Latest Casualty Headlines
All the headlines from our Casualty Topic Page, ordered by recency.
Vermont Issues Bulletin on Price Optimization in Personal Lines Ratemaking
Jul 2 2015 // Vermont regulators issued a bulletin last week addressing the issue of “price optimization” in personal lines ratemaking. The Vermont Department of Financial Regulation (DFR) noted in the bulletin that some...
NFP Property & Casualty Acquires Texas’ AutoGroup Services
Jun 25 2015 // Insurance broker and consultant, NFP, has acquired specialty agency AutoGroup Services (AGS), based in Fort Worth, Texas. Founded in 2000, AGS consults with auto dealerships to help maximize the profitability of their...
Main Street America Appoints Root as VP in Florida Headquarters
Jun 24 2015 // Janet Root The Main Street America Group announced Janet Root has been appointed vice president of internal audit at the super-regional property/casualty insurance company. She replaces former internal audit vice president...
Midwest Employers Casualty Adds Branco as Medical Director
Jun 23 2015 // Midwest Employers Casualty Company (MECC), which specializes in excess workers’ compensation, has hired Dr. Fernando S. Branco as medical director. Branco will lead a team of six medical management consultants who...
QBE Europe to Grow Middle East Casualty Business; Parfitt Appointed
Jun 19 2015 // QBE European Operations has announced plans to grow its casualty business in the MENA region. Laetitia Parfitt joined the team in Dubai this week as senior casualty underwriter. Parfitt will be responsible for developing...
Marsh Launches Diagnostic Tool to Estimate Clients’ Total Cost of Risk
Jun 17 2015 // Marsh has unveiled a new casualty cost diagnostic tool powered by its analytics that provides clients enhanced awareness of their casualty program costs and trends and shares strategies on how to further control their...
ACE Launches General Liability Offering for Multinational Middle-Market Companies
Jun 15 2015 // ACE Group has launched a new insurance offering that combines domestic general liability coverage and international general liability coverage for U.S. middle-market companies that are expanding globally. The policy brings...
UK’s Allianz Commercial Promotes Higham to Property Account Manager
Jun 15 2015 // Allianz Commercial has announced the promotion of Paul Higham to the position of property account manager. Higham’s appointment is the third appointment made in the newly aligned property and casualty team, said the...
Ironshore Names Whitehead Chief Underwriting Officer for Special Casualty
Jun 10 2015 // Ironshore Inc. has named Kevin Whitehead as executive vice president and chief underwriting officer of the Specialty Casualty unit. He will be responsible for setting underwriting guidelines and strategies for existing and...
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...
