Latest Casualty Headlines
All the headlines from our Casualty Topic Page, ordered by recency.
AIG Launches Cross-Border Casualty Risk Product for Multinational Companies
Feb 19 2014 // American International Group, Inc. (AIG) has launched its Global Casualty Single Solution (GCSS), a new product to cover cross-border casualty risks for U.S.-based multinational companies. The product is designed for...
Willis’ Casualty Head Comments on Inflow of New Capital for Casualty Re Market
Feb 19 2014 // Capital is pouring into the casualty reinsurance market from both traditional property catastrophe reinsurers looking to offset rate reductions in their own sphere, and now also from the capital markets, according to...
AIG Cutting Jobs, Moving Others to Lower Cost Cities
Feb 14 2014 // American International Group Inc. Chief Executive Officer Robert Benmosche is increasing returns for shareholders as he targets job cuts to simplify the firm. AIG boosted its quarterly dividend by 25 percent to 12.5 cents...
Kemper Corp. Realigns P&C Group
Feb 12 2014 // Kemper Corp. is realigning its property & casualty business. This realignment will result in one property & casualty segment for financial reporting purposes, beginning with the first quarter 2014. The new Kemper...
Cowles & Connell of N.J. Adds Dooskin as Property/Casualty Broker
Feb 6 2014 // Cowles & Connell of N.J. announced the addition of Darren Dooskin to the position of associate vice president and property/casualty broker. Dooskin will be responsible for the marketing and production of...
Ironshore Appoints London-Based Horton as Director U.S. Liability Risks
Feb 3 2014 // Bermuda-based Ironshore International has appointed Chris Horton to a new position as Director of Underwriting for U.S. Liability risks, including Specialty Casualty, IronPro, IronHealth and Environmental business lines....
Part II – Reinsurance: Emerging Markets and Risks – the Road Ahead
Jan 27 2014 // As detailed in Part I, the reinsurance industry faces the task of partially reinventing itself to expand in those sectors where it can achieve growth. Property catastrophe coverage isn’t off the table, but it’s...
Ironshore Launches Admitted Coverage for U.S. Companies Operating Overseas
Jan 15 2014 // Ironshore’s U.S. Specialty Casualty unit has launched a new coverage option for U.S.-based companies with overseas operational risk exposure. Ironshore International Connect will provide excess casualty coverage for...
Dalton Joins Southwest Risk as Casualty Broker
Jan 15 2014 // ClearView Risk Holdings LLC, the Dallas-based holding company of Southwest Risk LP, announced that Jason Dalton has joined Southwest Risk as a casualty broker with an emphasis on the transportation segment. Dalton has more...
PCI Elects Southern Farm Bureau Casualty’s Wallace to Board of Governors
Jan 15 2014 // The Property Casualty Insurers Association of America (PCI) has elected Duff Wallace, president and chief executive officer of Southern Farm Bureau Casualty Insurance Co., to its board of governors. Wallace assumed the...
Missouri-Based Safety National Casualty Realigns Management Team
Jan 14 2014 // Safety National Casualty Corp., based in St. Louis, Mo., has announced management changes and realignment of responsibilities that are scheduled to take effect on March 1, 2014. Chief Executive Officer Mark Wilhelm will...
Berkshire Hathaway Specialty Adds Primary Casualty Construction Capabilities
Jan 9 2014 // Berkshire Hathaway Specialty Insurance (BHSI) is expanding its construction casualty capabilities to include primary casualty insurance. The company now offers primary general liability, excess and umbrella coverage for...
Toole Named President of Worth Casualty
Jan 7 2014 // Michael G. Toole (Mike) has accepted the position of president of Fort Worth, Texas-based Worth Casualty Co., effective Jan. 1, 2014, the company announced. Worth Casualty Co. and its affiliated companies –...
Swett & Crawford Adds Broker to Casualty Practice Group in Boston
Jan 6 2014 // Swett & Crawford, part of Cooper Gay Swett & Crawford (CGSC), a global wholesale and reinsurance broking group, appointed Ed Frackiewicz as broker for the casualty practice group in Boston. Frackiewicz began his...
P/C Insurers Boost Bottom Line on Big Gain in Underwriting Through 9 Months
Dec 23 2013 // Private U.S. property/casualty insurers’ net income after taxes rose to $43 billion in nine-months 2013 from $27.8 billion in nine-months 2012, with insurers’ overall profitability as measured by their...
Willis Appoints Peller Global Head of Casualty
Dec 23 2013 // Willis Group Holdings announced the appointment of Seth Peller to the newly created role of Global Head of Casualty, effective January 2014. He is based in New York and reports to Dominic Samengo-Turner, Global Head of...
United Property & Casualty Approved to Write in Georgia
Dec 20 2013 // The Georgia Department of Insurance has approved United Property & Casualty Insurance Co. (UPC) to write property/casualty insurance in the state as an admitted carrier. This brings the total number of states in the...
Best Affirms CNA Financial and Subs’ Ratings; Outlook Stable
Dec 20 2013 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of the property/casualty subsidiaries of CNA Financial Corporation (CNAF),...
Bushey Succeeds Powers As President of Carolina Casualty
Dec 9 2013 // W. R. Berkley Corp. has named Gerald B. Bushey as president of its subsidiary, Carolina Casualty Insurance Group. Bushey succeeds Douglas J. Powers, who is retiring. Based in Jacksonville, Florida, Carolina Casualty serves...
Marsh & McLennan Agency Acquires Michigan’s Cambridge Property & Casualty
Dec 3 2013 // Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh Inc., announced the acquisition of Cambridge Property & Casualty, based in based in Livonia, Mich., Founded in 1974, Cambridge provides...
