Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
Harris Promoted to P/C Underwriter at J.M. Wilson in Michigan
Jul 17 2019 // J.M. Wilson has promoted Lacey Harris to property/casualty underwriter in its Portage, Michigan, office. Lacey is responsible for quoting new and renewal commercial property and casualty risks and serving independent...
Petri Honored with ICT’s Raymond Mauk Leadership Award
Jul 15 2019 // The Insurance Council of Texas has presented the Raymond Mauk Leadership Award to Verle Petri, a long time insurance executive and expert on Texas insurance regulation and policy. ICT honored Petri with the award during...
People
Jul 15 2019 // National PartnerRe announced that Jonathan Colello has joined the company effective July 1, 2019, as CEO for P&C Americas and president of Partner Reinsurance Co. of the U.S. In his new role, Colello will have...
U.S. P/C Insurers’ Net Income Increased 69% in 2018 Over 2017: A.M. Best
Jul 15 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...
New York-Based Broker NFP Buys Toronto’s McLean Hallmark Insurance Group
Jul 12 2019 // New York City-based insurance broker and consultant NFP announced it has acquired Canadian broker McLean Hallmark Insurance Group Ltd. Financial details of the transaction, which closed on July 2, were not disclosed. Based...
Nationwide Offers Independent Agents a Commercial Insurance Digital Storefront
Jul 9 2019 // Giant insurer Nationwide is partnering with an insurtech in an effort to speed up its product underwriting for commercial lines property/casualty agents. The technology Nationwide is deploying was developed by Ohio-based...
Consultant Sees Larger, Fewer P/C Insurance Agencies Going Forward
Jul 9 2019 // There will be fewer insurance agencies operating in the property/casualty insurance industry in the future and those that remain will be larger and more tech-savvy, says an insurance-focused executive at the consulting...
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,...
