Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
US Property/Catastrophe Reinsurance Rates Likely to Stabilize During Midyear Renewals
Mar 14 2025 // Reinsurance renewal rates continued dropping during this year’s January renewals, but US property/catastrophe reinsurance pricing is likely to stabilize during the coming midyear renewals, according to a report from...
People Moves: Shipper to Head Beazley N.A. Commercial Property; Porch Group Names New Leadership; Allstate Names Carter as CHRO
Mar 14 2025 // Lindsay Shipper Specialty insurer Beazley appointed Lindsay Shipper as head of commercial property, North America, effective April 1. She will report to Richard Montminy, group head of property risks, and will be based in...
People Moves: Courtney to Lead Nationwide’s Newest E&S Brokerage Property Unit
Mar 7 2025 // Tonya Courtney Nationwide, headquartered in Columbus, Ohio, appointed Tonya Courtney to lead its new excess and surplus (E&S) brokerage property unit with the goal of opening for business in the second half of the...
Markets/Coverages: RenaissanceRe Launches Property Catastrophe Bond Fund
Mar 6 2025 // RenaissanceRe Holdings Ltd. announced the launch of an Irish-domiciled property catastrophe bond fund, RenaissanceRe Medici UCITS Fund (Medici UCITS). A sub-fund of RenaissanceRe Medici ICAV, Medici UCITS is purpose-built...
People Moves: Beazley Taps Generali’s Foucher as Head of Commercial Property, Europe; BMS Re Appoints Hughes and Bartell From Howden Re for Non-Marine Reinsurance
Feb 27 2025 // This edition of International People Moves details appointments at Beazley and BMS Re. A summary of these new hires follows here. Beazley Taps Generali’s Foucher as Head of Commercial Property, Europe Beazley, the...
WDIS Launches Wildfire Only Coverage for E&S Commercial Property in California
Feb 12 2025 // Wildfire Defense Insurance Services Inc. has launched wildfire only coverage for E&S commercial property in California. The product is available for a range of commercial property classes of business. The target class...
AM Best: Wildfires Intensifying California’s Property Insurance Troubles
Feb 6 2025 // Wildfires are intensifying the problems in California’s property insurance market, according to a new commentary from AM Best. Those problems include a major insurer pullback from California in the past year,...
Property-Catastrophe Reinsurance Rates Will Stop Dropping Post Wildfires: Execs
Feb 3 2025 // RenaissanceRe expects to incur about $750 million in losses from the January 2025 California wildfires—and anticipates that industrywide impacts should halt the drop in property-catastrophe reinsurance prices observed at...
How Competitive Is E&S Property? Exec Views Vary
Jan 30 2025 // E&S property insurance market conditions were a recurring talking point on two recent earnings conference calls, but the leaders of specialty insurers offering commentary were not perfectly in lockstep in their...
Mangrove, Another New Property Insurer, Enters Florida Market
Jan 27 2025 // Itasca Re chairman Stephen Weinstein has launched a new Florida-domiciled insurance carrier, known as Mangrove Property Insurance, with plans to assume thousands of policies from Citizens Property Insurance Corp. Mangrove,...
Commercial Property Market Stabilizing, With Ample Capacity: USI
Jan 27 2025 // The commercial property market is showing signs of stabilization, and buyers with favorable risk profiles will see rate decreases or low-single-digit increases this year, according to USI Insurance Services’ 2025...
Moody’s Expects LA Wildfires to Increase Property Insurance Costs Across State
Jan 23 2025 // Moody’s Ratings said in a report on Thursday that it expects the Los Angeles wildfires to increase property insurance costs across California. According to Moody’s, the state’s already noticeable...
People Moves: Allianz Commercial Names Region Heads of Property, Financial Lines; New Leadership Roles at Resilience
Jan 22 2025 // Allianz Commercial Makes North American Leadership Promotions in Financial Lines and Property Allianz Commercial, headquartered in New York City, made two promotions to its North American leadership in financial lines and...
Louisiana Citizens Ends Assessment on Property Policies Ahead of Schedule
Jan 17 2025 // The Louisiana Citizens Property Insurance Corporation (Louisiana Citizens) Board of Directors voted last week to end the 1.36% assessment it makes on all residential and commercial property insurance policies in the state...
P/C Market Profit Improvement Expected to Continue Through 2026: Triple-I, Milliman
Jan 17 2025 // The “gap is closing” between commercial lines and personal lines underwriting results as the insurance industry overall is expected to continue its run of premium growth and improved underwriting results over...
Commercial Property Market Stabilizing, With Ample Capacity: USI
Jan 9 2025 // The commercial property market is showing signs of stabilization, and buyers with favorable risk profiles will see rate decreases or low-single-digit increases this year, according to USI Insurance Services’ 2025...
Broker McGill Offers Property War Reinsurance for Ukraine
Jan 9 2025 // Broker McGill and Partners has launched a commercial property war risk reinsurance program for Ukraine, which it said on Thursday was the first of its kind since Russia’s invasion of the country in Feb 2022....
Global Property Catastrophe Rates-on-Line Down 6.6% During Renewals: Guy Carpenter
Jan 6 2025 // Guy Carpenter reports that average global and regional property catastrophe rates-on-line decreased during the January 2025 renewals in amounts ranging from 5.3% to 7.2%. Guy Carpenter defines rate on line (ROL) as the...
Loss-Free Property Cat Rates Fall 5%-15% as Reinsurer Appetite Grows: Guy Carpenter
Dec 30 2024 // Global reinsurers’ appetite rose for property catastrophe during the upcoming January renewals, which have seen risk-adjusted reinsurance rate reductions of 5%-15% for loss-free accounts, according to a renewal...
Texas Property Management Companies Pay $55K in Disability Discrimination Suit
Dec 19 2024 // Texas property management companies Castle Hills Master Association Inc., Bright Realty LLC, Bright Industries LLC, and Bright Executive Services LLC will pay $55,000 and furnish other relief to settle a disability...
