Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
XL Reports Q1 Operating Net Income of $194.4M, Combined Ratio at 88.9%
Apr 30 2015 // Dublin-based XL Group plc reported first quarter operating net income of $194.4 million, or $0.75 per share, for the first quarter on a fully diluted basis, down from $238.6 million, or $0.85 per share, for the same period...
Swiss Re Posts 17% Increase in Q1 Net income to $1.4 Billion
Apr 30 2015 // Swiss Re reported strong results for the first quarter of 2015, with net income rising 17 percent to $1.4 billion and ROE of 16.1 percent, “driven by profitability across all Business Units and strong investment...
SCOR Global P&C Posts 5.8% Premium Increase for April Renewals
Apr 29 2015 // French reinsurer SCOR reported that the April renewals saw SCOR Global P&C’s gross written premiums increased by 5.8 percent from €374 million [$411 million] to €396 million [$436 million], at constant...
Hartford Reports Profit Declined in Q1
Apr 28 2015 // Hartford Financial Services Group Inc., the insurer that sold life units to focus on property/casualty coverage, said first-quarter profit fell 5.7 percent as results deteriorated at P/C units. Net income dropped to $467...
ACE’s Greenberg Cautions on Pricing, Growth Pressures
Apr 23 2015 // ACE Ltd. Chief Executive Officer Evan Greenberg said there are signs the insurance industry is entering another era of taking on too much risk as competition pressures companies to lower prices to win...
ACE Reports Q1 Operating Income of $745 Million; Net Income $681 Million
Apr 22 2015 // ACE Limited reported net income for the quarter ended March 31, 2015, of $681 million, or $2.05 per share, compared with $734 million or $2.14 per share in Q1 2014. Operating income was $745 million, or $2.25 per share,...
Young Agents Survey: The Next Generation Steps Up
Apr 20 2015 // You can download the PDF of the Young Agents Survey Results for free, compliments of Foremost Insurance Group. The independent insurance agency system is getting older. So much so that the average age of a U.S. insurance...
Merger & Acquisition Activity Continues to Climb
Apr 20 2015 // Acquisition activity for the first quarter of 2015 reached 90 deals, a record for the first three months of the year. We saw the same number of transactions announced during the fourth quarter of 2014, typically the most...
Philadelphia Insurance Companies Announces 4 Promotions
Apr 16 2015 // Philadelphia Insurance Companies, a Bala Cynwyd, Pennsylvania-based commercial property/casualty and professional liability insurance company for niche markets, promoted Laura Boylan to vice president of Human Resources....
Hot Insurance Markets for 2015
Apr 14 2015 // This year’s “Hot Markets” report for property/casualty insurance agents and brokers includes some not-so-usual suspects along with tried-and-true markets enjoying growth. Insurance Journal examined...
EPIC Names Mitchell Senior Vice President of Sales in West
Apr 14 2015 // Edgewood Partners Insurance Center has named Christopher R. Mitchell senior vice president of sales in the firm’s Northern California Bay Area property/casualty insurance division. Mitchell will be based in Concord,...
The Crichton Group Adds Five to Tennessee Agency
Apr 13 2015 // The Crichton Group, an independent insurance agency in Middle Tennessee, has added five new employees to its team: Beth McKay, has been named new benefits administration supervisor; Jeff Corvin, has been named account...
Travelers to Buy Majority Interest in P&C Business of Brazil Joint Venture
Apr 13 2015 // The Travelers Companies Inc. announced that it has agreed to acquire a majority interest in the property and casualty business of its J. Malucelli Participações em Seguros e Resseguros S.A. joint venture in Brazil. J....
MHBT Adds Lemons as Commercial P/C Account Executive in Lubbock
Apr 7 2015 // Stacey Miller Lemons has joined Dallas-based insurance broker MHBT Inc. as a commercial property/casualty account executive. Stacey Lemons Lemons, who is based in Lubbock, Texas, has more than 25 years of risk management...
Solvency II Staggers Towards Finish Line: a Retrospective Analysis
Apr 7 2015 // It’s been a long process, but, according to Paul Fisher, deputy head of the Bank of England’s Prudential Regulation Authority (PRA), who supervises insurance and regulatory risk, the introduction of the...
NFP Acquires North Carolina-Based Trinity Consulting
Apr 7 2015 // Insurance broker and consultant NFP has expanded its P&C capabilities and added to its employee benefits operation by acquiring Trinity Consulting. The transaction closed on March 3, 2015. A large risk management and...
P/C Insurance M&As: Deal Value Up, More to Come
Apr 6 2015 // Merger and acquisition activity in the property/casualty industry is increasing in deal value and will likely expand from reinsurers to primary carriers, according to two new industry reports. Deloitte said that the...
NFP Acquires Arizona-Based WIS
Mar 31 2015 // NFP has acquired Weber’s Insurance Service Inc. and Weber’s Assurance Group LLC in Arizona. The transaction was effective Feb. 18, but terms of the deal were not released. Weber’s Insurance and...
Aon Benfield Aggregate Study Confirms Reinsurer Capital Builds to $575 Bn
Mar 31 2015 // In the latest edition of its Aon Benfield Aggregate (ABA) report, which analyses the financial results of 31 major reinsurers in 2014, Aon Benfield confirmed earlier estimâtes that global reinsurer capital rose by 6...
J.M. Wilson Announces Staff Changes in Illinois
Mar 26 2015 // Jenna Caschetta Insurance wholesaler J.M. Wilson has promoted Jenna Caschetta to property/casualty underwriter in its Arlington Heights, Ill., office and added Gerry McCabe as P/C underwriter. Caschetta is responsible for...
