Berkshire Hathaway Specialty Insurance (BHSI) today announced that it has further expanded its global footprint opening a new office in Madrid, naming Ignacio Almazan as Country Manager in Spain. “Putting down roots in Spain enhances our ability to service both local customers and multinationals in Europe,” said Chris Colahan, President, BHSI, UK and Europe. “Ignacio… Continue reading Berkshire Hathaway Specialty Insurance Enters Spain
Tag: P&C insurance
PMA Names Sabrina Mitchell Claims Assistant Vice President, Southeast Region
PMA Companies Insurance Group named Sabrina Mitchell as Claims Assistant Vice President, Southeast Region. Ms. Mitchell will be responsible for leading PMA’s Southeast Region insurance claims operations and reports directly to Ray DiCello, Senior Vice President and Chief Claims Officer, PMA Insurance Group. “We are very pleased to announce Sabrina’s well-deserved promotion. She has an… Continue reading PMA Names Sabrina Mitchell Claims Assistant Vice President, Southeast Region
U.S. P&C Profits Fall 9.6% Year on Year: AM Best
Aggregate net underwriting income at a clutch of US P&C insurance companies monitored by AM Best fell by 9.6 percent to $5.3bn during the first six months of 2019. According to AM Best, the aggregate combined ratio for US P&C carriers included in the study deteriorated by 1 point year-on-year to 97.4 percent. AM Best… Continue reading U.S. P&C Profits Fall 9.6% Year on Year: AM Best
Small Business Commercial Insurance Customer Satisfaction Reaches All-Time High
Small business owners have never been more satisfied with their insurance providers, according to the J.D. Power 2019 U.S. Small Commercial Insurance Study,SM. The all-time high satisfaction score of 844 (on a 1,000-point scale) follows three years of stagnant satisfaction levels and is the result of insurance company investment in technology, servicing, product expansion and… Continue reading Small Business Commercial Insurance Customer Satisfaction Reaches All-Time High
Willis Towers Watson Appoints Katey Walker P&C Sales and Practice Leader for the Americas
Willis Towers Watson, a leading global advisory, broking and solutions company, today announced the appointment of Katey Walker as Americas P&C sales and practice leader within its Insurance Consulting and Technology (ICT) business. Walker will also join the Americas ICT leadership team. Her primary charge in her new role will be to lead the practice,… Continue reading Willis Towers Watson Appoints Katey Walker P&C Sales and Practice Leader for the Americas
Allianz Confident for 2019 After Second-Quarter Windfall
German insurer Allianz on Friday reported rising profits in the second quarter thank to a windfall in its life insurance arm, allowing it to confirm its outlook for the full year. In April-June, net profit at the group grew 13.1 percent year-on-year, to 2.1 billion euros ($2.3 billion), Allianz said in a statement. Analysts surveyed… Continue reading Allianz Confident for 2019 After Second-Quarter Windfall
Allstate Corp Profit Rises
Allstate Corp. said its profit rose for its second quarter as insurance premiums grew by 6% from a year earlier. The Northbrook, Ill.-based insurance company reported a profit of $851 million, or $2.44 a share, compared with $717 million, or $1.91 a share, a year ago. The company reported adjusted earnings of $2.18 a share.… Continue reading Allstate Corp Profit Rises
Aon’s Profit Rises from Lower Expenses
Aon PLC’s (AON) net income climbed as operating expenses fell. The company reported earnings of $277 million, up from $48 million in the comparable quarter a year earlier. Earnings were $1.14 a share, up from 19 cents a share. Adjusted earnings were $1.87 a share, up from $1.71 a share. Analysts polled by FactSet were… Continue reading Aon’s Profit Rises from Lower Expenses
Allianz Offers to Buy P&C, Auto Units from Sul America
Brazilian insurer Sul America SA has received a non-binding offer from Germany’s Allianz SE for its property and casualty (P&C) and auto units, it said in a filing on Tuesday, adding that the two companies are in bilateral talks. If an agreement is reached, Sul America said, the firm’s operations would be concentrated in health,… Continue reading Allianz Offers to Buy P&C, Auto Units from Sul America
CNA Partners with Insurtech Company The Helper Bees
The Helper Bees (THB), an innovative insurtech company is partnering with long-term care insurer CNA, one of the largest U.S. commercial property and casualty insurance companies, to provide CNA group long-term care policyholders with more ways to receive care in their home and improve the ease of claim submission. With this partnership, CNA claimants using… Continue reading CNA Partners with Insurtech Company The Helper Bees