August 3, 2009
The Hartford Financial Services Group Inc. appointed Juan Andrade, 43, president and chief operating officer of its Property and Casualty Operations, effective immediately. Andrade will continue to report directly to the company’s chairman and CEO, Ramani Ayer, and will serve …
July 20, 2009
The U.S. property/casualty industry’s net income fell 87 percent to $1.2 billion in the first three months of 2009, according to A.M. Best. “The year-over-year decline in earnings was due primarily to the severe and prolonged turmoil in the financial …
July 20, 2009
Results for the property/casualty industry over the next few years will be driven by the 2009 recession, mixed insurance premium pricing momentum, and modestly deteriorating underwriting results, according to a new industry forecast report. “The combination of continued price decreases …
July 16, 2009
The Hartford Financial Services Group, Inc. has appointed Juan Andrade, 43, president and chief operating officer of its Property and Casualty Operations, effective immediately. Andrade will continue to report directly to the company’s chairman and chief executive officer, Ramani Ayer, …
July 13, 2009
Results for the property/casualty industry over the next few years will be driven by the 2009 recession, mixed insurance premium pricing momentum, and modestly deteriorating underwriting results, according to a new industry forecast report. “The combination of continued price decreases …
July 9, 2009
The U.S. property/casualty industry’s net income fell 87 percent to $1.2 billion in the first three months of 2009 according to A.M. Best. “The year-over-year decline in earnings was due primarily to the severe and prolonged turmoil in the financial …
July 6, 2009
I.I.I. President Says Recovery Will Be Slow, Uneven While property and casualty insurance companies remain somewhat insulated from what happens in the general economy, the industry is projected to be smaller, in dollar terms, once the current financial crisis is …
July 6, 2009
Leading Near National P/C Carriers Revealed The original criteria and objective definition for the Near National Property/Casualty Carriers was established in the Feb. 12, 2007, issue of Insurance Journal. The Demotech Company Classification System categorizes insurers into one of 11 …
July 6, 2009
The property/casualty insurance industry suffered a $1.3 billion net loss after taxes for first-quarter 2009, which constitutes a $9.8 billion adverse swing from the industry’s $8.5 billion in net income after taxes in first-quarter 2008. And reflecting the swing to …
July 6, 2009
Stick to your knitting. Sell on value, not on price. Return to the basics. Achieve growth through disciplined underwriting. The above are just a few of the mantras, some might say clichés, being repeated throughout the property/casualty insurance industry these …