Latest Casualty Headlines
All the headlines from our Casualty Topic Page, ordered by recency.
ACE Expands M&A Practice, Appoints North America Practice Leader
Mar 7 2014 // The ACE Group has expanded its Mergers and Acquisitions (M&A) Practice into a Private Equity Practice concentrating on insurance options for private equity firms, their portfolio companies as well as their M&A...
MacDonald to Head Miller’s New Combined P&C Team
Feb 27 2014 // UK specialist insurance and reinsurance broker Miller Insurance Services LLP announced that it is combining its property and casualty specialists into one business area headed by Ken MacDonald. Miller said the new...
ACE Appoints Hofman-Bang as Denmark Casualty Manager
Feb 26 2014 // The ACE Group has announced the appointment of Anders Mølbjerg Hofman-Bang to the role of Casualty Manager, Denmark as part of a program of investment to further strengthen its proposition for corporate clients across the...
Work First Casualty Names Schumacher Vice President in Oregon
Feb 24 2014 // Klamath Falls, Ore.-based Work First Casualty Co. named Brian Schumacher vice president of information services. Schumacher, who previously served as director of information services, will be responsible for spearheading...
How ACA Healthcare Law Could Affect P/C Insurance Costs and Claims
Feb 21 2014 // The property/casualty insurance industry is likely to face cost shifting by hospitals, physicians and other medical providers due to the Patient Protection and Affordable Care Act (ACA), according to an insurance industry...
AXA Profit Rises 10% in 2013 on Life, Property and Casualty
Feb 21 2014 // AXA SA, Europe’s second-largest insurer, posted a 10 percent increase in 2013 profit on higher earnings at its life and savings and property and casualty divisions. Net income rose to €4.48 billion ($6.15 billion)...
AIG Launches Cross-Border Casualty Risk Product for Multinational Companies
Feb 19 2014 // American International Group, Inc. (AIG) has launched its Global Casualty Single Solution (GCSS), a new product to cover cross-border casualty risks for U.S.-based multinational companies. The product is designed for...
Willis’ Casualty Head Comments on Inflow of New Capital for Casualty Re Market
Feb 19 2014 // Capital is pouring into the casualty reinsurance market from both traditional property catastrophe reinsurers looking to offset rate reductions in their own sphere, and now also from the capital markets, according to...
AIG Cutting Jobs, Moving Others to Lower Cost Cities
Feb 14 2014 // American International Group Inc. Chief Executive Officer Robert Benmosche is increasing returns for shareholders as he targets job cuts to simplify the firm. AIG boosted its quarterly dividend by 25 percent to 12.5 cents...
Kemper Corp. Realigns P&C Group
Feb 12 2014 // Kemper Corp. is realigning its property & casualty business. This realignment will result in one property & casualty segment for financial reporting purposes, beginning with the first quarter 2014. The new Kemper...
Cowles & Connell of N.J. Adds Dooskin as Property/Casualty Broker
Feb 6 2014 // Cowles & Connell of N.J. announced the addition of Darren Dooskin to the position of associate vice president and property/casualty broker. Dooskin will be responsible for the marketing and production of...
Ironshore Appoints London-Based Horton as Director U.S. Liability Risks
Feb 3 2014 // Bermuda-based Ironshore International has appointed Chris Horton to a new position as Director of Underwriting for U.S. Liability risks, including Specialty Casualty, IronPro, IronHealth and Environmental business lines....
Part II – Reinsurance: Emerging Markets and Risks – the Road Ahead
Jan 27 2014 // As detailed in Part I, the reinsurance industry faces the task of partially reinventing itself to expand in those sectors where it can achieve growth. Property catastrophe coverage isn’t off the table, but it’s...
Ironshore Launches Admitted Coverage for U.S. Companies Operating Overseas
Jan 15 2014 // Ironshore’s U.S. Specialty Casualty unit has launched a new coverage option for U.S.-based companies with overseas operational risk exposure. Ironshore International Connect will provide excess casualty coverage for...
Dalton Joins Southwest Risk as Casualty Broker
Jan 15 2014 // ClearView Risk Holdings LLC, the Dallas-based holding company of Southwest Risk LP, announced that Jason Dalton has joined Southwest Risk as a casualty broker with an emphasis on the transportation segment. Dalton has more...
PCI Elects Southern Farm Bureau Casualty’s Wallace to Board of Governors
Jan 15 2014 // The Property Casualty Insurers Association of America (PCI) has elected Duff Wallace, president and chief executive officer of Southern Farm Bureau Casualty Insurance Co., to its board of governors. Wallace assumed the...
Missouri-Based Safety National Casualty Realigns Management Team
Jan 14 2014 // Safety National Casualty Corp., based in St. Louis, Mo., has announced management changes and realignment of responsibilities that are scheduled to take effect on March 1, 2014. Chief Executive Officer Mark Wilhelm will...
Berkshire Hathaway Specialty Adds Primary Casualty Construction Capabilities
Jan 9 2014 // Berkshire Hathaway Specialty Insurance (BHSI) is expanding its construction casualty capabilities to include primary casualty insurance. The company now offers primary general liability, excess and umbrella coverage for...
Toole Named President of Worth Casualty
Jan 7 2014 // Michael G. Toole (Mike) has accepted the position of president of Fort Worth, Texas-based Worth Casualty Co., effective Jan. 1, 2014, the company announced. Worth Casualty Co. and its affiliated companies –...
Swett & Crawford Adds Broker to Casualty Practice Group in Boston
Jan 6 2014 // Swett & Crawford, part of Cooper Gay Swett & Crawford (CGSC), a global wholesale and reinsurance broking group, appointed Ed Frackiewicz as broker for the casualty practice group in Boston. Frackiewicz began his...
