Latest Casualty Headlines
All the headlines from our Casualty Topic Page, ordered by recency.
P/C Insurers Boost Bottom Line on Big Gain in Underwriting Through 9 Months
Dec 23 2013 // Private U.S. property/casualty insurers’ net income after taxes rose to $43 billion in nine-months 2013 from $27.8 billion in nine-months 2012, with insurers’ overall profitability as measured by their...
Willis Appoints Peller Global Head of Casualty
Dec 23 2013 // Willis Group Holdings announced the appointment of Seth Peller to the newly created role of Global Head of Casualty, effective January 2014. He is based in New York and reports to Dominic Samengo-Turner, Global Head of...
United Property & Casualty Approved to Write in Georgia
Dec 20 2013 // The Georgia Department of Insurance has approved United Property & Casualty Insurance Co. (UPC) to write property/casualty insurance in the state as an admitted carrier. This brings the total number of states in the...
Best Affirms CNA Financial and Subs’ Ratings; Outlook Stable
Dec 20 2013 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of the property/casualty subsidiaries of CNA Financial Corporation (CNAF),...
Bushey Succeeds Powers As President of Carolina Casualty
Dec 9 2013 // W. R. Berkley Corp. has named Gerald B. Bushey as president of its subsidiary, Carolina Casualty Insurance Group. Bushey succeeds Douglas J. Powers, who is retiring. Based in Jacksonville, Florida, Carolina Casualty serves...
Marsh & McLennan Agency Acquires Michigan’s Cambridge Property & Casualty
Dec 3 2013 // Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh Inc., announced the acquisition of Cambridge Property & Casualty, based in based in Livonia, Mich., Founded in 1974, Cambridge provides...
Texas Regulators Post Summaries of Property/Casualty Insurance Bills for 2013
Dec 3 2013 // The Texas Department of Insurance has posted information and brief summaries of selected bills enacted during the 83rd Legislative regular session that relate to property/casualty insurance. The bills listed may require...
American Interstate Insurance, Silver Oak Casualty OK’d to Move to Nebraska
Dec 2 2013 // Insurance Director Bruce Ramge has approved the two property/casualty insurance companies to domicile in Nebraska. American Interstate Insurance Co. and its wholly-owned subsidiary, Silver Oak Casualty Inc., were...
Allied World Europe Appoints Burniston as Senior VP – Primary Casualty
Nov 21 2013 // Allied World Assurance Company Holdings, AG announced that Denis Burniston has been appointed senior vice president, General Casualty, for Allied World Europe to lead the company’s primary casualty operation in...
2013 State Specialist P/C Insurers Revealed
Nov 18 2013 // State Specialists are often an independent agent’s most reliable and consistent market. These companies are focused on a specific geographic area, understand it and consistently strive to serve it. The Demotech...
Horace Mann Announces Property/Casualty Leadership Changes
Nov 7 2013 // Springfield, Ill.-based Horace Mann Educators Corp. has named Stephen P. Cardinal to lead its property/casualty business as executive vice president, effective immediately. Cardinal succeeds Thomas C. Wilkinson, who will...
Gerik Elected President of Texas Assoc. of Fire/Casualty Insurance Cos.
Nov 5 2013 // Mike Gerik, executive vice president of the Texas Farm Bureau Insurance Cos., has been elected president of the Association of Fire and Casualty Companies in Texas (AFACT). Gerik, whose term as AFACT president runs for two...
P/C Insurers’ CFOs Point to Hardening Markets: Towers Watson
Nov 4 2013 // Chief financial officers with leading North American property/casualty insurers believe both property and casualty insurance markets are in the midst of hardening, according to a new North American Property & Casualty...
AIG’s Q3 Profit Advances 17% to $2.17B; Property/Casualty Sales Decline
Nov 1 2013 // American International Group Inc., the insurer that repaid a U.S. rescue last year, said third- quarter profit climbed 17 percent as underwriting margins improved at the property-casualty business. Net income rose to $2.17...
AIG Hires XL Group’s Maag as CEO of Europe, Middle East
Oct 25 2013 // American International Group Inc. hired Seraina Maag from XL Group Plc to run the Europe, Middle East and Africa region as Chief Executive Officer Robert Benmosche reshapes the insurer’s leadership. Maag, 45, will be...
Missouri Insurance Department Adds Lederer as Property/Casualty Actuary
Oct 24 2013 // The Missouri Department of Insurance announced that Julie Lederer has joined the department as the appointed Missouri property/casualty actuary. Lederer will support the Divisions of Insurance Company Regulation and...
P/C Insurers’ CFOs Point to Hardening Markets: Towers Watson Survey
Oct 22 2013 // Chief financial officers with leading North American property/casualty insurers believe both property and casualty insurance markets are in the midst of hardening, according to a new North American Property & Casualty...
XL Group’s Insurance Operations Grow in Dallas
Oct 17 2013 // XL Group announced an expansion of its insurance operations in Dallas. The company’s U.S. Risk Management business is setting up operations in Dallas and welcoming Gabriel Martinez as casualty underwriting director....
P/C Stock Valuations Unlikely to Improve Much in Near Term: Conning
Oct 10 2013 // While property/casualty insurance stock valuation levels are finally exceeding book values after four years of below-book levels, a near-term return to higher historical valuation levels is unlikely, according to a new...
Swiss Re’s Head of Casualty Jayne Plunkett Explains Why It’s a ‘Social Science’
Oct 8 2013 // Jayne Plunkett, possibly the second most well-known person from Iowa after Bill Bryson, heads Swiss Re’s International casualty reinsurance operations. In the interview she explains that, as you’re dealing with...
