Latest Property Casualty Headlines

Jul 7 2008 // People McQueary Henry Bowles Troy LLP (MHBT) added Jim Anderson as senior vice president in the Dallas-based firm’s property/casualty group. Anderson will oversee the production and account management of...

People

Jul 7 2008 // Richmond, Va.-based insurance broker Hilb Rogal & Hobbs Co. promoted F. Michael Crowley to president and chief operating officer. As president, Crowley has been responsible for HRH’s retail operations. In the...

Japan: Risk and Rewards

Jul 7 2008 // A Glimpse into Japan’s Property and Casualty Market The Japanese property and casualty insurance market is ripe for opportunities, but there also are significant risks in the country, according to Keiji Fukasawa of...

Exclusive Survey, Part 2: Strengths and Weaknesses – What Agents Think of Regional and National P/C Insurers

Jul 7 2008 // Regional P/C Insurers Beat Out Nationals on Compensation, Claims; Nationals Outperform on Technology Regional carriers come out on top in agency compensation and claims services, while nationals outscore regionals on loss...

Bowring Marsh Formed to Handle Specialist International P/C Placements

Jul 1 2008 // Marsh has resurrected a name from the past with the announcement of the formation of Bowring Marsh as its specialist international placement broker for property (including terrorism) and casualty risks. Mark Gregory,...

Conning Research: P/C Loss Reserves Position Deteriorated in 2007

Jul 1 2008 // While the property/casualty industry still appears to have strong reserves, overall its position began to deteriorate in 2007, according to a new study by Conning Research and Consulting Inc. “The property-casualty...

S&P: Rising Claims, Competition Squeeze Canadian P/C Insurers

Jun 26 2008 // “Lack of premium growth nationwide and diminished results in the Ontario auto segment restrained results for Canadian property and casualty insurers in the past year,” according to a newly published report from...

P/C Insurers’ Underwriting, Investment Results Deteriorate in First Quarter

Jun 25 2008 // The U.S. property/casualty insurance industry’s net income after taxes fell to $8.2 billion in first-quarter 2008 from $16.2 billion in first-quarter 2007. Contributing to the $8 billion, or 49.3 percent, decline in...

Strengths and Weaknesses, Part 1: What Agents Think of Regional, National P/C Insurers

Jun 25 2008 // Regional carriers rate better in underwriting experience, relationships and stability as well as in customer service and agency relations than their national competitors in the view of independent agents. Regional insurers...

Demotech, IJ Salute 152 Super Regional P/C Insurers

Jun 24 2008 // There are 152 Super Regional Property/Casualty Insurers™ in the country, with American Family Mutual Insurance Co. at the top of the list. This year marks the second year that the actuarial services firm Demotech...

Best Announces Rating Actions of 53 Canadian Insurers

Jun 23 2008 // A.M. Best Co. has affirmed the financial strength ratings (FSR) and issuer credit ratings (ICR) of 30 Canadian P/C companies; upgraded seven FSRs and ICRs; upgraded seven ICRs (with no change to the FSRs); assigned four...

Jun 16 2008 // People Dallas-based Colemont Insurance Brokers promoted Su Young to vice president in Colemont’s Texas office. Young joined Colemont in 2001 as part of the Texas financial services team and is located in Houston. She...

People

Jun 16 2008 // Golden Eagle Insurance, a Liberty Mutual Agency Markets regional company, appointed Pete McPartland president and CEO. McPartland comes from General Casualty in Sun Prairie, Wis., where he led insurance operations for QBE...

Super Regional P/C Insurers™

Jun 16 2008 // Multi-State, Players Multi-Line Revealed While many property/casualty insurers referred to themselves as super regionals, the definition of a super regional insurer remained unclear until the Feb. 12, 2007, issue of...

Exclusive Survey, Part 1: Strengths and Weaknesses – What Agents Think of Regional and National P/C Insurers

Jun 16 2008 // Where Regional P/C Insurers Beat Out Nationals … and Where Nationals Outperform Regionals Regional carriers rate better in underwriting experience, relationships and stability as well as in customer service and agency...

Fitch: U.S. P/C Industry Shifts To Modest Underwriting Loss In 2008

Jun 13 2008 // Fitch Ratings said that following a review of industry aggregate statutory financials for year-end 2007 and 1Q 2008, the rating agency has updated its full-year 2008 U.S. Property/Casualty industry forecast and now...

Analysts: Insurers Equipped to Weather Subprime Mortgage Crisis

Jun 12 2008 // Insurers continue to emerge from the credit crisis with strength and are among the least impacted of all financial institutions, according to a senior ratings agency official speaking at the Casualty Actuarial...

Texas’ April Enforcement Actions Result in $771K in Fines, Restitution

Jun 10 2008 // Enforcement actions taken by Texas Insurance Commissioner Mike Geeslin that became final during April 2008 include nine license revocations, two license denials and fines and restitution totaling $771,165. The today...

PartnerRe Makes Executive Changes in Global (Non-U.S.) Operations

Jun 2 2008 // Bermuda-based PartnerRe has announced the following executive changes in its Global (Non-U.S.) Operations: — Emmanuel Clarke has been named as Head of Specialty Lines, Global, effective Sept. 1, 2008. — He...

S&P Keeps Nationwide on CreditWatch

Jun 2 2008 // Standard & Poor’s Ratings Services has announced that it is keeping its ratings on Nationwide Financial Services Inc. (NFS), its subsidiaries, and related securities on CreditWatch with negative...