Headlines from our Casualty Topic Page with the most time spent reading.
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....
Dec 6 2023 // Persistently strong underwriting performance during and after the global pandemic – despite substantial economic and capital markets volatility – has prompted AM Best to maintain its “stable” outlook for...
Feb 15 2024 // Reinsurers in general maintained adequate capacity for casualty programs, despite concerns about social inflation and some recent reserve strengthening actions, according to a report from AM Best.For reinsurers, a...
Mar 4 2024 // Reinsurers in general maintained adequate capacity for casualty programs, despite concerns about social inflation and some recent reserve strengthening actions, according to a report from AM Best.For reinsurers, a...
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 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...
Mar 25 2024 // Predictions that the property/casualty insurance industry is in the midst of repeating the type of loss reserving cycle that accompanied the hard market of the beginning year of this century may be overblown, according to...
May 9 2024 // If personal auto insurance loss reserves are developing adversely, can commercial general liability be far behind?That’s the gist of one of the questions that analysts from Moody’s Investors Service asked—and...
Apr 19 2024 // James River Group Holdings Ltd. announced that Fleming Intermediate Holdings has completed the $277 million acquisition of James River’s casualty reinsurance business – ending a period of legal wrangling that had...
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...
Jan 19 2024 // Reinsurers had varied appetites for casualty reinsurance during the January 2024 renewals; while capacity was sufficient, they still maintained underwriting discipline, according to reinsurance brokers in their renewal...
Feb 27 2024 // AM Best placed under review with negative implications the Financial Strength Rating of C++ (Marginal) and the Long-Term Issuer Credit Rating of “b” (Marginal) of Casualty Underwriters Insurance Co. in Salt...
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...
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...
Jun 11 2024 // Everest Insurance Names Buonpane to Head of Casualty Specialty Lines and Industry PracticesEverest Insurance North America, headquartered in Warren, New Jersey, hired Stephen Buonpane to the newly created role of senior...
Apr 15 2024 // Predictions that the property/casualty insurance industry is in the midst of repeating the type of loss reserving cycle that accompanied the hard market of the beginning year of this century may be overblown, according to...
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,...
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...
Feb 20 2024 // Vantage Group Holdings Ltd., the Bermuda-based insurer and reinsurer, is offering U.S. primary casualty in addition to its existing Bermuda and U.S. excess casualty products, continuing the company’s expansion of...
Jun 17 2024 // ISU Group (ISU), an independent agency network, said Dan McCarthy will become the next chief executive officer, assuming the responsibilities held by T.J. Ryan III over the past 35 years.McCarthy is currently ISU’s...