Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
What Young Insurance Agents Earn, Think and Say
Feb 27 2019 // Young agents want change. They want more diversity in the agency sales ranks. They want better paths to grow in their careers. They want other agents to adhere to professional standards and ethics. They want faster and...
A.M. Best Sees $12 Billion P/C Insurance Underwriting Loss for 2018
Feb 27 2019 // The U.S. property/casualty industry is expected to report that 2018 was its third consecutive year with an underwriting loss. A new A.M. Best analysis projects an estimated net underwriting loss of $12.1 billion in 2018,...
Hanover Insurance Enhances Specialty Leadership; Mills to Lead E&S
Feb 27 2019 // The Hanover Insurance Group has expanded its specialty leadership team to enhance as part of a series of personnel changes the company has made to its specialty business over the last year. The Hanover announced it has...
Insurance Council of Texas Seeks Leadership Award Candidates
Feb 26 2019 // Property/casualty insurance trade group, the Insurance Council of Texas, is seeing candidate nominations for its annual industry leadership award. Since 1998, has awarded its Raymond Mauk Leadership Award to an individual...
Berkshire P/C Insurance Reported Q4 Loss, Profit for Full Year 2018
Feb 25 2019 // In the conglomerate’s annual report published on Saturday, Berkshire Hathaway’s Chair Warren Buffett recommended that readers focus on operating earnings, reviewing a year in which insurance operations...
Great American Insurance Promotes Mercurio, Thompson
Feb 20 2019 // Cincinnati, Ohio-based Great American Insurance Group has promoted Anthony (Tony) J. Mercurio and David L. Thompson Jr. to executive vice presidents of its property/casualty group. Mercurio will continue to serve as...
SCOR Names Conoscente CEO of SCOR Global P&C, Succeeding Peignet
Feb 20 2019 // SCOR announced the appointment of Jean-Paul Conoscente, currently chief executive officer of reinsurance at SCOR Global P&C, as CEO of SCOR Global P&C. This appointment follows Victor Peignet’s decision to...
Insurers with Best Service Win More Business from Independent Agents
Feb 18 2019 // It may be obvious to those in the industry that the more satisfied independent insurance agents are with an insurance carrier, the more business they will conduct with that carrier. But the message may not be getting...
Agency Merger & Acquisition Deals Hit All Time High, Again
Feb 18 2019 // The year of 2018 brought an all-time high of merger and acquisition (M&A) activity to the insurance industry. Consolidation of firms, both at a local level with M&A by independent agents and brokers, and...
CNA Reports Q4 Loss on Catastrophes, Investments
Feb 11 2019 // Catastrophe claims and a disappointing investment performance drove commercial lines insurer CNA Financial Corp. to an $84 million loss in the fourth quarter of 2018. The quarter’s $84 million net loss compare to...
Zurich Insurance Reports 24% Jump in 2018 Net Income Driven by Life, P/C Units
Feb 8 2019 // Zurich Insurance’s reported 2018 net income after tax of $3.72 billion, a 24 percent jump from $3.0 billion it reported in 2017 – primarily driven by growth in its life business and improved underwriting in its...
Lee Appointed VP, Commercial Lines at Island Insurance in Hawaii
Feb 6 2019 // Island Insurance, a Honolulu, Hawaii-based property and casualty (P/C) insurance carrier, appointed Daniel Lee as vice president, Commercial Lines. Lee will oversee Island’s commercial insurance division, which...
Chubb Took $500M Hit from Catastrophes in Q4 But Saw Better Pricing, Investments
Feb 6 2019 // In 2018 fourth quarter, global insurer Chubb saw a surge in catastrophe losses, along with growth in premium revenue, better global property/casualty pricing and record net investment income. The insurer booked $355...
Italy’s Banks Look to Sell P/C Insurance as New Source of Revenues
Feb 4 2019 // An aging population and struggling state finances could turn into an unlikely boon for Italy’s banks, which have turned to a growing market for insurance to brighten their prospects. Intesa SanPaolo has marketed the...
Big deals
Feb 4 2019 // Marsh/JLT, Brown & Brown/Hays Topped 2018 P/C Agency Mergers A handful of big deals dominated the very busy property/casualty insurance agency and broker merger news cycle for 2018. Based on Insurance Journal...
People
Feb 4 2019 // AmTrust Financial Services announced leadership changes as it moves forward as a private company. Its $2.95 billion privatization plan was finalized on November 28, 2018 after receipt of all approvals. AmTrust announced...
Noteworthy P/C Agency
Feb 4 2019 // M&As in 2018 Marsh & McLennan to Acquire Broker JLT Hays Companies Is Brown & Brown’s Biggest Acquisition AIG Acquires Program Manager Glatfelter Insurance BB&T Insurance Acquires Regions Insurance...
Wishes & Predictions… in their own words
Feb 4 2019 // Ely Kaplansky, President, Kaplansky Agency, MA Increased market share. Rate increases. Continued profitable growth. Crag Shink, Managing Partner, C.H. Shink & Associates, NY A harder market in some segments. Increasing...
Insurers with Best Service Win More Business from Independent Agents
Jan 31 2019 // It may be obvious to those in the industry that the more satisfied independent insurance agents are with an insurance carrier, the more business they will conduct with that carrier. But the message may not be getting...
China’s Ping An P&C Unveils Credit-Based Smart Auto Insurance Claim Solution
Jan 30 2019 // Ping An Property and Casualty Insurance Co. of China has launched a credit-based smart auto claim solution in China, to make it easier for car owners to make claims and encourage good driving habits. The credit-based...
