Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
United Property & Casualty Says It Is Exploring Potential Sale or Merger
Jul 14 2022 // United Insurance Holdings Corp., parent company of one of Florida’s largest property insurers – and one that has seen heavy losses in the last two years – announced that its board of directors is now exploring a...
2022 Super Regional P/C Insurers™; Demotech Inc. Reveals Leading Multi-State Property/Casualty Insurers
Jul 4 2022 // In order to continue the discussion regarding what constitutes a Super Regional P/C Insurer™ and to give definition to this important group of insurers, Demotech Inc. analyzed year-end 2021 data for property/casualty...
Florida Property Reinsurance Premiums Rise by as Much as 50%: Gallagher Re
Jul 1 2022 // Property reinsurance rates rose by as much as 50% in Florida at July 1 renewals and by up to 40% in the United States overall, reinsurance broker Gallagher Re said on Friday, as reinsurers grappled with higher inflation...
Alacrity Solutions Acquires Property Damage Appraisers In Texas
Jun 23 2022 // Alacrity Solutions Group LLC acquired Property Damage Appraisers in Fort Worth, Texas. PDA is an independent specialty and auto damage appraisal firm.. PDA’s corporate The transaction with PDA is Alacrity’s...
People Moves: Arch Insurance Int’l Names AXA XL’s Longley as Head of Professional Indemnity; WTW Direct & Facultative Taps AGCS’ De Jager for European Property
Jun 21 2022 // This edition of Internationl People Moves details appointments at Arch Insurance International and Willis Towers Watson (WTW). A summary of these new hires follows here. Arch Insurance Int’l Names AXA XL’s...
Inflation Is Inevitable. Why Are Property Insurers Unprepared?
Jun 20 2022 // I remember when it became clear that the economy was barreling toward an inflationary period the likes of which the United States hasn’t experienced in 40 years. It was Christmas 2020. My extended family was gathered...
Wisconsin Storms, Tornadoes Cause Property Damage
Jun 17 2022 // Powerful storms that included at least one tornado took down power lines and trees, damaged structures, toppled semis on the interstate and left tens of thousands without electricity in parts of Wisconsin. In western...
AXIS Exits Property Reinsurance to Focus on Specialty; Leadership Team Restructured
Jun 8 2022 // AXIS Capital Holdings Ltd. announced it has completed the shift of AXIS Re from property reinsurance to focus instead on casualty, specialty, accident and health, and credit lines. With the refocus of AXIS Re, AXIS Re CEO...
UK-Based MGA iprism Adds AmTrust to Property Owners Panel
Jun 7 2022 // iprism Underwriting, the specialist commercial, property and high net worth MGA, has added property/casualty insurance company AmTrust to its property owners panel as broker demand for specialist property owners cover...
Latin American Association of Insurance Agencies Statement on Adjournment of Florida Special Session on Property Insurance
May 26 2022 // Tallahassee, Fla., May 26, 2022 – Following the adjournment of the Florida special session on property insurance, the Latin American Association of Insurance Agencies (LAAIA) released the following statement, attributed...
Former Executive of PICC Property & Casualty Expelled From China’s Communist Party
May 25 2022 // China’s ruling Communist Party has expelled a former chief accountant of state-controlled PICC Property and Casualty Co. from the party, accusing him of illegal activities and taking bribes, the anti-graft watchdog...
Sunshine State Could See Higher Risk of Property-Destroying Wildfires
May 17 2022 // Perhaps the rain from hurricanes can help extinguish the wildfires. That may be the only silver lining to computer modeling reports suggesting that just as hurricanes and flooding from tropical storms are likely to...
Florida Accidents Leave Injuries, Death, Property Damage
May 16 2022 // Small Plane Crash on Miami Bridge Kills Man A small plane with three people aboard crashed Saturday on a bridge near Miami, striking an SUV with three occupants and killing the pilot of the plane, the Federal Aviation...
People Moves: QBE Hires RSA’s Germain as Group CIO; MS Amlin Taps AXIS’ Ferguson for Open Mkt. Property; Generali Names 3 for Italy, Global Business Lines
May 16 2022 // This edition of International People Moves details appointments at QBE Insurance, MS Amlin, and Generali. A summary of these new hires follows here. QBE Hires RSA’s Germain as Group Chief Information Officer QBE...
Insurtech Honeycomb to Write Property Policies in Texas
May 4 2022 // The Texas Office of the Commissioner of Insurance has given insurtech startup Honeycomb approval to write policies statewide. The digital insurer has built proprietary technology specifically for the estimated hundreds of...
Peter Friend Joins Specialty Property Program Team as Senior Underwriter
Apr 28 2022 // ATLANTA, Ga., April 28, 2022 — Breckenridge Insurance welcomes Peter Friend as senior underwriter to its specialty property program team. Friend has more than 15 years of experience in the industry having worked across...
People Moves: Aon Names Ferreira LatAm CEO of Reinsurance Solutions; Fidelis Promotes Herget in D&F Property; MGA DUAL Europe Names Ghilosso as Chair
Apr 12 2022 // This edition of International People Moves details appointments at Aon, Fidelis Insurance and MGA DUAL Group. A summary of these appointments follows here. Aon Names Ferreira as LatAm CEO of Reinsurance Solutions, Muñoz...
People Moves: WTW Names Aon’s Day as Head of Int’l Property; TMK Hires Spyropoulos From Lloyd’s as Asia Regional MD; HDI Global Mexico Makes Management Changes
Apr 7 2022 // This edition of International People Moves details appointments at Willis Towers Watson (WTW), Tokio Marine Kiln (TMK), and HDI Global. A summary of these new hires follows here. WTW Names Aon’s Day as Head of...
Property Catastrophe Reinsurers Show Greater Risk Appetites as Price Hikes Continue
Apr 1 2022 // Reinsurers have boosted their 2022 probable maximum loss (PML) exposures as higher prices continues to attract more capital to property-catastrophe risks, according to Moody’s Investors Service. Reinsurers’...
People Moves: TigerRisk Boosts Delegated Authority Offering; Mosaic Expands M&A Liability Team With 4 Hires; MGU Carbon Names Chubb’s Turner as Property U/W
Mar 30 2022 // This edition of International People Moves details appointments at broker TigerRisk Partners, Mosaic Insurance and MGU Carbon Underwriting. A summary of these new hires follows here. TigerRisk Partners LLC, a leading risk,...
