Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
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...
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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...
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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...
15 Emerging Risks Worth Watching That Are Not Cyber
Sep 3 2018 // When insurance experts are asked what they see as the most important emerging risk for the property/casualty insurance industry, their consensus is cyber in some form. While cyber obviously poses tremendous risks, some...
Insurer Downgrades Jumped in 2018 But Were Still Outnumbered by Upgrades: A.M. Best
Sep 3 2018 // Catastrophic weather events in 2017 helped spur an increase in rating downgrades for the U.S. property/casualty (P/C) industry during the first half of 2018, according to an A.M. Best report. But the report also notes that...
Seeman Holtz Acquires Indiana Agency, Ritman & Associates
Aug 30 2018 // Seeman Holtz Property & Casualty Inc. has acquired Noblesville, Indiana-based Ritman & Associates Inc., which specializes in professional liability insurance. Jennifer Ritman has built a boutique insurance agency...
Insurers Looking to Continue Hiring in Very Competitive Labor Market
Aug 29 2018 // Insurance companies are hoping to hire additional employees over the rest of 2018 in a labor market that remains extremely competitive, according to a study from The Jacobson Group and Aon’s Ward Group. About 63...
Maday Joins J.M. Wilson as Assistant Property/Casualty Underwriter
Aug 29 2018 // Managing general agency and surplus lines broker J.M. Wilson has added Mark Maday as assistant property/casualty underwriter in the company’s Arlington Heights, Illinois, office. Maday is responsible for underwriting...
P/C Insurance Industry Delivered Improved Results in First Half
Aug 29 2018 // Mid-year results for U.S. property/casualty insurers and reinsurers show they are on the mend following a trying 2017, according to Fitch Ratings. Operating performance moderately improved for P/C (re)insurers during the...
EPIC Insurance Brokers Adds Morelos, Siddons as Principals in Southwest Region
Aug 22 2018 // Sam Siddons and Craig Morelos have joined the property/casualty practice at EPIC Insurance Brokers and Consultants as principals, reporting to EPIC Managing Principal and Southwest Region Director KJ Wagner. Siddons will...
Cincinnati Financial’s Scherer to Retire in Year; Company Announces Executive Changes
Aug 22 2018 // Cincinnati Financial Corp. announced that Jacob F. Scherer Jr., chief insurance officer and executive vice president of its lead subsidiary, The Cincinnati Insurance Co., plans to retire in August 2019. The company also...
Chubb Appoints Wong as Country President for Hong Kong, Taiwan & Macau
Aug 21 2018 // Chubb has appointed Stanley Wong as country president for Hong Kong, Taiwan & Macau, effective Oct. 1, 2018. He replaces Doug White, who was appointed to the role of head of the Major Accounts Division for Chubb in...
Socius Insurance Services Hires Ascolese in New York City
Aug 20 2018 // Socius Insurance Services Inc., a management liability and property/casualty insurance wholesaler, has hired Jerry Ascolese to join its casualty practice as vice president. Ascolese will be based in New York City – a...
A.M. Best Upgrades Ratings for Palisades Group, High Point Homeowners Group
Aug 20 2018 // Plymouth Rock Assurance has announced that A.M. Best Rating Services Inc. upgraded the financial strength ratings of the Palisades Group and High Point Homeowners Group to A- (Excellent). In addition, their long-term...
China’s Online Insurer ZhongAn to Get Investment from SoftBank for Overseas Growth
Aug 20 2018 // ZhongAn Online P&C Insurance Co. Ltd., the first internet-only insurer in China, announced its subsidiary ZhongAn International will receive a strategic investment from SoftBank Vision Fund, which will support the...
Chubb Launches Major Accounts Division in Asia-Pacific Region, Headed by White
Aug 20 2018 // Chubb announced the establishment of a Major Accounts Division in the Asia Pacific region, a dedicated premium service that encompasses underwriting, risk engineering and claims for the region’s large, global and...
