Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
People
Dec 17 2018 // XL Catlin has added Kimberly Hans to its Broker & Client Management team as Southeast Regional Leader. Hans is based in Atlanta and reports to Robert Peretti, XL Catlin’s Head of Broker & Client Management in...
Gallagher Bassett Acquires UK-Based Property Claims Management Services
Dec 13 2018 // Gallagher Bassett, the risk management services subsidiary of Arthur J. Gallagher, has boosted its size and offering in the United Kingdom by acquiring Property Claims Management Services Ltd. (PCMS). With origins dating...
Florida-Based Broker Coin Re Taps Barbican’s Crichton as EVP in London
Dec 12 2018 // Florida-based catastrophe reinsurance broker COIN Re has appointed global property reinsurance professional Andy Crichton as executive vice president, effective Dec. 7, 2018. Crichton will be based in London, England,...
WTW Taps Rowley from Brit, Harvey from Aon to Boost London P/C Arm
Dec 11 2018 // Willis Towers Watson has appointed Tom Rowley as senior vice president, North American Property, and named Matt Harvey as senior vice president, International Property. Both will sit within the Property & Casualty...
Imagery and Artificial Intelligence in Wildfire Risk
Dec 3 2018 // Fires across North America in 2018 have continued the pattern of extreme destruction established by significant insured loss events in both Northern and Southern California last year and the 2016 disasters in Alberta and...
Global Property, Mortality Protection Gap Hits $500B: Swiss Re
Dec 3 2018 // Households and businesses face a $500 billion global property and mortality protection gap, according to Swiss Re’s latest sigma study. Swiss Re’s report said that the figure illustrates increasing risk...
5 Quick Questions Before I Read a Commercial Policy
Nov 28 2018 // It’s that time of year at the Academy. I’m pouring over spreadsheets and schedules. I’m emailing instructors and planning classes. Yeah. I’m trying to look ahead and work ahead, all while looking at...
Exclusive: Insiders Symington, Lehmann Analyze Mid-Term Elections for P/C Insurance
Nov 27 2018 // The voters have spoken. Republicans have increased their slight advantage in the Senate, while Democrats have flipped the House and will now be in control there. Of course, President Trump, a Republican, still occupies the...
Global Property, Mortality Protection Gap Hits $500B: Swiss Re
Nov 26 2018 // Households and businesses face a $500 billion global property and mortality protection gap, according to Swiss Re’s latest sigma study. Swiss Re’s report said that the figure illustrates increasing risk...
A.M. Best: National Farmers Union Property and Casualty Ratings Under Review
Nov 26 2018 // A.M. Best has placed under review with negative implications the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” of National Farmers Union Property and Casualty...
Keating Expands Property Coverage Options with Monoline, Package Product
Nov 20 2018 // Keating, Inc., a specialty property and casualty wholesale intermediary and program manager, has launched a new in-house monoline property package product. The new program features the monoline property coverage as well as...
Markets
Nov 19 2018 // Fire Protection Contractors Market Detail: McNeil & Co.’s FireWatch Program (www.mcneilandcompany.com) is a comprehensive insurance and risk management program. The program offers specialty insurance products to...
The Rise of Risktech: How Startups Are Saving Lives and Property in Construction
Nov 19 2018 // Construction has a major problem: every year, construction sites suffer $11 billion in losses due to damage from fire and water, worker accidents, and theft. In addition, a fifth of all worker deaths in the U.S. –...
People
Nov 19 2018 // Jackson Sumner & Associates (JSA) has hired Adam Winfree as the company’s Virginia marketing representative. Winfree joins the company as a 13-year veteran of the insurance industry, having worked previously as...
Ratings of Missouri’s Savers Property and Casualty Insurance Under Review
Nov 15 2018 // A.M. Best has placed under review with positive implications the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “bbb+” of Savers Property and Casualty...
Tower Hill Specialty Expands Property Insurance Offerings to Missouri
Nov 15 2018 // Ohio-based insurance provider Tower Hill Specialty LLC says its property insurance products available are now available in Missouri. A subsidiary of Tower Hill Insurance Group LLC headquartered in Gainesville, Florida,...
Swiss Re Taps XL’s LaRocca to Lead Property/Specialty Lines North America
Nov 7 2018 // Swiss Re Corporate Solutions appoints Michael LaRocca as head of Property & Specialty Lines North America, effective November 7, 2018. In this role, LaRocca will be responsible for managing the strategy, development...
5 Hints for Policy Comparisons
Nov 7 2018 // A few weeks ago, we got a question in through IJPro. The agent was asking about the wisdom of having a customer change from a dwelling fire type policy form to a commercial property type of policy. Of course, my first...
Gallagher Buys Majority Stake in UK Property-Owners’ Broker Vasek Insurance
Nov 7 2018 // Rolling Meadows, Ill.-based broker Gallagher announced it has acquired a controlling interest in Purple Bridge Group Ltd., the holding company of UK specialist property insurance provider Vasek Insurance Services Ltd. The...
Lego Wins New Intellectual Property Lawsuit in China
Nov 6 2018 // Lego A/S has won a new intellectual property lawsuit in China after a court agreed with the Danish toy manufacturer that local companies had copied its building blocks and miniature figures under the LEPIN brand. The...
