casualty insurance News

Praedicat Develops Insurance Tool for COVID-19 Liability

Praedicat, the Los Angeles-based liability emerging risk modeling firm, has developed an insurance tool for the casualty insurance market, which allows insurers to track exposures, establish reserves, and manage aggregations in the face of this generation’s largest emerging risk, the …

How Lloyd’s Underwriters Are Viewing Today’s U.S. Casualty Insurance Environment

Today’s Lloyd’s of London market for casualty insurance is marked by rising prices, reduced capacity, and buyers embracing more self-insurance, according to underwriters at Lloyd’s. It is also marked by underwriters who still believe in the value of long-term relationships …

BHSI Hires Kidd from AIG as Head of Third Party Lines in Ireland

Berkshire Hathaway Specialty Insurance (BHSI) announced that Louise Kidd has joined its growing European team as head of Third Party Lines in Ireland. Kidd comes to BHSI with nearly two decades of industry experience with a focus on third-party lines. …

Coronavirus Pandemic Will Have Severe Impact on Social Inflation: Fitch’s Mazzuoli

Claims inflation for the commercial liability business will increase through 2020, although it was accelerating even before the coronavirus pandemic hit. This trend, known as social inflation, has led the insurance industry to reduce capacity and increase prices to try …

Liberty Specialty Names Rieger Head of Casualty Germany, Succeeding Offenhau

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has promoted Rainer Rieger as head of Casualty Germany. Rieger, who has worked with the company since 2015, is replacing Detlef Offenhau who recently retired from the role. “Rainer’s experience …

Willis Re Taps Moss from Lockton Re as Co-Head of Specialty Casualty Unit in London

Willis Re, the reinsurance division of Willis Towers Watson, announces the appointment of James Moss as co-head of Willis Re Specialty’s Casualty practice. In his role, Moss will work in tandem with Chirag Shah to lead Willis Re Specialty’s Casualty …

ArgoGlobal Names Shallow Head of Int’l Specialty, MacDonald Head of Non-U.S. Casualty

ArgoGlobal, the Lloyd’s insurer and member of Argo Group, announced the appointment of Jeremy Shallow as head of International Specialty and Ross MacDonald as head of non-U.S. International Casualty. Shallow reports to John Moffatt, active underwriter of Syndicate 1200, while …

Praedicat Develops Named Peril Casualty Insurance Product via Lloyd’s Lab

Praedicat, Inc., the Los Angeles-based liability risk analytics software company, announced it is developing a new insurance product designed to help global industrials secure coverage for innovative and essential products and chemicals that are typically excluded or under-insured in standard …

BHSI Forms Construction, Casualty Teams in France, Led by AXA XL’s Antiphon, Bonifay

Berkshire Hathaway Specialty Insurance (BHSI) announced it has commenced underwriting casualty and construction insurance in France and filled two key in-country leadership posts, naming Olivier Antiphon as head of Construction and Anne-Sophie Bonifay as head of Casualty. Antiphon comes to …

AFL Insurance Brokers Appoints Moretti from JLT as Director of Casualty

Independent Lloyd’s broker AFL Insurance Brokers Ltd. (AFL) has appointed of Julia Moretti as director – casualty, effective September 2018. Moretti joins the AFL team from JLT Reinsurance Brokers Ltd., where she was partner and senior casualty producer in the …