Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
Outlook for U.S. Commercial P/C Insurance Still Negative
Jan 25 2016 // Rating agency A.M. Best said it is maintaining its negative outlook on the commercial lines segment of the U.S. property/casualty industry, despite relatively solid aggregate results over the past several years. The...
Allianz to Buy Aegon’s Commercial P&C Portfolio in the Netherlands
Jan 22 2016 // Allianz has agreed to acquire the commercial P&C portfolio of Aegon in the Netherlands. Details of the transaction were not disclosed. Allianz’s P&C market share in the Netherlands will rise from 4.4 percent...
NFP Names Savage as COO of Midwest P/C Division
Jan 21 2016 // Global insurance broker NFP Corp. has appointed Patrick Savage as chief operating officer (COO) for NFP Property & Casualty, Midwest. Savage will lead operations and finance for NFP Property & Casualty, Midwest and...
Icahn Activism Not AIG’s First Test Under Pressure
Jan 21 2016 // American International Group Inc. knows what it’s like to be circled by hawks. American International Group Inc. knows what it’s like to be circled by hawks. Under pressure in 2009 to repay the insurer’s...
EPIC Taps Rappleye as Producer in California
Jan 20 2016 // Edgewood Partners Insurance Center has hired Cameron Rappleye as a property/casualty insurance broker/producer in the Sacramento, Calif. office. Rappleye will be responsible for new business development and the design and...
‘New Chubb’ Opens as Giant ACE, Chubb Merger to Close
Jan 14 2016 // ACE Ltd. and Chubb said they have received all necessary regulatory approvals and will close their $29.7 billion merger agreement today, Jan. 14 – six months after the companies first announced their surprise deal. The...
Barney & Barney in California Names Nine New Principals
Jan 13 2016 // Barney & Barney has appointed nine senior executives to principals. The new principals in the firm’s San Diego, Calif. office are: David Freeman; Richard Hallett; LuAnn McSwiggen and Debora Walker. The new...
60% of P/C Execs See 2016 Much Like 2015; 55% Expect Democrat to Win White House
Jan 13 2016 // Leaders of the property/casualty insurance industry expect 2016 to be a profitable year much like 2015 but do not see any increase in profitability this year for most lines of insurance, and they do not expect the economy...
Obama Nominates 4 to NARAB National Producer Licensing Governing Board
Jan 12 2016 // President Barack Obama has nominated four individuals to sit on the 13-member governing board of a new national insurance producer licensing system. They are state insurance regulators from South Carolina and Minnesota and...
Barney & Barney Announces 9 New Principal Appointments
Jan 12 2016 // Barney & Barney, a Marsh & McLennan Insurance Agency LLC company based in San Diego, Calif., has promoted nine senior executives to principals. The new principals in the firm’s San Diego office are David...
Entrepreneurs Raise $13 Million to ‘Reinvent’ U.S. P/C Insurance with Peer-to-Peer Insurer Lemonade
Jan 11 2016 // The U.S. property/casualty insurance industry is about to be tested directly by the sharing economy. Two tech entrepreneurs have raised $13 million in initial funding to launch a peer-to-peer online property/casualty...
Expect P/C Insurance Price Stagnation in 2016: Kroll
Jan 11 2016 // After a banner 2015 for the U.S. property/casualty insurance sector, pricing pressures will lead to stagnation or rate declines in 2016, Kroll Bond Rating Agency Inc. predicted. Pricing will either be flat or down over the...
Outlook for U.S. Commercial P/C Insurance Still Negative: A.M. Best
Jan 8 2016 // Rating agency A.M. Best said it is maintaining its negative outlook on the commercial lines segment of the U.S. property/casualty (P/C) industry, despite relatively solid aggregate results over the past several years. The...
Capital Stabilizes, Prices Keep Softening During Jan. 1 Renewals: Guy Carpenter
Jan 6 2016 // Reinsurance capital levels stabilized during the Jan. 1, 2016 renewals – showing no growth for the first time in several years – and prices continued to soften, according to Guy Carpenter & Co.’s global...
For P/C Insurance Rates, 2015 Ended on Another Downward Note: MarketScout
Jan 5 2016 // While it may seem like the property/casualty insurance industry has been in a soft market for a long time, it’s actually only been four months, according to one brokerage executive who tracks pricing every...
6 Forecasts for P/C Insurance in 2016
Jan 4 2016 // Some, but not all, experts see an improving U.S. economy in 2016 helping to boost the property/casualty (P/C) insurance sector. Some of these prognosticators are more optimistic than others. But most also anticipate...
Britton Gallagher Adds Danziger in Global P/C Unit
Jan 4 2016 // Cleveland, Ohio-based insurance brokerage Britton Gallagher has added Howard Danziger in its Global Property and Casualty division. Danziger has over 28 years of experience in the insurance industry as both a risk manager...
NFP Acquires Vanorsdale Insurance Services in California
Dec 30 2015 // NFP Property & Casualty has acquired San Diego, Calif.-based Vanorsdale Insurance Services Inc. Terms of the deal were not disclosed. The firm’s president, Doug Galloway, will assume the role of director of NFP...
Expect P/C Insurance Price Stagnation in 2016: Kroll
Dec 30 2015 // After a banner 2015 for the U.S. property/casualty insurance sector, pricing pressures will lead to stagnation or rate declines in 2016, Kroll Bond Rating Agency Inc. predicted. Pricing will either be flat or down over the...
Top 10 Property/Casualty Insurance News Stories of 2015
Dec 30 2015 // The year 2015 was a year during which the property/casualty insurance industry worried and learned about disruptive forces, new competitors, new leaders and emerging risks. Also, some of the industry’s news revived...
