Latest Casualty Headlines
All the headlines from our Casualty Topic Page, ordered by recency.
Higginbotham Expands Austin Property/Casualty Operations
Aug 5 2005 // Independent insurance brokerage firm Higginbotham & Associates announced the addition of sales associate Scott McGuire to its newest branch office, Austin, Texas. McGuire is the third addition this year, more than...
AMEX Enters N.J. Auto Insurance Market Via Internet Sales
Aug 1 2005 // AMEX Assurance Company,of the American Express Property Casualty companies, is now writing insurance policies in New Jersey. AMEX is entering the New Jersey market exclusively through the Internet. Its web site is...
Conning Forecasts Strong PC Insurance Results Through 2007
Jul 20 2005 // Property/casualty insurance industry results should be relatively strong from 2004 through 2007, according to a new study by Conning Research and Consulting Inc. “Our latest projections indicate a slightly better...
Oil Casualty Insurance in Bermuda Names Hutchings Senior VP, COO
Jul 20 2005 // George F. Hutchings has joined the OIL Group of Companies in Bermuda as senior vice president and chief operating officer of Oil Casualty Insurance Ltd. His professional career has taken him from corporate finance to...
RLI Sets Q2 Record
Jul 19 2005 // Illinois-based RLI Corp. second quarter net earnings of $34.4 million ($1.31 per diluted share) were 87% higher than the $18.4 million ($0.71 per diluted share) the company reported in the same quarter last year. Through...
Gregg has held a number of executive positions within Liberty Mutual’s commercial insurance operations since joining the
Jul 18 2005 // OneBeacon Insurance Group, a wholly owned subsidiary of White Mountains Insurance Group Ltd., announced that Mike Miller, its current chief operating officer, has been appointed president and chief executive officer....
People
Jul 18 2005 // The Ohio Casualty Insurance Co. announced that Ralph S. Michael III, 50, has been named president and chief operating officer of the company, effective July 25, 2005. Michael comes to the Fairfield, Ohio-based company from...
Drawert Honored with ICT’s Raymond Mauk Award
Jul 15 2005 // Jim Drawert, vice president and chief underwriting officer for The Republic Group, was presented the Raymond Mauk Leadership Award on July 14, at the Insurance Council of Texas’ 13th Annual Mid-Year Property and...
Best Affirms FSR for Max Re, Max Re Capital; Rates European Operations
Jul 13 2005 // A.M. Best Co. has affirmed the financial strength rating (FSR) of A- (Excellent) and the issuer credit rating (ICR) of “a-” for Max Re Ltd. (Max Re). A.M. Best has also affirmed the ICR of “bbb-” of...
Best Takes Various Actions on 52 Canadian P/C Insurers
Jul 11 2005 // A.M. Best Co. has affirmed the financial strength ratings of 36 Canadian insurers, downgraded the ratings of four, upgraded the ratings of nine and assigned ratings to three Canadian property/casualty insurers. These...
Best Reacts to XL Capital’s Reserve Charge Along with Possible Implications for All Reinsurers
Jul 11 2005 // A.M. Best Co. commented this week that while the most recent after tax reserve charge of $183 million falls within A.M. Best’s anticipated range of adverse loss development for XL Capital Group (XL Capital)...
AIG Excess Casualty Offers New Online Tool
Jul 5 2005 // AIG Excess Casualty, a division of the property and casualty insurance subsidiaries of American International Group Inc. (AIG), has rolled out a new online database of real-world claim scenarios designed to serve as an aid...
People
Jul 4 2005 // Columbus, Ohio-based Grange Insurance has promoted Alan D. Brannan to the new post of president of property/casualty for the Grange Mutual Casualty Group. In his new role, Brannan will oversee all property/casualty...
Treasury Report on Terrorism Insurance: Exec Summary
Jun 30 2005 // The following is the Introduction and the Executive Summary of the June 30, 2005 report from the Treasury Department on the Terrorism Risk Insurance Act of 2002 including its assessment of the act and recommendations for...
Grange Tabs Brannan as 1st President of Property/Casualty Operations
Jun 17 2005 // Columbus, Ohio-based Grange Insurance has promoted Alan D. Brannan to the new post of president of property/casualty for the Grange Mutual Casualty Group. In his new role, Brannan will oversee all property/casualty...
Bridgefield Casualty Adds Workers’ Comp to N.C. Market
Jun 12 2005 // Bridgefield Casualty Insurance Company, a subsidiary of Summit Holding Southeast Inc., announced that it is expanding its operations to North Carolina. Bridgefield Casualty is rated “A” (Excellent) by A.M. Best...
Burrus Named Casualty Actuaries of the Southeast President-elect
May 31 2005 // Hayden Burrus has been elected president-elect of the Casualty Actuaries of the Southeast, a regional affiliate of the Casualty Actuarial Society The announcement was made by AmCOMP, Inc. of North Palm Beach, Fla. Burrus,...
TDI Reports April Enforcement Actions
May 27 2005 // The Texas Department of Insurance announced enforcement actions taken by Commissioner Jose Montemayor that became final during the month of April. The actions include eleven license revocations, a license denials and fines...
Riczko Leaving Ohio Casualty as President of Insurance Operations
May 25 2005 // The Ohio Casualty Insurance Company reported the resignation of President of Insurance Operations Elizabeth (Beth) Riczko, 38, effective June 3, 2005. Riczko is leaving to pursue other interests. Ohio Casualty Corporation...
ACE USA Appoints Vincelette Sr. VP, Public Entity at Ace Casualty Risk
May 23 2005 // ACE USA, the U.S.-based retail division of The ACE Group of Cos., announced that Richard Vincelette has been named senior vice president, Public Entity, for ACE Casualty Risk. Based in Philadelphia, Vincelette will be...
