Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
S&P Report Looks At ERM Scores of North American, Bermudian Insurers
Apr 19 2013 // Standard & Poor’s Ratings Services has updated its enterprise risk management (ERM) opinions for all of its rated North American and Bermudian insurance companies. S&P explained that an...
Billhartz Promoted to Senior VP in Heffernan’s St. Louis Branch
Apr 18 2013 // Heffernan Insurance Brokers promoted Brian Billhartz to senior vice president and branch manager in its St. Louis, Mo., office. Billhartz has over 22 years of experience in property and casualty underwriting, production...
ACE Launches Agriculture P&C Business
Apr 12 2013 // The ACE Group has formed ACE Agribusiness, an agriculture property and casualty insurance business. ACE Agribusiness is comprised of Penn Millers Insurance Co., acquired by ACE in 2011, and the Farm and Ranch division of...
Pricing Hikes, Improved Underwriting Bode Well for P/C Industry: Conning
Apr 12 2013 // With 2012 preliminary results showing improvement in profitability in the sector, the property/casualty insurance industry should see continued strong net premium growth and a substantially improved combined ratio for...
Thoits in California Bought by NFP
Apr 9 2013 // San Jose, Calif.-based Thoits Insurance Service Inc. was acquired by NFP Property & Casualty Insurance Services, a wholly owned subsidiary of National Financial Partners Corp. Thoits Insurance will become the NFP...
Global Reinsurer Capital Rises to $505 Billion: Aon Benfield Study
Apr 9 2013 // In the latest edition of its Aon Benfield Aggregate (ABA) report, which analyses the financial results of the world’s leading reinsurers in 2012, Aon Benfield Analytics estimates that global reinsurer capital totaled...
How Obamacare Could Affect P/C Insurance
Apr 8 2013 // Key changes in federal health care reform remain months away, but property/casualty actuaries are already trying to determine what impact they will have on their business, particularly workers’ compensation and...
Everest Re, Arrowhead Agree to Offer Non-Standard Auto Coverage
Apr 1 2013 // Everest Re Group, Ltd. wholly-owned primary insurance subsidiary, Everest Security Insurance Company, (ESIC) has entered into a definitive agreement with Arrowhead General Insurance Agency, Inc., a subsidiary of Brown...
4 Insurers to Reimburse Mass. Drivers to Settle Allegations of Overcharges
Mar 29 2013 // Four auto insurers have settled allegations that they overcharged Massachusetts consumers relating to auto insurance surcharges that were overturned by the state’s Board of Appeal, or otherwise removed from state...
Allianz Seals Deal with Turkey’s Yapı Kredi for Insurance Acquisition/Distribution
Mar 28 2013 // Germany’s Allianz announced that it has reached an agreement with Turkey’s Yapı Kredi for a 15-year exclusive distribution agreement and for Allianz to acquire Yapı Kredi Sigorta, the property and casualty...
How Obamacare Could Affect P/C Insurance
Mar 28 2013 // The key changes in federal health care reform remain months away but property/casualty actuaries are already trying to determine what impact they will have on their own lines of business, particularly workers’...
P/C Mergers Down in 2012 But Private Equity Still Favored Brokers: Conning
Mar 28 2013 // Amounting to just $4.7 billion in aggregate deal value, the 46 merger and acquisition transactions announced in the property/casualty insurance sector in 2012 were near record low levels, according to the latest annual...
Gen Re Names Flitcroft Marketing Manager for P/C Treaty in Australia, NZ
Mar 26 2013 // Gen Re announced the appointment of Andrew Flitcroft as Marketing Manager for the Property/Casualty Treaty business in Australia and New Zealand, effective April 1, 2013. He is a Fellow of ANZIIF, and has been Gen...
UK Online Aggregators Now Have 40% of Personal P/C, but not Commercial
Mar 25 2013 // “Online aggregators have revolutionized the distribution of personal lines insurance in the UK,” concludes a study from Finaccord, a market research, publishing and consulting company specializing in financial...
Insurer Readiness on Long-Term Effects of Climate Change Called Into Question: Report
Mar 25 2013 // Insurers rank well in readiness for handling the short-term challenges of extreme weather events, but fall short in preparedness for the long-term effects of climate change, a new report says. A report that surveyed...
Analysis Highlights Sandy’s Impact on Underwriting Results
Mar 25 2013 // Financial information firm SNL Financial’s preliminary analysis of more than 2,600 individual P/C filer’s 2012 statutory data illustrates how big of an impact Superstorm Sandy had on the filers’...
Munich Re Study Sees Asia Pacific Dominating Insurance Growth by 2020
Mar 20 2013 // “Asia-Pacific will be the dominant driver of world insurance growth by 2020,” according to a study published by Munich Re’s Economic Research Department. The report forecasts that premium income for the...
Leavitt Group Names Evans, Kelly, Peckinpauch in California
Mar 18 2013 // The Leavitt Group’s Los Angeles office named Amy Evans, James Kelly and Terri Peckinpauch to posts in the agency. Evans is a vice president in the employee benefits division with a focus on middle market clients in...
Fitch: P/C Insurer Profit Up in 2012; Reinsurers Recover
Mar 18 2013 // Property/casualty insurers’ operating profits improved in 2012, driven by reduced incurred losses from natural catastrophes and core loss ratio improvements from recent underwriting and pricing actions. Fitch...
Fitch: Survey Finds P&C Insurers’ Profits Up; Reinsurers Recovering
Mar 18 2013 // “Property/casualty insurers’ operating profits improved in 2012, driven by reduced incurred losses from natural catastrophes and core loss ratio improvements from recent underwriting and pricing actions,”...
