Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
Amlin Reports 1.4% Drop in Q1 Gross Written Premiums to $1.96 Billion
May 21 2015 // London-based Amlin plc reported gross written premium for the three months ended March 31, 2015 of £1.26 billion ($1.96 billion), compared with £1.27 billion ($1.97 billion) reported for the said period in 2014. At...
Massachusetts DOI Issues Bulletin on Certificates of Insurance Law
May 18 2015 // The Massachusetts Division of Insurance (DOI) issued a bulletin to provide guidance on the implementation of Massachusetts General Laws Chapter 175L, concerning the issuance of certificates of insurance. Chapter 175L was...
MSIG at Lloyd’s Hires Eyres in Property Underwriting; Dougall Heads P&C
May 18 2015 // MSIG at Lloyd’s, the international specialty arm of Mitsui Sumitomo Insurance Group, has appointed Martin Eyres as property underwriting manager and promoted Andrew Dougall as head of property and casualty. Eyres,...
P/C Insurers Post Underwriting Profit, Record Surplus for 2014
May 18 2015 // The U.S. property/casualty insurance industry posted its second consecutive year of profitable underwriting results in 2014, according to A.M. Best. Surplus for this sector increased by $21.9 billion and reached another...
Hannover Re’s Q1 Net Income Increases 20.1% to $311.8 Million
May 6 2015 // During the first quarter, Hannover Re generated net income of 279.7 million euros ($311.8 million), a 20.1 percent increase over the 233.0 million euros ($260 million) reported for the same period last year. “The...
SCOR Posts $196 Million Q1 Net Income; GWP up 17% to $3.5 Billion
May 6 2015 // French reinsurer SCOR made a strong start to 2015; posting consolidated net income in the first quarter of €175 million [$196 million], a 29.6 percent gain from the €135 million [$151.3 million] in Q1 2014. SCOR listed...
Henderson Brothers Hires St. Myer as P/C Account Executive in Pittsburgh
May 5 2015 // Bradley St. Myer Henderson Brothers Inc., an independent insurance agency based in Pittsburgh, hired Bradley St. Myer as property/casualty account executive. St. Myer brings more than 10 years of insurance sales experience...
P/C Insurers Post Underwriting Profit, Record Surplus for 2014
May 5 2015 // The U.S. property/casualty insurance industry posted its second consecutive year of profitable underwriting results in 2014, according to A.M. Best. Surplus for this sector increased by $21.9 billion and reached another...
Best Affirms Ratings of XL and Subs; Removes from Under Review
May 4 2015 // A.M. Best has removed from under review with negative implications and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a+” of the ongoing...
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,...
