INSURASALES

Tag: Property and Casualty

Ategrity Specialty Holdings Files IPO to Expand Specialty Insurance Capitalization

Ategrity Specialty Holdings initiates IPO priced $14-$16 per share to bolster capital and expand specialty P&C insurance operations, reporting strong net income growth for 2024.

HCI Group Expands Catastrophe Reinsurance Program for 2025-2026 Treaty Year

HCI Group finalizes expanded catastrophe reinsurance program for 2025-2026 treaty year with over $3.5 billion coverage across three towers, supporting Florida and national insurance policies.

United Fire Group Elects Three Directors to Board for 2025-2028 Term

United Fire Group completes 2025 shareholder vote, electing three directors to its board for the 2025-2028 term, ensuring strong governance in the property and casualty insurance market.

Hartford Insurance Group Declares Quarterly Dividend Amid Steady Market Valuation

Hartford Insurance Group (NYSE:HIG) declared a $0.52 quarterly dividend, reflecting steady performance with a 1.58% yield and diversified insurance operations across Commercial and Personal Lines.

Insurance Firms Strengthen Leadership Amid Market Transformation

Key executive appointments at Everest Group, Patriot Growth, Trucordia, Mutual of America, and Roots reflect strategic leadership strengthening and AI integration in the evolving U.S. insurance market.

Roots Appoints Robin Spaulding to Lead AI-Powered Insurance Innovation

Roots names insurance veteran Robin Spaulding as head of insurance to drive AI integration and modernize claims and underwriting for P&C insurers.

Institutional Investors Increase Holdings in Invesco KBW Property & Casualty Insurance ETF

Institutional investors including Cetera Investment Advisers and Kingsview Wealth Management significantly increased their stakes in Invesco KBW Property & Casualty Insurance ETF, reflecting growing interest in the U.S. property and casualty insurance equities sector.

U.S. P&C Insurance Combined Ratios Hit Decade Low Amid Rising Costs and Digital Shift

U.S. property and casualty insurance industry sees best combined ratio in over a decade in 2024, driven by better personal lines underwriting and digital sales growth, despite rising auto repair costs and inflationary pressures from tariffs.

Coterie Insurance Relocates HQ to Appleton, WI to Leverage Workforce and Digital Strategy

Coterie Insurance moves its headquarters to Appleton, Wisconsin, emphasizing workforce access and digital strategy to support growth in small business property and casualty insurance.

US Surplus Lines Market Sees Strong Premium Growth in 2024 Amid P&C Challenges

AM Best reports robust 12.1% premium growth in US surplus lines market during 2024, driven by homeowners and general liability lines amid property and casualty sector pressures.