Latest Casualty Headlines
All the headlines from our Casualty Topic Page, ordered by recency.
What to Expect in U.S. Casualty Markets in 2016: Marsh
Jan 20 2016 // The sharing economy, expanded litigation, surplus capital, custom account underwriting and further consolidation are likely to challenge the U.S. casualty insurance marketplace in 2016, according to broker Marsh. Marsh...
ArgoGlobal Promotes Barnes as Head of Casualty for Syndicate 1200
Jan 12 2016 // ArgoGlobal* announced the appointment of Ryan Barnes as head of Casualty for Syndicate 1200. He takes up his new role following the departure of Paul Kneafsey who has left ArgoGlobal to join Everest Re as active...
QBE North America Names AIG’s Davide as Senior VP for Risk Management
Jan 5 2016 // QBE North America said announced that Joseph Davide has joined the organization as senior vice president, Risk Management, QBE’s large risk business in North America. This business is part of QBE’s Standard...
6 Forecasts for P/C Insurance in 2016
Jan 4 2016 // Some, but not all, experts see an improving U.S. economy in 2016 helping to boost the property/casualty (P/C) insurance sector. Some of these prognosticators are more optimistic than others. But most also anticipate...
Liberty Specialty Markets Boosts German Presence with New Casualty Team
Jan 4 2016 // Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has strengthened its presence in the German casualty market with the appointment of a new four-strong casualty team in its Cologne office. The team...
Top 10 Property/Casualty Insurance News Stories of 2015
Dec 30 2015 // The year 2015 was a year during which the property/casualty insurance industry worried and learned about disruptive forces, new competitors, new leaders and emerging risks. Also, some of the industry’s news revived...
ACE Appoints Future Leadership Team for P&C Business in Asia Pacific
Dec 28 2015 // ACE Group announced the future commercial property & casualty leadership team for the new Chubb Group in Asia Pacific. These appointments will take effect upon completion of the acquisition of Chubb, which is expected...
Universal Property & Casualty Insurance Licensed in New Hampshire
Dec 16 2015 // Universal Insurance Holdings Inc. in Fort Lauderdale, Florida, announced that its wholly-owned subsidiary Universal Property & Casualty Insurance Company (UPCIC) received a certificate of authority from the New...
Rockhill Insurance Realigns Underwriting Management Team
Dec 8 2015 // Rockhill Insurance Group, based in Kansas City, Mo., announced it has realigned its organizational underwriting structure to better serve wholesale brokers. Chief Operating OfficerDoug Goodenow presides over three main...
ACE Appoints Commercial P&C Leaders for Overseas General Insurance Division
Dec 3 2015 // ACE Ltd. has appointed the commercial property & casualty leadership team for the company’s Overseas General Insurance division. The leadership appointments will take effect upon completion of the acquisition of...
ACE Names Future Leadership Team for Overseas General Insurance Operations
Nov 23 2015 // ACE Ltd. announced the senior leadership team it intends to appoint for the new Chubb Group’s Overseas General Insurance division. This division comprises two major businesses: one with distribution through retail...
Cincinnati Insurance Announces Property/Casualty Leadership Changes
Nov 23 2015 // Cincinnati Financial Corp. announced that Stephen M. Spray, senior vice president, will transition to commercial insurance operations at Cincinnati Insurance effective Jan. 1, 2016, establishing the leadership perpetuation...
A.M. Best Downgrades Georgia-Based Century Casualty Co.
Nov 17 2015 // A.M. Best has downgraded the financial strength rating (FSR) to B (Fair) from B+ (Good) and the issuer credit rating (ICR) to “bb+” from “bbb-” of Century Casualty Co. based in Alpharetta, Ga. The...
Everest Re Adds Inland Marine Unit to U.S. Specialty Platform
Nov 13 2015 // Everest Re Group, Ltd., has expanded its U.S. specialty insurance platform, Everest National Insurance Co., with the introduction of a new dedicated Inland Marine underwriting team. Everest National is pursuing a broad and...
Professional Casualty Association Enters Michigan Medical PL Market
Nov 12 2015 // Medical professional liability insurer, Professional Casualty Association (PCA), has been approved for operations by the Michigan Department of Insurance and Financial Services as a licensed and admitted carrier, effective...
Liberty International Names Finnegan Chief Underwriting Officer for U.S.
Nov 11 2015 // Liberty International Underwriters (LIU), part of Liberty Mutual Insurance, has appointed Michael Finnegan to the newly-created position of chief underwriting officer for U.S. operations. Prior to joining LIU, Finnegan was...
U.K.’s Allianz Insurance Appoints Watts as Head of Casualty Claims
Nov 9 2015 // Allianz Insurance, the U.K. subsidiary of Allianz SE, has appointed Lee Watts as head of casualty claims. Watts will be responsible for leading the development and implementation of technical claims strategy and best...
Safety National Casualty Announces Claims Management Changes
Nov 5 2015 // St. Louis, Mo.-based Safety National Casualty Corp. is realigning its claims department with management changes. Carl Reynolds, senior vice president – Claims, has retired after a successful 30-year career with Safety...
Marsh Launches Excess Casualty Coverage for Product Liability Risks
Nov 3 2015 // Marsh has launched Marsh IO+, an enhanced excess casualty product designed for companies with significant product and other mass tort exposures. Organizations like retailers, food and beverage companies, construction...
As Activist Investors Circle, AIG Posts Q3 Loss; Plans to Cut 400 Jobs
Nov 2 2015 // American International Group Inc., the insurer facing pressure from activist shareholder Carl Icahn for a breakup, posted a third-quarter loss as investment results deteriorated. The company plans to cut as many as 400...
