Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
Insurance Agency M&A Activity Continues at ‘Impressive’ Level: OPTIS
Oct 12 2018 // There were 463 announced insurance agency mergers and acquisitions during the first three quarters of the year, the second-highest nine-month total. According to OPTIS Partners’ M&A database, the total trails...
Efficiency, Insurtech, Auto Uncertainty Drive Insurance M&A Activity, Says S&P
Oct 10 2018 // After one of the most active years for mergers and acquisitions in property/casualty and life insurance, market conditions point to a continued push for deals, according to analysis by S&P Global Market...
J.M. Wilson Names Taylor James P/C Underwriter in Ohio
Oct 8 2018 // J.M. Wilson has named Taylor James a property/casualty underwriter in its Ohio office. Ms. James is responsible for underwriting new and renewal accounts for a variety of property/casualty risks, as well as issuing...
Seeman Holtz Property & Casualty Acquires Spencer Insurance Agency of Florida
Oct 5 2018 // Florida-based Seeman Holtz Property & Casualty, Inc. has acquired Spencer Insurance Agency LLC, headquartered in Hobe Sound, Fla. Spencer Insurance Agency has been serving the Eastern coast of Florida for over 25...
Greenlight Re Invests in Hong Kong-Based Blockchain Business
Oct 2 2018 // A division of Greenlight Capital Re has invested in a blockchain-related business based in Hong-Kong. The Cayman Islands-headquartered property/casualty specialist reinsurer said it pursued a strategic investment in...
Linking P/C Auto Insurance Customer Experience to Improved Financial Value
Oct 2 2018 // Most insurance organizations have historically built strategic plans around a few core tenets: 1) increasing sales (market share and growth); 2) improving acquisition or retention; 3) increased persistency; and 4)...
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Oct 1 2018 // Fourteen-year Erie Insurance veteran Glenn Kricher has been appointed to the position of branch manager at the insurer’s Harrisburg, Penn., branch, effective Sept. 13. As a current senior district sales manager in...
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Oct 1 2018 // Farm Bureau Insurance of Michigan appointed Matt Taylor as vice president of Marketing. Taylor joined Farm Bureau Insurance in 2009 as an agent. He later joined marketing management as a managing partner in the Southeast...
Most of the Time, Nothing Goes Wrong and This Is a Big Problem
Oct 1 2018 // In Ernest Hemingway’s “The Sun Also Rises,” a character, Mike, was asked how he went bankrupt. “Two ways,” Mike said, “Gradually and then suddenly.” Every agency owner with whom...
UPC Insurance, Tokio Marine Kiln Form New Florida-Based Property Insurer ‘Journey’
Sep 27 2018 // United Insurance Holdings Corp. (UPC Insurance), a property and casualty insurance holding company, has formed Journey Insurance Co. in partnership with Tokio Marine Kiln. The new property and casualty insurer will...
Why Small Mutual P/C Insurers, Insurtechs May Need Each Other: A.M. Best
Sep 19 2018 // Technology-oriented insurance startups and established small mutual property/casualty insurers may find they are better off partnering than competing. Mutual property/casualty insurance companies continue to face...
Hanover Insurance May Follow Chaucer Sale with Talent Hiring, Acquisition
Sep 17 2018 // The Hanover Insurance Group could use some of the $950 million it will make from selling its Chaucer international specialty business to fuel organic growth, pursue select acquisitions and hire top talent from rivals,...
More Super Regional P/C Carriers Ready to Dive Into Specialty Lines
Sep 17 2018 // There’s Opportunity in Unusual and Emerging Risks, Sullivan Tells Carriers The current economic and business wave presents property/casualty insurance carriers with opportunities to expand or differentiate themselves...
How U.S. P/C Commercial Insurers Will Fare Through 2019: Moody’s Investors Service
Sep 17 2018 // The outlook for the U.S. property/casualty commercial insurance sector for the next 12 to 18 months remains stable given healthy core earnings and sound balance sheets in the view of analysts at Moody’s Investors...
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Sep 17 2018 // AmWINS Brokerage of Georgia has added Alex Furlong, an energy and environmental specialist, to its casualty team. He will be based in Atlanta. Prior to joining AmWINS, Furlong spent several years as a casualty producer at...
People
Sep 17 2018 // Sam Siddons and Craig Morelos have joined the property/casualty practice at EPIC Insurance Brokers and Consultants as principals. Siddons will be responsible for new business development, the design, placement and...
People
Sep 17 2018 // Brian L. Risen, senior vice president, Mackinaw Underwriters, a member of the AmeriTrust Group Inc., has been promoted to president of the Meadowbrook Insurance Agency in Southfield, Michigan. Risen has over 23 years of...
How U.S. P/C Commercial Insurers Will Fare Through 2019: Moody’s
Sep 10 2018 // The outlook for the U.S. property/casualty commercial insurance sector for the next 12 to 18 months remains stable given healthy core earnings and sound balance sheets in the view of analysts at Moody’s Investors...
Florida-Based Heritage Taps Soleimani as Director of Investor Relations
Sep 10 2018 // Heritage Insurance Holdings, Inc., a Florida-based property and casualty insurance holding company, has added Arash Soleimani to its management team as an executive vice president and director of Investor...
New York Approves AXA Acquisition of XL Group
Sep 3 2018 // France’s AXA Group moved a step closer to closing on its acquisition of XL Group as Nw York insurance regulators have given their approval of the deal. New York’s Department of Financial Services (DFS) on...
