Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Arch Re Promotes Moeller to CEO, With Bongiorno, Hackett as CUOs; Brit Hires Hiscox’s Allchorne, Aviva’s Wells for N. America Open Market Property Team
Jan 7 2022 // This edition of International People Moves details appointments at Arch Re and Brit. A summary of these new hires follows here. Arch Re Promotes 3 in Leadership Team Arch Reinsurance Co. (Arch Re Co.) announced several...
Miami Court Finds IDS Property Insurance Withheld Data on PIP Cases
Dec 29 2021 // In a class-action lawsuit that could affect no-fault auto insurance companies around the country, a Miami judge has sanctioned an insurer for willfully failing to turn over data that could show it was inappropriately...
People Moves: WTW’s Swift Joins London Market Group Board; Carbon Underwriting Hires Antares’ Coates; Dale Underwriting Names ArgoGlobal’s Turner for Property
Dec 14 2021 // This edition of International People Moves details appointments at the London Market Group, Carbon Underwriting and Dale Underwriting Partners. A summary of these announcements follows here. WTW’s Swift Joins Board...
Property Catastrophe Reinsurance Renewal Rates to Rise by More Than 10%: Fitch
Dec 7 2021 // Reinsurance rates are expected to increase by more than 10% in catastrophe-related lines of business when contracts are renewed in January 2022, which supports an improving sector outlook for 2022, according to Fitch...
Florida DFS Adds More Property Insurance Fraud Investigators
Dec 6 2021 // Florida’s Department of Financial Services has added 13 employees, 10 of whom are sworn law enforcement officers, to investigate property insurance fraud in the state, Chief Financial Officer Jimmy Patronis...
Ohioans Encouraged to Winterize Property, Review Insurance
Nov 30 2021 // The Ohio Department of Insurance is urging people to winterize their property and review insurance now in preparation for the state’s harsh winter weather. Ways to winterize include: Clean debris from gutters and...
Insurance Technology: LineSlip Aids Property Underwriting; Bold Penguin Adds 2 Products:, Cowbell Assesses AWS
Nov 17 2021 // LineSlip Streamlines Property Value Reporting, Underwriting Data LineSlip Solutions recently unveiled a new tool to help risk managers, insurance brokers, and real estate asset managers streamline the collection and...
When a Property Loss Extends to Liability in Senior Care Facilities
Nov 15 2021 // There’s a storm warning. It might be a hurricane, a tornado, a derecho, or a microburst. It doesn’t matter, they all have one similar characteristic, damaging winds. After the storm passes, whether a building...
People Moves: Chubb Promotes Walker to Head of Aerospace; Fidelis Names Stewart, Davern as Co-Deputy CUOs, Bellamy as Head of Property Reinsurance
Nov 12 2021 // This edition of International People Moves details promotions at the insurers Chubb and Fidelis Insurance. A summary of these new hires follows here. Chubb Promotes Walker to Head of Aerospace Chubb announced the promotion...
Westfield Insurance to Buy Argo’s U.S. Specialty Property Renewal Rights
Nov 12 2021 // Specialty insurer Argo Group International Holdings has agreed to sell the renewal rights of its U.S. specialty property business to Westfield Insurance of Ohio. This transaction includes Argo’s shared and layered...
People Moves: FM Global Promotes Johnson and Dempsey in EMEA; Beazley Names Hiscox’s Wilson Head of Open Mkt, London; Rokstone Taps Pickard as D&F Property U/W
Oct 22 2021 // This edition of International People Moves details appointments at three insurers: FM Global, Beazley and Rokstone. A summary of these new hires follows here. FM Global Promotes Johnson and Dempsey in Senior EMEA...
U.S. Urges Global Intellectual Property Waiver for COVID-19 Vaccines
Oct 22 2021 // The White House on Thursday called on all World Trade Organization members to support an intellectual property waiver for COVID-19 vaccines. “We … need every WTO member to step up as well and support an...
Hamilton to Cease Writing Property Treaty Reinsurance Through Its Lloyd’s Syndicate
Oct 20 2021 // Hamilton Insurance Group Ltd. announced its decision to cease writing property treaty reinsurance through Syndicate 4000 in London. “We regularly review our book to ensure that we continue to drive underwriting...
Lockton Launches Silent Cyber Property Solution for Businesses
Oct 20 2021 // Lockton, the privately-owned independent insurance broker, has launched its Silent Cyber Property Solution, a standalone policy that covers businesses against property damage and ensuing time element losses resulting from...
Citizens Insurance Property Inspections to Soar in Next 4 Years
Oct 19 2021 // As part of its effort to reduce its ballooning exposure level and trim the number of policyholders, Florida’s insurer of last resort will increase its property inspections by almost 70-fold over the next four years...
U.S. Insurers’ Face ‘Minimal Exposure’ in China’s Evergrande Property Crisis
Oct 18 2021 // The U.S. insurance industry faces only minimal exposure to land development companies in China as one of that country’s largest property developers, Evergrande, appears on the brink of collapse. According to analysts...
U.S. Property Insurers Could be Facing $12.5B in Hidden Cyber Losses
Oct 18 2021 // The U.S. property insurance market is accumulating cyber exposures that could result in $12.5 billion in non-physical damage losses and cause capital adequacy ratios for some carriers to deteriorate. A study conducted by...
Sinking Millennium Tower Leaves Property Insurance Questions
Oct 18 2021 // The Champlain Towers collapse in South Florida brought several issues to light regarding building safety. In the days following the collapse, people began to ask questions about the safety of these buildings and what...
U.S. Property Insurers Could be Facing $12.5B in Hidden Cyber Losses
Oct 12 2021 // The U.S. property insurance market is accumulating cyber exposures that could result in $12.5 billion in non-physical damage losses and cause capital adequacy ratios for some carriers to deteriorate. A study conducted by...
SiriusPoint Appoints Reinsurance Exec Heerasing; HDI Promotes Ogden as Director of Underwriting/Distribution; Besso Builds Property/Specialty Team With Hires From Tysers
Oct 12 2021 // This edition of International People Moves details appointments at re/insurer SiriusPoint, insurer HDI Global, and Lloyd’s broker Besso. A summary of these new hires follows here. SiriusPoint Appoints Top Reinsurance...
