All the headlines from our Casualty Topic Page, ordered by recency.
Nov 15 2024 // Underwriting carrier Emerald Bay Risk Solutions announced a partnership with Vanderbilt Properties Associates, Inc., a risk purchasing group comprising a large portfolio of high-end residential and commercial real estate...
Nov 14 2024 // Nina Corbo Everest Insurance, the insurance division of Everest Group, headquartered in Warren, New Jersey, appointed Nina Corbo to lead U.S. primary casualty and Debbie Weiser to lead U.S. excess casualty. Corbo oversees...
Nov 8 2024 // Commissioner Lara Makes Appointments to CAARP Advisory Committee, COIN Advisory Board, CEA Advisory Panel and Curriculum BoardCalifornia Insurance Commissioner Ricardo Lara made several appointments to California...
Oct 24 2024 // Commercial insurance rates during the third quarter in the U.S. increased 3%, with casualty rates up 10%.According to Marsh’s Global Insurance Market Index — which noted the first decline in global commercial rates...
Oct 22 2024 // HDI Global U.S. Appoints Long as US Casualty LeadHDI Global Insurance Company (HGIC), the U.S. subsidiary of inter-national corporate and specialty insurer HDI Global SE (HDI), headquartered in Chicago, appointed Thomas...
Oct 17 2024 // Tokio Marine HCC (TMHCC), based in Houston, Texas, has announced the expansion of its specialty product offering with its entry into the Excess Casualty market. David Perez has been appointed as President, Excess Casualty,...
Oct 17 2024 // This edition of International People Moves details appointments at Liberty Mutual Reinsurance and Marsh.A summary of these new hires follows here. LM Re Taps Vantage Risk’s Sweeney as Specialty Casualty Underwriting...
Oct 8 2024 // U.S. property and casualty insurance stocks tanked on Monday after Hurricane Milton intensified into a category 4 storm on its path towards Florida’s western coast, marking yet another costly disaster for the...
Oct 2 2024 // This edition of International People Moves details appointments at Markel and Berkshire Hathaway Specialty Insurance (BHSI). A summary of these new hires follows here.Markel Appoints 2 Senior Underwriters, 1 Claims Manager...
Sep 20 2024 // AIG Appoints Walsh Executive Vice President, Chief Financial OfficerAmerican International Group, Inc. (AIG), headquartered in New York City, named Keith Walsh as executive vice president and chief financial officer,...
Sep 18 2024 // AM Best has downgraded the Financial Strength Rating (FSR) to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “bbb+” (Good) from “a-” (Excellent) of Texas...
Sep 16 2024 // Fitch Ratings said reinsurers are likely to push for double-digit U.S. casualty rate increases during January renewals to keep up with loss trends from social inflation.The rating agency in a new report changed its outlook...
Sep 12 2024 // JM Wilson, headquartered in Portage, Michigan, hired Savana Musolf and Lisa Hudson as assistant property and casualty underwriters.Musolf works with independent insurance agents and company underwriters in Michigan and...
Sep 9 2024 // Specialty reinsurer BMS Re announced the appointment of Anthony Mirabal as CEO of the Latin America and Caribbean (LAC) Division, effective November 2024.Mirabal has more than 30 years of experience in reinsurance, first...
Sep 5 2024 // Moody’s Corp. today said it acquired analytics firm Praedicat. The acquisition adds casualty and liability modeling to Moody’s range of market leading solutions for the insurance industry.Terms of the deal were...
Aug 20 2024 // This post is part of a series sponsored by AgentSync.By now, if you haven’t heard about insurance companies (large and small) and their max exodus from the most risky states, you may have been living under a rock....
Aug 19 2024 // Rokstone, part of the Aventum Group, appointed Laurence (Larry) Burrows as head of a new US Excess Casualty division.Burrows has over 15 years of experience specializing in US casualty, latterly as a liability underwriter...
Aug 12 2024 // This edition of International People Moves details appointments at re/insurer Everest Group and Evolin Broking.A summary of these new hires follows here. Everest Launches Global Broker Management Team Led by IzzoEverest...
Aug 7 2024 // This edition of International People Moves details appointments at Markel and Howden Re.A summary of these new hires follows here. Markel Appoints 2 Key Hires for International Casualty TeamMarkel, the insurance operations...
Jul 24 2024 // Jewelers Mutual Group acquired Union Life & Casualty Insurance Agency in Phoenix, Arizona. JM Insurance Agency Partners Inc., a Jewelers Mutual Group company, will join with UL&C. UL&C has been in the insurance...