casualty News

Global Insurance Renewal Rates Fall for 17th Quarter in Q2 2017: Marsh

Global insurance renewal rates fell for the 17th consecutive quarter in the second quarter of 2017, according to Marsh’s Q2 2017 Global Insurance Market Index. Despite the continuing decline, Q2 marks the sixth quarter in a row the rate of …

Liberty Specialty Markets Names AIG’s Sutherland to Lead Casualty Team

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has appointed Stuart Sutherland as its head of Casualty. Based in LSM’s London headquarters, Sutherland will report to Alan Telford, chief underwriting officer – Commercial. Joining in July, he will …

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 …

Chubb Global Markets Names Novae’s Clarke as Senior Casualty U/W

Chubb Global Markets, the London-based wholesale insurance division of Chubb, announced the appointment of Lee Clarke as senior casualty underwriter. In his new role, Clarke will be primarily responsible for the management and profitable growth of Chubb Global Market’s casualty …

Allied World APAC Appoints 2 Casualty Specialists from AIG

Allied World Assurance Company Holdings announced two appointments to its General Casualty Division in Asia: Daphne Boon to the position of vice president, head of General Casualty (Asia), and Christie Huang Shuying to assistant vice president. Boon joins Allied World …

Everest Re Group Names Schaetti as Head of Casualty U/W, Zurich Branch

Everest Re Group, Ltd. announced that Robert Schaetti will join the Zurich branch of Everest Re Group as head of Casualty Underwriting. Schaetti joins Everest Re from Partner Re where he most recently served as head of liability and medical …

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. …

Sompo Canopius Names Banez as Head of US Financial & Professional Lines

Sompo Canopius AG announces has hired Laurie Banez as head of U.S. financial and professional lines. Banez is based in the New York office and reports to Stephen Hartwig, group head of casualty. She joins from Argo Pro with nearly …

Neon Names Dougall as Head of Casualty in Newly Created Role

Neon, the specialist Lloyd’s insurer, has appointed Andrew Dougall to the newly created role of executive underwriter, head of Casualty. Dougall joins Neon today, reporting to chief underwriting officer, Darren Lednor. Dougall will focus on enhancing Neon’s broker distribution and …

Allied World Europe Names Jacobs to Lead Casualty Operation in London

Allied World Assurance Company Holdings AG announced that Allied World Europe has appointed Darren Jacobs as senior vice president, General Casualty. Jacobs will lead Allied World Europe’s primary and excess casualty operation in London. Jacobs has worked in the insurance …