Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
P/C Price Declines Slow for Buyers: Willis Towers Watson
Apr 18 2016 // The pricing declines enjoyed by most buyers for several renewal cycles are beginning to slow down, raising the likelihood that companies will experience some price increases in various commercial lines of insurance in the...
Stocks of P/C Insurers Ended Last Year on Upswing: A.M. Best
Apr 13 2016 // Stocks prices of U.S. property/casualty insurance companies rebounded in fourth-quarter 2015 after a tumultuous third quarter. For 42 U.S. publicly traded P/C stocks analyzed by A.M. Best, the average return for the fourth...
P/C Price Declines Begin to Slow for North American Buyers: Willis Towers Watson
Apr 8 2016 // The pricing declines enjoyed by most buyers for several renewal cycles are beginning to slow down, raising the likelihood that companies will experience some price increases in various commercial lines of insurance in the...
Alternative Capital Up 12%, Traditional Reinsurance Drops 4% in 2015: Aon Report
Apr 6 2016 // Alternative capital continues to make its presence felt in the reinsurance market, increasing by 12 percent during 2015 to $72 billion, while traditional capital decreased by 4 percent to $493 billion, according to a...
AXA Completes Acquisition of Charter Ping An Insurance in Philippines
Apr 5 2016 // AXA Philippines announced it has completed the acquisition of Charter Ping An Insurance Co. for €40 million ($45.6 million) from GT Capital. The acquisition of CPA, the fifth largest non-life insurer in the Philippines,...
Universal P&C Expands to New Jersey, New York
Apr 4 2016 // Universal Insurance Holdings Inc., an insurance holding company in Fort Lauderdale, Florida, is continuing its expansion into the Northeast. The company announced in March that its subsidiary Universal Property &...
ISO to Collect Terrorism Insurance Data for Treasury
Apr 4 2016 // The property/casualty insurance data and rating organization ISO will collect and help analyze terrorism data this year for the U.S. Department of the Treasury, the federal agency charged with gauging the effectiveness of...
Uncertainties Outweigh Growth Benefits When P/C Insurers Take On Too Much Cyber Risk, Rating Agency Warns
Apr 4 2016 // If they are not careful, property/casualty insurers could jeopardize their credit ratings with their expansion into standalone cyber insurance, a rating agency has warned. Cyber attacks pose dangerous risks and uncertainty...
Young Agents’ Optimism High on Career Choice, Income and Future of Agency System
Apr 4 2016 // It’s no secret that the insurance industry is facing a huge talent gap. Almost half of all insurance professionals are over age 45, with 25 percent of the industry expected to retire by 2018. That’s a...
Erhart, Rosen Promoted at Great American Insurance Group
Mar 30 2016 // Cincinnati, Ohio-based Great American Insurance Group promoted Sue A. Erhart to general counsel and Eve Cutler Rosen was named executive counsel within the company’s property and casualty legal group. Erhart will...
Chubb Appoints P&C Risk Engineering Leadership Team in Asia Pacific
Mar 28 2016 // Chubb has appointed Darren Cantas its head of Risk Engineering for Property and Casualty in Asia Pacific. He will continue to lead the region’s P&C Risk Engineering Services team, comprising 32 risk engineers...
ISO to Collect Terrorism Insurance Data for Treasury
Mar 28 2016 // The property/casualty insurance data and rating organization ISO will collect and help analyze terrorism data this year for the U.S. Department of the Treasury, the federal agency charged with gauging the effectiveness of...
Universal Property & Casualty’s Expansion Continues With License in N.Y.
Mar 24 2016 // Universal Insurance Holdings Inc., an insurance holding company based in Fort Lauderdale, Florida, announced that its subsidiary Universal Property & Casualty Insurance Company (UPCIC) has been approved by the New...
Rating Agency Warns P/C Insurers on Taking On Too Much Cyber Risk
Mar 21 2016 // If they are not careful, property/casualty insurers could jeopardize their credit ratings with their expansion into standalone cyber insurance, a rating agency has warned. Cyber attacks pose dangerous risks and uncertainty...
Universal Property & Casualty Licensed in New Jersey
Mar 17 2016 // Universal Insurance Holdings Inc., an insurance holding company based in Fort Lauderdale, Florida, announced that its subsidiary Universal Property & Casualty Insurance Company (UPCIC) was issued a certificate of...
P/C Insurers’ Operating Earnings Fell 7.2% in 2015: Fitch
Mar 16 2016 // U.S. property/casualty insurers’ operating earnings decreased in 2015, highlighting the competitive operating environment and low investment yields that challenge insurers’ earnings growth potential, according...
Socius Insurance Services Adds Mittelmark to Florida Office
Mar 16 2016 // Socius Insurance Services, Inc., a management liability and property/casualty insurance wholesaler, has hired Dan Mittelmark to join its management and professional liability practice as assistant vice president. Dan will...
J.M. Wilson Announces Promotions, New Hires
Mar 11 2016 // Portage, Mich.-based J.M. Wilson announced several promotions and new hires. Sherry Ihling was promoted to senior brokerage underwriter and Jennifer Tonthola was promoted to senior transportation underwriter in the Portage...
Buffett’s Gen Re to Exit Operations at 6 Locations, Amid Global Reorganization
Mar 11 2016 // Gen Re, one of the giant reinsurance businesses at Warren Buffett’s Berkshire Hathaway Inc., said it’s exiting property and casualty operations at six smaller locations amid a global reorganization. The...
Hartford CEO Swift to Chair P/C Insurer Trade Group AIA
Mar 10 2016 // The Hartford Chairman and CEO Christopher J. Swift will become chairman of the board of directors of the American Insurance Association (AIA) at its March meeting, serving a one-year term. Swift succeeds Michael S....
