P/C Industry News

P/C Industry’s Net Income Surges, But Slowing Premium Growth May Hamper Further Progress, Report Says

According to a report released by the Insurance Services Office Inc. (ISO) and the National Association of Independent Insurers, the U.S. property/casualty industry’s net income after taxes increased to $21.1 billion during the first nine months of 2003, up from …

Insurance Information Institute Unveils Earlybird Forecast for 2004

Each year the Insurance Information Institute invites a panel of Wall Street stock analysts and industry professionals to review the prospects for the industry in the current and coming year. The survey reveals that the industry’s unrelenting streak of bad …

New Hires Named at The McIntyre Group

New Jersey-based The McIntyre Group announced the hiring of two senior executives as the brokerage and consulting firm continues to expand the depth of its senior executive team. Thomas Kolongowski has been named marketing executive and will join The McIntyre …

A.M. Best: P/C Industry Notes Strong Q3 Results, But Reserve Development, Rate Deceleration Emerge

The property/casualty industry reported strong premium growth and vastly improved underwriting results during the first nine months of 2003, compared with the same period of 2002, according to A.M. Best Co. Driving these results reportedly are the benefits derived from …

Industry People Making Moves in 2003

As you will probably notice from this list, it is not scientific, preferential, etc. We retraced news coverage of this past year and tried to come to an agreement on who made headlines. We likely left off a few individuals, …

Industry People Making Moves in 2003

As you will probably notice from this list, it is not scientific, preferential, etc. We retraced news coverage of this past year and tried to come to an agreement on who made headlines. We likely left off a few individuals, …

New Executive Hires Announced at The McIntyre Group

The McIntyre Group announced today the hiring of two senior executives as the brokerage and consulting firm continues to expand the depth of its senior executive team. Thomas E. Kolongowski, a seasoned producer, has been named Marketing Executive and will …

Swiss Re Forum Sees Opportunities for the Strongest Companies

Andreas Beerli, Head of Swiss Re’s P/C business in the Americas, speaking at the company’s Year-end Economic and Insurance Industry Review 2003/Outlook 2004 forum in New York yesterday, indicated that continued strong pricing throughout the industry may last at least …

Analysts Weigh Travelers Deal, Other Issues

It’s “inevitable” that the advanced merger discussions between Travelers Property Casualty Corp. and St. Paul Companies succeed, according to one industry analyst. Though most insurance industry consolidations fail, this one “seems less likely to head for divorce” because the parties …

Profitable or Not’ U.S. P/C Industry Struggles to Get Ahead

While U.S. property and casualty insurance carriers have worked hard in the past couple of years to follow the “return to underwriting” command, looking critically at the risks they’re insuring and raising rates accordingly, the goal of profitability is getting …