Latest Casualty Headlines
All the headlines from our Casualty Topic Page, ordered by recency.
CNA Select Risk Appoints Stark as VP, Casualty and Programs
Aug 23 2011 // Chicago-based CNA Select Risk, which includes excess and surplus (E&S) insurance business, as well as wholesale property accounts, has appointed Carol Stark as vice president of casualty and programs. Stark comes to...
Dudonis Named Vice President at United Fire & Casualty Co.
Aug 23 2011 // United Fire & Casualty Co., based in Cedar Rapids, Iowa, announced that East Coast Regional Office Branch Manager Ray Dudonis has been named vice president. Dudonis joined Mercer Insurance Group, a subsidiary of United...
Exclusive: Unreported Insurance Mergers
Aug 15 2011 // Editor’s Note: This article originally appeared in Insurance Journal’s Satire Issue, August 15, 2011. The content in this issue is not real and is not to be taken seriously. It’s supposed to be humorous....
Swiss Re Posts $960 Million Q2 Net Income; Combined Ratio 78.4%
Aug 4 2011 // Swiss Re reported Group net income increased by 18 percent to $960 million in the second quarter of 2011, compared to $812 million in the same period of 2010. “All segments contributed to these positive results,...
People
Aug 1 2011 // Joseph Waked was named CEO of Buena Park, Calif.-based Freeway Insurance, a subsidiary of New York-based Confie Seguros. He will have responsibility for California, Texas and Arizona. Waked replaces Freeway’s former...
Top 25 Carriers’ Premium Growth Jumps 11.4% Q1 2011 vs Q1 2010
Aug 1 2011 // Property/casualty insurance companies have faced tough economic decisions over the last few years. Experts and analysts have expressed concern over soft pricing exhibited in the underwriting cycle. To avoid the...
Morris Honored with Insurance Council of Texas Raymond Mauk Award
Jul 18 2011 // Dianne Morris, former president of the Association Casualty Insurance Co., was presented with the Raymond Mauk Leadership Award on July 15 at the Insurance Council of Texas’ 19th Annual Mid-Year Property and Casualty...
People
Jul 18 2011 // Bob Shepard, board chairman of Shepard Walton King Insurance Group in Harlingen, was installed as president of the Independent Insurance Agents of Texas for 2011-2012 during the association’s annual business meeting...
Ullico Casualty, Philadelphia Partner to Offer Surety to Union Contractors
Jul 11 2011 // Ullico Casualty Group, Inc. and Ullico Casualty Co. have formed a strategic alliance with property and casualty insurance carrier Philadelphia Insurance Cos. The partnership allows Philadelphia to deliver contract and...
People
Jul 4 2011 // Liberty Mutual Group’s Edmund F. Kelly retired from active management of the company on June 28. David H. Long is now president and CEO. Kelly will continue to serve as chairman of the board of Liberty Mutual Holding...
P/C Insurers’ Profits Fell in Q1 as Underwriting Losses Grew
Jul 4 2011 // Private U.S. property/casualty insurers’ net income after taxes dropped to $7.8 billion in first-quarter 2011 from $8.9 billion in first-quarter 2010, with insurers’ annualized rate of return on average...
People
Jul 4 2011 // Liberty Mutual Group’s Edmund F. Kelly retired from active management of the company on June 28, 2011. David H. Long replaced Kelly as president and CEO. Kelly will continue to serve as chairman of the board of...
Demotech Inc. Identifies 2011 Near National Property/Casualty Insurers
Jul 4 2011 // The original criteria and objective definition for Near National insurance carriers was established in the Feb. 12, 2007, issue of Insurance Journal. The Demotech Company Classification System categorizes insurers into one...
Casualty Actuaries Should Consider Foreign Customs, Economics, Politics
Jun 23 2011 // A bulletin from the Insurance Information Institute notes that a recent Casualty Actuarial Society seminar advises actuaries that when it comes to pricing global reinsurance business, it’s important to remember that...
Analysts Debate Outlook for Reinsurance Stocks
Jun 23 2011 // With reinsurance stocks trading below book value, equity analysts basically agree on the factors affecting these stocks but differ on their outlook on the sector. Property/casualty insurance analysts Meyer Shields, analyst...
P/C Insurers’ Profits Fell in Q1 as Underwriting Losses Grew
Jun 22 2011 // Private U.S. property/casualty insurers’ net income after taxes dropped to $7.8 billion in first-quarter 2011 from $8.9 billion in first-quarter 2010, with insurers’ annualized rate of return on average...
A.M. Best Downgrades Springfield Fire & Casualty Ratings
Jun 21 2011 // A.M. Best Co. has downgraded the financial strength rating to A- (Excellent) from A (Excellent) and issuer credit rating to “a-” from “a” of Springfield Fire & Casualty Co. of Springfield, Ill....
People
Jun 20 2011 // Iowa-based United Fire & Casualty Co. announced new executive appointments and the election of four new directors for full terms on its 12-member board. Denver Regional Office Underwriting Manager Jolene Grow was...
Catlin Re Switz. to Open Madrid Office; Augments Underwriting Staff
Jun 16 2011 // Catlin Re Switzerland, the continental European reinsurer of the Bermuda-based Catlin Group Limited, announced that as of July 1, 2011, it will underwrite treaty reinsurance business from a new office in Madrid, focusing...
Argus Fire & Casualty Closes its Doors
Jun 9 2011 // Some 9,000 Florida homeowners will have to seek coverage elsewhere after Argus Fire & Casualty Insurance agreed to cancel its policyholders after being taken over by the state. Argus Fire, a wholly-owned subsidiary of...
