Latest Casualty Headlines
All the headlines from our Casualty Topic Page, ordered by recency.
W.R. Berkley’s FinSecure Appoints P/C Chief Underwriting Officer
Sep 4 2013 // FinSecure — a W.R. Berkley Corp. member company that focuses on insurance for financial institutions — announced that Elizabeth Loft Good has joined the company as vice president and chief underwriting officer...
Aspen US Names DiBattista as SVP of Excess Casualty
Sep 3 2013 // Aspen US Insurance in New York has named Jude DiBattista as senior vice president and chief underwriting officer for Excess Casualty. DiBattista has 20 years of industry experience in property/casualty lines, most recently...
Insurers Have Paid $1.2M for Boston Bombing P/C Claims So Far; Health Claims to Top $22M
Aug 30 2013 // The Massachusetts Division of Insurance says that so far, 207 Boston Marathon bombing-related property/casualty claims have been reported by the top 25 insurers and the residual market insurer Massachusetts FAIR...
Worldwide Facilities Appoints Casualty Broker in New York
Aug 22 2013 // Worldwide Facilities, a Los Angeles-based independent surplus lines broker and managing general agency, appointed Kitti Peters as vice president and casualty broker with a specialization in construction. She based in...
Incopero Joins The Plexus Groupe’s Property/Casualty Practice
Aug 15 2013 // The Plexus Groupe LLC, based in Deer Park, Ill., has added Debbi Incopero to its property/casualty insurance practice. As an account executive, Incopero will be responsible for maintaining and enhancing relationships with...
ACE Promotes Salmon, Germano for European Casualty
Aug 12 2013 // The ACE Group today announced the promotion of Jerome Salmon to the position of Regional Casualty Manager, Continental Europe. He will have profit center responsibility for ACE’s casualty portfolio across the region,...
Insurance Journal’s New and Improved Top 100 Independent Property/Casualty Agencies Report
Aug 5 2013 // Welcome to Insurance Journal‘s new and improved Top 100 Independent Property/Casualty Agencies report. This year’s Top 100 features a number of agencies that are new to the list thanks to a change that ranks...
AIG Reports 17% Increase in Profit; Issues First Dividend Since 2008
Aug 2 2013 // American International Group Inc. announced its first capital return since its 2008 bailout, through a dividend and share buyback, sending its shares up 6 percent after the bell. The insurer, which was almost wiped out by...
Liberty International Underwriters Names Fusner Senior VP of Primary Casualty
Jul 24 2013 // Liberty International Underwriters (LIU), part of Liberty Mutual Insurance, said Kelly Fusner has been appointed senior vice president of LIU’s Primary Casualty product line. Fusner will be responsible for the...
Here Comes Berkshire Hathaway
Jul 22 2013 // Interview with BHSI’s Peter Eastwood on Building a New E&S Giant When a veteran of CNA joined Berkshire Hathaway Specialty Insurance to lead the new venture’s professional liability division a few weeks...
Galvin Named President of Midwest Employers Casualty
Jul 17 2013 // W. R. Berkley Corp. said it has named Timothy F. Galvin as president of its subsidiary, Midwest Employers Casualty Co. (MECC). The appointment is effective immediately. Galvin succeeds Melodee J. Saunders, who has served...
Navigators Names President of Specialty Excess Casualty Unit
Jul 16 2013 // The Navigators Group Inc. announced that its principal underwriting agency subsidiary, Navigators Management Company, named Timothy D. Ryan as president of the Excess Casualty unit of Navigators Specialty, which focuses...
How Casualty Actuaries Help Insurers Manage Nanotech, Other Emerging Risks
Jul 16 2013 // Casualty actuaries can help insurers meet the demand for new products by identifying, analyzing and pricing new risks, according to two speakers at the srping meeting of the Casualty Actuarial Society. Since the mid-1980s,...
U.S. Property Cat Re Prices Down, Casualty Softening: Willis Re
Jul 2 2013 // Reinsurers are taking “robust defensive measures to maintain market positions recently eroded by new capital markets entrants,” with prices down 25 percent on some Florida property accounts, according to a new...
P/C Insurers Turned Profit on Underwriting in Q1, Attained Record Surplus
Jun 24 2013 // First quarter results for U.S. property/casualty insurers show they made a profit on underwriting for the first time since late 2009. Private U.S. property/casualty insurers’ net income after taxes rose to $14.4...
A.M. Best: Outlook Negative for Imperial Fire and Casualty Insurance
Jun 18 2013 // A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of B+ (Good) and issuer credit rating of “bbb-” of Opelousas, La.-based Imperial Fire and Casualty...
XL Appoints Devaux-Piquer Casualty Underwriting Manager Europe, Reinsurance
Jun 18 2013 // The XL Group announced that it has appointed Valérie Devaux-Piquer to the position of Casualty Underwriting Manager, Europe, Reinsurance, effective Sept. 1, 2013. She will take the place of Dieter Kohl, who retires this...
Marsh’s U.S. Casualty Practice Leader to Join Victor O. Schinnerer as President
Jun 17 2013 // Chevy Chase, Md.-based underwriting manager Victor O. Schinnerer & Company Inc. has tapped senior Marsh executive Jonathan M. Zaffino to be its president.Jonathan M. ZaffinoThe position of president was previously...
Southport Lane Acquires Louisiana’s Imperial Fire & Casualty
Jun 4 2013 // Southport Lane, a New York City-based private equity firm, has completed its acquisition of Louisiana-based Imperial Management Corp., along with its largest subsidiary, Imperial Fire & Casualty, in an all-cash...
Best Revises Outlook on Travelers and Most Subs to Positive; Affirms Ratings
May 31 2013 // A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa” of the property/casualty...
