Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
Solvency II Staggers Towards Finish Line: a Retrospective Analysis
Apr 7 2015 // It’s been a long process, but, according to Paul Fisher, deputy head of the Bank of England’s Prudential Regulation Authority (PRA), who supervises insurance and regulatory risk, the introduction of the...
NFP Acquires North Carolina-Based Trinity Consulting
Apr 7 2015 // Insurance broker and consultant NFP has expanded its P&C capabilities and added to its employee benefits operation by acquiring Trinity Consulting. The transaction closed on March 3, 2015. A large risk management and...
P/C Insurance M&As: Deal Value Up, More to Come
Apr 6 2015 // Merger and acquisition activity in the property/casualty industry is increasing in deal value and will likely expand from reinsurers to primary carriers, according to two new industry reports. Deloitte said that the...
NFP Acquires Arizona-Based WIS
Mar 31 2015 // NFP has acquired Weber’s Insurance Service Inc. and Weber’s Assurance Group LLC in Arizona. The transaction was effective Feb. 18, but terms of the deal were not released. Weber’s Insurance and...
Aon Benfield Aggregate Study Confirms Reinsurer Capital Builds to $575 Bn
Mar 31 2015 // In the latest edition of its Aon Benfield Aggregate (ABA) report, which analyses the financial results of 31 major reinsurers in 2014, Aon Benfield confirmed earlier estimâtes that global reinsurer capital rose by 6...
J.M. Wilson Announces Staff Changes in Illinois
Mar 26 2015 // Jenna Caschetta Insurance wholesaler J.M. Wilson has promoted Jenna Caschetta to property/casualty underwriter in its Arlington Heights, Ill., office and added Gerry McCabe as P/C underwriter. Caschetta is responsible for...
M&A Calendar: P/C Agent, Broker Mergers & Acquisition Headlines in 2014
Mar 23 2015 // Insurance Journal reported on more than 200 deals involving agencies’ or brokerages’ mergers and acquisitions in 2014. Activity was busiest in the first and fourth quarters, with more than 60 announcements...
Independent Insurance Agents Defying Doomsayers
Mar 23 2015 // According to analysts, technologists, aggregators and others, the independent agency system is in trouble. Somebody forget to tell independent agents. Or more to the point, the doomsayers perhaps didn’t notice that...
Louisiana P/C Self-Insurance Program Selects New Contractor
Mar 23 2015 // A new private contractor is being hired to oversee claims processing and loss prevention services for Louisiana’s self-insurance program. The Office of Risk Management announced that Sedgwick Claims Management...
Boston Bombing Lesson: Risk Managers Urge Better ‘Terror Act’ Certification
Mar 18 2015 // Citing uncertainty following the Boston Marathon bombing almost two years ago, risk managers are urging the federal government to set a deadline for certifying if an event is an act of terrorism and also use...
AAIS, ACORD Partner on Standards for Insurers
Mar 17 2015 // Two major organizations that supply standard forms, rating information and policies to the property/casualty insurance industry have agreed to work more closely together. The American Association of Insurance Services...
Insurance ‘Geek’ Boggs Pursues ‘Light Bulb’ Effect as Academy Expands
Mar 17 2015 // Some people call it the “light bulb effect” — that point in a learning experience when a previously opaque concept suddenly seems crystal clear. For Christopher J. Boggs, that light bulb effect is the most...
P/C Insurance M&As: Deal Value Up, More to Come
Mar 17 2015 // Merger and acquisition activity in the property/casualty industry is increasing in deal value and will likely expand from reinsurers to primary carriers, according to two new industry reports. Deloitte said that the...
Sedgwick to Oversee Louisiana Property/Casualty Self-Insurance Program
Mar 16 2015 // A new private contractor is being hired to oversee claims processing and loss prevention services for Louisiana’s self-insurance program. The Office of Risk Management announced that Sedgwick Claims Management...
Independent Insurance Agents Defying Doomsayers
Mar 12 2015 // According to analysts, technologists, aggregators and others, the independent agency system is in trouble. Somebody forget to tell independent agents. Or more to the point, the doomsayers perhaps didn’t notice that...
SCOR Global P&C Appoints Gavazzi, Rousseau in Treaty Underwriting Area
Mar 12 2015 // SCOR announced it has made two underwriting appointments at its SCOR Global P&C unit. First, it appointed Umberto Gavazzi as chief underwriting officer for the Worldwide Treaty P&C operations of SCOR Global...
Royal Bank of Canada Is Reviewing Future of Volatile P/C Insurance Unit
Mar 11 2015 // Royal Bank of Canada is reviewing its domestic property and casualty insurance business, Chief Executive Officer David McKay said, citing difficulties caused by rules that ban banks from selling coverage in...
P/C Insurers Face $1 Billion Tab for February Storms in U.S.
Mar 9 2015 // February storms in the U.S. are expected to cost insurers more than $1 billion, according to the latest Global Catastrophe Recap from Aon Benfield’s Impact Forecasting. Five separate storm systems hit the U.S. during...
New Hires in 2015
Mar 9 2015 // About two-thirds of insurance carriers expect to hire more employees this year, a new survey finds. According to the semi-annual U.S. Insurance Labor Outlook Study conducted by The Jacobson Group and Ward Group, 66 percent...
4 Reasons Direct Mail Should Be Part of Your Plan to Acquire New Customers
Mar 9 2015 // As an independent insurance agent you’re an expert in many things. You understand the right questions to ask in order to provide the right level of coverage. You know how to overcome price sensitivity by explaining...
