Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
Carlson Named CEO for Wells Media Group
May 28 2019 // Wells Media Group Chairman Mark Wells announced that Josh Carlson has been named CEO of Wells Media Group, Inc., effective immediately. Carlson has served as chief technology officer/chief innovation officer of Wells Media...
Valentine Named Sr. VP, Chief Insurance Officer for Farmers Alliance Companies
May 22 2019 // Aaron Valentine has been named senior vice president, chief insurance officer for the Farmers Alliance Companies in McPherson, Kansas. This is a new position at the companies, added to ensure the proper organizational...
P/C Insurance Industry’s Net Underwriting Income Up 24% in Q1, Reports A.M. Best
May 21 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...
Claims Insurtech Snapsheet Raises $29 Million to Expand Into All P/C Lines and Globally
May 20 2019 // Virtual insurance claims services company Snapsheet has closed on $29 million in Series E funding. The company said it will use the funds to expand beyond auto into all lines of property/casualty insurance and expand...
Insurtech Investments Break New Records in Q1
May 10 2019 // Insurtech investors worldwide executed the highest number of transactions, the highest number of property/casualty transactions, and the highest volume of Series B and Series C funding rounds during the first three months...
New York’s NFP Promotes Hyland to Its Surety Division
May 9 2019 // NFP, a New York, N.Y.-headquartered insurance broker and consultant that provides employee benefits, property and casualty, retirement and individual products, has named John Hyland, senior vice president of NFP Property...
Zurich Insurance on Track to Meet 2019 Targets, Sees Positive P/C Pricing Trends
May 9 2019 // Zurich Insurance is on track to meet or beat its financial targets to 2019 and is seeing positive trends in property and casualty (P/C) insurance pricing. Europe’s fifth-biggest insurer made the forecast on Thursday...
Munich Re’s Q1 Profit Drops 23.5% on Higher Claims Payments from Previous Years
May 8 2019 // German reinsurer Munich Re reported a 23.5 percent decrease in its first quarter net profit to €633 million ($708.6 million) from €827 million ($925.7 million) in Q1 2018. The world’s largest reinsurer blamed the...
AIG Scores P/C Insurance Profit in Q1
May 7 2019 // Insurer American International Group Inc. reported first-quarter earnings that trounced Wall Street estimates on Monday, as its general insurance business posted its first underwriting profit since the financial...
U.S. P/C Commercial Lines Market ‘Best in Years,’ Says Chubb CEO Greenberg
May 6 2019 // Chubb Chairman and CEO Evan Greenberg referred to his company as being in the midst of a “rational market” and appeared pleased with its direction and tone so far in 2019. “In the first quarter, in total,...
People
May 6 2019 // National Robert Bauer has joined insurance broker Marsh to lead its U.S. Sharing Economy & Mobility Practice. Bauer will focus on developing and delivering products and services to companies operating in the new...
Talanx Acquires P/C Insurer in Turkey from Munich Re Subsidiary
May 2 2019 // The German insurer Talanx has acquired the property/casualty insurer ERGO Sigorta A.S. from a Munich Re subsidiary. Financial details of the transaction where not disclosed. Talanx purchased ERGO Sigorta from ERGO...
Chubb’s Q1 Net Income Dips Slightly but Commercial Insurance Produces Gains
May 2 2019 // Chubb saw its net income dip slightly in the 2019 first quarter, though commercial and other insurance premiums rose at a healthy clip. The insurance giant’s property/casualty combined ratio also improved, and...
Prime Property & Casualty Insurance Now Writing Commercial Auto in North Carolina
May 2 2019 // Prime Property & Casualty Insurance Inc. has entered the North Carolina commercial auto markets as an admitted carrier specializing in insurance for distressed and substandard risks. PPCI offers the capacity to insure...
Prime Property & Casualty Insurance Enters New Mexico Commercial Auto Market
May 2 2019 // Prime Property & Casualty Insurance Inc. has entered the New Mexico commercial auto market as an admitted carrier specializing in insurance for distressed and substandard risks. PPCI offers the capacity to insure any...
WTW Names Richardson UK & Ireland Leader, Insurance Consulting & Technology Unit
May 1 2019 // Willis Towers Watson announced that Tammy Richardson will take on the role of UK and Ireland leader for life and property & casualty in the company’s Insurance Consulting and Technology business. Richardson most...
Gen Re Appoints D’Arcy as Head of International Property & Casualty
Apr 30 2019 // General Re Corp., the reinsurance subsidiary of Berkshire Hathaway, announced that Andrew D’Arcy will become head of Gen Re International Property & Casualty. D’Arcy will relinquish the role of CEO of...
Seeman Holtz Acquires Schwarz Insurance Agency in Wisconsin
Apr 25 2019 // Seeman Holtz Property & Casualty LLC has acquired Schwarz Insurance Agency Inc., headquartered in Prairie du Sac, Wisconsin, with six other offices across the state. Kathy Schwarz, an active employee of the Schwarz...
The Lowdown: The Silent Battle Between Agencies and Companies
Apr 23 2019 // Chris Burand, President of Burand & Associates P&C insurance companies are scared. Not all are scared, of course. Some are big enough, some are smart enough, and others are ignorant enough to not be scared about...
SCOR Global P&C Grows Reinsurance Premiums by 9.6% During April Renewals
Apr 22 2019 // SCOR Global P&C grew its gross written premiums by 9.6 percent, at constant exchange rates, to €548 million ($616 million), during the April 1 reinsurance renewals. In the aftermath of the events in 2018, catastrophe...
