Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
Insurance Journal TV: Interview With Patricia Henry, Executive Vice President Of Global Government Affairs At Chubb
Feb 19 2016 // San Diego, CA, February 19, 2016- Insurance Journal TV offers exclusive new video segments from Patricia Henry’s interview with Carrier Management. Chubb’s Patricia Henry: Staying on Top of Global Regulatory...
Howard Succeeds Boyle as International Editor for Wells Media
Feb 16 2016 // San Diego, CA, February 16, 2016- L.S. Howard has been appointed international editor for Insurance Journal and Carrier Management. She is based in London. Howard succeeds Charles E. Boyle, who retired at the end of 2015...
AIG Reports $1.8 Billion Q4 Net Loss on Weak Underwriting, Investments
Feb 12 2016 // American International Group Inc. reported an operating loss of $1.3 billion for the fourth quarter of 2015, compared to after-tax operating income of $1.4 billion in the prior-year quarter. Disappointing underwriting and...
Activists Icahn, Paulson Land Seats on AIG Board; Now What?
Feb 12 2016 // John Paulson and Carl Icahn, who became billionaires by identifying mispriced securities and pushing for corporate shakeups, face a new challenge after winning seats on the board of American International Group Inc., the...
Kemper P/C Group Executive Lynch Exits
Feb 11 2016 // Kemper Corp.’s Denise I. Lynch is leaving her position as Property/Casualty group executive, effective immediately, to pursue other opportunities, the insurer said. The news comes after Kemper reported its P/C...
P/C Retail, Wholesale Agency 2015 M&A Highlights by Region, State
Feb 10 2016 // When agency consultants at Reagan Consulting hosted more than 150 industry leaders at a workshop on agent/broker mergers and acquisitions (M&A) recently, the mood was upbeat, since brokers are enjoying their best...
Donald Gaddis Co. Adds Cale as Senior P/C Broker
Feb 9 2016 // Chicago-based independent regional wholesale insurance brokerage and general agent, Donald Gaddis Co. Inc., has hired Angela Cale as a senior property/casualty broker. Cale has 23 years of experience in the excess and...
Insurance Agency Growth, Profits Slipped in 2015 on Oil Bust, Soft Market: Reagan
Feb 9 2016 // Insurance agency and brokerage organic revenue growth slowed to 4.6 percent for 2015, according to the latest Reagan Consulting Organic Growth and Profitability (OGP) survey. That was down from the organic growth of 6.2...
P/C Retail, Wholesale Agency M&A Activity Brisk in 2015
Feb 8 2016 // When agency consultants at Reagan Consulting hosted more than 150 industry leaders at a workshop on agent/broker mergers and acquisitions (M&A) recently, the mood was upbeat, since many brokers have continued to enjoy...
Narragansett Bay to Write P/C Insurance in Connecticut
Feb 8 2016 // Narragansett Bay Insurance Company (NBIC), a Rhode Island-based specialty underwriter of homeowners insurance products and services in states along the Eastern Seaboard, said the company has been approved by the...
P/C Commercial Rates Fell 4% in January
Feb 5 2016 // Rates for commercial property/casualty insurance fell four percent in the first month of the new year, continuing a downward trend that is unlikely to halt anytime soon, according to Richard Kerr, CEO of...
P/C Insurer Results: Profit Inched Up in First 9 Months of 2015
Feb 5 2016 // Private U.S. property/casualty insurers’ net income after taxes grew to $44.0 billion in the first nine months of 2015 from $37.8 billion in nine-months 2014, with insurers’ overall profitability as measured by...
Michigan Adjusts Insured Claim Caps for P/C Guaranty Association
Feb 4 2016 // The Michigan Department of Insurance and Financial Services has adjusted the insured’s net worth limit and covered claim cap for determining the status of a claim against the state’s Property and Casualty...
Chubb Completes Senior Management Team for European Region
Feb 2 2016 // Chubb has announced a group of appointments with immediate effect, which complete the line-up of its new European leadership team. First, there were the executive appointments that were announced late last year: Andrew...
Moody’s, S&P, A.M. Best Release Ratings for AIG After Strategic Plan Outlined
Jan 28 2016 // American International Group Inc., which activist investor Carl Icahn is pressuring to divest assets, had the outlook on its credit rating changed to negative from stable by Standard & Poor’s after the insurer...
‘Old’ ACE, Chubb Report Q4, Full Year 2015 Results
Jan 27 2016 // Just shy of two weeks after closing on their merger, ACE Ltd. and Chubb Corp. released financial results for their last quarter and year as separate entities. On January 14, 2016, ACE closed on its acquisition of Chubb...
Narragansett Bay Approved to Write P/C Insurance in Connecticut
Jan 27 2016 // Narragansett Bay Insurance Company (NBIC), a Rhode Island-based specialty underwriter of homeowners insurance products and services in states along the Eastern Seaboard, announced that the company has been approved by the...
2015 Cat Bond Activity Down Slightly from Record Levels in 2014: GC Securities
Jan 27 2016 // While property and casualty catastrophe bond primary issuance levels were “uncharacteristically low” in the fourth quarter of 2015, totals at year-end were only slightly lower than the all-time high levels...
AIG CEO Says Future Split Possible, But Downplays SIFI Risk; Will ‘Narrow’ P/C Focus
Jan 26 2016 // American International Group (AIG) CEO Peter Hancock, who announced the sale of the company’s AIG Advisor Group and a partial (19 percent) spin-off of mortgage insurer United Guaranty Corp., said AIG is open to...
XL Catlin Appoints 2 P&C Underwriters in Brazil to Help with Strategic Expansion
Jan 25 2016 // XL Catlin announced it has strengthened its Brazilian team with two appointments. Patricia Britto has joined as property underwriter and Luiz Carlos Dos Santos as senior casualty underwriter – both based in Sao Paulo....
