Latest Casualty Headlines
All the headlines from our Casualty Topic Page, ordered by recency.
Harrell Joins Ironshore in Chicago from Chubb/ACE USA
May 25 2016 // Ironshore Inc. has added David Harrell in its Specialty Casualty unit as vice president, casualty manager in the Chicago office. He will be responsible for building upon Ironshore’s retail distribution platform of...
London Re/Insurance Market Faces Risk of Casualty Reserve Shortfall: PwC
May 25 2016 // There is a real risk that casualty reserves for business written in 2015 will run off at a loss in the future, according to PwC’s London re/insurance market review of reserve adequacy. PwC pointed to the fact that...
2016 Super Regional P/C Insurers™
May 23 2016 // 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 2015 data for property/casualty...
Main Street America Promotes Osman, Appoints 3 Officers in Florida
May 6 2016 // The Main Street America Group announced the promotion of one company officer to assistant vice president and the appointment of three new company officers in its Jacksonville, Fla., headquarters. Darryl Osman, currently...
Ratings of Financial American Property and Casualty Insurance Downgraded
May 3 2016 // A.M. Besthas downgraded the financial strength rating (FSR) to B++ (Good) from A- (Excellent) and the issuer credit rating (ICR) to “bbb+” from “a-” of Financial American Property and Casualty...
2 Ohio Property/Casualty Insurers Approved to Operate in Arkansas
Apr 27 2016 // Arkansas Insurance Commissioner Allen Kerr has approved Ohio-based All America Insurance Co. (AAIC) and Central Mutual Insurance Co. (CMIC) to do business in the state. The companies now have the authority to offer...
A.M. Best Revises Outlook for Mississippi Farm Bureau Insurance
Apr 18 2016 // A.M. Best has revised the outlooks to positive from stable and affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of Mississippi Farm Bureau Casualty Insurance Co. in...
Universal Property & Casualty’s Expansion Continues With License in N.Y.
Mar 24 2016 // Universal Insurance Holdings Inc., an insurance holding company based in Fort Lauderdale, Florida, announced that its subsidiary Universal Property & Casualty Insurance Company (UPCIC) has been approved by the New...
Universal Property & Casualty Licensed in New Jersey
Mar 17 2016 // Universal Insurance Holdings Inc., an insurance holding company based in Fort Lauderdale, Florida, announced that its subsidiary Universal Property & Casualty Insurance Company (UPCIC) was issued a certificate of...
Endurance Hires Quartly to Launch International Casualty Insurance Business
Mar 7 2016 // Endurance Specialty Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced that Giles Quartly has joined the company senior vice president, head of International...
President of USAA Property and Casualty Insurance Group to Retire
Feb 25 2016 // Alan Krapf, president of San Antonio-based USAA Property and Casualty Insurance Group, has announced his intention to retire. USAA has begun the process of identifying internal and external candidates for the role. Once a...
Atlantic Casualty Announces Chief Underwriting Officer
Feb 23 2016 // Goldsboro, NC, February 23, 2016- Atlantic Casualty Insurance Company, a member of Strickland Insurance Group, has named Tim Martin, CPCU, AU, as Chief Underwriting Officer. Martin will provide oversight and direction for...
AIG Reports $1.8 Billion Q4 Net Loss on Weak Underwriting, Investments
Feb 12 2016 // American International Group Inc. reported an operating loss of $1.3 billion for the fourth quarter of 2015, compared to after-tax operating income of $1.4 billion in the prior-year quarter. Disappointing underwriting and...
Energy Insurers Become Latest Casualty of Oil Slump as Projects Are Postponed
Feb 11 2016 // The insurance industry is becoming the latest casualty of the oil price slump, with postponements and cancellations of energy projects forcing down premium rates and income in a market that was already crowded. Insurers...
Aon Launches Lloyd’s Lead Facility for U.S. Casualty Risks
Feb 8 2016 // Aon plc has launched Lloyd’s Lead Excess Aon Facility (Lloyd’s LEAF), a program that increases placement options for Aon’s U.S. clients facing global casualty risks while delivering greater contract...
10 Trends in U.S. Casualty Markets in 2016: Marsh
Feb 8 2016 // The sharing economy, expanded litigation, surplus capital, custom account underwriting and further consolidation are likely to challenge the U.S. casualty insurance marketplace in 2016, according to broker Marsh. Marsh...
A.M. Best Revises Outlook for South Carolina’s Greenville Casualty
Jan 28 2016 // A.M. Best has revised the outlook to stable from negative and affirmed the financial strength rating of B- (Fair) and the issuer credit rating of “bb-” of Greenville Casualty Insurance Company (Greenville)...
AIG CEO Says Future Split Possible, But Downplays SIFI Risk; Will ‘Narrow’ P/C Focus
Jan 26 2016 // American International Group (AIG) CEO Peter Hancock, who announced the sale of the company’s AIG Advisor Group and a partial (19 percent) spin-off of mortgage insurer United Guaranty Corp., said AIG is open to...
JLT Specialty USA Appoints Trinkleback as Sr. VP, Casualty Risk Control Leader
Jan 25 2016 // JLT Specialty USA, a U.S. subsidiary of Jardine Lloyd Thompson Group plc. (JLT), named Robert Trinkleback as its new senior vice president, Casualty Risk Control leader at JLT’s Chicago office. Trinkleback, who most...
Liberty International Underwriters Names C&F’s Cossetti as Head of U.S. Casualty
Jan 21 2016 // Liberty International Underwriters (LIU) has named Diana Cossetti as senior vice president of LIU’s U.S. Casualty operation, newly-created underwriting leadership role overseeing Primary Casualty, Excess Casualty,...
