Latest Casualty Headlines
All the headlines from our Casualty Topic Page, ordered by recency.
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...
AIG Profit Gains on Investments; P/C Earnings Fall But Pricing Improves
Nov 1 2012 // American International Group Inc. earned a larger-than-expected profit during the third quarter, due in part to big gains on its investment holdings. Questions about the sustainability of those profits, and uncertainty...
Argo International’s Lloyd’s Syndicate Adds Casualty Treaty Reinsurance Class
Oct 24 2012 // Argo Group International Holdings, Ltd., an international underwriter of specialty insurance and reinsurance products, will expand its offerings in the international casualty marketplace to include treaty reinsurance...
High Risks Seeing Double-Digit Hikes in Excess Casualty Rates: Marsh
Oct 17 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...
Markel Announces New Director of Casualty Facultative in Virginia
Oct 16 2012 // Richmond, Va.-headquartered Markel Corporation appointed Ann Marie O’Flynn director and underwriter within its casualty facultative product line.Ann Marie O'FlynnO’Flynn has over 15 years of casualty...
ACE USA’s Excess Casualty Unit Expands Catastrophe Management Coverage
Oct 15 2012 // ACE USA, the U.S.-based retail operations of the ACE Group, has expanded its catastrophe management insurance products with the introduction of the ACE Cat Management 2.5 endorsement by its ACE Excess Casualty Unit. This...
ACE USA Appoints Executive Officer for Northeast Region
Oct 12 2012 // ACE USA, the U.S.-based retail operations of the ACE Group, appointed Mitchell Schmidt as senior vice president and regional executive officer for ACE USA’s Northeast region. Schmidt will be based in Boston, and will...
Business Moves – Midwest
Oct 8 2012 // AmWINS North Carolina-based insurance wholesaler AmWINS Group Inc. has partnered with two insurance industry executives, Terry Younghanz and Richard Parks, to form a new managing general underwriter (MGU) focused on...
Report Points to Insurance Industry’s Vulnerability to Climate Change
Oct 8 2012 // A report out late last month urges the insurance industry to act to protect itself and the community against the increasing frequency of extreme weather due to climate change. In short, the report, its authors and those...
P/C Insurers’ Profits Jump in First Half as Catastrophe Losses Drop
Oct 4 2012 // U.S. property/casualty insurers’ net income after taxes jumped to $16.4 billion in first-half 2012 from $4.8 billion in first-half 2011, with insurers’ overall profitability as measured by their annualized rate...
Best Affirms QBE’s U.S. Subsidiaries Ratings; Upgrades Some ICR’s
Oct 2 2012 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a+” of the pooled and reinsured members of QBE North America Insurance Group...
Best Affirms Colonial Group and Subs Ratings; Outlook Stable
Sep 28 2012 // A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of the life/health and property/casualty operating subsidiaries of...
American Family Acquiring Permanent General, Lumbermens Casualty
Sep 27 2012 // American Family Insurance, based in Madison, Wis., is acquiring Nashville, Tenn.-based PGC Holdings Corp. and its subsidiaries, including non-standard auto insurers Permanent General and The General. The agreement was...
Report Points to Insurance Industry’s Vulnerability to Climate Change
Sep 20 2012 // A report out Thursday urges the insurance industry to act to protect itself and the community against the increasing frequency of extreme weather due to climate change. In short, the report, its authors and those endorsing...
Grinnell Mutual Promotes Menary, Eaves
Sep 10 2012 // Jeff Menary has been named vice president of Reinsurance at Grinnell Mutual Reinsurance Co., located in Grinnell, Iowa, and Kurt Eaves has been named vice president of Direct Underwriting/Production. Both position changes...
Montpelier Re Names Downey Global Casualty, Specialty Treaty Head
Aug 29 2012 // Montpelier Reinsurance Ltd., the Bermuda-based subsidiary of Montpelier Re Holdings Ltd., announced that it has named Christopher Downey as Head of Global Casualty and Specialty Treaty Reinsurance, effective...
Markel Executive Joins Aspen US Insurance in New York
Aug 24 2012 // Aspen US Insurance has appointed Richard Aldorisio as executive vice president of casualty insurance. He will be based in New York City. In his new role, Aldorisio will head the casualty insurance unit, which now includes...
Kansas Property Casualty Insurance Regulators Honored for Timely Reviews
Aug 16 2012 // Property and Casualty Division of the Kansas Insurance Department (KID) has raised the bar when it comes to reviewing new rate and form filings from insurance companies, the department announced. Kansas Commissioner of...
Catlin Names Curran to Head London Casualty Operations
Aug 15 2012 // The Bermuda-based Catlin Group Limited announced that Daniel Curran has been appointed Head of Casualty for Catlin’s London based underwriting operations. He will have responsibility for “a wide range of...
Sullivan Brokers Enhances Casualty Practice with Addition of Vicki Snow
Aug 14 2012 // Los Angeles, CA, 08/14/12 – Sullivan Brokers Wholesale Insurance Solutions is pleased to announce that Vicki Snow has joined the firm’s Casualty Practice Group in the position of Assistant Vice...
