Latest Casualty Headlines
All the headlines from our Casualty Topic Page, ordered by recency.
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,...
What to Expect in U.S. Casualty Markets in 2016: Marsh
Jan 20 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...
ArgoGlobal Promotes Barnes as Head of Casualty for Syndicate 1200
Jan 12 2016 // ArgoGlobal* announced the appointment of Ryan Barnes as head of Casualty for Syndicate 1200. He takes up his new role following the departure of Paul Kneafsey who has left ArgoGlobal to join Everest Re as active...
QBE North America Names AIG’s Davide as Senior VP for Risk Management
Jan 5 2016 // QBE North America said announced that Joseph Davide has joined the organization as senior vice president, Risk Management, QBE’s large risk business in North America. This business is part of QBE’s Standard...
6 Forecasts for P/C Insurance in 2016
Jan 4 2016 // Some, but not all, experts see an improving U.S. economy in 2016 helping to boost the property/casualty (P/C) insurance sector. Some of these prognosticators are more optimistic than others. But most also anticipate...
Liberty Specialty Markets Boosts German Presence with New Casualty Team
Jan 4 2016 // Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has strengthened its presence in the German casualty market with the appointment of a new four-strong casualty team in its Cologne office. The team...
Top 10 Property/Casualty Insurance News Stories of 2015
Dec 30 2015 // The year 2015 was a year during which the property/casualty insurance industry worried and learned about disruptive forces, new competitors, new leaders and emerging risks. Also, some of the industry’s news revived...
ACE Appoints Future Leadership Team for P&C Business in Asia Pacific
Dec 28 2015 // ACE Group announced the future commercial property & casualty leadership team for the new Chubb Group in Asia Pacific. These appointments will take effect upon completion of the acquisition of Chubb, which is expected...
