Latest Property Headlines

All the headlines from our Property Topic Page, ordered by recency.

Markets/Coverages: kWh Analytics, Aspen Partner on Property for Renewables; Hub Starts People & Tech Consulting; DUAL New Fine Art Program

Jan 25 2023 // kWh Analytics, Aspen Partner on Property Insurance for RenewableskWh Analytics, a leader in climate insurance, announced the launch of property insurance for renewable energy assets with capacity partner Aspen Insurance....

MGA Arcadian Enters D&F Property Binding Agreement With Aviva for Worldwide Risks

Jan 23 2023 // Arcadian Risk Capital Ltd., a Bermuda-based managing general agent (MGA) and part of the “Class of 2020,” announced that it has entered into a direct and facultative (D&F) property binding arrangement with...

January Renewals See Hardest Property-Catastrophe Reinsurance Rates in a Generation

Jan 23 2023 // A convergence of global events has led to the hardest property catastrophe reinsurance market in a generation and a “complex,” “grueling” and “late” January renewal season, which went...

People Moves: Howden Italy Taps Aon’s Casini as CEO; BIBA Extends Evans’ Tenure as Chair; Sedgwick Promotes Simoncic to President, Property and International

Jan 12 2023 // This edition of International People Moves details appointments at Howden Italy, the British Insurance Brokers’ Association (BIBA), and Sedgwick.A summary of these new hires follows here. Howden Italy Taps...

Cat-Exposed Property Highlights Q4 Rate Increases: MarketScout

Jan 6 2023 // According to MarketScout’s Market Barometer, the fourth quarter 2022 composite rate for U.S. commercial lines of insurance was up 5.1%.The Dallas-based distribution and underwriting company said property insurance...

January Renewals See Hardest Property Catastrophe Reinsurance Rates in Generation

Jan 4 2023 // A convergence of global events has led to the hardest property-catastrophe reinsurance market in a generation and a “complex,” “grueling” and “late” January renewal season, which went...

People Moves: Sompo Int’l Taps Berkshire’s Crozier for UK Casualty; AXA XL Re Promotes Abend for Bermuda Property; Gallagher Re Names Senior Leaders in Holland

Dec 22 2022 // This edition of International People Moves details appointments at Sompo International, AXA XL Reinsurance and Gallagher Re.A summary of these new hires follows here. Sompo Int’l Taps Berkshire’s Crozier for UK...

UK MGA Pen Underwriting Launches Claims Hub Dedicated to Property, Liability

Dec 19 2022 // Pen Underwriting has launched a new regional claims hub in Chelmsford dedicated to managing commercial property and liability claims, which will complement its existing team of specialists in Manchester, England.As part of...

Kinsale Acquires Property in Richmond

Dec 16 2022 // Specialty insurance business Kinsale Capital Group, Inc. announced that it has acquired real estate property adjacent to its current headquarters in Richmond, Virginia for $76.2 million, through a wholly owned...

MGA Pixel Re Launched for Global Property, Energy Risks of $500M and Above

Dec 5 2022 // Connect Underwriting Ltd., a London-based specialist reinsurance managing general agent, announced the availability of new capacity via Pixel Re, a new dedicated, monoline reinsurance vehicle for global property and...

People Moves: Liberty Mutual New Global Property Product Lead; Canopius Head of U.S. Actuarial; Dresner Takes Everspan CEO Role

Nov 29 2022 // Liberty Mutual Appoints Maria Grace to New Role of Global Product Leader, PropertyLiberty Mutual Insurance has appointed Maria Grace as global product leader, property, effective January 3, 2023. Grace will be responsible...

Property Cat Reinsurance Rates Likely to Rise by More Than 10% in January Renewals

Nov 23 2022 // Reinsurance rates for property catastrophe business should increase by well over 10% when contracts are renewed in January 2023, according to a commentary from Fitch RatingsFitch expects double-digit percentage premium...

People Moves: Generali’s GC&C Names Marcato to Lead Financial Lines; BHSI Promotes Taylor for Property in ANZ; Optio Taps Hartford’s Barrett for Financial Lines

Nov 17 2022 // This edition of International People Moves details appointments at Generali’s Global Corporate & Commercial, Berkshire Hathaway Specialty Insurance and Optio Group.A summary of these new hires follows here....

Gallagher Acquires NC-based Intellectual Property Insurance Firm

Nov 15 2022 // The global insurance brokerage and consulting firm, Arthur J. Gallagher & Co., has acquired a North Carolina-based intellectual property insurance firm.PIUS, or Patent Insurance Underwriting Services, is considered a...

People Moves: Everest Re Taps AXA XL’s Mann to Lead Casualty, UK; RenRe Promotes Marra to CUO; Lockton Re Names Aon’s Ryan for Retrocession & Property Specialty

Nov 10 2022 // This edition of International People Moves details appointments at Everest Re, RenRe and Lockton Re.A summary of these new hires follows here. Everest Re Names AXA XL’s Mann Head of Casualty, UK BranchEverest...

Insuring Cannabis Summit: 2023 Bringing Lawsuits, Higher Property Rates, More Products

Nov 8 2022 // Powered by InsuranceJournal.tvAn increase in new markets, and better brand recognition and distribution from existing markets, has led to more competition in the insuring cannabis space. That’s a good for the...

People Moves: Dale Enters Marine Re With 2 MS Amlin Hires; Chubb Taps AGCS’ Turberville as Head of Hull, Global Mkts.; Argenta Names Blackwell Head of Property

Nov 4 2022 // This edition of International People Moves details appointments at Dale Underwriting Partners, Chubb and Argenta.A summary of these new hires follows here. Dale Underwriting Offers Marine Reinsurance With 2 Hires From MS...

Allstate Q3 Net Income in the Red; Continues Efforts to ‘Restore Property-Liability Margins’

Nov 3 2022 // Allstate Corp. said it recorded a third quarter net loss applicable to common shareholders of $694 million compared to net income of $508 million a year ago during the same time.Allstate’s Q3 combined ratio was an...

As Special Session Nears, Florida Chamber Urges More Property Insurance Reforms

Nov 2 2022 // Florida is in the midst of a swirling storm with a property insurance market that has been described as in free fall.In late August, we marked the 30th anniversary of Category 5 Hurricane Andrew making landfall in South...

Berkley Cooling on Professional Lines, Firing Up Property Cat Re Engines

Oct 26 2022 // Property cat reinsurance: “More.”Professional liability insurance: Not so much. The president and chief executive officer of W.R. Berkley Corp., Robert Berkley, Jr., shared his company’s appetite for...