Latest Casualty Headlines
All the headlines from our Casualty Topic Page, ordered by recency.
Purchase Brings Ratings Review of Louisiana’s Imperial Fire and Casualty
Jun 30 2014 // A.M. Best has placed under review with positive implications the financial strength rating (FSR) of B+ (Good) and the issuer credit rating (ICR) of “bbb-” of Imperial Fire and Casualty Insurance Company...
Barry Named Director of Property/Casualty Underwriting at J.M. Wilson
Jun 25 2014 // Managing general agency and surplus lines broker J.M. Wilson, based in Portage, Mich., promoted Roxanne Barry, to director of property and casualty underwriting. Roxanne Barry In addition to her role as property and...
XL’s Excess Casualty Business Adds Damsky in Northern California
Jun 19 2014 // XL Group’s global excess casualty team has added Joanne Damsky as a senior underwriter in San Francisco. Damsky reports to Matt Stitham, vice president of excess casualty’s Western zone. Damsky has 20 years of...
Texas Property/Casualty Symposium to Focus on Insurance Industry Changes
Jun 19 2014 // The Insurance Council of Texas (ICT) will host its 22nd Annual Mid-Year Property & Casualty Symposium in Austin on July 17. Speakers include industry leaders from the Insurance Information Institute (III), the...
Best Affirms Gen Re and Subs Ratings; Outlook Stable
Jun 18 2014 // A.M. Best has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aa+” of General Reinsurance Corporation, headquartered in Stamford, Connecticut,...
How New Capital is Changing P/C Industry and What To Do About It
Jun 17 2014 // As waves of capital reshape reinsurer’s business model, the property/casualty insurance industry needs to change although exactly how remains a matter of debate. Reinsurers face a growing threat from the capital...
Is Yours a Top 100 Property/Casualty Independent Agency?
Jun 16 2014 // Find out by submitting your entry for the 2014 Insurance Journal Top Property/Casualty Agencies Listing. There are four ways to qualify: 1. Top 100 Independent P/C Agencies 2. Top Commercial Lines Independent Agencies 3....
How Healthcare Reform Is Challenging Medical Malpractice
Jun 16 2014 // Though the impact of the Affordable Care Act (ACA) on medical malpractice insurance remains a bit of a puzzle, three insurance experts pieced together likely effects at an insurance conference for actuaries in late...
Under New CEO Hancock, Smaller AIG Expected to Focus on Growth
Jun 11 2014 // American International Group Inc. promoted Peter Hancock to chief executive officer as the company focuses on growth after his predecessor stabilized the insurer and paid back a 2008 government bailout. Hancock, 55,...
Deemed Insolvent, Ratings of Interstate Bankers Casualty Downgraded
May 30 2014 // A.M. Best has downgraded the financial strength rating to E (Regulatory Supervision) from C- (Weak) and the issuer credit rating to “rs” from “cc” of Interstate Bankers Casualty Co. (Interstate...
Various Factors Contributing to Stability in Property/Casualty Insurance Market
May 29 2014 // The federal terrorism risk insurance backstop, in place in one form or another since 2002, will likely be reauthorized by Congress, and in the absence of a major catastrophe — man-made or otherwise — the current...
XL Adds 4 to East Coast Excess Casualty Teams
May 29 2014 // XL Group has enhanced its excess casualty teams in New York and Atlanta to accommodate its continued growth and sharpened focus on target industries – real estate, hospitality, grocers, restaurants and retail. In New...
Liberty Mutual Names Sr. Underwriting Manager for Excess Casualty in Northeast
May 28 2014 // Keith PooporLiberty Mutual Insurance’s Specialty Excess Casualty operation has appointed Keith Poopor as senior underwriting manager for excess casualty in the Northeast. In his new role, Poopor will lead the...
Best Upgrades Travelers and Most Subs Ratings; Outlooks Stable
May 27 2014 // A.M. Best has upgraded the financial strength rating (FSR) to ‘A++’ (Superior) from ‘A+’ (Superior) and the issuer credit ratings (ICR) to “aa+” from “aa” of the...
Allied World Offers Casualty Lines for Canadian Market
May 14 2014 // Allied World Assurance Co. Holdings has launched an initial property /casualty offering in the Canadian market. Gord Kerr, senior vice president, chief agent and branch manager, will oversee the buildout of these lines and...
Mitchell Joins Casualty Team at Aspen US
May 12 2014 // Aspen US Insurance has appointed Roxanne Mitchell as executive vice president and chief casualty officer. She will report to Bob Rheel, executive vice president and head of U.S. Property Casualty. Mitchell has a 35-year...
XL’s North America Primary Casualty Adops New Name
Apr 28 2014 // XL Group announced that XL Group’s North America Primary Casualty business is operating under a new banner—Global Risk Management. XL’s Global Risk Management team works to build risk management programs,...
2013 P/C Insurers’ Results Show Net Gain on Underwriting– First Since 2007
Apr 21 2014 // U.S. property/casualty insurers’ net income after taxes grew to $63.8 billion in 2013 from $35.1 billion in 2012, with insurers’ overall profitability as measured by their rate of return on average...
Fabors Named President of Texas-Based RISC
Apr 8 2014 // Dallas, Texas – based RISC announced that Shawn O. Fabors was named president of the company upon the retirement of William D. Staub, Jr. The transition was effective Apr. 1, 2014. Staub joined RISC as president in...
Chubb Appoints Draper as UK & Ireland Casualty Manager
Mar 24 2014 // Chubb Insurance Company of Europe SE has announced the appointment of Dave Draper to the role of UK & Ireland Casualty Manager. Andy Francis, Chubb UK & Ireland Commercial Manager noted his “experience and...