Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
Asia Market Drives Global Insurance Premiums Past $5 Trillion in 2018: Swiss Re
Jul 8 2019 // Carriers’ expansion in Asia helped push global insurance premiums past the $5 trillion mark for the first time in 2018, Swiss Re said in its latest sigma report. That growth came generally from property/casualty...
Preparing for the Unpredictable Talent Considerations for CAT Season
Jul 1 2019 // The combined global losses from natural disasters in 2017 and 2018 were the highest ever for a two-year period. While no single major catastrophe caused massive destruction in 2018, nearly 400 smaller natural disasters...
People
Jul 1 2019 // National American International Group said Kathleen Zortman will join the company as president and CEO of Private Client Group, General Insurance. In this new role, Zortman will lead AIG’s global high net worth...
2019 Super Regional P/C Insurers
Jul 1 2019 // In order to continue the discussion regarding what constitutes a Super Regional P/C Insurer™ and to give definition to this important group of insurers, Demotech Inc. analyzed year-end 2018 data for property/casualty...
U.S. P/C Insurers’ Net Income Increased 69% in 2018: A.M. Best
Jun 27 2019 // The U.S. property/casualty industry showed a year-over-year 69% increase in net income to $59.2 billion in 2018, owing to lower losses from catastrophic events, favorable development of prior years’ loss reserves and...
Universal Property & Casualty Expanding Into Wisconsin
Jun 24 2019 // Universal Insurance Holdings Inc. subsidiary, Universal Property & Casualty Insurance Co. (Universal Property), has received a Certificate of Authority in to operate as a licensed insurance entity in...
Alera Group Selects Englert as National P&C Leader
Jun 19 2019 // Alera Group, a national employee benefits, property/casualty, risk management and wealth management firm based in Deerfield, Illinois, has appointed Mark Englert as national property/casualty practice leader. Englert will...
Hub Acquires Assets of Atlanta-based Insurtech In-Fi; Hires Chasteen
Jun 18 2019 // Hub International Limited, has acquired the assets of CBIS, LLC, d/b/a “In-Fi” (In-Fi). Terms of the transaction were not disclosed. Established in 2016 by co-founder Jon Chasteen, In-Fi developed a...
P/C Direct Premium Written Up 4.2% in Q1: Demotech
Jun 17 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% from 2017, an increase...
Insurance Journal Announces the Launch of Cyber Newsletter
Jun 13 2019 // San Diego, CA, June 13, 2019 – Today, Insurance Journal premiers a brand new bi-weekly newsletter for insurance professionals and risk managers who are serious about cyber. It’s called “Insuring Cyber”....
Insurance Journal to Launch Insuring Cannabis
Jun 12 2019 // San Diego, CA, June 12, 2019 – Today Insurance Journal premiers Insuring Cannabis, a newsletter for insurance professionals and risk managers who need a full view of what’s happening with marijuana on state,...
Insurance Journal Announces the Launch of Cyber Newsletter
Jun 11 2019 // San Diego, CA, June 11, 2019 – Today, Insurance Journal premiers a brand new bi-weekly newsletter for insurance professionals and risk managers who are serious about cyber. It’s called “Insuring Cyber”....
Insurance Journal to Launch Insuring Cannabis
Jun 10 2019 // San Diego, CA, June 10, 2019 – Today Insurance Journal premiers Insuring Cannabis, a newsletter for insurance professionals and risk managers who need a full view of what’s happening with marijuana on state,...
Carrier Management Announces the Launch of InsurTech Today
Jun 10 2019 // San Diego, CA, June 10, 2019 – Today Carrier Management premiers a brand-new newsletter called InsurTech Today. This inbox resource is written for those who value a quick take on the most important InsurTech...
Agencies: Submit Today for the Top 100 Ranking and More
Jun 6 2019 // Insurance Journal is now collecting information for its annual Top 100 property/casualty independent agency listing and other agency rankings. Submit your agency today. There are four ways to qualify: Top 100 Independent...
Prime Property & Casualty Enters Kansas Commercial Auto Market
Jun 6 2019 // Prime Property & Casualty Insurance Inc. (PPCI) has entered the Kansas commercial auto insurance market as an admitted carrier specializing in distressed and substandard risks. With PPCI, producers now have an...
AIG Makes Changes at Top of Global P/C Underwriting, Validus
Jun 6 2019 // American International Group announced leadership appointments in its Global Chief Underwriting Office, adding underwriters with expertise in global property and casualty underwriting. These appointments are effective...
Insurance Journal Announces the Launch of Cyber Newsletter
Jun 5 2019 // Today, Insurance Journal premiers a brand new bi-weekly newsletter for insurance professionals and risk managers who are serious about cyber. It’s called Insuring Cyber. This newsletter is an in-box resource for...
P/C Insurance Industry’s Net Underwriting Income Up 24% in Q1, Reports A.M. Best
Jun 3 2019 // The U.S. property/casualty industry posted net underwriting income of $4.2 billion in first-quarter 2019, a 24.0% increase from the same period in the previous year, according to preliminary financial results. According to...
AM Best Assigns Credit Ratings to Centerline Property & Casualty of Tennessee
May 30 2019 // AM Best has assigned a Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of “bbb+” to Centerline Property and Casualty Insurance Co., headquartered in Knoxville, Tenn. The outlook...
