property casualty News

Walsh to Lead Construction Practice at Oswald Cos.

Oswald Companies, based in Cleveland, Ohio, appointed Tim Walsh to the position of director of Construction Practice, Property & Casualty. He will be based at Oswald’s Detroit office and oversee the full construction practice in all of Oswald’s geographic markets. …

Allied World Offers Casualty Lines for Canadian Market

Allied World Assurance Co. Holdings has launched an initial property /casualty offering in the Canadian market. Gord Kerr, senior vice president, chief agent and branch manager, will oversee the buildout of these lines and will be responsible for production, profitability …

Willis Launches Global 360 to Specialty Clients

Willis Limited, a subsidiary of Willis Group Holdings Plc, has announced the first set of insurers offering to support Global 360, which it described as “a pioneering suite of capacity facilities for its specialty insurance clients. The rollout of Willis’ …

AIG Introduces Risk Financing Option for U.S. Casualty Clients

American International Group, Inc. (AIG) has launched Collateral Flex Option (CFO), a new risk financing option for companies with large deductible casualty insurance programs in the U.S. CFO provides an alternative for companies that would otherwise need to tie up …

EPIC Names Brown Vice President of Claims Management

Edgewood Partners Insurance Center, a retail property-casualty and employee benefits insurance brokerage, has named Hilton Brown to oversee client claims and advocacy in the company’s Los Angeles and Irvine, Calif. offices. Brown will also provide claims support for sister company …

Leavitt Group Taps Somers

Concord, Calif.-based Jenkins Insurance Group, a Leavitt Group firm, has hired Chuck Somers as vice president of business insurance. With more than 28 years of insurance experience, Somers will specialize in construction, food processing and manufacturing. Somers first worked with …

U.S. P/C Insurers’ Results for 2010 Get ‘Mixed Review’ from A.M. Best

The U.S. property/casualty insurance industry’s financial results for 2010 represented a mixed bag, with some good results and some that are of concern, according to a leading rating organization. A.M. Best Co. reported that property/casualty insurers’ policyholders surplus increased nine …