Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
People
Sep 18 2017 // Integro Insurance Brokers has hired Michael McCarroll as senior vice president in the firm’s Woodland Hills, Calif., office. McCarroll will focus on developing new opportunities within the property/casualty, benefits...
Why Regulators Should Dump Anti-Rebating Laws
Sep 18 2017 // For the commercial property and casualty, and employee benefits segments of the insurance industry, anti-rebating laws are both nonsense and anti-consumer. Competition is intended to protect competitiveness in the...
P/C Direct Premium Written Up 4.5 Percent
Sep 18 2017 // Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually. At year-end 2016, approximately $606 billion of DPW was reported, a record high for the industry. For 2016,...
Seeman Holtz Property & Casualty Acquires Stirling Insurance of Florida
Sep 14 2017 // Seeman Holtz Property & Casualty, Inc. (SHP&C) has acquired Stirling Insurance Services, Inc., headquartered in Boca Raton, Florida. Stirling has served all of Florida for over 28, led by Terry Sgammato and his...
NFP Acquires Beacon Insurance Group of South Carolina
Sep 7 2017 // NFP, an insurance broker and consultant that provides employee benefits, property & casualty (P&C), retirement and individual private client products, has acquired Beacon Insurance Group, Inc., of South...
New York’s BOLT Solutions Hires Temple as Managing Director
Sep 5 2017 // BOLT Solutions Inc., a New York-headquartered provider of an online distribution and customer support platform for the property and casualty insurance industry, has hired Tom Temple as managing director of business...
P/C Insurers Lost $5.1B on Underwriting in First Half of 2017
Sep 4 2017 // The U.S. property/casualty (P/C) industry recorded a net underwriting loss of $5.1 billion for the first six months of 2017, according to preliminary results, compared with a $2.0 billion loss in the same period a year...
Brokers Bucking Disruption: How Wholesalers Hang On Through Change
Sep 4 2017 // As long as there is an insurance industry, wholesaler brokers believe they will have a role to play. “We will continue to be an important sector – a small sector – but still a very important sector of how...
S&P: Primary P/C Insurers, Not Reinsurers, to Bear Brunt of Harvey’s Insured Losses
Aug 29 2017 // While it’s too early to accurately quantify the insured losses related to Hurricane Harvey, primary insurance carriers — as opposed to reinsurers — would retain the majority of losses, according to analysts at...
P/C Insurers Lost $5.1 Billion on Underwriting in First Half of 2017: A.M. Best
Aug 29 2017 // The U.S. property/casualty (P/C) industry recorded a net underwriting loss of $5.1 billion for the first six months of 2017, according to preliminary results, compared with a $2.0 billion loss in the same period a year...
Ascot Launches P/C Reinsurance MGA: Ethos Specialty Insurance Services
Aug 22 2017 // Ascot Group Ltd. (AGL) has launched Ethos Specialty Insurance Services, LLC, a standalone managing general agent (MGA), operating under AGL. Michael Sillat has been appointed as chief executive officer of Ethos, effective...
Seeman Holtz Acquires Agency Acquisitions LLC in Texas
Aug 21 2017 // Seeman Holtz Property & Casualty Inc. has acquired Agency Acquisitions LLC, headquartered in Arlington, Texas. Agency Acquisitions specializes in trucking insurance. Seeman Holtz said the acquisition will add a niche...
M&A Activity Outpacing Prior Years: MarshBerry
Aug 21 2017 // Merger and acquisition (M&A) activity continued strong through the second quarter of 2017. The year to date announced deal count is 239 through June 30 (compaared to 222 for the same period last year). The number of...
101 Sales, Marketing & Agency Management Ideas
Aug 21 2017 // 1. Dare to Break the Mold. We tend to hit a sweet spot of what works for us in agency management and stay there, focusing on the “sexier” sales side of the business. It’s fine to keep what works, but...
5 Reasons Cyber Security Is Failing and What P/C Insurers Can Do About It
Aug 18 2017 // Businesses are spending a small fortune on cyber security but what they are doing is not working very well, according to a cyber security expert who sees the insurance industry as a key to improving the...
P/C Insurance Industry Maintains Favorable Ratings in First Half 2017: A.M. Best
Aug 17 2017 // Credit rating activity for the U.S. property/casualty industry in the first half of 2017 was favorable, with upgrades outpacing downgrades. Nearly one-third of the 2017 upgrades were driven by increased parental support,...
4 European Reinsurers Maintain Pricing Discipline in Tough Market: Fitch
Aug 17 2017 // The four largest European reinsurers – Munich Re, Swiss Re, Hannover Re and SCOR – have largely maintained pricing and policy terms without a significant drop in their business volumes, despite relentless soft market...
Why and How P/C Insurance Carriers Should Work with Insurtechs
Aug 15 2017 // Startup insurtechs need partnerships more than they need money from insurance carriers, according to one leading venture capitalist actively funding insurance technology firms. Venture firm XL Innovate’s Martha...
USI Southwest Names Glover Property/Casualty Practice Leader for North Texas
Aug 11 2017 // The Southwest region of USI Insurance Services (USI) appointed Joshua Glover as the property/casualty practice leader for North Texas. Glover will be based in USI’s Dallas office, reporting to Jack Wagner, USI...
Zurich Reports 21% Hike in Net Income as Restructuring Program Takes Hold
Aug 11 2017 // Zurich Insurance says its restructuring program is on track to achieve its goals over the next few years, continuing its work on cutting expenses, stabilizing its property and casualty business and rebalancing its...
