Latest Casualty Headlines
All the headlines from our Casualty Topic Page, ordered by recency.
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...
Everest Appoints McKeon to Lead Both Risk Management, Commercial Casualty
Oct 19 2018 // Everest Insurance said that Christopher McKeon, currently vice president and head of Commercial Casualty, will add leadership responsibility for the Risk Management business unit, which focuses on customized primary...
Woodruff Sawyer Names Hessel Casualty Practice Leader in California
Oct 18 2018 // San Francisco, Calif.-based Woodruff Sawyer has named Evan Hessel vice president and casualty practice leader. Hessel will be responsible for expanding the current casualty platform and capabilities. He was previously...
Seeman Holtz Property & Casualty Acquires Allstar Assurance of Florida
Oct 16 2018 // Seeman Holtz Property & Casualty, Inc. has acquired Allstar Assurance, headquartered in Weston, Fla. Allstar Assurance has been serving south Florida for over 14 years offering multi-line property and casualty...
Zurich North America Names Butt to Lead Casualty for Commercial Insurance
Oct 15 2018 // Valerie Butt has been named Head of Casualty for Zurich North America Commercial Insurance. Butt will lead the casualty business with responsibility for new and renewal business. Butt takes on the role that was vacated...
Starr’s Ameruoso Joins JLT Re Construction Casualty Division, Facultative
Oct 15 2018 // JLT Fac, a division of reinsurance broker JLT Re North America, has appointed Joe Ameruoso as head of North America Construction Casualty, Facultative. Ameruoso joins from Starr Insurance Cos. where he was for more than...
AFL Insurance Brokers Appoints Moretti from JLT as Director of Casualty
Oct 5 2018 // Independent Lloyd’s broker AFL Insurance Brokers Ltd. (AFL) has appointed of Julia Moretti as director – casualty, effective September 2018. Moretti joins the AFL team from JLT Reinsurance Brokers Ltd., where she...
Seeman Holtz Property & Casualty Acquires Spencer Insurance Agency of Florida
Oct 5 2018 // Florida-based Seeman Holtz Property & Casualty, Inc. has acquired Spencer Insurance Agency LLC, headquartered in Hobe Sound, Fla. Spencer Insurance Agency has been serving the Eastern coast of Florida for over 25...
Top 20 Private Passenger Auto Liability Insurers in Louisiana
Oct 1 2018 // 1.State Farm Mutual Automobile Insurance Company Market Share: 31.06% 2. Progressive Security Insurance Company Market Share: 10.19% 3. Allstate Property and Casualty Insurance Company Market Share: 7.08% 4. Geico Casualty...
AXA XL Names Moniz & Scully to Lead Excess Casualty Teams in Bermuda, Dublin, Respectively
Sep 26 2018 // AXA XL announced two senior promotions within its Excess Casualty Insurance business. Effective immediately Vivienne Moniz and Elaine Scully have been appointed as head of Excess Casualty, Bermuda, and head of Excess...
XL Catlin Names Snyder Lead Underwriter for Construction Excess Casualty in Southeast
Sep 21 2018 // XL Catlin’s North America Construction insurance business has appointed Ann Marie Snyder, senior underwriter, to lead its Construction Excess Casualty business in its Southeast region. Snyder joined XL Catlin in 2012...
People
Sep 17 2018 // AmWINS Brokerage of Georgia has added Alex Furlong, an energy and environmental specialist, to its casualty team. He will be based in Atlanta. Prior to joining AmWINS, Furlong spent several years as a casualty producer at...
Maday Joins J.M. Wilson as Assistant Property/Casualty Underwriter
Aug 29 2018 // Managing general agency and surplus lines broker J.M. Wilson has added Mark Maday as assistant property/casualty underwriter in the company’s Arlington Heights, Illinois, office. Maday is responsible for underwriting...
Run-Off Venture Targets Florida Auto Insurer Peachtree Casualty for First Acquisition
Aug 22 2018 // International insurance and reinsurance company DARAG and U.S.-based acquisition specialist SOBC have formed a joint venture with SOBC DARAG in Delaware to support DARAG’s expansion into the U.S. and...
Socius Insurance Services Hires Ascolese in New York City
Aug 20 2018 // Socius Insurance Services Inc., a management liability and property/casualty insurance wholesaler, has hired Jerry Ascolese to join its casualty practice as vice president. Ascolese will be based in New York City – a...
A.M. Best Upgrades Ratings for Palisades Group, High Point Homeowners Group
Aug 20 2018 // Plymouth Rock Assurance has announced that A.M. Best Rating Services Inc. upgraded the financial strength ratings of the Palisades Group and High Point Homeowners Group to A- (Excellent). In addition, their long-term...
People
Aug 20 2018 // Roger Walleck, vice president of Underwriting at Missouri Employers Mutual, has been elected to serve on the national underwriting committee for the workers’ compensation rate making organization, National Council on...
