Despite considerable operating challenges in 2020 from the global COVID-19 pandemic, U.S. property/casualty (P/C) insurers saw a statutory underwriting profit for the third consecutive year, with an average 99% combined ratio, according to Fitch Ratings in a new report. In …
Assurant, Inc., a provider of specialized insurance and insurance-related products and services, has finalized the structure of the company’s 2013 Property Catastrophe Reinsurance Program, including $185 million of newly issued three-year, fully collateralized catastrophe bonds. Multiple factors are considered in …
Berkshire Hathaway’s Berkshire Hathaway Specialty Insurance, its recently formed commercial property casualty insurance group, has commenced operations, underwriting property, casualty, professional and executive liability insurance and programs for customers in the U.S. “It’s official: We are moving into commercial insurance …
Ironshore Canada Ltd., a subsidiary of Ironshore International, has increased capacity to $30 million for its specialty casualty lines for 2013. Ironshore Canada Specialty Casualty division offers coverages to protect a range of industry sector risks, including manufacturing, commercial construction, …
Insurers directly contributed $29.4 billion to California’s 2010 gross state product, or for 1.6 percent of the state’s GSP, according to the report issued on Friday by the Insurance Information Network of California. The report shows property/casualty insurers provided 209,016 …
The third-quarter earnings season is almost here. And analysts at research firm Keefe, Bruyette & Woods published their propety/casualty insurance earnings preview this morning. Overall, the analysts expressed optimism for the P/C insurance sector. The third-quarter earnings season will reflect …
While insured losses in the United States from Hurricane Isaac likely will fall between $1 billion and $2 billion, according to some risk management experts, the storm’s impact will not severely impact the property/casualty insurance industry in Louisiana, the state’s …
A new analysis shows that while the private U.S. property/casualty insurers suffered deteriorating results in 2011, they still ended the year with a strong and improved fourth-quarter. Private U.S. P/C insurers’ net income after taxes fell to $19.1 billion in …
Insurance Commissioner Dave Jones marked his first full year in office last month by looking back on his and the California Department of Insurance’s accomplishments during 2011. Insurance Journal wants to know from those in the industry: Is Jones an …
Insurance Commissioner Dave Jones marked his first full year in office last month by looking back on his and the California Department of Insurance’s accomplishments during 2011. Insurance Journal wants to know from those in the industry: Is Jones an …
