Latest Casualty Headlines

People

May 5 2008 // Grange Mutual Casualty Co. announced that Randy Montelone will retire at year end after 29 years of service with the company. Tom Welch, current president of Grange Life Insurance Co., a Grange subsidiary, assumes the role...

S&P Reports on the ‘Evolving World of Property/Casualty Securitizations’

May 2 2008 // A report from Standard & Poor’s Ratings Services analyzes the catastrophe bond and reinsurance sidecar markets, which, S&P concludes, have “experienced sharp surges of activity after 2005.”...

Integro Expands London Casualty Practice

Apr 25 2008 // Integro announced the hiring of two established brokers who will join the firm’s Casualty practice in London – Andrew Park and Jonathan Bines. Park brings considerable technical knowledge and 25 years broking...

Liberty Mutual to Acquire Safeco Insurance in $6.2B Deal

Apr 23 2008 // Liberty Mutual Group has agreed to acquire all outstanding shares of common stock of Safeco Corp. for $68.25 per share in cash in a deal that will make Liberty Mutual the fifth largest U.S. property/casualty insurer and...

Apr 21 2008 // People Mullis Newby Hurst L.P., an Addison, Texas-based provider of construction insurance and surety bonds in Texas, promoted Jan Johnson to senior vice president and director of insurance. Johnson, a 26-year veteran of...

AIG Rebrands Domestic Insurance Operations as P/C Group; Shuffles Executives

Apr 21 2008 // American International Group, Inc. has renamed its Domestic General Insurance operations the AIG Property Casualty Group, a move the company said reflects AIG’s corporate brand and an intention to provide a clearer...

White Papers and Blueprints: Agents Chart Their Own Regulatory Future

Apr 21 2008 // Independent agents hold onto market share, prepare for post-November election politics Insurance Journal‘s Editor-in-Chief Andrea Wells interviewed Robert Rusbuldt, CEO and president of the Independent Insurance...

Top 100 Property Casualty Independent Agencies

Apr 21 2008 // About This Report: The soft market had its effect on this year’s Top 100. But despite challenging soft market conditions, 15 of the privately-owned agencies and brokerages on Insurance Journal‘s Top 100...

Premium Growth: Top 25 P/C Premium Gainers in 2007 Versus 2006

Apr 21 2008 // President Calvin Coolidge noted that “All growth depends upon activity. There is no development physically or intellectually without effort, and effort means work.” That being the situation, the following 25...

WKF&C Agency Expands to Texas

Apr 18 2008 // Melville, New York-based managing general agent, WKF&C Agency Inc., announced it is expanding its nationwide casualty underwriting platform with the opening of a new office in Dallas, Texas. Industry veteran and...

AIG Names Executives for New Commercial Insurance Group

Apr 11 2008 // American International Group, Inc. (AIG) has named several executives to positions within its new AIG Commercial Insurance Group, formerly known as the Domestic Brokerage Group. AIG Commercial Insurance is part of the...

A.M. Best Affirms and Withdraws Ratings of Georgia-based Delta Fire & Casualty

Apr 10 2008 // A.M. Best Co. has affirmed the financial strength rating of B+ (Good) and issuer credit rating of “bbb-” of Atlanta-based Delta Fire & Casualty Insurance Company. The outlook for these ratings is stable....

AIG Rebrands Domestic Insurance as P/C Group; Shuffles Executives

Apr 7 2008 // Insurance giant American International Group, Inc. has renamed its Domestic General Insurance operations the AIG Property Casualty Group, a move the company says reflects the increasing power of AIG’s corporate brand...

Ohio Casualty Offers New Custom Protector Products

Apr 3 2008 // Ohio Casualty, a Liberty Mutual Agency Markets regional company, today announced the introduction of Custom Protector, a commercial lines product that offers more built-in coverages with significantly expanded...

Liberty Mutual Launches Specialty Products Group

Apr 3 2008 // Liberty Mutual Agency Markets has announced a new product line and distribution channel for its newly-created Specialty Products Group, which has been formed by the consolidation of Liberty Mutual Surety, the former Ohio...

Atlantic American Sells its Regional Property and Casualty Operations

Apr 1 2008 // Atlanta-based Atlantic American Corp. sold its regional property and casualty operations to Columbia Mutual Insurance Co. of Columbia, Mo. Included in the sale are Association Casualty Insurance Co,, Association Risk...

Chartwell Adds E&S Casualty Division to Arizona Office

Mar 27 2008 // Chartwell Independent Insurance Brokers LLC, a wholesale and specialty insurance broker focusing on high-risk, hard-to-place coverage, announced that it has added an Excess & Surplus (E&S) Casualty Division to...

Market Share Report: Top 25 Property/Casualty Insurers

Mar 24 2008 // The National Association of Insurance Commissioners released an updated version of the 2007 market share premium data for the top 25 insurers of select property/casualty lines of business. The report includes countrywide...

People

Mar 24 2008 // The Hartford’s Chief Financial Officer David M. Johnson plans to step down later this year. He has served as the company’s top financial officer since 2001, and will remain in the position until a successor is...

People

Mar 24 2008 // McQueary Henry Bowles Troy hired Jimmy Balagia as senior vice president in the firm’s property and casualty group in Austin. Balagia has 30 years of experience as a property and casualty broker/consultant and...