Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
‘New Chubb’ Opens as Giant ACE, Chubb Merger to Close
Jan 14 2016 // ACE Ltd. and Chubb said they have received all necessary regulatory approvals and will close their $29.7 billion merger agreement today, Jan. 14 – six months after the companies first announced their surprise deal. The...
Barney & Barney in California Names Nine New Principals
Jan 13 2016 // Barney & Barney has appointed nine senior executives to principals. The new principals in the firm’s San Diego, Calif. office are: David Freeman; Richard Hallett; LuAnn McSwiggen and Debora Walker. The new...
60% of P/C Execs See 2016 Much Like 2015; 55% Expect Democrat to Win White House
Jan 13 2016 // Leaders of the property/casualty insurance industry expect 2016 to be a profitable year much like 2015 but do not see any increase in profitability this year for most lines of insurance, and they do not expect the economy...
Obama Nominates 4 to NARAB National Producer Licensing Governing Board
Jan 12 2016 // President Barack Obama has nominated four individuals to sit on the 13-member governing board of a new national insurance producer licensing system. They are state insurance regulators from South Carolina and Minnesota and...
Barney & Barney Announces 9 New Principal Appointments
Jan 12 2016 // Barney & Barney, a Marsh & McLennan Insurance Agency LLC company based in San Diego, Calif., has promoted nine senior executives to principals. The new principals in the firm’s San Diego office are David...
Entrepreneurs Raise $13 Million to ‘Reinvent’ U.S. P/C Insurance with Peer-to-Peer Insurer Lemonade
Jan 11 2016 // The U.S. property/casualty insurance industry is about to be tested directly by the sharing economy. Two tech entrepreneurs have raised $13 million in initial funding to launch a peer-to-peer online property/casualty...
Expect P/C Insurance Price Stagnation in 2016: Kroll
Jan 11 2016 // After a banner 2015 for the U.S. property/casualty insurance sector, pricing pressures will lead to stagnation or rate declines in 2016, Kroll Bond Rating Agency Inc. predicted. Pricing will either be flat or down over the...
Outlook for U.S. Commercial P/C Insurance Still Negative: A.M. Best
Jan 8 2016 // Rating agency A.M. Best said it is maintaining its negative outlook on the commercial lines segment of the U.S. property/casualty (P/C) industry, despite relatively solid aggregate results over the past several years. The...
Capital Stabilizes, Prices Keep Softening During Jan. 1 Renewals: Guy Carpenter
Jan 6 2016 // Reinsurance capital levels stabilized during the Jan. 1, 2016 renewals – showing no growth for the first time in several years – and prices continued to soften, according to Guy Carpenter & Co.’s global...
For P/C Insurance Rates, 2015 Ended on Another Downward Note: MarketScout
Jan 5 2016 // While it may seem like the property/casualty insurance industry has been in a soft market for a long time, it’s actually only been four months, according to one brokerage executive who tracks pricing every...
6 Forecasts for P/C Insurance in 2016
Jan 4 2016 // Some, but not all, experts see an improving U.S. economy in 2016 helping to boost the property/casualty (P/C) insurance sector. Some of these prognosticators are more optimistic than others. But most also anticipate...
Britton Gallagher Adds Danziger in Global P/C Unit
Jan 4 2016 // Cleveland, Ohio-based insurance brokerage Britton Gallagher has added Howard Danziger in its Global Property and Casualty division. Danziger has over 28 years of experience in the insurance industry as both a risk manager...
NFP Acquires Vanorsdale Insurance Services in California
Dec 30 2015 // NFP Property & Casualty has acquired San Diego, Calif.-based Vanorsdale Insurance Services Inc. Terms of the deal were not disclosed. The firm’s president, Doug Galloway, will assume the role of director of NFP...
Expect P/C Insurance Price Stagnation in 2016: Kroll
Dec 30 2015 // After a banner 2015 for the U.S. property/casualty insurance sector, pricing pressures will lead to stagnation or rate declines in 2016, Kroll Bond Rating Agency Inc. predicted. Pricing will either be flat or down over the...
Top 10 Property/Casualty Insurance News Stories of 2015
Dec 30 2015 // The year 2015 was a year during which the property/casualty insurance industry worried and learned about disruptive forces, new competitors, new leaders and emerging risks. Also, some of the industry’s news revived...
NFP Acquires Absolute Advantage in Arizona
Dec 29 2015 // NFP Property & Casualty has acquired Lake Havasu City, Ariz.-based Absolute Advantage Insurance Services LLC. The deal transaction closed on Dec. 4. Absolute will operate from the existing NFP office in Lake Havasu...
Top 20 P/C Insurance Lists of 2015
Dec 29 2015 // During the course of 2015, Insurance Journal published numerous property/casualty insurance lists and rankings. The following were the most popular. Top P/C Insurance Lists and Rankings of of 2015 Top 100 Independent...
AXA to Buy Liberty Ubezpieczenia, Polish P&C Operations of Liberty Mutual
Dec 28 2015 // AXA announced it will acquire Liberty Ubezpieczenia, the Polish property & casualty operations of Liberty Mutual Insurance Group for 92.3 million Polish Zloty ($23 million), plus the net asset value outstanding as of...
ACE Appoints Future Leadership Team for P&C Business in Asia Pacific
Dec 28 2015 // ACE Group announced the future commercial property & casualty leadership team for the new Chubb Group in Asia Pacific. These appointments will take effect upon completion of the acquisition of Chubb, which is expected...
Who’s In, Who’s Out? 2015 Was Year of Replacing P/C Insurance CEOs
Dec 27 2015 // During 2015, a surprising number of top executives of property/casualty insurance carriers stepped down, opening the door for new leaders at the helm of some of the industry’s best-known brands. The replacements and...
