Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
Aviva to Sell Asian P/C Business to Mitsui Sumitomo
Sep 7 2004 // The U.K.’s Aviva (ex-CGNU) has agreed to sell its Asian non-life business to Japan’s second largest general insurer (after Tokio Marine) Mitsui Sumitomo Insurance Co Ltd. (MSI), for £249 million ($443...
N.J. Dept. Posts Insurance Company Reviews
Sep 7 2004 // Residents wanting to learn more about an insurance company they do business with can now access market conduct information online. Sixteen insurance company examinations are on the New Jersey Department’s Web site...
Sandlin Named New Practice Leader at Summit Global
Sep 6 2004 // Insurance brokerage and consulting firm Summit Global Partners of Texas Inc. announced the selection of Diane N. Sandlin as property and casualty practice leader of its Austin and Houston offices. Sandlin will manage...
Three Years Later: Industry Rebuilds from 9/11, But Doesn’t Forget
Sep 6 2004 // Robert Hartwig, senior vice president and chief economist for the Insurance Information Institute (I.I.I.), knows that while Tuesday, Sept. 11, 2001, will never be forgotten both inside and outside the insurance industry,...
RiskProNet Members Offer Tips for Successful Cross-Selling
Sep 6 2004 // Giving lip service to the benefits of cross-selling is easy. Executing the strategy is quite a bit harder. What are key ingredients in successfully cross-selling property/casualty and employee benefits? At RiskProNet...
ACE Announces Japan, N.Z. Management Changes
Aug 31 2004 // ACE Overseas General, the non-U.S. insurance operations of The ACE Group of Companies, announced from Bermuda that Neil C. Smith has been appointed as President of ACE Far East. He succeeds Scott Pickering, who has been...
Weiss: P/C Insurers Report First Underwriting Profit Since 1997
Aug 31 2004 // Dramatic improvements in underwriting performance by the nation’s property/casualty insurers led to the first underwriting gain in nearly seven years, according to the Jupiter, Fla.-based financial analysis firm...
Swiss Re 1st Half Net Doubles to $1.1 Billion
Aug 26 2004 // Swiss Re’s excellent results for the first half of 2004 is additional evidence that 2004 promises to be a banner year for industry bottom lines. The Zurich-based reinsurer announced that its net income during the...
Property/Casualty Brokers Let Feedom Ring
Aug 23 2004 // Regulators are putting unwanted attention on commercial insurance broker compensation, but it’s unlikely that compensation plans will move away from the fee-based model the industry has been slowly migrating to the...
ICT Symposium Focused on Regulation, State of the Market and More
Aug 23 2004 // Attendees at the 12th Annual Mid-Year Property and Casualty Symposium presented in July by the Insurance Council of Texas and the Association of Fire and Casualty Companies in Texas (AFACT) were treated to a series of...
S&P Report Says Singapore’s Life and Nonlife Insurance Industries Stay Resilient; Outlook Stable
Aug 18 2004 // Standard & Poor’s Ratings Services has issued a new report on Singapore’s insurance industry, which concludes that it is expected to record a satisfactory operating performance, and that the outlook for...
AFG’s Q2 Nets Nearly $60 Million
Aug 17 2004 // Cincinnati-based property/casualty insurer American Financial Group Inc. reported net earnings for the 2004 second quarter of $55.9 million, or 75 cents per share, significantly above the $30.5 million, or 44 cents per...
ABD Adds to Redwood City Leadership and Construction Services Unit
Aug 12 2004 // ABD Insurance and Financial Services, a leading provider of global risk management and employee benefits solutions, announced appointments within the company’s property/casualty leadership and construction industry...
Atlantic American Corp. Unveils Q2 Report
Aug 11 2004 // Atlanta-based Atlantic American Corp. announced net income of $1.1 million, or $0.04 per diluted share, for the second quarter ended June 30, 2004, compared to net income of $1.2 million, or $0.04 per diluted share, for...
IBM Presents Tech Lecture at Annual Meeting
Aug 10 2004 // IBM will make a special presentation on the use of technology in the property/casualty industry at the CPCU Society’s 60th Annual Meeting and Seminars in Los Angeles, Oct. 23-26. As part of the Annual Meeting’s...
Best Announces Ratings on 55 Canadian P/C Insurers
Aug 9 2004 // A.M. Best Co. has “affirmed the financial strength ratings of 38 Canadian insurers, downgraded the ratings of four, upgraded the ratings of nine and assigned initial ratings to four Canadian property/casualty...
Horace Mann’s Q2 Nets $18.9 Million
Aug 6 2004 // Springfield, Ill.-based educators’ insurer Horace Mann Educators Corp. reported net income of $18.9 million (44 cents per share) and $40.6 million (95 cents per share), respectively, for the three and six months...
Fowler and Keyes Join Noodle Specialty Brokers as Underwriting VPs
Aug 6 2004 // Insurance industry veterans James A. Fowler and John D. Keyes have joined Chicago-based Noodle Specialty Brokers (NSB), the newly formed division of InsuranceNoodle Inc., as senior vice presidents of underwriting. Noodle...
CPCU Annual Conference Set for October
Aug 3 2004 // The CPCU Society has announced that its 60th Annual Meeting and Seminars will take place in Los Angeles, Calif., on Oct. 23-26. The Annual Meeting’s Property and Casualty Insurance Track features 25 seminars about...
NAMIC Issues P/C Legislative Analysis
Aug 1 2004 // One-fifth of the 251 property/casualty bills enacted in the states so far this year relate to the regulation of automobile insurance, according to an analysis by the National Association of Mutual Insurance Companies...
