Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
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...
California FAIR Plan Files to Offer Property Coverage to Farms
Oct 6 2021 // The California FAIR Plan Association announced on Wednesday it has submitted a farm product rate filing to the California Department of Insurance ahead of a 90-day deadline. The deadline to make the filing was imposed in...
UAE Property Group Makes High Bid for Surfside Condo Site
Oct 5 2021 // A Miami judge has approved the contingent sale of the Surfside, Florida, property where a 12-story condominium building collapsed in June, killing 98 people. A Dubai-based billionaire bid $120 million to buy the property,...
People Moves: Lockton Hires WTW’s Danyluk as Head Int’l Property, Wholesale; HSB Promotes Prentice in Cyber; Apollo’s Ker Becomes Castel’s Head of Performance
Sep 30 2021 // Lockton Names WTW’s Danyluk as Head Int’l Property in Wholesale P/C Lockton, the world’s largest privately owned independent insurance broker, has appointed Andrzej Danyluk as head of International...
CoreLogic Completes Acquisition of Property Restoration Platform Next Gear
Sep 16 2021 // Property data firm CoreLogic said it has closed on its acquisition of Next Gear Solutions, a digital workflow platform for the property restoration industry. Next Gear Solutions, headquartered in Oxford, Miss., offers a...
China’s Regulator Probing Ping An Insurance’s Property Investments: Reuters
Aug 30 2021 // SHANGHAI — China’s banking and insurance sector regulator is probing Ping An Insurance Group Co. of China Ltd.’s investments in the property market, two people with knowledge of the matter said, after the...
People Moves: QBE Hires Swiss Re’s Mejia for LatAm Property U/W; Zurich Names Kasahara Chief Data Officer; Occam’s Green Joins Rokstone to Head Power Generation
Aug 26 2021 // This edition of International People Moves details appointments at QBE International, Zurich Insurance, and MGA Rokstone. A summary of these new hires follows here. QBE International Appoints Mejia as VP of Property...
Guidewire Acquires Property Risk Data Firm HazardHub
Aug 25 2021 // Insurance technology firm Guidewire Software said it has acquired HazardHub, an insurtech provider of property risk data to the property/casualty insurance industry for underwriting, marketing and claims. HazardHub’s...
