Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
P/C Insurers Boosted Underwriting Profit, Surplus in 2019’s First 9 Months
Jan 17 2020 // The private U.S. property/casualty insurance industry saw its net underwriting gains increase to $5.4 billion in the first nine months of 2019 from $4.7 billion a year earlier, bolstered by growth in premiums and a drop in...
U.K. P&C Insurers Face Strong Competition, Claims Inflation: AM Best Report
Jan 16 2020 // Market conditions for U.K. non-life insurers were difficult in 2019 as they continued to face strong competition and claims inflation, according to a report published by AM Best. Companies have had to contend with changes...
HCI to Acquire Policies of Florida’s Anchor P&C; Weston to Acquire Anchor Specialty
Jan 15 2020 // Two Florida-based homeowners insurers, Anchor Property & Casualty and Anchor Specialty Insurance, have succumbed to market pressures in the state and will be acquired by other companies. Tampa, Fla.-based HCI Group has...
Perez Joins Atlanta-Based SIU’s Commercial P&C Team
Jan 14 2020 // Southern Insurance Underwriters, Inc. (SIU) has added Jose Perez to the Commercial Property and Casualty underwriting team. Perez comes to SIU with more than 20 years of experience in the insurance industry and a penchant...
Australia’s Bushfires Could Surpass 2009’s Costly Season; Analysts, Insurers Comment
Jan 10 2020 // Australia’s bushfire season has months to run and could easily surpass the most costly fire season, 2009’s Black Saturday fires in Victoria, which had a price tag of an estimated A$4.4 billion (US$3 billion),...
Everest Insurance Promotes Karmilowicz to President of North America P&C
Jan 7 2020 // Specialty insurer Everest Insurance has appointed Mike Karmilowicz to be executive vice president and president of North America P&C. He will be responsible for all property/casualty insurance underwriting units and...
Extended Deadline for Insurance Journal’s Top P/C Agents
Dec 27 2019 // Insurance Journal is searching for the nation’s leading independent agents to become part of America’s Top Property/Casualty Agent listing. The deadline to submit is now extended to the end of day on Monday,...
J.M. Wilson Promotes Frawley to Sr. P/C Underwriter in Illinois
Dec 23 2019 // J.M. Wilson has promoted Tim Frawley to senior property/casualty underwriter in the company’s Arlington Heights, Illinois, office. He is responsible for quoting new and renewal accounts for a wide variety of...
Guy Carpenter Appoints Schepens from Allianz as Benelux CEO
Dec 23 2019 // Guy Carpenter & Co., the reinsurance broker and subsidiary of Marsh & McLennan Cos., announced the appointment of Patrick Schepens as CEO of the Benelux region, effective April 2020. Schepens will be responsible...
MS Amlin to Exit U.K. P/C Classes as Part of Underwriting Review
Dec 19 2019 // MS Amlin, the London-based re/insurer, said it will cease underwriting corporate property, real estate, casualty and package binders through its U.K. P/C business with effect from Jan. 31, 2020. This announcement follows...
Yahr to Retire from Michigan’s J.M. Wilson After 42 Years
Dec 19 2019 // Portage, Michigan-based J.M. Wilson announced the end of an era with the retirement of Betty Yahr, senior property/casualty underwriter. Yahr, whose last day is Dec. 20, has been with J.M. Wilson Corporation for over 42...
J.M. Wilson Hires Kirby as P/C Technician in Michigan
Dec 16 2019 // J.M. Wilson has added Lindsay Kirby as a property/casualty technician in its Portage, Michigan, office. Kirby will provide support to the property and casualty underwriters. She is responsible for providing technical...
5 Signs You Need Help for Client Service Openings
Dec 16 2019 // In 2020 the average time it will take an insurance agency to hire an experienced Account Manager will be three and half to four months. When I tell clients this, one of three responses follow: Surprise: “Wow, really?...
P/C Direct Premium Written Up 4.9%
Dec 16 2019 // Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually. At year-end 2018, total DPW for all P/C insurers aggregately increased approximately 4% over 2017, an increase...
Moody’s Sees Low Interest Rates Hurting French P/C Insurers’ Profits in 2020
Dec 12 2019 // The 2020 outlook for the French insurance sector is negative, reflecting growing pressures on the property/casualty insurers’ profitability from low interest rates, Moody’s Investors Service said in a report....
Guy Carpenter, MGA Victor to Offer Coverage to U.S. Public Entity Pools
Dec 11 2019 // Managing General Underwriter Victor is now offering Guy Carpenter clients who are members of U.S. public entity insurance pools a range of property and casualty insurance products not traditionally offered by the...
Chubb Becomes First P/C Insurer to Invest in African Trade Insurance Agency
Dec 10 2019 // Global insurer Chubb has made a $10 million equity investment the African Trade Insurance Agency (ATI), becoming the first global property/casualty insurance company to become a shareholder in the African multilateral...
Gallagher Names Partington CEO of Canadian Brokerage Operations
Dec 6 2019 // Gallagher, the Rolling Meadows, Ill.-based insurance broker, has named Dave Partington as CEO of its Canadian retail property/casualty brokerage operations, where he will lead the strategy and culture for continued growth...
How ‘Intelligent’ Insurers Grow and Create Value: ACORD Study
Dec 2 2019 // Some insurance carriers grow but do not create value. Others shrink but still create value. Some fail at both. Then there are the “intelligent growers” — those that succeed at both, not only growing but...
Gordon, Reynolds Promoted Within Great American’s Property/Casualty Group
Nov 27 2019 // Cincinnati, Ohio-based Great American Insurance Group has promoted Roy Reynolds to divisional president and Garry Gordon to divisional senior vice president within its Property & Casualty Group, Mergers &...
