Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
Zurich Acquires 50% of Spain’s Caixa Sabadell Life & P/C Insurance Units
Apr 24 2008 // Zurich Financial Services Group announced that it has signed agreements to acquire a 50 percent stake in Spain’s Caixa d’Estalvis de Sabadell’s life and general insurance companies, CaixaSabadell Vida,...
Liberty Mutual to Acquire Safeco Insurance in $6.2B Deal
Apr 23 2008 // Liberty Mutual Group has agreed to acquire all outstanding shares of common stock of Safeco Corp. for $68.25 per share in cash in a deal that will make Liberty Mutual the fifth largest U.S. property/casualty insurer and...
Agents and the Recession: Agents Tend to Fare Better Than Their Customers
Apr 22 2008 // Main Street independent insurance agents could take a bigger hit than their larger counterparts as an economic recession lands on top of the soft market. The soft market coinciding with a bad economy is a real challenge...
NIP Founder Has a Passion for Director Protection
Apr 22 2008 // Bill Pollock is passionate about protecting directors of companies. The Dartmouth College and University of Virginia law school graduate has been a director and a CEO, and understands from both sides the position company...
People
Apr 21 2008 // The Main Street America Group board of directors promoted two and appointed two to officer-level positions. The Jacksonville, Fla.-based company promoted John Thompson to vice president, operational controller and Dean...
Declarations
Apr 21 2008 // P/C Consolidation “The logic of consolidation within the property and casualty industry, particularly in North America, may be gaining favor as the economy slows and as rates soften. However, our research suggests...
AIG Rebrands Domestic Insurance Operations as P/C Group; Shuffles Executives
Apr 21 2008 // American International Group, Inc. has renamed its Domestic General Insurance operations the AIG Property Casualty Group, a move the company said reflects AIG’s corporate brand and an intention to provide a clearer...
Soft Market’s Effect on Premium Volume Doesn’t Have to Hinder Revenue
Apr 21 2008 // Soft market’s effect on premium volume doesn’t have to hinder revenue Premium volume may be down for independent agencies across the country but that doesn’t mean agency revenue is down for some of the...
White Papers and Blueprints: Agents Chart Their Own Regulatory Future
Apr 21 2008 // Independent agents hold onto market share, prepare for post-November election politics Insurance Journal‘s Editor-in-Chief Andrea Wells interviewed Robert Rusbuldt, CEO and president of the Independent Insurance...
Top 100 Property Casualty Independent Agencies
Apr 21 2008 // About This Report: The soft market had its effect on this year’s Top 100. But despite challenging soft market conditions, 15 of the privately-owned agencies and brokerages on Insurance Journal‘s Top 100...
Premium Growth: Top 25 P/C Premium Gainers in 2007 Versus 2006
Apr 21 2008 // President Calvin Coolidge noted that “All growth depends upon activity. There is no development physically or intellectually without effort, and effort means work.” That being the situation, the following 25...
Analysts See Increase in P/C Mergers Ahead; Rate Climate Change Top Issue
Apr 14 2008 // Insurance equity analysts expect a significant increase in property/ casualty mergers and acquisitions this year, according to findings of a global survey by Accenture. More than two-thirds (71 percent) of all P/C analysts...
The Ultimate Employee Benefit Producer School™
Apr 10 2008 // Lincoln, CA – April 10, 2008 – Agency Management Resource Group, a training, education and consulting firm serving independent insurance agencies, has announced the launch of the nation’s first producer...
Wells Fargo Names Stokes Managing Director in San Francisco
Apr 7 2008 // Wells Fargo Insurance Services Inc. has named Mark Stokes managing director for its San Francisco office. In addition to maintaining his current managing director responsibilities for Wells Fargo Insurance Services’...
AIG Rebrands Domestic Insurance as P/C Group; Shuffles Executives
Apr 7 2008 // Insurance giant American International Group, Inc. has renamed its Domestic General Insurance operations the AIG Property Casualty Group, a move the company says reflects the increasing power of AIG’s corporate brand...
Push for Federal Regulation is Call Ror No Regulation
Apr 7 2008 // Editor’s Note: The following letter was sent to the president of American Insurance Association Gov. Marc Racicot. I read with interest your letter and news release calling for state insurance regulators to...
A Passion for Protecting Directors of Companies
Apr 7 2008 // Process involves more than simply procuring insurance, NIP founder says Bill Pollock is passionate about protecting directors of companies. The Dartmouth College and University of Virginia law school graduate has been a...
Take a P/C Soft Market, Throw in a Recession, and Stir
Apr 7 2008 // The P/C industry’s chief economist on how agents are affected when a recession coincides with a soft market The following interview with Robert Hartwig, president of the Insurance Information Institute, took place...
During a Recession, Agents Tend to Fare Better Than Their Customers
Apr 7 2008 // Agents writing residential contractors feel recession first; manufacturing, retail segments follow Main Street independent insurance agents could take a bigger hit than their larger counterparts as an economic recession...
Atlantic American Sells its Regional Property and Casualty Operations
Apr 1 2008 // Atlanta-based Atlantic American Corp. sold its regional property and casualty operations to Columbia Mutual Insurance Co. of Columbia, Mo. Included in the sale are Association Casualty Insurance Co,, Association Risk...
