Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
Berkshire Hathaway Reports Losses on Re/Insurance Underwriting in Q2
Aug 7 2017 // Warren Buffett’s Berkshire Hathaway insurance and reinsurance businesses lost money or gained less in underwriting in the second quarter and first six months of 2017 compared to last year while his railroad,...
eServices Partners with Insurance Journal for the 2017 Risk Management Summit
Aug 7 2017 // Peabody, MA, August 7, 2017 – eServices, a specialized platform focused on providing turn-key risk management, claims, marketing, and technology solutions through its various entities, is pleased to announce that...
People
Aug 7 2017 // Ron Lockton, who has served as vice chairman of global insurance broker Lockton Inc. for the past two years as part of the succession plan, is expanding his role to become president and chief executive officer of the...
Insurtech Funding Jumps to $1B: Willis Towers Watson/CB Insights Report
Aug 7 2017 // Insurtech funding volume hovered close to $1 billion in the 2017 second quarter, a result nearly 150 percent larger than the same period a year ago, according to a quarterly report on the sector from Willis Towers Watson...
Exclusive Report: Top 100 Independent/Casualty Agencies
Aug 7 2017 // About This Report: Welcome to the 13th annual Insurance Journal Top 100 Independent P/C Agencies report. The Top 100 list is ranked by total property/casualty agency revenue for 2016 and comprises only those agencies whose...
‘Specialize and Diversify,’ Industry Veteran Markel Tells Super Regional Insurers
Aug 7 2017 // Insurance is a very simple business. “You take in some money, you spend some money and you lose some money, and God willing, you have some left at the end of the day,” according to Anthony (Tony) Markel, vice...
Top 25: P/C Direct Premium Written Up 4.8 Percent
Aug 7 2017 // Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually. At year-end 2016, approximately $606 billion of DPW was reported, a record high for the industry. For 2016,...
AXA’s H1 Net Income Rises 2% to $3.9B, Beating Expectations
Aug 3 2017 // AXA reported a stronger than expected rise in net profit for the first half of the year, helped by higher asset management and property and casualty earnings, and by lower restructuring costs. Europe’s second largest...
Florida Office of Insurance Regulation Appoints New Chief of Staff, Deputy Commissioners
Aug 3 2017 // Florida Insurance Commissioner David Altmaier has appointed Michael Yaworsky as the new chief of staff for the Florida Office of Insurance Regulation (OIR), replacing former Chief of Staff Belinda Miller, who retired at...
CNA Reports ‘One of Best Quarters’ in Decade in Q2
Aug 1 2017 // CNA Financial Corp. saw its second quarter net income climb at a robust clip and catastrophe losses along with its combined ratio shrink. Chairman and CEO Dino Robusto said the results were better than the...
From Here to Autonomy: Morality and Retirement Timeline for Auto Insurance Pros
Jul 28 2017 // While the media, ethicists and perhaps the public like to ponder whether a self-driving car in a crisis should be programmed to hit a group of nuns crossing the street or hit a bus full of schoolkids, the drive toward...
OPTIS Partners: Insurance Agency Mergers, Acquisitions Still Going Strong
Jul 27 2017 // Mergers and acquisitions (M&As) among North American insurance agencies continued at a strong pace during the second quarter of 2017, with 135 reported transactions in the second three months of 2017, Chicago-based...
Chubb Net Income Up 79% in Q2; P/C Combined Ratio at 88
Jul 26 2017 // Chubb Limited reported net income for the second quarter ended June 30 of $1,305 million compared with $726 million for the same quarter last year‚ a 79 percent increase. Operating income was $1,180 million compared with...
Markel to Acquire State National for $919 Million
Jul 26 2017 // Markel Corp. will acquire Texas-based State National Companies Inc. for $919 million, a deal that the Virginia-based insurer and reinsurer said will help diversify its underwriting and revenue streams. Both...
G.F.H. Insurance Acquires Peyton, Cheely and Woodle Insurance in Virginia
Jul 25 2017 // G.F.H. Insurance Agency Inc., a Richmond, Va.-headquartered insurance broker, has acquired Peyton, Cheely and Woodle Insurance of Richmond, Va., effective June 12, 2017. Terms of the acquisition were not disclosed. Peyton,...
Q2 Insurtech Funding Rises to $1B: Willis Towers Watson/CB Insights Report
Jul 24 2017 // Insurtech funding volume hovered close to $1 billion in the 2017 second quarter, a result nearly 150 percent larger than the same period a year ago, according to a quarterly report on the sector from Willis Towers Watson...
‘Specialize and Diversify,’ Industry Veteran Markel Tells Super Regional Insurers
Jul 21 2017 // Insurance is a very simple business. “You take in some money, you spend some money and you lose some money, and God willing, you have some left at the end of the day,” according to Anthony (Tony) Markel, vice...
People
Jul 10 2017 // Kansas City-based insurance broker Lockton has named Jeff Henningsen as president of its Houston property/casualty insurance operation. Henningsen will take on an expanded leadership role in business development for the...
State of P/C Insurance Industry, Part 1: The Fate of ‘Hard Market’ Agencies (and Companies)
Jul 10 2017 // Property/casualty (P/C) insurance and group benefits industry is changing faster than ever. Many factors are the parents of such change. In part one of this two part series, I will focus on the more traditional aspects and...
People
Jul 10 2017 // The Main Street America Group has promoted Dan Gaynor to senior vice president and chief underwriting officer. Gaynor, who has been the super-regional property/casualty insurance company’s vice president of...
