Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
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...
Sompo International Appoints Brazil as CEO of SI Insurance (Europe)
Apr 22 2019 // Sompo International Holdings Ltd., the Bermuda-based specialty provider of property and casualty re/insurance, announced that Thomas Brazil will become chief executive officer of SI Insurance (Europe), SA, the...
Fitch Keeps Stable Outlook for P/C Insurers After Underwriting Profit in 2018
Apr 22 2019 // After two consecutive years of combined ratios above 100, the U.S. property/casualty industry returned to a modest statutory underwriting profit in 2018 as catastrophe losses slowed, premium growth accelerated and several...
Travelers’ Close to Lead Valent Group’s Alabama P&C Brokerage, Service Dept.
Apr 22 2019 // Valent Group, the risk consulting and insurance division of EBSCO Industries (EBSCO), has hired Kurt Close to lead its Birmingham, Ala.-based property and casualty broking and service departments. Close comes to Valent...
Partner Re Names Colello to Lead P/C Business in U.S., Canada, Latin America
Apr 17 2019 // PartnerRe announced that Jonathan Colello will join the company effective July 1, 2019, as chief executive officer for P&C Americas, and president of Partner Reinsurance Co. of the U.S. In his new role, Colello will...
ProAssurance of Alabama Makes Management Changes; Francis to Lead Healthcare
Apr 17 2019 // ProAssurance Corporation has revised its management structure for its newly formed Specialty P&C operating division. As previously announced, Michael L. Boguski will assume the presidency of Specialty P&C on May...
Washington Official Wants to Raise Insurance Tax to Help Fight Wildfires
Apr 15 2019 // With an increasing number of forest fires scorching portions of Washington each year, the Legislature is considering a proposal to create a fund dedicated to preventing and battling wildfires. In March, Commissioner of...
Liberty Mutual to Acquire AmTrust’s Surety, Credit Reinsurance Business
Apr 15 2019 // Liberty Mutual Insurance said it has agreed to acquire the global surety and credit reinsurance operations of property/casualty insurer AmTrust Financial Services. Terms of the deal were not disclosed. Upon closing,...
P/C Direct Premium Written Up 4% in 2018
Apr 15 2019 // Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually. At year-end 2018, nearly $670 billion of DPW was reported, a record high for the industry. For 2018, total DPW...
People
Apr 15 2019 // National American International Group has named Carla Ferrara as head of communications for AIG’s Investments organization. Ferrara will be based in New York and report to Elaine Rocha, chief operating officer of AIG...
Closer Look: Tanner Eldredge
Apr 15 2019 // Tanner Eldredge A broker for The Buckner Co. in Salt Lake City, Utah, has been in the business for five years, yet he has become convinced this property/casualty agency is for him. Tanner Eldredge became interested in...
Insurers Oppose Premium Tax to Fund Washington’s Wildfire Prevention
Apr 9 2019 // Lobbyists for the property/casualty insurance industry are trying to prevent a $125 million jump in the state of Washington’s insurance premium tax that would fund wildfire prevention and suppression. The tax would...
Sompo International Commercial P&C Promotes Gallagher to New Role of CEO
Apr 1 2019 // Sompo International Holdings Ltd. (SI), a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced that Christopher Gallagher has been promoted to the newly created role of chief...
SCOR Merges European P/C and Life Entities into SCOR SE
Apr 1 2019 // SCOR Global Life SE and SCOR Global P&C SE merged into SCOR SE on March 31, 2019. This reorganization, which was announced by SCOR in September 2016 as part of its three-year strategic plan “Vision in...
