Latest Casualty Headlines
All the headlines from our Casualty Topic Page, ordered by recency.
Is Yours a Top 100 Property/Casualty Independent Agency?
Jun 16 2014 // Find out by submitting your entry for the 2014 Insurance Journal Top Property/Casualty Agencies Listing. There are four ways to qualify: 1. Top 100 Independent P/C Agencies 2. Top Commercial Lines Independent Agencies 3....
How Healthcare Reform Is Challenging Medical Malpractice
Jun 16 2014 // Though the impact of the Affordable Care Act (ACA) on medical malpractice insurance remains a bit of a puzzle, three insurance experts pieced together likely effects at an insurance conference for actuaries in late...
Under New CEO Hancock, Smaller AIG Expected to Focus on Growth
Jun 11 2014 // American International Group Inc. promoted Peter Hancock to chief executive officer as the company focuses on growth after his predecessor stabilized the insurer and paid back a 2008 government bailout. Hancock, 55,...
Deemed Insolvent, Ratings of Interstate Bankers Casualty Downgraded
May 30 2014 // A.M. Best has downgraded the financial strength rating to E (Regulatory Supervision) from C- (Weak) and the issuer credit rating to “rs” from “cc” of Interstate Bankers Casualty Co. (Interstate...
Various Factors Contributing to Stability in Property/Casualty Insurance Market
May 29 2014 // The federal terrorism risk insurance backstop, in place in one form or another since 2002, will likely be reauthorized by Congress, and in the absence of a major catastrophe — man-made or otherwise — the current...
XL Adds 4 to East Coast Excess Casualty Teams
May 29 2014 // XL Group has enhanced its excess casualty teams in New York and Atlanta to accommodate its continued growth and sharpened focus on target industries – real estate, hospitality, grocers, restaurants and retail. In New...
Liberty Mutual Names Sr. Underwriting Manager for Excess Casualty in Northeast
May 28 2014 // Keith PooporLiberty Mutual Insurance’s Specialty Excess Casualty operation has appointed Keith Poopor as senior underwriting manager for excess casualty in the Northeast. In his new role, Poopor will lead the...
Best Upgrades Travelers and Most Subs Ratings; Outlooks Stable
May 27 2014 // A.M. Best has upgraded the financial strength rating (FSR) to ‘A++’ (Superior) from ‘A+’ (Superior) and the issuer credit ratings (ICR) to “aa+” from “aa” of the...
Allied World Offers Casualty Lines for Canadian Market
May 14 2014 // Allied World Assurance Co. Holdings has launched an initial property /casualty offering in the Canadian market. Gord Kerr, senior vice president, chief agent and branch manager, will oversee the buildout of these lines and...
Mitchell Joins Casualty Team at Aspen US
May 12 2014 // Aspen US Insurance has appointed Roxanne Mitchell as executive vice president and chief casualty officer. She will report to Bob Rheel, executive vice president and head of U.S. Property Casualty. Mitchell has a 35-year...
XL’s North America Primary Casualty Adops New Name
Apr 28 2014 // XL Group announced that XL Group’s North America Primary Casualty business is operating under a new banner—Global Risk Management. XL’s Global Risk Management team works to build risk management programs,...
2013 P/C Insurers’ Results Show Net Gain on Underwriting– First Since 2007
Apr 21 2014 // U.S. property/casualty insurers’ net income after taxes grew to $63.8 billion in 2013 from $35.1 billion in 2012, with insurers’ overall profitability as measured by their rate of return on average...
Fabors Named President of Texas-Based RISC
Apr 8 2014 // Dallas, Texas – based RISC announced that Shawn O. Fabors was named president of the company upon the retirement of William D. Staub, Jr. The transition was effective Apr. 1, 2014. Staub joined RISC as president in...
Chubb Appoints Draper as UK & Ireland Casualty Manager
Mar 24 2014 // Chubb Insurance Company of Europe SE has announced the appointment of Dave Draper to the role of UK & Ireland Casualty Manager. Andy Francis, Chubb UK & Ireland Commercial Manager noted his “experience and...
ACE Expands M&A Practice, Appoints North America Practice Leader
Mar 7 2014 // The ACE Group has expanded its Mergers and Acquisitions (M&A) Practice into a Private Equity Practice concentrating on insurance options for private equity firms, their portfolio companies as well as their M&A...
MacDonald to Head Miller’s New Combined P&C Team
Feb 27 2014 // UK specialist insurance and reinsurance broker Miller Insurance Services LLP announced that it is combining its property and casualty specialists into one business area headed by Ken MacDonald. Miller said the new...
ACE Appoints Hofman-Bang as Denmark Casualty Manager
Feb 26 2014 // The ACE Group has announced the appointment of Anders Mølbjerg Hofman-Bang to the role of Casualty Manager, Denmark as part of a program of investment to further strengthen its proposition for corporate clients across the...
Work First Casualty Names Schumacher Vice President in Oregon
Feb 24 2014 // Klamath Falls, Ore.-based Work First Casualty Co. named Brian Schumacher vice president of information services. Schumacher, who previously served as director of information services, will be responsible for spearheading...
How ACA Healthcare Law Could Affect P/C Insurance Costs and Claims
Feb 21 2014 // The property/casualty insurance industry is likely to face cost shifting by hospitals, physicians and other medical providers due to the Patient Protection and Affordable Care Act (ACA), according to an insurance industry...
AXA Profit Rises 10% in 2013 on Life, Property and Casualty
Feb 21 2014 // AXA SA, Europe’s second-largest insurer, posted a 10 percent increase in 2013 profit on higher earnings at its life and savings and property and casualty divisions. Net income rose to €4.48 billion ($6.15 billion)...
