidiary of insurance broker Marsh Inc., acquired Worcester, Massachusetts-based The Protector Group Insurance Agency, one of the largest independent agencies in New England. Terms of...
Nov 8 2012 // Swiss Re reported net income of $2.2 billion in the third quarter of 2012, compared to $1.3 billion in the prior-year period, and a return on equity of 28 percent, “driven by continued strong performance from...