Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
Seeman Holtz Property & Casualty Continues Expansion into Pennsylvania
Aug 17 2018 // Seeman Holtz Property & Casualty Inc. has continued its expansion into Pennsylvania with its acquisition of Merchants Preferred Insurance Services, headquartered in Erie, Penn. This acquisition will strengthen Seeman...
Insurer Downgrades Jumped in 2018 But Were Still Outnumbered by Upgrades: A.M. Best
Aug 17 2018 // Catastrophic weather events in 2017 helped spur an increase in rating downgrades for the U.S. property/casualty (P/C) industry during the first half of 2018, according to an A.M. Best report. But the report also notes that...
Extraordinary Re’s Extraordinary Idea for Trading Insurance Risks Like Stocks
Aug 15 2018 // Imagine there’s a way for institutional investors to trade insurance risks much like they trade stocks. Well, imagine no more. A new and unique reinsurer, Extraordinary Re, has hit upon the novel idea of creating a...
Zurich’s H1 Net Income Rises 19%, Getting Boost from P/C Unit
Aug 9 2018 // Zurich Insurance Group AG got a boost from its property & casualty business, putting the company on track to meet Chief Executive Officer Mario Greco’s three-year restructuring goals. The Swiss insurer’s...
Seeman Holtz Property & Casualty Acquires JEM Insurance of Florida
Aug 7 2018 // Seeman Holtz Property & Casualty, Inc. is has acquired JEM Insurance Services, Inc, headquartered in Boca Raton, Fla. JEM Insurance Services has been serving the South Florida area for over 13 years. The agency offers...
Seeman Holtz Acquires Wisconsin’s Asenbrenner Insurance Agency
Aug 6 2018 // Seeman Holtz Property & Casualty Inc. has acquired Asenbrenner Insurance Agency Inc., headquartered in Shawano, Wisconsin. Asenbrenner Insurance Agency has been serving the state of Wisconsin for almost three decades....
People
Aug 6 2018 // Risk management services firm, Hanover Stone Partners, has tapped Ellen Shew Holland to lead its newly established national higher education practice. She is based in Dallas. Shew Holland will lead a practice that will...
One Year Ago: Reflections on the 2017 Hurricane Season
Aug 6 2018 // It’s hard to believe but August brings us to the one-year anniversary of the watery nightmare that was Hurricane Harvey and the beginning of the remarkable 2017 hurricane season that also featured Hurricane Irma...
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Aug 6 2018 // GEICO’s Board of Directors has promoted Rick Hoagland to senior vice president. Hoagland first joined GEICO in 1994 as a telephone claims representative in Fredericksburg, Md. He advanced through several positions...
Hub International Buys P/C Business of Ontario Broker Cypher Systems Group
Aug 3 2018 // Hub International Ltd., the Chicago-based insurance broker, announced that it has acquired the property and casualty insurance business of Cypher Systems Group Inc. (CSG) and certain of its affiliates, an insurance broker...
Swiss Re Weighs IPO for UK Closed-Book Business; Pricing Pressures Hit Earnings
Aug 3 2018 // Pricing pressure in the reinsurance industry weighed on Swiss Re’s first-half earnings, overshadowing a drop in natural-catastrophe claims. The company said it’s exploring an initial public offering for its...
AXA Gives Under-Fire CEO Buberl a Needed Boost on Strong H1 Profits
Aug 2 2018 // AXA SA gave under-fire Chief Executive Officer Thomas Buberl a needed boost with first-half earnings that beat estimates and growth in new business. AXA, posting its first results since a disappointing partial spinoff of...
Seeman Holtz Acquires Lakes Insurance Group of Florida
Jul 26 2018 // Seeman Holtz Property & Casualty, Inc. has acquired Lakes Insurance Group, a South Florida agency specializing in commercial insurance serving thousands of South Florida business owners. With this acquisition, Seeman...
Chubb Q2’s Results Reflect Continued P/C Pricing Momentum
Jul 25 2018 // Chubb has a very good second quarter in both underwriting and investments, reporting net income of $1,294 million compared with $1,305 million for the same quarter last year. P/C net premiums written increased 5.6 percent...
Ratings Agency Ignites Controversy Over Financial Strength of Florida Insurers
Jul 24 2018 // With Florida about to enter peak hurricane season, a state insurance association representing 15 insurers in Florida is hitting back against a recent report from ratings agency Weiss Ratings that identified 10...
Iowa’s Holmes Murphy Welcomes 14 New Employee Shareholders
Jul 19 2018 // Iowa-based insurance services firm, Holmes Murphy, recently added 14 new employee shareholders. Holmes Murphy shareholders help lead the company in its mission to promote health, protect wealth, and deliver peace of mind....
P/C Insurers Double Q1 Profit on Tax Changes, Growing Economy, Lower Cat Losses
Jul 16 2018 // Tax reform, a growing economy and lower catastrophe losses helped U.S. property/casualty insurers more than double their first quarter profit this year. Insurers’ net income after taxes surpassed $17 billion during...
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Jul 16 2018 // Worldwide Facilities has opened a new location in Morehead City, N.C., where Kasey Vaughn joined as senior vice president. Vaughn brings 17 years of experience in wholesale personal and commercial lines practice. She...
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Jul 16 2018 // The Independent Insurance Agents of Texas (IIAT) elected Jeffrey L. Brady of Brady, Chapman, Holland & Associates (BCH) in Houston to serve as IIAT chair for 2018-19. Brady was elected during IIAT’s 121st Annual...
3 New P/C Insurers OK’d to Do Business in Arkansas
Jul 16 2018 // Three new property/casualty insurance companies have been approved to do business in Arkansas, the state insurance department reported. All three are based in Florida. Counting the recently accepted companies, 10 new...
