All the headlines from our Casualty Topic Page, ordered by recency.
Jul 2 2013 // Reinsurers are taking “robust defensive measures to maintain market positions recently eroded by new capital markets entrants,” with prices down 25 percent on some Florida property accounts, according to a new...
Jun 24 2013 // First quarter results for U.S. property/casualty insurers show they made a profit on underwriting for the first time since late 2009.Private U.S. property/casualty insurers’ net income after taxes rose to $14.4...
Jun 18 2013 // A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of B+ (Good) and issuer credit rating of “bbb-” of Opelousas, La.-based Imperial Fire and Casualty...
Jun 18 2013 // The XL Group announced that it has appointed Valérie Devaux-Piquer to the position of Casualty Underwriting Manager, Europe, Reinsurance, effective Sept. 1, 2013.She will take the place of Dieter Kohl, who retires this...
Jun 17 2013 // Chevy Chase, Md.-based underwriting manager Victor O. Schinnerer & Company Inc. has tapped senior Marsh executive Jonathan M. Zaffino to be its president.Jonathan M. ZaffinoThe position of president was previously...
Jun 4 2013 // Southport Lane, a New York City-based private equity firm, has completed its acquisition of Louisiana-based Imperial Management Corp., along with its largest subsidiary, Imperial Fire & Casualty, in an all-cash...
May 31 2013 // A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa” of the property/casualty...
May 31 2013 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aa+” of State Farm Mutual Automobile Insurance Company (SFMAIC) and its...
May 29 2013 // Liberty International Underwriters (LIU), part of the Global Specialty division of Liberty Mutual Insurance, has appointed Peter A. Clauson as senior vice president of LIU Excess Casualty and Umbrella in the U.S. and Latin...
May 22 2013 // XL Group announced the appointment of Thierry Daucourt as Chief Operating Officer of its International P&C Insurance business. He will be responsible for supporting the unit’s Chief Executive, Jason Harris, in...
May 8 2013 // ACE USA, the U.S.-based retail operating division of the ACE Group, announced two executive appointments in its Foreign Casualty and Custom Casualty divisions.Alexander Wells has been appointed senior vice president and...
May 6 2013 // The original criteria and objective definition for Super Regional P/C Insurers™ was established in the Feb. 12, 2007, issue of Insurance Journal. Prior to the establishment of an industry-wide definition, a number of...
May 2 2013 // American International Group Inc.’s property and casualty business booked its first underwriting profit in two and a half years during the first quarter, as the insurer wrote more premiums at higher prices and...
Apr 29 2013 // American International Group Inc. (AIG) has named Jeremy Johnson as president and chief executive officer of its excess and surplus (E&S) lines unit, Lexington Insurance Co. in Boston.Johnson replaces David Bresnahan,...
Apr 29 2013 // American International Group (AIG) has no intention of changing its excess and surplus lines business following the departure of four of its key commercial lines executives for Berkshire Hathaway.“It’s business...
Apr 15 2013 // Bret Strickland has been named president and chief operating officer of Atlantic Casualty Insurance Co., replacing William G. Reynolds, who retired after more than 35 years in the insurance Industry. Strickland started...
Apr 8 2013 // The Casualty Actuarial Society (CAS) has named Richard Fischer as its new director of Admissions. Before joining CAS, Fischer worked in the U. S. Department of Labor’s Office of Federal Contract Compliance Programs...
Mar 28 2013 // The key changes in federal health care reform remain months away but property/casualty actuaries are already trying to determine what impact they will have on their own lines of business, particularly workers’...
Mar 27 2013 // Miller Insurance Services announced that non-marine casualty reinsurance production and placement specialist Ian Wicks has joined its reinsurance team in London.James Geffen, Head of Reinsurance and Board Member at Miller...
Mar 25 2013 // 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...