Latest Casualty Headlines
All the headlines from our Casualty Topic Page, ordered by recency.
Best Affirms State Farm Companies, Affiliates and Subs Ratings
May 31 2013 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aa+” of State Farm Mutual Automobile Insurance Company (SFMAIC) and its...
Liberty International Underwriters Names Clauson SVP of Excess Casualty
May 29 2013 // Liberty International Underwriters (LIU), part of the Global Specialty division of Liberty Mutual Insurance, has appointed Peter A. Clauson as senior vice president of LIU Excess Casualty and Umbrella in the U.S. and Latin...
Daucourt Joins XL Group as COO Int’l. Property/ Casualty
May 22 2013 // XL Group announced the appointment of Thierry Daucourt as Chief Operating Officer of its International P&C Insurance business. He will be responsible for supporting the unit’s Chief Executive, Jason Harris, in...
ACE USA Makes Executive Appointments in Casualty Underwriting
May 8 2013 // ACE USA, the U.S.-based retail operating division of the ACE Group, announced two executive appointments in its Foreign Casualty and Custom Casualty divisions. Alexander Wells has been appointed senior vice president and...
2013 Super Regional Insurers
May 6 2013 // Demotech Inc. Reveals Leading Multi-State Property/Casualty Insurers The original criteria and objective definition for Super Regional P/C Insurers™ was established in the Feb. 12, 2007, issue of Insurance Journal. Prior...
AIG Reports P/C Underwriting Gain for Q1
May 2 2013 // American International Group Inc.’s property and casualty business booked its first underwriting profit in two and a half years during the first quarter, as the insurer wrote more premiums at higher prices and...
AIG Names Johnson to Succeed Bresnahan as Lexington Insurance President
Apr 29 2013 // American International Group Inc. (AIG) has named Jeremy Johnson as president and chief executive officer of its excess and surplus (E&S) lines unit, Lexington Insurance Co. in Boston. Johnson replaces David Bresnahan,...
‘Business As Usual’ Following Departures of AIG Execs
Apr 29 2013 // American International Group (AIG) has no intention of changing its excess and surplus lines business following the departure of four of its key commercial lines executives for Berkshire Hathaway. “It’s...
Atlantic Casualty Names Strickland President, Chief Operating Officer
Apr 15 2013 // Bret Strickland has been named president and chief operating officer of Atlantic Casualty Insurance Co., replacing William G. Reynolds, who retired after more than 35 years in the insurance Industry. Strickland started...
Casualty Actuarial Society Names Fischer as Admissions Director
Apr 8 2013 // The Casualty Actuarial Society (CAS) has named Richard Fischer as its new director of Admissions. Before joining CAS, Fischer worked in the U. S. Department of Labor’s Office of Federal Contract Compliance Programs...
How Obamacare Could Affect P/C Insurance
Mar 28 2013 // The key changes in federal health care reform remain months away but property/casualty actuaries are already trying to determine what impact they will have on their own lines of business, particularly workers’...
Wicks Joins UK’s Miller Reinsurance Team
Mar 27 2013 // Miller Insurance Services announced that non-marine casualty reinsurance production and placement specialist Ian Wicks has joined its reinsurance team in London. James Geffen, Head of Reinsurance and Board Member at Miller...
AIG Introduces Risk Financing Option for U.S. Casualty Clients
Mar 25 2013 // American International Group, Inc. (AIG) has launched Collateral Flex Option (CFO), a new risk financing option for companies with large deductible casualty insurance programs in the U.S. CFO provides an alternative for...
Ironshore Canada Increases Capacity for Specialty Casualty Lines
Mar 20 2013 // Ironshore Canada Ltd., a subsidiary of Ironshore International, has increased capacity to $30 million for its specialty casualty lines for 2013. Ironshore Canada Specialty Casualty division offers coverages to protect a...
Texas Market Share: Homeowners and Personal Auto
Mar 11 2013 // Top 40 Insurers/Homeowners Based on 2011 Texas Written Premium Rank Company $ Written Premium % of Market 1 State Farm Lloyds $1,678,075,665 28.09% 2 Allstate Texas Lloyd’s 462,398,477 7.74% 3 Texas Farmers Ins....
Report Questions Insurer Readiness, Attitudes on Climate Change
Mar 7 2013 // A report out Thursday that details responses to a climate change survey from insurers doing business in California, Washington and New York shows many insurers are prepared to deal with today’s extreme weather...
DeVos Promoted to Vice President at Assurance
Mar 1 2013 // Melanie DeVos has been promoted to vice president, Client Services – Property and Casualty at Assurance, an independent insurance brokerage located in Schaumburg, Ill., and St. Louis, Mo. This newly created role is...
Hartwig to Replace Patschak as Canopius Bermuda CEO
Mar 1 2013 // Canopius Group Limited announced that Susan Patschak, Chief Executive Officer of Canopius Bermuda has decided to step down, effective May 31, 2013, as she has decided to “assume a new role within the US insurance...
Best Affirms American Financial, Most Subs Ratings; Upgrades Mid-Continent
Feb 25 2013 // A.M. Best Co. has affirmed the issuer credit rating (ICR) of “bbb+” and all debt ratings of American Financial Group, Inc. (AFG), as well as the financial strength rating (FSR) of ‘A’ (Excellent)...
Wells Media Launches ‘Carrier Management’ For P/C Insurance Executives
Feb 22 2013 // Without a single headline referring to a hardening property/casualty insurance market, Wells Media Group has launched a new website—CarrierManagement.com—a business management publication focusing on the needs of...
