Latest Casualty Headlines
All the headlines from our Casualty Topic Page, ordered by recency.
XL Group Launches New Umbrella Casualty Form
Apr 10 2012 // XL Group plc’s Excess Casualty’s North American Umbrella team has launched a new umbrella policy form. The enhanced “A/B Umbrella” form offers two insuring agreements in one policy. Insuring...
Rondeau, Moreno Join Atlantic Casualty
Apr 10 2012 // Goldsboro, North Carolina-based Atlantic Casualty Insurance Co. has added two executives. Jeanne Rondeau has joined the Atlantic Casualty team as regional vice president of the western region. Rondeau was most recently...
160-Year Old Hanover Retaking Its Place as P/C Industry Leader
Apr 3 2012 // Eight out of 160 years of history may not seem like a big deal but for Hanover Insurance Group, founded in 1852, the last eight years have seen a series of big deals. Eight years ago in 2004, the $2.4 billion heavily...
People
Mar 19 2012 // Edgewood Partners Insurance Center, a retail property, casualty and employee benefits insurance brokerage, named Hilton Brown to oversee client claims and advocacy in the company’s California offices in Los Angeles...
Poms Names Flannery VP of Property/Casualty in Southern California
Mar 12 2012 // Woodland Hills, Calif.-based Poms & Associates Insurance Brokers Inc. named Martin V. Flannery vice president in the property/casualty group in its Woodland Hills office. Prior to joining Poms & Associates,...
People
Mar 5 2012 // St. Louis, Mo.-based Safety National Casualty Corp., an excess workers’ compensation provider and a writer of multi-line large casualty business, announced that Matthew Hartmann has joined the company as regional...
Southeast Business Moves
Feb 20 2012 // BB&T Corp, Crump North Carolina-based BB&T Corp. is buying the property/casualty and life insurance units of Roseland, N.J.- based insurance wholesaler Crump Group. BB&T said it will pay $570 million in cash...
Hartmann Joins Safety National’s Large Casualty Unit in Chicago
Feb 15 2012 // St. Louis, Mo.-based Safety National Casualty Corp., an excess workers’ compensation provider and a writer of multi-line large casualty business, announced that Matthew Hartmann has joined the company as regional...
Poms Names Mahl SVP of Property & Casualty in Southern California
Feb 10 2012 // Woodland Hills, Calif.-based Poms & Associates Insurance Brokers Inc. has named Robert Mahl senior vice president of its property/casualty group in the firm’s Woodland Hills office. Mahl was previously vice...
Baucher Joins Argo’s Paris Team to Manage Casualty & Financial Lines
Feb 7 2012 // Argo Group International Holdings announced that Valerie Baucher has joined Argo Assurances, the Argo Group’s Paris-based underwriting platform for large specialty risks. She will lead a financial lines and casualty...
Ironshore Specialty Casualty Introduces Program for Firearm Risks
Feb 6 2012 // Ironshore Inc. has announced that its Specialty Casualty unit will provide casualty coverages for Cochrane and Company’s new Ammunition and Rifle Manufacturing Specialist Program. Additional coverage enhancements...
People
Feb 6 2012 // Centennial, Colo.-based Colorado Casualty has named Lucas J. Bills as president and chief executive officer of the commercial lines company, which operates in Arizona, Colorado, Nevada, New Mexico, Utah and Wyoming. Bills...
BB&T to Acquire P/C, Life Insurance Units of Wholesaler Crump Group
Feb 3 2012 // North Carolina-based BB&T Corp. is buying the property/casualty and life insurance units of Roseland, N.J.- based insurance wholesaler Crump Group. Under the terms of the agreement, BB&T said it will pay $570...
A.M. Best Downgrades Peachtree Casualty Due to Florida Auto Results
Jan 30 2012 // A.M. Best has downgraded the financial ratings of Peachtree Casualty Insurance Co., citing the insurer’s poor underwriting results due in part to rising costs associated with Florida’s troubled no-fault...
Bills Named Colorado Casualty President and CEO
Jan 25 2012 // Centennial, Colo.–based Colorado Casualty has named Lucas J. Bills as president and chief executive officer of the commercial lines company, which operates in Arizona, Colorado, Nevada, New Mexico, Utah and...
January P/C Reinsurance Renewals Flat or Up Slightly: Towers Watson
Jan 25 2012 // January 1 renewal rates for U.S. property/casualty reinsurance premiums showed firming with changes from -5 percent to +5 percent on an overall basis, with loss-affected property catastrophe business up considerably...
People
Jan 23 2012 // Woodbury, N.Y.-based Sterling & Sterling appointed Leslie Nylund as president of the insurance brokerage. Nylund will be responsible for the firm’s operations, including sales, employee benefits, client services...
Despite Heavy Catastrophe Losses, Top 25 P/C Insurers Report Premium Growth, Net Income Through Third-Quarter 2011
Jan 23 2012 // Amid the continued difficult economic conditions, a heightened frequency of catastrophic events in 2011 has resulted in nearly $40 billion of losses to insurers. The losses associated with these catastrophes have been...
Starr Companies Hires AIG Exec to Lead Defense Base Act Coverages
Jan 20 2012 // Starr Companies has appointed Shane McCaffrey as profit center manager in charge of Defense Base Act and foreign casualty insurance for U.S.-based multinationals. Starr Companies said Defense Base Act and foreign casualty...
Oklahoma’s GHS Property and Casualty Insurance Co. Ratings Downgraded
Jan 19 2012 // A.M. Best Co. has downgraded the financial strength rating to B++ (Good) from A- (Excellent) and issuer credit rating to “bbb+” from “a-” of GHS Property and Casualty Insurance Co. (GHS), located in...
