property casualty News

Allianz Increases Dividend After Profit

Insurance company Allianz says it is increasing its dividend to 5.30 euros ($7.27) from 4.50 euros a share after profits rose 15 percent last year. The Munich-based company said Thursday its net income attributable to shareholders reached 6 billion euros …

Kemper Announces Changes to its Property/Casualty Group

Kemper Corporation announced that it is realigning its property/casualty business. This realignment will result in one property/casualty segment for financial reporting purposes, beginning with the first quarter 2014. The new Kemper Property & Casualty segment will consist of the following: …

QBE North America Appoints President of Property & Casualty

Robert James has been appointed president of Property and Casualty for QBE North America, which includes the program, middle markets and major broker groups. J James will be a member of the executive management board and will report to David …

The Hanover Appoints Greg Leffard To Lead Professional Liability Business

The Hanover Insurance Group, Inc., a provider of property/casualty insurance for businesses, families and individuals, named Greg Leffard president of Hanover Professional Portfolio, responsible for the company’s E&O businesses. Hanover Professional provides industry leading professional liability and errors and omissions …

Wells Media Launches Carrier Management Magazine

Wells Media Group Inc. has launched a new print publication, Carrier Management Magazine, for property/casualty (P/C) insurance executives. This magazine launch follows the spring debut of the website, www.CarrierManagement.com, and its companion daily e-newsletter. The new quarterly Carrier Management Magazine …

Liberty Mutual’s Shandong Branch Ready for Business

Liberty Mutual Insurance Group, through its wholly owned subsidiary Liberty Insurance Company Limited (LICL), was granted final approval on June 27th to commence business in Shandong by the China Insurance Regulatory Commission (CIRC). Headquartered in Chongqing, LICL received CIRC approval …

AIG Names New President and CEO for its P/C Business in Latin America and the Caribbean

American International Group, Inc. appointed Jim Dwane as the new president and chief executive officer for its property/casualty business in Latin America and the Caribbean, effective immediately. Dwane will hold overall responsibility for the insurance operations in the 15 countries …

CoreLogic Buys Units of TPG’s Decision Insight for $661 Million

CoreLogic Inc. agreed to buy three real estate data companies from TPG Capital’s Decision Insight Information Group for $661 million to expand its coverage of the property/casualty insurance industries. Corelogic will acquire Marshall & Swift/Boeckh, DataQuick Information Systems and the …

Electronic Billing & Payment: Improving Operational Efficiencies in the Workers’ Comp Industry

The property/casualty (P&C) industry has the opportunity to dramatically improve operational efficiencies and increase productivity by deploying electronic data interchange (EDI) methodologies to handle medical billing and payments. For most claims operations, billing and payments account for the highest volume …

How Women Can Rise to Executive Level in P/C Insurance Industry

Networking is the single biggest thing women can do to facilitate their rise up the corporate ladder in the property/casualty insurance industry, according to four women who have done just that. And being a sponsor is one of the best …