Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
EPIC Adds Elliott as Executive VP in Austin
Dec 1 2017 // EPIC Insurance Brokers and Consultants, the retail property/casualty insurance brokerage and employee benefits consulting subsidiary of EPIC Holdings, has added insurance brokerage industry veteran Sam Elliott in Austin,...
Insurers’ Asbestos Payments in 2016 Topped $3 Billion
Nov 30 2017 // While U.S. asbestos-related incurred losses dropped in 2016, property/casualty insurers’ payments for asbestos claims grew 9 percent and hit $3.2 billion for the year, a new A.M. Best report concludes. The $3.2...
Heritage to Acquire Rhode Island’s Narragansett Bay Insurance
Nov 28 2017 // Heritage Insurance Holdings Inc., a Clearwater, Fla.-headquartered property/casualty insurance holding company, has secured regulatory approval from the Rhode Island Department of Business Regulation to acquire NBIC...
Chubb Forms Partnership with China’s Largest P/C Insurer, PICC
Nov 27 2017 // Giant insurer Chubb Limited has entered into a 10-year strategic cooperation agreement with PICC Property & Casualty Company of China that will provide PICC’s customers and other Chinese-affiliated companies...
Pen Underwriting Builds on QBE Partnership with Irish P/C Capacity Deal
Nov 20 2017 // Pen Underwriting has extended its strategic relationship with QBE into the Republic of Ireland, with a new property & casualty capacity partnership in the highly specialist area of hazardous goods & environmental...
Gresham to Lead Expansion of Pinnacle Actuarial Resources into Carolinas
Nov 20 2017 // Consulting Actuary Legaré W. Gresham has established Pinnacle Actuarial Resources Inc.’s presence the Carolinas with the opening of an office in Charleston, South Carolina, as the firm continues to grow both...
People
Nov 20 2017 // Deerfield, Illinois-based Alera Group, a national employee benefits, property/casualty, risk management and wealth management firm, has appointed Bill Doucette as vice president of Human Resources and Organization...
People
Nov 20 2017 // The Central Insurance Companies announced the election of Evan Purmort to its board of directors as well as his appointment to the executive committee of the Central Companies. Purmort resides in Boston, Mass. As regional...
Academy of Insurance Offers Free Videos as ‘Building Blocks’ for Insurance Education
Nov 14 2017 // Insurance Journal’s Academy of Insurance is offering micro-videos at no cost to insurance professionals through its new Building Blocks tool. The Building Blocks tool supplies professionally created micro-videos for...
Chubb Launches Commercial Division for SMEs in Asia Pacific
Nov 14 2017 // Chubb announced it has formed a division in Asia Pacific dedicated to the risk management needs of small- and medium-sized enterprises (SMEs). This new business division, which is named the Small Commercial Division,...
Seeman Holtz Property & Casualty Acquires Check Out Insurance in Dallas
Nov 13 2017 // Boca Raton, Florida-based Seeman Holtz Property & Casualty Inc. has acquired Check Out Insurance LLC, headquartered in Dallas. Check Out Insurance will be joining the Primera Capital team to bring a solid book of...
London Market’s Placing Platform, PPL, Adds P/C Lines to Growing Roster of Risks
Nov 6 2017 // PPL, the London market’s electronic placing platform, announced that property/casualty risks now can be bound on the platform. The PPL platform first began trading in July 2016 with stand-alone terrorism risks. It...
Willis Towers Watson Taps Yeung from AIG as Head of P/C, North Asia
Nov 6 2017 // Willis Towers Watson announced the appointment of Evariste Yeung as head of Property and Casualty, North Asia. Yeung’s appointment took effect on Sept. 25, 2017. He is based in Shanghai and reports to Richard Collis,...
Once-Stable P/C Insurance Lines Faces Challenges Ahead: Guy Carpenter
Nov 6 2017 // While the U.S. property/casualty insurance industry is well capitalized and market sentiment is mostly positive, it still faces economic and market-based headwinds that will challenge its profitable growth going...
People
Nov 6 2017 // Los Angeles, Calif.-based Worldwide Facilities has named Cameron Kelly its chief operating officer. Kelly will be responsible for managing the company’s production offices, compliance, and acquisition integration. He...
China May Be Poised to Outpace U.S., Europe in Insurtech Innovation
Nov 3 2017 // Without legacy systems to drag down their efforts, companies in emerging market—and China, in particular – may be poised to outpace U.S. and European counterparts developing insurtech innovations. Unencumbered by...
J.M. Wilson Hires Kane as Assistant Property/Casualty Underwriter in Illinois
Nov 2 2017 // Managing general agency and surplus lines broker, J.M. Wilson, has hired Brian Kane as assistant property/casualty underwriter in its Arlington Heights, Illinois, office. Kane has more than 17 years of experience in the...
Stephens Insurance Adds Property/Casualty, Benefits Expertise in Houston
Nov 2 2017 // Stephens Insurance LLC, an affiliate of Stephens Inc., has hired industry veterans Leigh Ellis and Will Ogilvie in its Houston office. Ellis joins Stephens as a senior vice president in the commercial property/casualty...
Guidewire Completes Cyence Acquisition; Names Sherry, Maier to Top Posts as Roza Departs
Nov 1 2017 // Property/casualty insurance software provider Guidewire Software announced a transition in its sales and operations leadership, and the closure of its previously announced acquisition of Cyence. Guidewire announced that...
Swiss Re Names Richards as Head Casualty Reinsurance; Parton as Head P/C Business Mgmt.
Nov 1 2017 // Swiss Re has appointed Jason Richards as head Casualty Reinsurance. At the same time, Nicola Parton was named head P/C Business Management, and James Shepherd was appointed head of L&H Business Management. Richards...
