Latest Casualty Headlines
All the headlines from our Casualty Topic Page, ordered by recency.
Emerald Bay Launches Co-Op and Condo Casualty Program with Vanderbilt Properties
Nov 15 2024 // Underwriting carrier Emerald Bay Risk Solutions announced a partnership with Vanderbilt Properties Associates, Inc., a risk purchasing group comprising a large portfolio of high-end residential and commercial real estate...
People Moves: Everest Insurance Appoints Corbo to Lead US Primary Casualty, Weiser to Lead US Excess Casualty
Nov 14 2024 // Nina Corbo Everest Insurance, the insurance division of Everest Group, headquartered in Warren, New Jersey, appointed Nina Corbo to lead U.S. primary casualty and Debbie Weiser to lead U.S. excess casualty. Corbo oversees...
People Moves: California Commissioner Makes Appointments to Advisory Committees; Braud Joins Aspire as VP of Casualty Claims
Nov 8 2024 // Commissioner Lara Makes Appointments to CAARP Advisory Committee, COIN Advisory Board, CEA Advisory Panel and Curriculum Board Ricardo Lara California Insurance Commissioner Ricardo Lara made several appointments to...
Marsh: US Commercial Insurance Rates Up 3% on Hikes in Casualty
Oct 24 2024 // Commercial insurance rates during the third quarter in the U.S. increased 3%, with casualty rates up 10%. According to Marsh’s Global Insurance Market Index — which noted the first decline in global commercial...
People Moves: HDI Global US Appoints Long as US Casualty Lead; Jenkins Joins Alliant Insurance Services as Senior Vice President
Oct 22 2024 // HDI Global U.S. Appoints Long as US Casualty Lead Thomas Long HDI Global Insurance Company (HGIC), the U.S. subsidiary of inter-national corporate and specialty insurer HDI Global SE (HDI), headquartered in Chicago,...
People Moves: Tokio Marine HCC Appoints Perez to Launch US Excess Casualty Business
Oct 17 2024 // Tokio Marine HCC (TMHCC), based in Houston, Texas, has announced the expansion of its specialty product offering with its entry into the Excess Casualty market. David Perez has been appointed as President, Excess Casualty,...
People Moves: LM Re Taps Vantage Risk’s Sweeney as Specialty Casualty Underwriting Mgr; Marsh Promotes Thomas-Ferrand to Lead Captive Insurance as Charnley Retires
Oct 17 2024 // This edition of International People Moves details appointments at Liberty Mutual Reinsurance and Marsh. A summary of these new hires follows here. LM Re Taps Vantage Risk’s Sweeney as Specialty Casualty Underwriting...
Property/Casualty Insurance Stocks Slump on Hurricane Milton-Related Fears
Oct 8 2024 // U.S. property and casualty insurance stocks tanked on Monday after Hurricane Milton intensified into a category 4 storm on its path towards Florida’s western coast, marking yet another costly disaster for the...
People Moves: Markel Appoints 2 Senior Underwriters, 1 Claims Manager for International Casualty Team; BHSI Announces 2 Promotions in Global, UK Casualty Teams
Oct 2 2024 // This edition of International People Moves details appointments at Markel and Berkshire Hathaway Specialty Insurance (BHSI). A summary of these new hires follows here. Markel Appoints 2 Senior Underwriters, 1 Claims...
People Moves: AIG Appoints Walsh CFO; Rokstone Names Baker Deputy Head of US Casualty; Applied Underwriters Hires, Promotes Leadership
Sep 20 2024 // AIG Appoints Walsh Executive Vice President, Chief Financial Officer Keith Walsh American International Group, Inc. (AIG), headquartered in New York City, named Keith Walsh as executive vice president and chief financial...
AM Best Downgrades Credit Ratings of Texas Farm Bureau Casualty Insurance Co.
Sep 18 2024 // AM Best has downgraded the Financial Strength Rating (FSR) to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “bbb+” (Good) from “a-” (Excellent) of Texas...
Reinsurance Outlook to ‘Neutral’; US to Push for Double-Digit Casualty Increases
Sep 16 2024 // Fitch Ratings said reinsurers are likely to push for double-digit U.S. casualty rate increases during January renewals to keep up with loss trends from social inflation. The rating agency in a new report changed its...
People Moves: JM Wilson Hires Musolf and Hudson as Assistant Property & Casualty Underwriters; Group Captive Program Leader Albian Joins Ryan Alternative Risk
Sep 12 2024 // Savana Musolf JM Wilson, headquartered in Portage, Michigan, hired Savana Musolf and Lisa Hudson as assistant property and casualty underwriters. Lisa Hudson Musolf works with independent insurance agents and company...
People Moves: BMS Re Names Mirabal Latin American and Caribbean CEO; Zurich Asia Pacific Hires Heads of Financial, Casualty Lines
Sep 9 2024 // Specialty reinsurer BMS Re announced the appointment of Anthony Mirabal as CEO of the Latin America and Caribbean (LAC) Division, effective November 2024. Mirabal has more than 30 years of experience in reinsurance, first...
Moody’s Acquires Praedicat to Add Casualty and Liability Models
Sep 5 2024 // Moody’s Corp. today said it acquired analytics firm Praedicat. The acquisition adds casualty and liability modeling to Moody’s range of market leading solutions for the insurance industry. Terms of the deal...
The U.S. Property & Casualty Crisis: How It’s Going for Insurers and the States They’ve Left
Aug 20 2024 // This post is part of a series sponsored by AgentSync. America’s home insurance crisis By now, if you haven’t heard about insurance companies (large and small) and their max exodus from the most risky states,...
People Moves: Rokstone Appoints Burrow Head of US Excess Casualty; Canopius Hires Mills to Head US Casualty
Aug 19 2024 // Larry Burrows Rokstone, part of the Aventum Group, appointed Laurence (Larry) Burrows as head of a new US Excess Casualty division. Burrows has over 15 years of experience specializing in US casualty, latterly as a...
People Moves: Everest Launches Global Broker Management Team Led by Izzo; Evolin Broking Launches Casualty Division With 3 Senior Hires
Aug 12 2024 // This edition of International People Moves details appointments at re/insurer Everest Group and Evolin Broking. A summary of these new hires follows here. Everest Launches Global Broker Management Team Led by Izzo Everest...
People Moves: Markel Announces 2 Key Hires for International Casualty Team; Howden Re Taps Gruen From AXIS as Head of Cyber Threat Intelligence
Aug 7 2024 // This edition of International People Moves details appointments at Markel and Howden Re. A summary of these new hires follows here. Markel Appoints 2 Key Hires for International Casualty Team Markel, the insurance...
Jewelers Mutual Acquiring Union Life & Casualty Insurance Agency in Arizona
Jul 24 2024 // Jewelers Mutual Group acquired Union Life & Casualty Insurance Agency in Phoenix, Arizona. JM Insurance Agency Partners Inc., a Jewelers Mutual Group company, will join with UL&C. UL&C has been in the insurance...
