The U.S. property/casualty (P/C) industry recorded a $9.3 billion net underwriting gain in the first three months of 2024, a significant improvement from the $8.5 billion loss recorded in the same prior-year period, according to a new AM Best report.
Tag: property & casualty
Best’s Special Report: 2022 U.S. P/C Impairments Update Includes Six Companies
Six U.S. property/casualty companies became impaired in 2022, all of which were placed into insolvent liquidation, according to an AM Best report.
Peter Arkley Named President, Alliant Retail Property and Casualty
Alliant Insurance Services has announced the promotion of Peter Arkley to President, Alliant Retail Property and Casualty. In his new role, Arkley will lead Alliant’s retail P&C operation to leverage the strength of its Specialty Group and geographic business to drive operational excellence by bringing the best specialists to each client. “Peter has had an… Continue reading Peter Arkley Named President, Alliant Retail Property and Casualty
P/C Insurers Report $4.7B Net Underwriting Gain in Nine-Months 2018
Private U.S. property/casualty insurers reported a $4.7 billion net underwriting gain in nine-months 2018, a sharp turnaround from a $21.0 billion net underwriting loss a year earlier, helped by a rare decline in overall losses and loss adjustment expenses (LLAE) and significant premium growth, according to ISO, a Verisk business, and the American Property Casualty… Continue reading P/C Insurers Report $4.7B Net Underwriting Gain in Nine-Months 2018
Willis Towers Watson Launches Benchmarking Service to Help Insurers Improve Claims Handling and Profitability
Willis Towers Watson today announces the launch of Claim Metrics, a bespoke claims benchmarking solution for UK personal lines insurers. The service provides claims leaders with a unique tool for identifying performance improvements, as well as offering underwriters, pricing teams, actuaries and senior management vital insights into profitability drivers and trends. The new Claim Metrics… Continue reading Willis Towers Watson Launches Benchmarking Service to Help Insurers Improve Claims Handling and Profitability
Financial Times Names Four Alliant Advisers to Prestigious FT 401 List
Alliant Retirement Consulting*, a division of Alliant Insurance Services, has announced that four of its advisers have been named Financial Times 401 Top Retirement Plan Advisers. The list recognizes the top financial advisers specializing in defined contribution (DC) retirement plans. Alliant honorees included Executive Vice President Sean Waggoner, Senior Vice President Jay Laschinger, Senior Vice… Continue reading Financial Times Names Four Alliant Advisers to Prestigious FT 401 List
Willis Towers Watson Strengthens its P&C Insurance Business with Two New Senior Hires
Willis Towers Watson, a leading global advisory, broking and solutions company, today announced the appointments of Jeffery Hay and Kathryn Walker as senior directors, consulting services within its Insurance Consulting and Technology, Americas P&C practice. In their new roles, Hay and Walker will deliver pricing, predictive analytics, reserving, product and underwriting solutions for the company’s… Continue reading Willis Towers Watson Strengthens its P&C Insurance Business with Two New Senior Hires
AIG CEO: Insurer Needs to Be a Disciplined Taker of Risk
AIG CEO Brian Duperreault spoke at the annual PwC briefing in Monte Carlo yesterday, saying that discipline needs to be at the heart of everything AIG does. Duperreault took the reins at AIG after the insurer had years of issues, leaving the seasoned CEO with a job to do. In his speech he discussed… Continue reading AIG CEO: Insurer Needs to Be a Disciplined Taker of Risk