Latest Casualty Headlines
All the headlines from our Casualty Topic Page, ordered by recency.
Ratings Assigned to Bearing Midwest Casualty, Horizon Midwest Casualty
Feb 18 2013 // A.M. Best Co. has assigned a financial strength rating (FSR) of A- (Excellent) and issuer credit rating of “a-” to Bearing Midwest Casualty Co. (Bearing) and Horizon Midwest Casualty Co. (Horizon). The outlook...
Align General Adds Stone as Senior Casualty Underwriter in Dallas
Feb 14 2013 // Align General Insurance Agency Inc. (Align) announced that Bob Stone has joined the company as vice president, specialty commercial division. He is based in Dallas, Texas. Stone will underwrite and market commercial...
Lockton Re Hires New Execs to Strengthen Global Reinsurance Capabilities
Feb 6 2013 // Privately-owned Lockton and its specialist reinsurance division, Lockton Re, announced the strengthening of its global brokerage and client relationship capabilities, with a number of senior level hires both in London and...
Liz Henderson Joins ASL FL as Property/Casualty Producer
Feb 4 2013 // Clearwater, FL, 02/04/13 – In alignment with the corporate initiative for growth of the company’s presence in Central Florida, Atlantic Specialty Lines of Florida , Inc. has added Liz Henderson, AAI, AIS to...
Hiscox Names 3 Execs in Move to Strengthen London Market Casualty Team
Feb 1 2013 // Hiscox London office announced that it has boosted its London Market casualty offering with the appointment of three senior executives, which it described as a bold move that “will significantly enhance the London...
Best Affirms AIG, U.S. Property/Casualty Subs Ratings; Outlook Stable
Jan 28 2013 // A.M. Best Co. has affirmed the issuer credit rating (ICR) of “bbb” of New York-based American International Group, Inc. (AIG), as well as the financial strength rating (FSR) of ‘A’ (Excellent) and...
Business Moves – Midwest
Jan 28 2013 // Willis North America Willis North America, a unit of global insurance broker Willis Group Holdings, has relocated its Cleveland, Ohio office to 1001 Lakeside Ave., Suite 1600. Willis established a presence in Ohio more...
Insurance Executives Say Ongoing Budget Battles Will Harm U.S. Economy
Jan 17 2013 // Leaders of the property/casualty insurance industry believe Washington’s ongoing budget fracas will have a negative impact on the U.S. economy, according to a survey conducted by the Insurance Information Institute...
Allied World Bermuda Launches Excess Casualty Coverage Package
Jan 16 2013 // Allied World Bermuda has launched Constellation, a suite of five excess casualty coverage enhancements combined into one package that complements its current portfolio of excess casualty products. These enhancements will...
Ascot Underwriting Appoints Pilkington as Head of Casualty
Jan 10 2013 // Lloyd’s insurer Ascot Underwriting Ltd. announced the appointment of John Pilkington as Head of Casualty, effective February 4, 2013, and subject to regulatory approval. He has more than 25 years’ underwriting...
Looking Back at Insurance News of 2012: The Year’s Biggest Stories
Dec 31 2012 // With less than a day left until the end of the year, here’s a look back at some of the biggest property/casualty insurance news stories in 2012 that impacted the Northeast region, in chronological order: Top Investor...
P/C Industry’s 9 Month Results Show Insurers Can Handle Sandy Losses: ISO, PCI
Dec 28 2012 // Before Hurricane Sandy hit, private U.S. property/casualty insurers’ net income after taxes grew to $27 billion in nine-months 2012 from $8.4 billion in nine-months 2011. Insurers’ overall profitability as...
Swiss Re Study Sees Economy Improving in 2013; Casualty Lines Recover
Dec 11 2012 // Swiss Re’s latest study, “Global re/insurance review 2012 and outlook 2013/14” provides a somewhat optimistic forecast of the future state of the global economy and the insurance markets. Swiss Re said:...
W.R. Berkley Names President of FinSecure Unit in Baltimore
Dec 4 2012 // Greenwich, Conn.-headquartered W.R. Berkley Corp. announced Michael P. Dandini has been named president of the company’s FinSecure LLC unit. Dandini has nearly 20 years of experience in the property/casualty...
Alterra, Ullico Casualty to Offer U.S. Professional Liability Program
Nov 26 2012 // Alterra Capital Holdings Limited’s subsidiary Alterra America Insurance Co. has entered into a long-term partnership with Ullico Casualty Group, Inc. (UCG), a subsidiary of Ullico Inc., that will allow Alterra to...
Endurance Taps Parks-Carter to Head Western Excess Casualty Unit
Nov 21 2012 // Endurance Specialty Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, named Lynn Parks-Carter senior vice president to head its western region excess casualty insurance...
Best Affirms Allied World and Subs Ratings; FSR Outlook Stable; ICR Positive
Nov 16 2012 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent and the issuer credit ratings (ICR) of “a” of Allied World Assurance Company, Ltd and its operating affiliates. The...
Ironshore Names Scully Global Chief Actuary
Nov 15 2012 // Ironshore Inc. announced that Mark Scully has been named Global Chief Actuary, to be based in the New York office. He will be responsible for overseeing Ironshore’s global actuarial team, reporting to Kevin H....
P/C Insurance Editor Sclafane Joins Wells Media Group
Nov 6 2012 // Susanne Sclafane has joined property/casualty insurance media company, Wells Media Group, as Senior Editor. In her new position, Sclafane will be in charge of improving the company’s content and services to meet the...
Marsh: Excess Casualty Rates Continue to Rise
Nov 5 2012 // Excess casualty insurance rates continued to rise in the third quarter of 2012, as insurers sought higher prices amid increasing claims and litigation trends, and a low interest rate environment, insurance broker Marsh...
