Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
N.J.’s National Atlantic, Commerce Group of Mass. in Talks
Sep 19 2006 // New Jersey property casualty insurer National Atlantic Holdings Company has confirmed that it is engaged in preliminary discussions regarding potential transactions with The Commerce Group, Inc. of Webster, Mass. The...
Report Identifies Major Risks for P/C Insurers
Sep 19 2006 // Casualty Actuarial Society, ERM Institute International, Ltd (ERM-II), and the CAS/SOA Risk Management Section have released the results of a major research project titled “Enterprise Risk Management for...
Insurers Urge Calif. to Drop Proposed Rate of Return Regulations
Sep 13 2006 // Three property/casualty insurance trade associations urged the California Department of Insurance (CDI) to abandon proposed regulations that would radically change how the CDI reviews and approves insurance company rate...
BISYS Acquires JCH Insurance Brokers
Sep 8 2006 // BISYS Commercial Insurance Services, a provider of commercial property and casualty insurance solutions, today announced its acquisition of JCH Environmental Insurance Brokers, the environmental practice of JCH Insurance...
Revenue is King for P/C Insurers, But Bigger Isn’t Better, Study Reports
Sep 6 2006 // A comprehensive study of property and casualty insurance companies in North America, Western Europe and Australia has determined that the top line is more often the bottom line than previously thought. Bain finds that the...
Fitch: P/C Insurers’ Performance Exceeding Estimates for ’06
Sep 6 2006 // The U.S. property/casualty insurance industry showed continued favorable and improved operating performance in the first half of 2006 and, based on first-half results and barring any unusual events going forward, the...
Texas Regulators Announce July 2006 Enforcement Actions
Sep 5 2006 // The Texas Department of Insurance recently announced enforcement actions taken by Commissioner Mike Geeslin that became final during July. The actions include 24 license revocations, one license denial and fines and...
The Commissioners
Sep 4 2006 // Indiana Insurance Director Jim Atterholt is focused on bringing more insurance companies to his state. Atterholt said the current Indiana governor has a strong pro-business philosophy and has made “growing insurance...
Establishing ethics for insurance professionals
Sep 4 2006 // The American Institute for Chartered Property and Casualty Underwriters (AICPCU), the American College and the Society of Financial Service Professionals founded Ethics Awareness Month in 1990. While it is impossible for...
Also, Phillip Hill was elected chief financial officer and vice president of operations. Hill has been part of Ogilvy-Hi
Sep 4 2006 // People Ogilvy-Hill Insurance elected Mark Shipp president and CEO. Shipp has been with Ogilvy Hill for 11 years. In addition to his new role as president/CEO he will continue to build new relationships in the field. The...
Establishing ethics for insurance professionals
Sep 4 2006 // The American Institute for Chartered Property and Casualty Underwriters (AICPCU), the American College and the Society of Financial Service Professionals founded Ethics Awareness Month in 1990. While it is impossible for...
Grant Joins SWBC as CEO of Property and Casualty Division
Aug 29 2006 // San Antonio, Texas-based Southwest Business Corporation (SWBC) announced that Nick Grant has joined SWBC as the chief executive officer of the Property and Casualty Division in their San Antonio office. As CEO of the...
Commerce Insurance Group Reorganizes at Top
Aug 23 2006 // The board of directors of The Commerce Group, Inc. has created two new positions to lead the company’s property and casualty insurance operations within and beyond Massachusetts. “As Commerce continues to grow...
Best Affirms Gen Re’s ‘A++’ Ratings
Aug 17 2006 // A.M. Best Co. has affirmed the financial strength ratings (FSR) of “A++” (Superior) and the issuer credit ratings (ICR) of “aa+” for the Delaware-based General Re Group. Best said the ratings apply...
Hannover Re on Track to Make Profit Goals; Q2 Net up 2% to $193.7 Million
Aug 8 2006 // “Our result as at 30 June is a good basis for achieving our 2006 profit target, namely a return on equity of at least 15 percent,” stated Hannover Re’s CEO William Zeller, as he presented the German...
Langford receives ICT’s Raymond Mauk Award
Aug 7 2006 // James Langford, an assistant vice president at the Texas Farm Bureau Insurance Companies, received the Raymond Mauk Leadership Award July 13, at the 14th Annual Mid-Year Property and Casualty Symposium. Langford becomes...
Best’s 2006 European review highlights common industry concerns
Aug 7 2006 // For the insurance industry, global controversies tend to obscure some equally important debates going on in smaller forums around the globe. The principal controversy in the U.S. revolves around state vs. federal...
Langford receives ICT’s Raymond Mauk Award
Aug 7 2006 // James Langford, an assistant vice president at the Texas Farm Bureau Insurance Companies, received the Raymond Mauk Leadership Award July 13, at the 14th Annual Mid-Year Property and Casualty Symposium. Langford becomes...
Best’s 2006 European review highlights common industry concerns
Aug 7 2006 // For the insurance industry, global controversies tend to obscure some equally important debates going on in smaller forums around the globe. The principal controversy in the U.S. revolves around state vs. federal...
Swiss Re 1st Half Profit up 16% to $1.27 Billion
Aug 4 2006 // Swiss Re reported a successful first half of 2006 with net income of CHF 1.566 billion ($1.27 billion), a 16 percent increase compared to a strong first half of 2005. Annualized return on equity was 13.9 percent and...
