Latest Casualty Headlines

All the headlines from our Casualty Topic Page, ordered by recency.

People Moves: BHSI Promotes Alder-Smurthwaite, Emson for UK Casualty; Marsh Names Faull Head of Climate & Sustainability Risk; MS Amlin Appoints 4 for Risk Team

Feb 17 2022 // This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance (BHSI), Marsh and MS Amlin Underwriting Ltd.A summary of these new hires follows here. BHSI Promotes...

AM Best Assigns Michigan’s Universal & Fire Casualty Excellent Rating

Feb 2 2022 // AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Universal Fire & Casualty Insurance Company, headquartered in Waterford,...

Florida Farm Bureau Action Plan Says it Will Stop Writing New HO Policies

Feb 1 2022 // Another Florida property insurer is taking major steps to cut its losses, including suspending the writing of new homeowner policies starting this week – the latest warning sign about the state’s distressed...

People Moves: Aon’s Heinicke to Lead Casualty for WTW in Bermuda; KPMG UK Promotes Jones as Head of Insurance Practice; Howden’s King to Miller in Singapore

Jan 5 2022 // This edition of International People Moves details appointments at Willis Towers Watson, KPMG and Miller.A summary of these new hires follows here. Insurance broker Willis Towers Watson announced the appointment of Chris...

AM Best Upgrades Financial Strength Rating of Atlantic Casualty Insurance Company to A+ Superior

Jan 5 2022 // OLDWICK – JANUARY 05, 2022 – AM Best has upgraded the Financial Strength Rating (FSR) to A+ (Superior) from A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “aa-” (Superior)...

People Moves: Lezaj to Lead Zurich Complex Casualty; MMC Names Bouchard as Climate Director

Dec 13 2021 // Lezaj to Lead New Zurich Middle Market Complex Casualty UnitZurich North America has created a Complex Casualty unit to support its customers in the upper middle-market segment. Steve Lezaj, a veteran insurance executive,...

People Moves: QBE Names Liberty Mutual’s Hunter as Dir. of Canada; Amwins Global Risks Hires Apollo’s Graham for Casualty; Ardonagh Promotes 2 Snr. Leaders

Nov 30 2021 // This edition of International People Moves details appointments at the insurer QBE Canada and brokers Amwins Global Risks and Ardonagh Group.A summary of these new hires follows here. QBE Appoints Liberty Mutual’s...

People Moves: Hiscox Hires Starr’s Buchanan as Casualty Dir.; Sharpe, Griffiths to Inver Re’s Exec Team; Plumptre, Fox Join Blenheim Underwriting’s Political Risk Team

Nov 19 2021 // This edition of International People Moves details appointments at insurer Hiscox, the reinsurance broker Inver Re, and the Lloyd’s managing agency, Blenheim Underwriting.A summary of these new hires follows here....

People Moves: Sompo Names QBE’s Reid Head of Casualty Int’l; AXA XL Promotes Shing to Lead U/W Mgmt, UK & Lloyd’s; Jensten’s Siggery to Oneglobal for Risk & Compliance

Nov 17 2021 // This edition of International People Moves covers appointments at Sompo International, AXA XL and OneGlobal Broking.A summary of these new hires follows here. Sompo Int’l Appoints QBE’s Reid as Head of...

Coverys Launches European Casualty MGA, AEC Europe

Oct 20 2021 // Coverys European Holdings (CEH), a leading underwriting vehicle that invests in speciality managing general agencies in Europe and the UK, announces the expansion of its AEC underwriting agency with the launch of AEC...

People Moves: D&O MGA Tegron Names Tokio Marine’s Shergill Sr U/W; AXIS Financial Institutions Hires 3 for London Team; Aon Re’s Russell Is Casualty Treaty U/W at Atrium

Oct 19 2021 // D&O Insurer Tegron Names Tokio Marine’s Shergill as Senior U/WTegron Specialty, the Beat Capital backed D&O underwriting specialist, announced the appointment of Kiran Shergill as senior underwriter. Shergill...

People Moves: Ed Bermuda Names Marsh’s Juul as Head of Casualty; Mosaic Hires Jones From Liberty Specialty Markets; BHSI Promotes 2 for UK & Europe

Oct 5 2021 // This edition of International People Moves details appointments at Ed Bermuda, Mosaic Insurance and Berkshire Hathaway Specialty Insurance (BHSI).A summary of these new hires follows here. Ed Bermuda Names Marsh’s...

Securitization Startup Platform Ledger Launches a Casualty ILS Fund

Oct 5 2021 // Ledger Investing, Inc., a technology-driven marketplace for matching insurance risk to capital markets, announced the closing of Nanorock Fund Ltd., an insurance linked security (ILS) fund focused primarily on investing in...

AM Best Downgrades Casualty Underwriters Insurance in Utah

Sep 29 2021 // AM Best downgraded the Financial Strength Rating to B (Fair) from B+ (Good) and the Long-Term Issuer Credit Rating to “bb+” (Fair) from “bbb-” (Good) of Casualty Underwriters Insurance Co. in Salt...

People Moves: Howden Names Swiss Re’s Cochrane for Energy Transformation; Apollo Hires Sandi for Casualty Treaty; AXA XL’s MacColl to Atrium to Lead Hull & War

Sep 23 2021 // This edition of International People Moves details appointments at the broker Howden and two Lloyd’s insurers: Apollo Syndicate Management and Atrium Underwriting.A summary of these new hires follows here. Howden...

Vantage Expands Into Healthcare, Excess Casualty in Bermuda, U.S.

Sep 6 2021 // Bermuda’s Vantage Group Holdings Ltd. is introducing new product offerings in healthcare and excess casualty.Vantage was established in late 2020 and began writing reinsurance risk on January 1, 2021, through its...

Willis Towers Watson Promotes Mead to Canadian Property/Casualty Broking Leader

Aug 20 2021 // Insurance broker Willis Towers Watson announced that Kate Mead is the new head of its Canadian property/casualty broking team.Previously Willis Towers Watson’s practice leader for the Midwest, Northeast U.S. &...

Swiss Re Hires CNA’s Stephenson to Lead Casualty; Richards Named CEO UK & Ireland

Aug 18 2021 // Swiss Re announced changes in the leadership of its Reinsurance Business Unit. Effective Jan. 1, 2022, Jason Richards will become country president and CEO UK & Ireland. He will be succeeded by Julie Stephenson as...

What Property and Casualty Insurers Need to Know About Using Credit in Underwriting

Aug 10 2021 // This post is part of a series sponsored by TransUnion.Credit-based insurance risk scores draw from credit data to more accurately assess consumer risk and improve the underwriting process Today, credit-based insurance...

Texas Outlines Legislative Changes in SB 1367 Related to Property/Casualty Insurance

Aug 10 2021 // Noting the passage in the 87th Legislature of Senate Bill 1367, which made changes to certain lines of insurance, the Texas Department of Insurance has outlined the changes that are effective for an insurance policy that...