casualty insurance News

W.R. Berkley Suspends Marine Underwriting in London: Sources

W.R. Berkley has put under review and is suspending underwriting for its London marine book until it can determine the direction of this business going forward, Insurance Journal can reveal. W/R/B Underwriting, the company’s Lloyd’s managing agent, is suspending its …

Low Prices Ultimately Could Bite London Market Insurers: A.M. Best, PwC Reports

The business outlook for the London insurance market is a familiar one across other global markets: underwriting profits are under pressure as ongoing soft market prices begin to take a toll. In separate reports on the London market, both A.M. …

Liberty International Underwriters Names C&F’s Cossetti as Head of U.S. Casualty

Liberty International Underwriters (LIU) has named Diana Cossetti as senior vice president of LIU’s U.S. Casualty operation, newly-created underwriting leadership role overseeing Primary Casualty, Excess Casualty, Environmental, Railroad and Crisis Management. S Cossetti will be based in New York and …

China’s Insurance Marketplace Explained in California Symposium

Few people in the world could probably offer the sort of perspective on China’s developing insurance industry as economist Qixiang Sun. Sun is the dean of the school of economics at Peking University, and director of the China Center for …

Willis Strengthens Bermuda Team with Warren, Fisher Appointments

Willis Group Holdings announced the appointment of two senior two senior executives to its team at Willis Bermuda for its captive and insurance operations. Nick Warren has been appointed Managing Director for Willis’s captive operation, Willis Management (Bermuda) Ltd. He …

Cotnoir Named VP, Large Casualty at Safety National

Steve Cotnoir has been appointed vice president – large casualty at St. Louis, Mo.-based Safety National Casualty Corp. In his new role, Cotnoir will be responsible for leading large casualty field underwriting operations for several strategic regional office territories, including …

BHSI Lowers Casualty Minimum Premiums, Adds Deductible Options

Berkshire Hathaway Specialty Insurance (BHSI) is broadening its casualty appetite in the U.S., lowering its minimum policy premium for eligible products liability, general casualty, energy and trucking risks, while introducing deductible options for primary general liability and product liability policies. …

Top 10 Casualty Insurance Trends for 2015: Marsh

While casualty insurance rates remain stable overall and new capacity continues to enter the market, certain classes of business continue to be difficult to place, according to Marsh’s U.S. Casualty Practice. The following report outlines 10 key trends that Marsh …

Starr Sets up Global Casualty Practice

Starr Companies has formed a Global Casualty Insurance Practice to provide underwriting for Starr’s general casualty insurance products. The new practice was designed to help continue a focused and consistent delivery of insurance around the world. Products will continue to …