Latest Casualty Headlines

Aug 22 2005 // The Independent Insurance Agents & Brokers of New York Inc. recently announced the promotion of six staff members at the statewide trade association, effective Aug.1. IIABNY, which represents more than 18,000...

Atlantic American Unveils Q2 Numbers

Aug 18 2005 // Atlanta-based Atlantic American Corp. announced net income of $1.2 million, or $0.04 per diluted share, for the second quarter ended June 30, 2005, compared to net income of $1.1 million, or $0.04 per diluted share, for...

Universal Casualty Appoints Milton O. Johnston for CGL

Aug 17 2005 // Universal Casualty Company, a member of Kingsway Financial Services Inc., announced the appointment of Milton O. Johnston and Company Ltd. of Houston, Texas, as an underwriting general agent to write CGL business in the...

Safety National Casualty Acquires ERC’s Excess Comp Book

Aug 10 2005 // Safety National Casualty Corporation has acquired renewal rights to the excess workers’ compensation business of Employers Reinsurance Corporation (ERC). The St. Louis, Mo.-based company l will immediately begin...

N.Y., Conn., N.J. Agents Pick Best-Performing Insurance Companies

Aug 8 2005 // Asked to evaluate insurers in 16 performance categories, agents in the tri-state region of Connecticut, New York and New Jersey rated 14 insurance companies as overall best performers. The winners, in no particular order,...

N.Y., Conn., N.J. Agents Pick Best-Performing Insurance Companies

Aug 8 2005 // Asked to evaluate insurers in 16 performance categories, agents in the tri-state region of Connecticut, New York and New Jersey rated 14 insurance companies as overall best performers. The winners, in no particular order,...

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...