Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
People Moves: Chubb Global Mkts Promotes Jackson as Product Head of Mgmt Liability; Pesci Rejoins WTW in EMEA Reserving; IQUW Taps Beazley’s Bell, Brown for Property
Sep 20 2022 // This edition of International People Moves details appointments at Chubb Global Markets, the broker WTW and the property and specialty re/insurer IQUW. A summary of these new hires follows here. Chubb Global Markets...
Property Catastrophe Reinsurance Entering a True Hard Market
Sep 13 2022 // Uncertain times are challenging for reinsurers. Claims may jump, and investment losses may dent profitability and possibly capital. However, uncertain times can also be good for reinsurers. Demand for reinsurance...
Sam Frihart Joins Breckenridge Insurance Specialty Property Program Team as Commercial Property Underwriter
Sep 12 2022 // ATLANTA, Georgia, September 12, 2022 — Breckenridge Insurance welcomes Sam Frihart as a commercial property underwriter to its specialty property program team. Frihart has four years of underwriting experience on the...
Study Says Rising Seas to Affect $108B in SE Property; Tax Bases will Suffer
Sep 12 2022 // Rising seas will engulf millions of homes, business and parcels of land, and will reshape coastlines, property lines and local tax bases around the Southeast in less than 40 years. And Florida, North Carolina, Louisiana...
Allstate Executives Shuffle With Retirement of Property-Liability President
Aug 19 2022 // Allstate announced August 18 that Glenn Shapiro, president, Property-Liability, has decided to retire at the end of September. He joined Allstate as chief claims officer in 2016 and has held his current position since...
Peoples Moves: AXA XL Promotes Lahrmann as Senior Property U/W, UK & Lloyd’s; Chubb Global Markets Hires Audis From Nexus as General Aviation U/W
Aug 17 2022 // This edition of International People Moves details appointments at AXA XL and Chubb Global Markets. A summary of these new hires follows here. AXA XL Promotes Lahrmann as Senior Property Underwriter, UK &...
BHSI Hires Kammermann for Exec & Professional Lines in Switzerland; Apollo Taps Beazley’s Foster as Head of Property; MGA Aqueous Hires Hall as Development U/W
Aug 11 2022 // This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance, Apollo Syndicate Management, and specialist MGA Aqueous Underwriting. A summary of these new hires follows...
Tennessee Launches its Own Captive Insurance Company for Cyber, Property
Aug 10 2022 // Tennessee regulators, who for years have touted the state as a comfortable home for captive insurance companies, have announced that the state government has created its own captive. The state is self-insured for property...
People Moves: Beazley Realigns to Bolster N.A. Commercial Property; Fusion Hires M&A VP From AXA XL; Promotions at Distinguished Programs
Aug 3 2022 // Beazley strengthens its North American Commercial Property offering Beazley said it restructured its large commercial property division along with its Canadian and E&S property teams to create a single North American...
Top 100 Independent Property/Casualty Agencies
Aug 1 2022 // Welcome to the 18th annual Insurance Journal Top 100 Independent P/C Agencies report. The Top 100 list is ranked by total property/casualty agency revenue for 2021 and comprises only those agencies whose business is...
People Moves: AXA XL New Heads of E&S Property, Middle-Market; Aon Chief Innovation Hire
Jul 29 2022 // AXA XL promotes Chris Lee to Head of E&S property; Mathew Waters to Lead Middle Market AXA XL has promoted Christopher Lee to lead its excess & surplus property insurance business. Based in New York, he reports to...
RLI Bullish on Southeast Property Insurance Market as Others Exit
Jul 22 2022 // RLI Corp. has been hiring teams of property insurance professionals as the specialty insurer embraces opportunity in the southeastern U.S. market that others are fleeing, executives said Thursday during a second-quarter...
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...
