Latest Casualty Headlines
All the headlines from our Casualty Topic Page, ordered by recency.
Universal Property & Casualty Insurance OK’d to Write in Michigan
Jun 9 2015 // Florida-based Universal Insurance Holdings Inc. announced that the Michigan Department of Insurance issued a Certificate of Authority to Universal Property & Casualty Insurance Co. (UPCIC), establishing UPCIC as a...
Lloyd’s Agency Ascot Appoints Casualty Fac Team for Ascot Underwriting in U.S.
Jun 4 2015 // Ascot Underwriting Ltd., the London-based Lloyd’s managing agency, has appointed Scott Beall as chief underwriting officer of casualty facultative and Lex Smart as senior vice president of Ascot Fac. The team will...
Universal Property & Casualty Writes 1st Homeowners Policy in Pennsylvania
Jun 3 2015 // Universal Insurance Holdings Inc. announced that the Pennsylvania Insurance Department has approved the homeowners insurance rates and forms of its wholly-owned subsidiary, Universal Property & Casualty Insurance...
Kwan Named E&S Casualty Senior VP for Swiss Re Corporate Solutions
Jun 2 2015 // Swiss Re Corporate Solutions has added Michael Kwan to its North American leadership team based in Santa Ana, California. Kwan joins the Casualty North America leadership team as senior vice president and head of Excess...
For P/C Insurers, 2014 Was Better Than Average Year
May 26 2015 // Analysts who predicted the U.S. property/casualty industry would have a tough time topping its 2013 results in 2014 were largely correct as there was some slippage. However, while property/casualty insurers were not as...
AEGIS London Hires Rouse as Casualty Underwriter
May 14 2015 // AEGIS London has appointed Dan Rouse as casualty underwriter. He joins from broker Howden. Rouse will join the established team of London-based underwriters writing an international book of business, excluding...
Willis Re Launches $400M Reinsurance Facility to Cover Catastrophic Liabilities
May 14 2015 // Willis Re, the reinsurance division of Willis Group Holdings plc, has established a syndicated reinsurance facility providing the broadest protection available for insurers against catastrophic and systemic loss...
ACE Enhances Excess Casualty Coverage for Middle Market Companies
May 12 2015 // ACE Group has expanded its range of excess casualty corporate risk coverages to provide more extensive protection to middle market clients. The enhanced offerings, available for businesses with revenues up to $1 billion,...
Hannover Re’s Q1 Net Income Increases 20.1% to $311.8 Million
May 6 2015 // During the first quarter, Hannover Re generated net income of 279.7 million euros ($311.8 million), a 20.1 percent increase over the 233.0 million euros ($260 million) reported for the same period last year. “The...
Great American Public Sector Increases Casualty Capacity
May 5 2015 // Great American Insurance Group has added an additional $10 million in casualty capacity for public sector risks attaching $10 million or higher. When attached to a risk in conjunction with Great American Public...
State Regulation Worked in Red Rock/Foster Jennings Case: Oklahoma Commissioner
May 4 2015 // The circumstances surrounding the liquidation of a small Oklahoma insurer highlight the concern over how effectively state insurance regulators are able assess potential buyers of insurance companies, according to a recent...
AIG’s Commercial Lines Improves in Q1
May 1 2015 // American International Group Inc.’s reported good news in its commercial lines business during the first quarter that was partially offset by low interest rates and weak investment returns. AIG on Thursday reported...
Safety National Rebrands Reinsurance Platform: Safety National Re
Apr 22 2015 // St. Louis, Mo.-based Safety National Casualty Corp. announced it has rebranded its reinsurance platform as Safety National Re. Safety National Re will continue to offer its existing products and solid financial security,...
Willis Launches Risk Analytics Suite to Help ‘Proactively’ Manage Risks
Apr 22 2015 // Willis Group Holdings plc has unveiled a new suite of analytical tools to help firms proactively manage risks. “These proprietary models will deliver innovative analytical capabilities for diagnosing Natural...
Skaletsky Joins All Risks in Florida as Casualty Broker
Apr 20 2015 // Nationwide independent wholesaler All Risks has added Steve Skaletsky to its Jupiter, Fla., office as a casualty broker. Skaletsky will target commercial risks in Florida and throughout the Gulf Coast, providing general...
Ironshore Specialty Casualty Construction Offers Stand-Alone Crisis Event Cover
Apr 7 2015 // Bermuda-based Ironshore Specialty Casualty’s Construction unit announced that it will “offer coverage enhancements through Crisis ThreeSixty,” which it described as an “an optional policy...
ACE Promotes Krishnan to New Head of Casualty Role for Eurasia & Africa
Apr 2 2015 // ACE Group has created a new underwriting management role for the Eurasia and Africa region and promoted Shankar Krishnan, currently casualty underwriting manager for MENA, to the position. The appointment is the latest in...
ACE Promotes Gandon, Etherington in Global Accounts for UK & Ireland
Mar 25 2015 // ACE Group has made two appointments within its Global Accounts segment: Ed Gandon, casualty manager, UK & Ireland, and Gary Etherington, property manager, UK & Ireland, as it continues to invest in servicing larger...
ACE Strengthens Casualty Offering for Multinational Activities of Canada Firms
Mar 20 2015 // ACE Group says it is strengthening its global primary casualty offering with an expanded service platform designed to protect the multinational business activities of Canadian companies. ACE Risk Management Global Casualty...
A.M. Best Downgrades Ratings of Greenville Casualty Insurance Co.
Mar 20 2015 // A.M. Best has downgraded the financial strength rating to B- (Fair) from B (Fair) and the issuer credit rating to “bb-” from “bb” of Greenville Casualty Insurance Co. (Greer, SC). The outlook for...
