Latest Casualty Headlines
All the headlines from our Casualty Topic Page, ordered by recency.
Prime Property & Casualty Insurance Enters Kentucky Commercial Auto Market
Jan 29 2019 // Prime Property & Casualty Insurance Inc. (PPCI) has entered the Kentucky commercial auto market as an admitted carrier specializing in insurance products for distressed and substandard risks. PPCI offers the capacity...
AM Best Upgrades Credit Ratings of Greenville Casualty of South Carolina
Jan 25 2019 // AM Best has upgraded the Financial Strength Rating to B (Fair) from B- (Fair) and the Long-Term Issuer Credit Rating to “bb” from “bb-” of Greenville Casualty Insurance Co. of Greer, S.C. The...
Brightway Goes ‘All In’ on Independent Agents, Unveils No-Cost Path to Agency Ownership
Jan 10 2019 // On the heels of celebrating its 10-year anniversary, Jacksonville, Fla.-based Brightway Insurance, a national property/casualty insurance retailer selling through a network of franchised independent agencies, has unveiled...
AXA XL Appoints Dicob to Excess Casualty Insurance Team in New York
Jan 9 2019 // AXA XL has appointed Andrew Dicob to its Excess Casualty Insurance team as leader for the U.S. Northeastern region. Based in New York and reporting to Donnacha Smyth, president of Global Excess Casualty, Dicob will work...
Seeman Holtz P&C Acquires Houston’s Premier Medical Practice Group
Jan 8 2019 // Seeman Holtz Property & Casualty LLC has acquired Professional Medical Insurance Services (PMIS), headquartered in Houston, with seven other offices across the country. This PMIS medical and malpractice group will...
People
Jan 7 2019 // Insurance broker Willis Towers Watson has appointed Bill Creedon as Construction Industry leader for North America within its Corporate Risk and Broking segment. Creedon, a 30-year insurance and construction risk industry...
How Property/Casualty Insurance Is Becoming Less Valuable
Jan 7 2019 // I wrote about this some months ago and received many interesting comments. I decided to follow up on the same subject because it is so important. Value is a relative term often specific to a given asset. For example, if...
Aspen Insurance Bermuda Names Key Excess Casualty, FINPRO Appointments
Jan 4 2019 // Aspen Insurance announced two key appointments to its Bermuda insurance team. Saadia Savory joined Aspen insurance in December as vice president, Excess Casualty, Bermuda. She will lead the Bermuda Casualty team and...
Oklahoma’s Midlands Management Corp. Bought by Safety National Casualty
Jan 3 2019 // Midlands Management Corp., a managing general agent, wholesale broker, program administrator and insurance services provider headquartered in Oklahoma City, has been acquired by multi-line specialty insurance carrier...
Oswald Companies Hires Barlage as VP, Global Casualty
Dec 20 2018 // Cleveland, Ohio-based insurance firm Oswald Companies has added Traci Barlage as vice president, Global Casualty Practice leader. Barlage specializes in implementing strategic risk management plans and alternative outcomes...
People
Dec 17 2018 // XL Catlin has added Kimberly Hans to its Broker & Client Management team as Southeast Regional Leader. Hans is based in Atlanta and reports to Robert Peretti, XL Catlin’s Head of Broker & Client Management in...
AXA XL’s E&S Casualty Insurance Names 2 U.S. Product Leaders
Dec 12 2018 // AXA XL insurance has appointed new Excess & Surplus (E&S) Casualty product leads in the U.S. Ankur Chokshi has been promoted to head of E&S Primary Casualty and Brokerage and Binding Authority while Kimberly...
Swiss Re Corporate Names Aerni as Global Head Casualty, Financial, Professional Lines
Dec 7 2018 // Swiss Re Corporate Solutions has appointed Philippe Aerni as global head of Casualty, Financial & Professional Lines. In this expanded role, Aerni will be responsible for products and global markets for these two lines...
Exclusive: Insiders Symington, Lehmann Analyze Mid-Term Elections for P/C Insurance
Nov 27 2018 // The voters have spoken. Republicans have increased their slight advantage in the Senate, while Democrats have flipped the House and will now be in control there. Of course, President Trump, a Republican, still occupies the...
A.M. Best: National Farmers Union Property and Casualty Ratings Under Review
Nov 26 2018 // A.M. Best has placed under review with negative implications the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” of National Farmers Union Property and Casualty...
Ratings of Missouri’s Savers Property and Casualty Insurance Under Review
Nov 15 2018 // A.M. Best has placed under review with positive implications the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “bbb+” of Savers Property and Casualty...
Can Commercial Auto Insurers Get to Profit Before Autonomous Vehicles Arrive?
Nov 9 2018 // Commercial auto insurance hasn’t produced an industrywide combined ratio below 105 in the United States since 2010, according to a Guy Carpenter analysis, which says the line’s poor performance is a key factor...
Casualty Losses Provide Impetus for 2019 Rate Firming: Willis Towers Watson
Nov 7 2018 // Commercial insurance buyers are facing upward pricing pressure across most lines of business in 2019, driven in part by escalating losses in the casualty insurance market, according to a report by Willis Towers Watson. The...
People
Nov 5 2018 // San Francisco, Calif.-based Woodruff Sawyer has named Luke Parsons as a vice president in the private equity and transactional risk group. Woodruff Sawyer has also named Evan Hessel vice president and casualty practice...
AIG Executives Outline Path to Underwriting Profit in 2019
Nov 2 2018 // “We do see it coming. We expect that in 2019 we’re going to be in an underwriting profit position, not a great one, but a profit. And we’ll move from there to a great one.” So said Brian...
