Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
Zurich to Sell Philippine P/C and Life Business
Nov 4 2003 // Zurich Financial Services Group announced that it has signed an agreement for the sale of its wholly owned Non-life subsidiary in the Philippines, Zurich General Insurance Philippines, Inc., to Standard Insurance Company,...
Max Re Reports $38.8 Million Q3 Net
Nov 4 2003 // Bermuda’s Max Re Capital Ltd. reported net income for the three months ended September 30, 2003 of $38.8 million, or $0.89 per diluted share, compared to a net loss of $14.3 million, or $0.37 per diluted share, for...
Corporate Governance, Asbestos Included Topics at 15th Annual P/C Executive Conference
Nov 3 2003 // Corporate governance, the future of asbestos legislation, and building capital strength will be among the topics discussed this month at the 2003 annual Property/Casualty Executive Conference, as announced by conference...
AscendantOne, RebusIS to Deliver Comprehensive Processing Solution
Nov 3 2003 // The AscendantOne® unit of Insurance Services Office, Inc. (ISO) and RebusIS announced an alliance to integrate AscendantOne’s rate-management system with Genius, RebusIS’s web-based property/casualty policy...
AFG’s 3Q Earnings Down 14% From Year Earlier
Nov 3 2003 // Cincinnati-based insurer American Financial Group (AFG) reported net earnings for the 2003 third quarter of $41.6 million, or 59 cents per share. These results include an after-tax charge of $23.1 million, or 33 cents per...
MarketScout Chairman Sees Softening of the Market
Nov 3 2003 // Is the cyclical hard market taking a turn for the soft? According to one expert, that is just what appears to be happening. “The property and casualty insurance market is softening,” Richard Kerr, chairman and...
Best Downgrades Hannover Re, HDI
Oct 31 2003 // A.M. Best Co. announced that it has downgraded the financial strength rating of Hannover Rueckversicherung AG (Hannover Re) and its core subsidiaries to A (excellent) from A+ (superior). It also downgraded the financial...
CSC Licenses Its Exceed P/C Software to The Hartford
Oct 29 2003 // Computer Sciences Corporation announced that The Hartford Financial Services Group has signed a multi-year license for CSC’s Exceed, a comprehensive software system for the property and casualty industry. Under the...
Zenith Announces Third Quarter Results
Oct 29 2003 // Woodland Hills, Calif.-based Zenith National Insurance Corp. reported net income of $16.1 million, or $0.85 per share, for the third quarter of 2003 compared to net income of $8.7 million, or $0.46 per share, for the third...
ACE Reports Strong Q3 Gains; Net Operating Income$304 Million
Oct 29 2003 // Bermuda’s ACE Limited reported a very good third quarter, with net operating income, which excludes gains/losses on investments, rising 105 percent to a record $304 million, or $1.04 per share, compared with $148...
Chubb Reports Q3 Net Income of $259.8 Million; Premiums Jump 23%, Combined Ratio is 96.6%
Oct 28 2003 // The Chubb Corporation reported that net income in the third quarter of 2003 was $259.8 million or $1.37 per share, compared to a net loss of $242.1 million ($1.42 per share) in the third quarter of 2002. Operating income,...
Safeco Produces Strong Underwriting Results in Auto, Homeowners and Surety
Oct 28 2003 // Safeco – which recently announced a clear focus on Property & Casualty insurance – reported strong third-quarter underwriting results in most insurance lines. “We generated healthy underwriting...
Crawford Notes Q3 and Nine Month Financial Results
Oct 28 2003 // Atlanta-based Crawford & Company announced its financial results for the third quarter ended Sept. 30. Third quarter 2003 revenues before reimbursements totaled $172.2 million compared with $175.9 million in the 2002...
Infinity Property and Casualty Corp. Reports Successful Q3 Numbers
Oct 28 2003 // Alabama-based Infinity Property and Casualty Corporation, a provider of personal automobile insurance with an emphasis on nonstandard auto insurance, reported net earnings for the third quarter of $15.0 million or $0.72...
PIANY Prepares Advice as Governor Signs Producer Licensing Bill
Oct 24 2003 // The Professional Insurance Agents of New York is preparing an in-depth guide for members to explain the changes made by the state’s new producer licensing bill, S.5729, which was signed into law by the Governor on...
Commentary on First Half 2003 Results
Oct 20 2003 // The property/casualty insurance industry reported a statutory rate of return of 9.7 percent in the first half of 2003, up from a disappointing 1.0 percent in 2002 and the worst-ever negative 2.4 percent recorded in 2001....
Insurance Journal 80th Anniversary
Oct 20 2003 // One-on-One with Mark Wells, Publisher of the Insurance Journal By Charles E. Boyle Despite his still somewhat boyish appearance, Mark Wells has been the publisher of the Insurance Journal for 33 years, a long time in any...
Happy 80th Birthday Insurance Journal
Oct 20 2003 // Not many businesses can make the claim, “we’re 80 years old.” Now Insurance Journal can. It’s hard to believe we started in Los Angeles in 1923 as a life insurance magazine. My family came on the...
AIG Subs Affirmed, Outlook Neg
Oct 20 2003 // Moody’s Investors Service confirmed the “Aaa” insurance financial strength (IFS) ratings of the eight rated members of AIG’s U.S. commercial insurance group (Domestic Brokerage Group, or DBG)....
Insurance Journal 80th Anniversary
Oct 20 2003 // One-on-One with Mark Wells, Publisher of the Insurance Journal By Charles E. Boyle Despite his still somewhat boyish appearance, Mark Wells has been the publisher of the Insurance Journal for 33 years, a long time in any...
