Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
People
Jan 23 2017 // Ryan Specialty Group LLC has named Charlie Rosson senior vice president. Rosson is based in San Francisco, Calif. He will work to develop RSG penetration with brokers on a national basis. He has 23 years of experience in...
XL Catlin Appoints Middleton to Manage Ceded Reinsurance Placements
Jan 19 2017 // XL Catlin’s P&C Underwriting Capital Management operation has appointed Anne Middleton to manage its ceded reinsurance placements globally. In her new role, Middleton, who is based in Londo, will be responsible...
NFP Acquires City Securities Insurance in Indiana
Jan 18 2017 // New York-based insurance broker and consultant, NFP, has acquired City Securities Insurance LLC in Indianapolis. The transaction closed on Dec. 30, 2016. City Securities Insurance is a full service property/casualty and...
Duck Creek Technologies Acquires Data Management Software Firm Yodil
Jan 4 2017 // Duck Creek Technologies, a Boston-based provider of core system cloud services and software to the global property/casualty insurance industry, said it has acquired Yodil, an insurance data management software firm based...
Why Young Insurance Agents Are So Optimistic
Dec 29 2016 // It’s no secret that the insurance industry is facing a huge talent gap. Almost half of all insurance professionals are over age 45, with 25 percent of the industry expected to retire by 2018. That’s a...
SCOR Authorized to Open India Branch Office to Write Life, P/C Reinsurance
Dec 28 2016 // The Insurance Regulatory and Development Authority of India (IRDAI) has granted SCOR “R3 authorization,” allowing the group to open a composite branch office in India to conduct life and P/C reinsurance...
Top 12 Insurance Trends and News Stories of 2016: Countdown
Dec 27 2016 // In the year 2016, as in past years, there were the familiar or continuing stories including reinsurers still wishing and hoping for a hardening market; property/casualty insurance carriers reporting financial results...
Zhongan Online P&C Insurance Pulls H.K. IPO Plans; China Listing Eyed: Sources
Dec 21 2016 // Zhongan Online P&C Insurance Co. scrapped plans for an initial public offering in Hong Kong or the U.S. and is instead focusing on a listing in mainland China, people familiar with the matter said. Lukewarm overseas...
Guidewire to Acquire Insurance Cloud Software Firm ISCS for $160 Million
Dec 19 2016 // Guidewire Software, which serves property/casualty insurers, has agreed to acquire another insurance software firm, San Jose, California-based ISCS, for $160 million in cash. The deal gives Guidewire entry into the small...
Texas Issues Mandatory Data Call to Property/Casualty Insurers
Dec 19 2016 // The Texas Department of Insurance has issued a mandatory annual data call to all insurance companies writing private passenger nonfleet automobile, homeowners multiple peril, workers’ compensation, commercial fire...
Great American Insurance Promotes Sullivan, Thompson Within P/C Operations
Dec 14 2016 // Great American Insurance Group announced that Michael E. Sullivan Jr. has been promoted to executive vice president and David L. Thompson Jr. has been promoted to senior vice president within its property/casualty...
Canada’s P/C Insurance Market Stable with Good Demand: Moody’s
Dec 12 2016 // The outlook for the Canadian property and casualty (P/C) industry is stable, driven by good demand, strong underwriting discipline and solid balance sheets, says Moody’s Investors Service in a report. However, these...
Insurance Journal and Demotech, Inc. Announce Super Regional P/C Insurer Conference 2017 for C-Suite Professionals
Dec 12 2016 // Lake Geneva, WI, December 12, 2016- Insurance Journal and Demotech, Inc. announced their inaugural Super Regional P/C Insurer Conference, held July 16-18 2017 at the Grand Geneva Resort & Spa in Lake Geneva,...
XL Catlin Names Gale & Littlemore to Lead Bermuda, London Reinsurance Units
Dec 9 2016 // XL Catlin’s reinsurance operations has announced two key leadership appointments for Bermuda and London, both effective January 2017. Jonathan (Jon) Gale, currently chief executive London Reinsurance, will take over...
A Look Back at 2016 Atlantic Hurricane Season
Dec 8 2016 // The 2016 Atlantic hurricane season concluded on Nov. 30 with 15 named storms generating seven hurricanes, three of which were considered major ones, according to the industry’s Insurance Information Institute...
Gruber to Succeed Larson as President of Great American Insurance Co.
Dec 7 2016 // Gary J. Gruber has been promoted president and chief operating officer of Great American Insurance Co., effective January 1, 2017. Gruber will become the seventeenth president in Great American’s 145-year history,...
2016 State Specialist P/C Insurers Revealed: Demotech
Dec 5 2016 // The Demotech Company Classification System categorizes insurers into one of 11 categories based on an analysis of data reported by companies to the National Association of Insurance Commissioners (NAIC). The 11 categories...
Plans Underway for Super Regional P/C Insurer Conference 2017 for C-Suite Professionals
Dec 3 2016 // Insurance Journal and Demotech, Inc. announced that the inaugural Super Regional P/C Insurer Conference will be held July 16-18 2017 at the Grand Geneva Resort & Spa in Lake, Geneva, Wis. The theme of the event is...
Maximum Adds P&C Expert Murray to Florida Office
Dec 1 2016 // Maximum, an independent, Chicago-based excess and surplus lines wholesaler, has added Michelle Murray, who has a property and casualty background, to its office in Tampa, Fla. Murray is a Tampa native and will offer...
Asbestos Losses Continue to Haunt P/C Insurers: A.M. Best
Nov 29 2016 // Net ultimate asbestos losses for the U.S. property/casualty industry have risen once again. They’re now at $100 billion, and that’s $15 billion higher than the previous estimate, according to a new A.M. Best...
