Business Insurance - P/C Insurers http://businessinsurance.com/section/topics?tagID=76 http://www.businessinsurance.com en-us Fri, 24 Feb 2012 04:34:04 EST 10 AIG's profit jumps to $17.80 billion for 2011 http://businessinsurance.com/article/20120223/NEWS04/120229943 20120223/NEWS04/120229943 NEW YORK—American International Group Inc. had $17.80 billion in net income last year, a 128.6% increase from the amount earned in 2010, AIG reported Thursday. Thu, 23 Feb 2012 16:43:28 EST Ironshore opens property/casualty production center in Boston http://businessinsurance.com/article/20120223/NEWS07/120229945 20120223/NEWS07/120229945 HAMILTON, Bermuda—Ironshore Inc. has opened a property/casualty production center in Boston dedicated to the wholesale market, the company said Thursday. Thu, 23 Feb 2012 15:04:04 EST Australia's IAG profit hit by natural disasters, says on track http://businessinsurance.com/article/20120223/NEWS04/120229952 20120223/NEWS04/120229952 SYDNEY (Reuters)—Insurance Australia Group Ltd.' Thu, 23 Feb 2012 10:15:00 EST Allianz holds dividend in face of profits slide http://businessinsurance.com/article/20120223/NEWS04/120229953 20120223/NEWS04/120229953 FRANKFURT (Reuters)—German insurer Allianz S.E.'s dividend payment ratio leapt to 81% of net profit in 2011 as it held the shareholder payout steady while net profit almost halved. Thu, 23 Feb 2012 10:00:00 EST Purchase agreement not an insured contract: Appeals court http://businessinsurance.com/article/20120222/NEWS06/120229960 20120222/NEWS06/120229960 NEW ORLEANS—A federal appeals court ruled this week that a purchase agreement between two heavy equipment manufacturers is not an insured contract under which the buyer's insurer is responsible for third-party tort liability, a federal appeals... Wed, 22 Feb 2012 15:53:23 EST Hartford names veterans, including ex-Chartis exec, to commercial market posts http://businessinsurance.com/article/20120222/NEWS04/120229965 20120222/NEWS04/120229965 HARTFORD, Conn.—The Harford Financial Services Group Inc. has appointed several veterans to commercial market leadership positions, the insurer announced Wednesday. Wed, 22 Feb 2012 14:31:41 EST Flagstone, Greenlight hit by weak investments, catastrophe losses http://businessinsurance.com/article/20120222/NEWS04/120229975 20120222/NEWS04/120229975 Flagstone Reinsurance Holdings S.A. and Greenlight Capital Reinsurance Ltd. said stagnant investment markets and historic natural catastrophe losses dampened their financial performance in 2011, the reinsurers announced separately Wednesday. Wed, 22 Feb 2012 11:45:46 EST Australia's Suncorp H1 jumps 74%; tops forecasts http://businessinsurance.com/article/20120222/NEWS04/120229978 20120222/NEWS04/120229978 SYDNEY (Reuters)—Australian insurer and bank Suncorp Metway Ltd. reported a 74% rise in first-half net profit, topping forecasts after a rise in premiums helped it recover from 2011's unprecedented disaster claims. Wed, 22 Feb 2012 11:00:00 EST Chartis reorganization seeks to improve service, loss ratio http://businessinsurance.com/article/20120222/NEWS04/120229980 20120222/NEWS04/120229980 NEW YORK—American International Group Inc.'s Chartis Inc. unit has combined its claims, operations and systems organizations under a single management team, AIG said. Wed, 22 Feb 2012 10:46:29 EST U.S. DOJ closes Allianz bribery probe without charges http://businessinsurance.com/article/20120222/NEWS04/120229982 20120222/NEWS04/120229982 WASHINGTON (Reuters)—The U.S. Justice Department has closed its investigation into whether Allianz S.E. Wed, 22 Feb 2012 09:00:00 EST