Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
Reinsurance Capacity Remains Abundant for Mid-Year Renewals: Aon Benfield
Apr 18 2018 // Global reinsurer capital continued to rise in 2017, despite the US$136 billion in insured losses from natural catastrophes last year, according to a reinsurance market report published by Aon Benfield. Indeed, capital...
2018 Young Agents Survey: Straight Talk From Young Agents
Apr 16 2018 // 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...
People
Apr 16 2018 // SIAA (Strategic Insurance Agency Alliance) has hired Gretchen Klemm as a contracts compliance manager at its Hampton, N.H., location. In this role, Klemm will manage day-to-day interactions with independent agency members...
Cal Inspection Bureau, Legacy P&C Form Nationwide Premium Audit Firm
Apr 12 2018 // Cal Inspection Bureau of Tarzana, California, and Legacy P&C of Camden, South Carolina, have formed a new firm offering premium audit services to insurers for commercial accounts nationwide. The joint firm has been...
Insurance Wholesaler Socius Insurance Services Opens Dallas Branch
Apr 11 2018 // Socius Insurance Services Inc., a management liability and property/casualty insurance wholesaler, has opened a branch in Dallas — its first in Texas. Assistant Vice President of Property and Casualty Chris Barnes will...
Sompo Int’l to Form Retail Insurance Platform to Integrate International Businesses
Apr 10 2018 // Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty re/insurance, announced it will establish a retail platform designed to integrate all the operations of Sompo Holdings Inc....
Seeman Holtz P&C Acquires Federal Employee Insurance Business in Oklahoma
Apr 6 2018 // Seeman Holtz Property & Casualty Inc. has acquired the federal employee insurance business of Federal Employee Services LLC in Edmond, Oklahoma. Federal Employee Services provides coverages to both civil service and...
Wawanesa Mutual Names Jardine President of Canadian P/C Operation
Apr 6 2018 // Wawanesa Mutual Insurance Co. announced the appointment of Carol Jardine as president of Wawanesa’s Canadian property and casualty (P/C) operation. Prior to her appointment, Jardine was senior vice president and...
Everest Insurance Launches Private Company Management Liability Policy
Apr 6 2018 // Everest Specialty Underwriters (ESU), a division of Everest Insurance, has launched Everest Expedition, a private company management liability policy. This new modular management and professional liability policy is...
People
Apr 2 2018 // Global loss adjusting firm McLarens has promoted Susan Froman to senior vice president of Business Development – The Americas. Froman joined McLarens three years ago to recruit and establish the domestic business...
P/C Insurers Record $23.5B in Underwriting Loss in 2017
Apr 2 2018 // The U.S. property/casualty industry recorded a net underwriting loss of $23.5 billion for year-end 2017, according to preliminary results from A.M. Best. That was $18 billion bigger than the underwriting loss in 2016. The...
BHSI Opens Perth Office; Chubb’s Prindiville & Shepard Named P/C Underwriters
Mar 26 2018 // Berkshire Hathaway Specialty Insurance (BHSI) announced it has opened an office in Perth, Western Australia, naming Anthony Prindiville to lead its casualty underwriting and Mark Shepard to lead property underwriting...
Woodruff-Sawyer Names DeVilbiss of Travelers P/C Leader in California
Mar 20 2018 // Woodruff-Sawyer & Co. has named Joel DeVilbiss the San Francisco, Calif. property/casualty practice leader. DeVilbiss is charged with driving the direction and development of Woodruff-Sawyer’s P/C practice in...
How Bad Was P/C Insurers’ Underwriting Loss in 2017?
Mar 20 2018 // The U.S. property/casualty industry recorded a net underwriting loss of $23.5 billion for year-end 2017, according to preliminary results from A.M. Best. That was $18 billion bigger than the underwriting loss in 2016. The...
Texas Moves to Liquidate Non-Standard Auto Insurer, Access
Mar 19 2018 // Texas insurance regulators placed into receivership and started the process of liquidating a Texas-domiciled/Atlanta, Georgia-headquartered property/casualty insurance company that the insurance department says is...
Agent-Inspired Insurtechs ‘Self-Disrupt’ Small Commercial Lines
Mar 19 2018 // Insurance industry technology is experiencing a revolution. While insurance carriers and venture capital firms have been behind much of today’s insurtech innovation, insurance agents and brokers have also jumped into...
Milliman Adds Property and Casualty Team to Tampa Office, Taps Rollins to Lead
Mar 16 2018 // Milliman Inc., a global consulting and actuarial firm, has added a property and casualty team to its Tampa, Fla., office in response to the growing demand for the firm’s property insurance analytics. It has tapped...
Alliant Hires Former New Jersey State Senator Beck
Mar 13 2018 // Alliant has added former New Jersey State Senator Jennifer Beck to its regional brokerage team. As vice president, Beck will provide insurance and risk management services to organizations across the Garden State. Beck...
Seeman Holtz Property & Casualty Acquires Self Insurance in Missouri
Mar 8 2018 // Seeman Holtz Property & Casualty Inc., headquartered in Boca Raton, Florida, has acquired a Sikeston, Missouri-based agency, Tri-Star of Sikeston Inc., doing business as Self Insurance. Now led by Brian Self, the...
Tax Law Will Benefit U.S. P/C Insurers, Says Moody’s
Mar 7 2018 // The impact of the new U.S. tax law is credit positive for U.S.-based insurance companies, which will boost profitability for many of these firms, particularly those that have been paying high effective tax rates. The Trump...
