Latest Casualty Headlines
All the headlines from our Casualty Topic Page, ordered by recency.
Florida-Based Main Street America Appoints Bastian as National Account Executive
Feb 17 2017 // The Main Street America Group, a super-regional property/casualty insurance company, has announced the appointment of Anne Bastian to national account executive, a newly established role within the company’s field...
AIG’s Losing Streak Continued in Q4
Feb 15 2017 // American International Group Inc. posted its fourth loss in six quarters, burned again by higher-than-expected claims costs as Chief Executive Officer Peter Hancock struggles to sustain profitability. The net loss widened...
CNA CEO Robusto ‘Back in the Game,’ Sees Room for Improvement in 2017
Feb 6 2017 // CNA reported fourth quarter and full year 2016 results, with its new CEO indicating that while there is a strong foundation at the insurer, the company has work to do in improving underwriting discipline and results and...
Get Ready for Another Year of ‘Cautious Optimism’ Predict P/C Executives
Feb 6 2017 // A panel of financial experts discussed the opportunities and challenges they see ahead in 2017 at the Insurance Information Institute’s (III) 21st Annual Property and Casualty Insurance Joint Industry Forum. The...
Short Joins XL Catlin’s Excess Casualty Unit in Kansas City
Jan 26 2017 // Alan F. Short has joined XL Catlin’s Excess Casualty team as a senior underwriter in Kansas City. Short brings 30-plus years of broker and underwriting experience, including his recent tenure as an underwriting...
P/C Insurance Execs Foresee Commercial Lines Growth, Led by Cyber, Outpacing Personal Lines
Jan 25 2017 // Leaders of the property/casualty insurance industry expect to see a considerable increase in the commercial lines of insurance for 2017, with cyber a potentially huge untapped market, according to an Industry Leader Trends...
Accredited Surety and Casualty Enters Agreement with Miami-Based Cinium Financial Services
Jan 25 2017 // Accredited Surety and Casualty Company, Inc. (ASC), a subsidiary of Randall & Quilter (R&Q), has entered into an agreement with Cinium Financial Services Corp., based in Miami. Cinium specializes in providing...
XL Catlin Adds Goebel, Buttner to Dallas Excess Casualty Team
Jan 24 2017 // XL Catlin’s Excess Casualty unit has added Byron D. Goebel and Eric Buttner to its Dallas team as senior underwriters in Dallas. Goebel joins XL Catlin with nearly 30 years of underwriting and broker experience, most...
Crawford Names Tolson as CEO of U.S. Property/Casualty Group
Jan 23 2017 // Claims management firm Crawford & Co. has named Kenneth Tolson chief executive officer of its U.S. Property & Casualty group. Tolson will be responsible for the company’s U.S. field operations and catastrophe...
P/C Insurance Executives Express Cautious Optimism for 2017
Jan 23 2017 // A panel of financial experts discussed the opportunities and challenges they see ahead in 2017 at the Insurance Information Institute’s (III) 21st Annual Property and Casualty Insurance Joint Industry Forum, held...
Verisk Analytics Buys UK-Based Arium, a Liability Risk Modeling Firm
Jan 23 2017 // Verisk Analytics Inc., the Jersey City, N.J.-based data analytics provider, has acquired Arium, an independent company specializing in liability risk modeling and decision support. London-based Arium will become part of...
People
Jan 23 2017 // Wisconsin Insurance Commissioner Ted Nickel has been elected as president of the National Association of Insurance Commissioners (NAIC). Created in 1871, the NAIC establishes standards and conducts peer reviews for...
People
Jan 23 2017 // Ryan Specialty Group LLC has named Charlie Rosson senior vice president. Rosson is based in San Francisco, Calif. He will work to develop RSG penetration with brokers on a national basis. He has 23 years of experience in...
Expect the Unexpected in U.S. Casualty Insurance Market in 2017: Marsh
Jan 19 2017 // Insurers and customers are increasingly embracing the Internet of Things but greater reliance on these technologies could bring problems that ripple through an entire connected system. The unintended consequences from...
Charity First to Move Nonprofit Program to Nova Casualty Co.
Jan 17 2017 // Property and casualty program manager Charity First has announced plans to transition its nonprofit and social service business to Nova Casualty Co., a specialty program carrier and a member of AIX Group. The move will...
Chubb Global Markets Names Novae’s Clarke as Senior Casualty U/W
Jan 13 2017 // Chubb Global Markets, the London-based wholesale insurance division of Chubb, announced the appointment of Lee Clarke as senior casualty underwriter. In his new role, Clarke will be primarily responsible for the management...
Starr Promotes Greytok to Lead New Excess Casualty Unit
Jan 5 2017 // Starr Companies has promoted Layla Greytok, vice president, to be the leader of its newly formed Excess Casualty division, a combination of the Excess Commercial Accounts and Excess National Accounts units. In addition,...
Texas Issues Mandatory Data Call to Property/Casualty Insurers
Dec 19 2016 // The Texas Department of Insurance has issued a mandatory annual data call to all insurance companies writing private passenger nonfleet automobile, homeowners multiple peril, workers’ compensation, commercial fire...
Marsh, Endurance Launch Habitational Casualty Program
Dec 13 2016 // Marsh has launched a new and proprietary casualty insurance program designed offering accessible coverage for multifamily property owners and managers experiencing challenging habitational insurance market...
Swiss Re Veteran Hudzik to Head North America Casualty Operation
Dec 6 2016 // Swiss Re has named Mike Hudzik as head of its North America Casualty unit, effective Jan. 1, 2017. He will also join the Americas and Casualty management teams and will report directly to Steve Arora, head of Casualty...
