Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
Hub International Acquires P/C Book from Montreal Broker Daniel Picard
Jan 12 2018 // Hub International Ltd. (Hub), the Chicago-based insurance brokerage, announced it has acquired a property and casualty insurance book of business from Montreal broker Daniel Picard. Terms of the acquisition were not...
U.S. Reinsurance Outlook Remains Negative for 2018, Says A.M. Best
Jan 10 2018 // Ratings firm A.M. Best said it is maintaining its 2018 outlook for the U.S. property/casualty reinsurance sector at negative, citing the “pronounced pressure on U.S. property catastrophe rates as the alternative...
People
Jan 8 2018 // S.S. Nesbitt & Co. Inc. (SSN), a Southeastern insurance agency and division of EBSCO Industries, Inc. (EBSCO), has appointed Mike Roman as vice president of its property and casualty sales. Roman is joining senior vice...
People
Jan 8 2018 // Oklahoma City-based independent insurance agency, INSURICA, has named Mark Bridges to lead its Texas operations as regional president. Bridges is currently the president of INSURICA DFB Insurance Services Inc. (formerly...
Arkansas Welcomes P/C Insurers Lemonade, Tower Hill
Jan 8 2018 // Two additional property/casualty insurance carriers have been approved to conduct business in Arkansas. The Arkansas Insurance Department (AID) announced in December that Lemonade Insurance Co., has received a Certificate...
Partner Re’s Walker Retires; Goldie Named CEO of P/C; Clarke Heads Specialty Lines with Haft
Jan 5 2018 // Bermuda’s PartnerRe Ltd. announced that Charles Goldie, formerly CEO of Specialty Lines, has been appointed CEO of Property & Casualty, following the retirement of Tad Walker who previously filled that...
Armour Raises $500 Million to Create Bermuda Reinsurer, Armour Group Ltd.
Jan 4 2018 // Armour, a Bermuda-based P/C run-off insurance business, announced it has raised up to $500 million to form a reinsurance group called Armour Group Ltd. The equity commitments were made in partnership with an investor group...
AmWINS Group to Acquire Seacoast Brokers, Trident Claims Management of South Carolina
Jan 4 2018 // AmWINS Group, Inc., a global distributor of specialty insurance products and services, has reached a definitive agreement to acquire Seacoast Brokers, LLC, a South Carolina-based personal lines specialty MGA that designs,...
Seeman Holtz Property & Casualty Acquires J & A Insurance of Florida
Jan 3 2018 // Florida-based Seeman Holtz Property & Casualty, Inc. has acquired J & A Insurance and More, Inc., headquartered in West Palm Beach, Florida. Led by Jacqueline Estevez and her team, the company has offered...
Seeman Holtz Acquires Houston’s Dash Insurance Agency
Jan 2 2018 // Boca Raton, Florida-based Seeman Holtz Property & Casualty Inc. has acquired Dash Insurance Agency, headquartered in Houston, Texas. Dash Insurance Agency provides full auto and liability insurance products and...
Top Insurance Journal National Stories of 2017
Dec 29 2017 // It wouldn’t feel right to close out the year without looking back at the most popular stories on Insurance Journal during the past 12 months. Here are the national stories that attracted the most readers in 2017,...
What They Are Saying About Effects of Trump Tax Cuts on Insurance Industry
Dec 22 2017 // Congress has passed and President Donald Trump has signed the Tax Cuts and Jobs Act (HR1) into law. It is the biggest tax change in 30 years. Under the legislation, insurers, agencies and other businesses organized as C...
Texas Southern, Huston-Tillotson Students Receive Insurance Council of Texas Scholarships
Dec 22 2017 // The Insurance Council of Texas (ICT) has awarded academic scholarships to two students at Texas Southern University (TSU) in Houston and three students at Huston-Tillotson University (H-T) students in Austin. ICT honored...
Language Lessons for Property/Casualty Insurers
Dec 18 2017 // InsurTech leaders speaking at the InsureTech Connect Conference in October had a message for traditional insurers they have probably heard before: The language that insurance agents and carriers use is creating a gulf...
The Road to a Rebound After 2017 Storms, Wildfires: Fitch
Dec 18 2017 // U.S. property/casualty insurers will rebound in 2018 from the late-2017 onslaught of hurricanes and wildfires, but it will take a while to return to “significant underwriting profits,” Fitch Ratings predicted...
Tower Group Companies Top List of U.S. P/C Impairments in 2016: A.M. Best
Dec 13 2017 // Of the 14 property/casualty impairments identified for 2016, 11 were members of the Tower Group, with the remaining three composed of two medical professional liability risk retention groups and a commercial lines...
Commercial Insurance Prices in U.S. Stayed Flat in Q3: Willis Towers Watson
Dec 11 2017 // Commercial insurance prices in the U.S. were again nearly flat during the third quarter of 2017. Price changes reported by carriers averaged less than one percent for the ninth consecutive quarter, following a moderating...
It’ll Take Time for P/C Insurers’ Profits to Rebound After 2017 Storms, Wildfires: Fitch
Dec 11 2017 // U.S. property/casualty insurers will rebound in 2018 from the late-2017 onslaught of hurricanes and wildfires, but it will take a while to return to “significant underwriting profits,” Fitch Ratings predicted...
NAIC Honors 3 for Leadership in State Insurance Regulation
Dec 7 2017 // The National Association of Insurance Commissioners (NAIC) recognized three state regulators for their contributions to state-based insurance regulation during the the NAIC’s 2017 Fall National Meeting. The NAIC...
Coalition, a Cyber Insurer and Cybersecurity Firm, Makes Its Debut
Dec 6 2017 // Coalition is making its formal debut into the cyber insurance space, but with a twist. The San Francisco-based startup is also a cybersecurity firm. Founded in March 2017, Coalition is co-founded by technology...
