Latest Casualty Headlines
All the headlines from our Casualty Topic Page, ordered by recency.
NFP Acquires Insurance Management Associates in New Jersey
Sep 1 2015 // NFP, a New York City-based provider of employee benefits, property/casualty insurance, retirement and wealth management services, announced today that it has acquired Insurance Management Associates (IMA) in Voorhees, New...
Lloyd’s Casualty Reinsurance Underwriters Concerned History Repeating Itself
Sep 1 2015 // Lloyd’s international casualty reinsurance underwriters are running the risk of repeating the same mistakes that have placed the market in difficulty in the past, according to a new straw poll of Lloyd’s...
Auto-Owners Insurance Acquires North-Carolina Based Atlantic Casualty
Aug 26 2015 // Strickland Insurance Group, Inc. has reached a definitive agreement for Atlantic Casualty Insurance Co., based in Goldsboro, N.C., to be acquired by Auto-Owners Insurance Group of Lansing, Mich. According to Bobby...
Everest Re Names Germano, Morelli to U.S. Specialty Casualty Posts
Aug 19 2015 // Everest Re Group, Ltd. announced two leadership appointments to its U.S. Insurance Specialty Casualty Operation. Connie Germano has been appointed leader of the U.S. Specialty Casualty Operation, responsible for the...
UPDATE: Tianjin Blast Claims Could Top Estimates, Strain Chinese Insurers
Aug 18 2015 // Insurance claims from the devastating explosions at the Chinese port of Tianjin last week could exceed initial estimates and strain the finances of regional insurers, credit ratings agency Fitch said on Tuesday. Credit...
Florida Approves Removal of Up to 280,857 Policies From Citizens
Aug 12 2015 // The Florida Office of Insurance Regulation announced today that it has approved the removal of up to 279,357 personal residential policies and 1,500 commercial residential polices from Citizens Property Insurance...
Beecher Carlson Promotes Flynn to National Casualty Claims Leader
Aug 11 2015 // Beecher Carlson Insurance Services, LLC, a specialized large account insurance broker, has promoted Suzanne Flynn to managing director and leader, National Casualty Claims. Flynn will lead the claims team while providing...
Berkshire Insurance Units Slump in Q2
Aug 10 2015 // Warren Buffett’s Berkshire Hathaway Inc. posted second-quarter profit that missed analysts’ estimates because of higher claims costs at insurance units including Geico. Net income dropped 37 percent to $4.01...
Starr Names AIG’s Conway as Senior VP for Specialty Casualty
Aug 5 2015 // Dan Conway has joined global insurer Starr Companies as senior vice president for Specialty Casualty. Conway will assume overall responsibility for the Construction, Excess Construction and the Defense Base Act (DBA)...
AIG Insurance Results Down in Q2; CEO Sees Opportunity in ACE-Chubb
Aug 4 2015 // American International Group Inc. (AIG) today reported net income of $1.8 billion for the quarter ended June 30, 2015, compared to $3.1 billion, for the second quarter of 2014. Second quarter net income declined primarily...
NFP Acquires BWD Group in New York
Aug 3 2015 // NFP, a New York City-based provider of employee benefits, property/casualty insurance, retirement and wealth management services, announced today its acquisition of BWD Group LLC in Plainview, New York. Terms of the...
Universal Property & Casualty Approved as Licensed Insurance Entity in Va.
Jul 23 2015 // Universal Insurance Holdings Inc. in Fort Lauderdale, Florida, announced on July 21 that its wholly-owned subsidiary Universal Property & Casualty Insurance Company (UPCIC) received a certificate of authority from the...
Crawford Names Daniel VP of U.S. Property & Casualty Client Development
Jul 23 2015 // Dan Daniel Crawford & Company has named Dan Daniel as vice president, U.S. Property & Casualty client development. He formerly served as vice president of Catastrophe Services for U.S. Property & Casualty for...
Midwest Employers Casualty Adds Anderson as Director, Group Captives
Jul 21 2015 // St. Louis-based Midwest Employers Casualty Co. (MECC), a W. R. Berkley Co., announced that David R. Anderson has joined MECC as underwriting director of the recently formed workers’ compensation captive...
Midwest – People
Jul 20 2015 // Church Mutual Insurance Co., based in Merrill, Wis., added Laura J. Hughes as chief marketing officer. She has more than 20 years of experience and an emphasis on the financial services industry. Prior to joining Church...
Chappell Joins Lockton as Property/Casualty COO in Dallas/Ft. Worth
Jul 14 2015 // Insurance broker Lockton has added Jay Chappell in its Dallas/Ft. Worth operations as chief operating officer for its property/casualty business. Chappell will provide leadership and strategic business oversight for client...
ACE Launches Casualty & Fire Cover for Fashion Firms in Spain & Portugal
Jul 14 2015 // ACE Group has launched ACE Moda TM, a packaged insurance product designed to cover the casualty and fire risks of companies in the fashion retail sector as it continues to develop its proposition for retail and luxury...
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...
