Latest Casualty Headlines
All the headlines from our Casualty Topic Page, ordered by recency.
People Moves: Bahn Joins RPS in Illinois; Keller Joins IFG Primary Casualty in Chicago; Omaha National Promotes Perry
Jul 29 2021 // Risk Placement Services Bruce Bahn joined Risk Placement Services (RPS) in Rolling Meadows, Ill., as the vice president of business and product development. In this new position, Bahn will be responsible for leading the...
People Moves: ArgoGlobal’s Birtwistle to Howden’s New Reinsurance Casualty Team; Riddell Promoted to CEO of Berkley Re Australia, Succeeding Piper
Jul 26 2021 // This edition of International People Moves covers appointments at London-based broker Howden Reinsurance and Berkley Re Australia. A summary of these new hires follows here. Howden Reinsurance, part of international...
Casualty Proves to Be a Good Diversifier for Reinsurers: Aon
Jul 21 2021 // Casualty is proving its value as a good diversifier for reinsurers, especially given the positive primary rate movement seen in recent years, according to an Aon report. The combination of challenged property experience,...
Demotech Inc. Reveals Leading Multi-State Property/Casualty Insurers
Jul 5 2021 // In order to continue the discussion regarding what constitutes a Super Regional P/C Insurer™ and to give definition to this important group of insurers, Demotech Inc. analyzed year-end 2020 data for property/casualty...
Illinois Casualty Gets AM Best Ratings Upgrade
Jun 22 2021 // AM Best has upgraded the Financial Strength Rating to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “a-” (Excellent) from “bbb+” (Good) of Illinois...
BHSI Launches Energy & Technical Lines Casualty Products in UK with Dedicated Team
Jun 22 2021 // Berkshire Hathaway Specialty Insurance (BHSI) announced it has launched Energy and Technical Lines Casualty products in the UK and established a dedicated London-based Energy & Technical Lines underwriting team. The...
AM Best Removes Ratings of Louisiana’s Gray Casualty & Surety from Under Review
Jun 11 2021 // AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of The Gray Casualty...
Casualty Market for Education: Marsh
Jun 7 2021 // There are many segments in the education insurance market ranging from large colleges and universities to smaller K-12 campuses, but when it comes to casualty risks the exposures are largely the same, said Mark Turkalo,...
AM Best Withdraws Credit Ratings of First American Property & Casualty and First American Specialty
May 28 2021 // AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Ratings of “bbb” (Good) of First American Property & Casualty Insurance Co. and First American Specialty...
Helix Underwriting to Write Excess Casualty, Forming Agency Agreement with Watford
Apr 19 2021 // Helix Underwriting Partners Ltd., the Bermuda-based managing general agency, has expanded its agency platform into the excess casualty insurance segment. The move will see Tim Hadler join as chief underwriting officer to...
Auto Insurers Lead 2020 U.S. Property/Casualty Impairments: AM Best
Apr 16 2021 // Seven insurance company impairments were identified in the U.S. property/casualty industry in 2020, with five of the seven involving auto insurers, according to an AM Best special report. Last year’s number was an...
People Moves: RHSB Promotes Croy to VP, Property/Casualty
Apr 14 2021 // Roach Howard Smith & Barton Dallas-based independent insurance broker Roach Howard Smith & Barton (RHSB) has promoted Shellie Croy to vice president of Property and Casualty Operations. She has been with RHSB since...
Kemper Completes Acquisition of Illinois’ American Access Casualty
Apr 5 2021 // Kemper Corp. has closed its previously announced acquisition of Downers Grove, Illinois-based American Access Casualty Co. and its related captive insurance agency, Newins Insurance Agency Holdings LLC, and its...
The Inflation Specter Looms for Property/Casualty Insurers
Mar 23 2021 // Inflation, defined as the rate at which prices for goods and services are increasing, tends to occur when prices rise due to increases in production costs or when the demand for a product exceeds its supply (i.e., too much...
Bernhard Capital Forges Partnership with Louisiana’s Gray Casualty & Surety
Mar 22 2021 // A group of investors led by Bernhard Capital Partners Management LP (Bernhard Capital), a services and infrastructure-focused private equity management firm, has entered into an agreement to make a significant investment...
The Inflation Specter Looms for Property/Casualty Insurers
Mar 22 2021 // Inflation, defined as the rate at which prices for goods and services are increasing, tends to occur when prices rise due to increases in production costs or when the demand for a product exceeds its supply (i.e., too much...
Applied Underwriters Acquires Florida Casualty Insurance Co.
Mar 18 2021 // Florida Casualty Insurance Co. (FCIC), formerly Ashmere Insurance Co., has been acquired by Applied Underwriters and will become part of Applied’s national and international development plan. The newly re-branded,...
BHSI Appoints MSIG’s Neumann as Head of Casualty in Germany
Feb 23 2021 // Berkshire Hathaway Specialty Insurance (BHSI) announced it has named Mathias Neumann as head of Casualty in Germany. Mathias has more than 20 years of experience in the insurance industry in Germany. He spent the last 14...
Swiss Re Corporate Solutions Appoints Neon’s Dougall as Global Head Casualty
Feb 17 2021 // Swiss Re Corporate Solutions has appointed Andrew Dougall as global head casualty, effective Feb. 22, 2021. In this leadership role, Dougall will be responsible for driving the success and overall profitability of the...
Applied Underwriters Acquires Oklahoma Property and Casualty Insurance
Feb 16 2021 // Applied Underwriters’ affiliate, North American Casualty Co., has completed its acquisition of Oklahoma City-based Oklahoma Property and Casualty Insurance Co. (OP&C). Applied Underwriters plans to make various...
