Latest Casualty Headlines
All the headlines from our Casualty Topic Page, ordered by recency.
Management Shifts at Georgia Casualty, Association Casualty
Nov 30 2006 // Georgia Casualty & Surety Co. and Association Casualty Insurance Co. – properties of Atlantic American Corp. – announced management changes in itheir regional property and casualty operations. Effective...
Guy Carpenter Names Gralton to Head U.S. Casualty Wholesale Unit
Nov 29 2006 // Guy Carpenter & Company, Inc., a risk and reinsurance specialist and a part of the Marsh & McLennan Companies, has named Nick Gralton as head of its U.S. wholesale casualty operation. Gralton will be based in...
MHBT Appoints Jarrell as Senior VP in Property/Casualty Group
Nov 22 2006 // Dallas-based insurance and risk management firm McQueary Henry Bowles Troy L.L.P. (MHBT) announced that Rick Jarrell has joined the Dallas office of MHBT as senior vice president in the property and casualty group. His...
Casualty Actuaries Elect Myers President
Nov 21 2006 // Thomas G. Myers, vice president of product management at High Point Safety and Insurance Management Corp., began his term as president of the Casualty Actuarial Society at the organization’s annual meeting. Myers...
Florida Property & Casualty Insurance Reform Committee Recommendations
Nov 20 2006 // Hurricane Catastrophe Fund Keep the current retention level but consider offering coverage below the retention level/attachment point (first layer of coverage) on a voluntary basis to all admitted companies participating...
People, partnerships lead to nearly a century of success
Nov 20 2006 // Good people can make or break a company. In San Diego-based Barney & Barney’s case, it’s clearly made it; the company has been in business for nearly a century, thanks to people who have invested their...
Florida Property & Casualty Insurance Reform Committee Recommendations
Nov 19 2006 // Hurricane Catastrophe Fund 1. Keep the current retention level but consider offering coverage below the retention level/attachment point (first layer of coverage) on a voluntary basis to all admitted companies...
People, partnerships lead to nearly a century of success
Nov 19 2006 // Good people can make or break a company. In San Diego-based Barney & Barney’s case, it’s clearly made it; the company has been in business for nearly a century, thanks to people who have invested their...
Hannover Re Posts $486 Million Half-Year Net Income
Nov 15 2006 // Germany’s Hannover Re joined the expanding list of large reinsurers who are having a pretty good year due to the decline in natural catastrophes. The Group earned €380 million ($486 million) in the first six months...
ACE Names Stanway UK, Ireland Casualty Risks Manager
Nov 15 2006 // ACE announced the appointment of John Stanway as its UK & Ireland Regional Major Risks Casualty Manager. He joins the Company from Chubb, where he was most recently Regional Casualty Manager. Prior to Chubb, Stanway...
Max Re Posts $26.5 Million Q3 Net Income; Names Becker Chairman, CEO
Nov 14 2006 // Bermuda-based Max Re Capital Ltd. reported net income for the three months ended September 30, 2006 of $26.5 million, or $0.42 per diluted share, compared to a net loss of $44.2 million, or $0.96 per diluted share, for the...
First American Property & Casualty Insurance CIO Named Elite 8
Nov 10 2006 // Santa Ana, Calif.-based First American Property & Casualty Insurance Co. a member of The First American Corp. family of companies, announced that Jim Court, vice president and chief information officer of First...
Colorado Casualty Adds Real-Time Functions for Agents
Nov 7 2006 // Colorado Casualty, a member of Liberty Mutual Group based in Denver, has added real-time policy inquiry, endorsement quoting, and electronic endorsement submissions to the roster of functions available through Personal IQ,...
Consumer group says property-casualty rates drop ‘irrespective’ of tort reform enactment
Nov 6 2006 // There is continuing evidence that the skyrocketing insurance rates of 2000 to 2003 have led to record industry profits, but commercial insurance rates have stabilized or dropped in almost every sector, including medical...
Consumer group says property-casualty rates drop ‘irrespective’ of tort reform enactment
Nov 5 2006 // There is continuing evidence that the skyrocketing insurance rates of 2000 to 2003 have led to record industry profits, but commercial insurance rates have stabilized or dropped in almost every sector, including medical...
Agents Should be Unaffected by Pending Sale of Merchants Group
Nov 2 2006 // Merchants Group, Inc. in Buffalo, N.Y., which sells property casualty insurance through Merchants Insurance Co. of New Hampshire, has agreed to be bought by American European Group, Inc, a private insurance holding...
The Hartford’s Net Income Jumps 41% for Third Quarter
Oct 30 2006 // The Hartford Financial Services Group, Inc. reported record third quarter 2006 net income of $758 million, or $2.39 per diluted share — a sizable 41 percent boost over the same quarter last year. The Hartford’s...
Aon Moves On Exit Plan, Announces Sale of Construction Program
Oct 25 2006 // Chicago-based Aon Corp. today announced that it has taken further steps to exit its property & casualty underwriting business by signing a letter of intent for the sale of its Construction Program Group (CPG). Aon...
Troubled Washington Casualty Co. sold after three years
Oct 23 2006 // Washington Insurance Commissioner Mike Kreidler has sold Washington Casualty Co. of Issaquah, Wash., what he called a financially troubled liability insurer of rural hospitals and medical centers and that he has operated...
People
Oct 23 2006 // The Society of Chartered Property Casualty Underwriters elected new officers and governors. They are: President Betsey L. Brewer, senior vice president of The Rule Co. in Pasadena, Calif. President-Elect James L. Britt,...
