Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
Kemper, Infinity Shareholders Approve Merger
Jun 1 2018 // Kemper Corp. and Infinity Property and Casualty Corp.reported that the companies’ respective shareholders approved proposals related to the agreement announced in February under which Kemper will acquire...
Distribution Overpowers Underwriting. How CNA Ex-CEO Chookaszian Views Industry’s Past, Present and Future
Jun 1 2018 // The former chief executive of an insurance company believes the center of value of the property/casualty industry has shifted away from one of the activities that would seem to define an insurance risk-taking enterprise:...
Caribbean Insurers Well-Capitalized Despite 2017 Hurricane Losses: A.M. Best
Jun 1 2018 // An analysis of A.M. Best-rated property/casualty insurers based in the Caribbean reveals that hurricanes Irma and Maria were mainly earnings events, and that the responsiveness of reinsurers allowed these insurers to...
How to Succeed in Today’s Small Business Insurance Market
May 30 2018 // The small business market is big. The U.S. small commercial market represents about one-third of the total commercial lines market and generates between $99 billion and $103 billion in direct written premium, according to...
Burand’s State of the P/C Insurance Industry 2018: Pricing Cycle Effects on Agents
May 29 2018 // The property & casualty insurance and group benefits industry is changing faster than ever, or at least faster than any time in any reader’s history. Many factors are the parents of such change. In part one of...
P/C Insurers Improved Results in Q1
May 28 2018 // The U.S. property/casualty insurance industry saw its combined ratio improve by nearly five points in the 2018 first quarter and net underwriting income grow at a healthy clip, A.M. Best said in a special report. A...
N.Y. Updates Insurance Company Disaster Response, Recovery Plan Requirements
May 21 2018 // The New York Department of Financial Services (DFS) has issued updated disaster response and recovery plan requirements for all insurance companies licensed to conduct business in New York state. It issued these updated...
People
May 21 2018 // EPIC Insurance Brokers and Consultants has named Sean Conrad a principal in its Southern California operations. Conrad will be based in EPIC’s Irvine, Calif., office, and will be responsible for new business...
Insurance Journal Launches IJ Pro, A New Member Platform
May 16 2018 // May 16, 2018, San Diego, CA — Today Insurance Journal announces the launch of a new member platform, called “IJ Pro”. What is it? It’s an enhanced experience for Insurance Journal’s most loyal...
XL Catlin Shares Executive Changes, Exits in Preparation for AXA Takeover
May 15 2018 // XL Group has announced management changes and departures in anticipation of the planned acquisition of XL by AXA. French insurer AXA SA has agreed to buy XL Group Ltd. for $15.3 billion in cash in a bid to capture a bigger...
Seeman Holtz P&C Acquires First Choice Insurance Agency in Missouri
May 15 2018 // Seeman Holtz Property & Casualty Inc., based in Boca Raton, Florida has acquired First Choice Insurance Agency Inc., headquartered in Poplar Bluff, Missouri. First Choice Insurance has been serving the Poplar Bluff,...
Seeman Holtz P&C Acquires Louisiana’s Affiliated Insurance Managers
May 11 2018 // Florida-based Seeman Holtz Property & Casualty Inc. has acquired the book of business of Affiliated Insurance Managers Inc., headquartered in Morgan City, Louisiana. With over 30 years of serving the state of...
Zurich Insurance CFO: ‘We Don’t Exist to Do M&A’
May 9 2018 // Zurich Insurance has no plans for a big merger, it said on Wednesday, despite speculation of a pick-up in dealmaking in the industry and that the Swiss company could get involved. The insurer’s comments came as it...
Insurers See Some Obstacles to Expanding Use of Advanced Analytics
May 9 2018 // Property/casualty insurers in the U.S. have big plans to boost their use of advanced analytics and data in their businesses in multiple ways, but there are potential roadblocks, according to a new Willis Towers Watson...
P/C Direct Premium Written Up 4.7 Percent in 2017
May 7 2018 // Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually. At year-end 2016, more than $607 billion of DPW was reported. For 2017, total DPW for all P/C insurers...
People
May 7 2018 // Kristi Koncaba, president and chief operating officer at Texan Bank, has been appointed to the board of directors for workers’ compensation insurer, Texas Mutual Insurance Co. Koncaba has 15 years of experience in...
Berkshire Hathaway Reports Q1 ‘Accounting’ Loss But Insurance Profit
May 6 2018 // Warren Buffett lost money but had a pretty good quarter. Berkshire Hathaway Inc. on Saturday reported an unusual quarterly net loss, the result of an accounting change that Buffett had warned would produce...
Swiss Re Receives OK for Expanded South Africa License
May 2 2018 // Swiss Re’s reinsurance business unit has a newly-approved license for property/casualty business in South Africa. The move completes Swiss Re’s pan to re-domicile its Southern African P/C business onto the...
Wagner to Lead P/C Operations for EPIC Insurance’s Southwest Region
Apr 27 2018 // EPIC Insurance Brokers & Consultants has added insurance industry veteran KJ Wagner as principal and director of Property & Casualty Insurance Operations for the firm’s Southwest Region. Based in Dallas,...
Alex Rinehart Named Director of P&C Operations of Breckenridge Insurance Services
Apr 27 2018 // Atlanta, GA, April 27, 2018 — Breckenridge Insurance Services announced the promotion of Alex Rinehart to the director of property and casualty operations. As a senior vice president and broker—and former head of...
