Latest Property Casualty Headlines

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...

Best Affirms Hartford’s ‘A+’ Ratings

May 27 2008 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of the Hartford Insurance Pool and its P/C members. Best also affirmed the...

May 19 2008 // People Ohio-based Westfield Insurance appointed Diane Weidrick as executive, commercial lines services. Her responsibilities will include managing the lifecycle of Westfield’s commercial and specialty lines insurance...

Best Affirms Selective’s ‘A+’ Ratings

May 19 2008 // A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Selective Insurance Group and its seven P/C pooling members. Best also...

People

May 19 2008 // Charlotte, N.C.-based national wholesale insurance broker AmWINS Group Inc. named James Drinkwater president of its AmWINS Brokerage division. He will be responsible for the management of the division, which is focused on...

Nine Catastrophes to Cost P/C Insurers $3 Billion in First Quarter

May 19 2008 // U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $3.35 billion for first-quarter property losses resulting from nine catastrophes. The nine events identified as catastrophes by the...

May 19 2008 // People Ohio-based Westfield Insurance appointed Diane Weidrick as executive, commercial lines services. Her responsibilities will include managing the lifecycle of Westfield’s commercial and specialty lines insurance...

Integrity Mutual Names Kath as President; Schinler Retires

May 16 2008 // Appleton, Wis.-based Integrity Mutual Insurance Company recently named Darin L. Kath as president-designate, effective June 2. Richard J. Schinler, current president and chief executive officer, will retire after 25 years...

AXA Q1 Group Sales Fall by 2.7% to $43.5 Billion

May 8 2008 // France’s AXA Group, Europe’s second-biggest insurer, said first-quarter group sales fell 2.7 percent to €28.066 billion ($43.46 billion) with turnover hurt by adverse foreign exchange rates and the credit...

People

May 5 2008 // Patrick G. Ryan, founder and executive chairman Aon Corp., said he intends to retire Aug. 1, 2008. Ryan said the firm’s transition to a new management team under CEO Greg Case is complete. Ryan founded Aon, which has...