Latest Casualty Headlines

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

People Moves: DUAL Swiss Taps Tokio Marine’s Wyss as Managing Director; WTW Appoints 3 Senior Hires to International Casualty Team

Jul 17 2024 // This edition of International People Moves details appointments at managing general agent DUAL Europe and insurance broker WTW.A summary of these new hires follows here. DUAL Swiss Taps Tokio Marine’s Wyss as...

People Moves: Gallagher Re Appoints Rudden as Head of Green Solutions; Markel Taps BHSI’s Gebran as Head of Casualty in MENA Region

Jun 28 2024 // This edition of International People Moves details appointments at Gallagher Re and Markel.A summary of these new hires follows here. Gallagher Re Appoints Rudden as Head of Green SolutionsGallagher Re announced the...

People Moves: McCarthy to Become ISU CEO; WTW Hires Aon’s Graziano to Lead Casualty Strategy for CRB NA; Markel Names McGrath Head of Fine Art N.A.

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...

People Moves: Everest Names Buonpane Head of Casualty Specialty, Industry Practices; Allied World Appoints Kranz A&E Lead

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...

People Moves: Chubb Promotes Kirk as Division President of Chubb Global Markets; Everest Re Promotes Doshi to Head of North America Treaty Casualty

Jun 6 2024 // This edition of International People Moves details appointments at Chubb and Everest Re.A summary of these new hires follows here. Chubb Promotes Kirk as Division President of Chubb Global MarketsChubb announced that David...

People Moves: BHSI Promotes Riley to Lead Casualty Biz in Canada as DeSouza Retires; Broker Insights Names Scott CEO, Succeeding Edmond Who Becomes President

May 24 2024 // This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance (BHSI) and the software developer Broker Insights.BHSI Names Riley to Lead Casualty Business in Canada as DeSouza...

People Moves: AXA XL Reinsurance Names Sawyer to Expanded Role of Head of London Casualty, Reinsurance; Fusion Specialty Hires 2 for M&A Team in London

May 14 2024 // This edition of International People Moves details appointments at AXA XL Reinsurance and Fusion Specialty.A summary of these new hires follows here. AXA XL Reinsurance Names Sawyer to Expanded Role of Head of London...

Reserve Strengthening for Casualty Lines Not Over: Moody’s

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...

Specialist Casualty MGA Casper Secures New Capacity Partners, Chaucer and TMK

May 7 2024 // Casper Specialty UK Ltd., the casualty-focused MGA and independent sister company to the broker Miller, announced it had secured two new capacity providers, as it enters its second year of trading.Chaucer and TMK have...

Fleming Acquires James River’s Casualty Reinsurance Business, Ending Legal Dispute

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...

Aspen and Allianz’s PIMCO Launch Casualty-Focused Reinsurance Vehicle

Apr 17 2024 // Aspen Insurance Holdings Ltd. and PIMCO Investment Management Co. announced the formation of Pando Re Ltd., a Bermuda-domiciled collateralized re/insurer focused on casualty business.Under a long-term agreement, Aspen will...

Worst Is Over: Most of Casualty Reserve Hole May Be Filled, Analyst Says

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...

Midwest Builders’ Casualty Renames to Waypoint Mutual

Mar 26 2024 // Midwest Builders’ Casualty Mutual Company, a large, regional, specialized workers’ compensation insurance carrier, announced that they are changing their name to Waypoint Mutual effective April 1.Kansas City,...

Worst Is Over: Most of Casualty Reserve Hole May Be Filled, Analyst Says

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...

People Moves: Howden Tiger Taps Byler From Carpenter to Lead US Casualty; Markel Promotes Atkin to Head of Bloodstock for London Markets

Mar 14 2024 // This edition of International People Moves details appointments at Howden Tiger and Markel.A summary of these new hires follows here. Howden Tiger Taps Byler From Carpenter to Lead US Casualty DivisionHowden Tiger, the...

Casualty Reinsurance Renewals See Modest Price Hikes Despite Social Inflation: AM Best

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...

AM Best Puts Credit Ratings of Casualty Underwriters in Utah Under Review

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...

Markets/Coverages: Vantage Risk Introduces U.S. Primary Casualty Insurance

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...

DEI: Redefining the Paradigm for the Property/Casualty Industry

Feb 19 2024 // The recent billionaire back-and-forth about diversity, equity and inclusion initiatives is a great opportunity to look at why we’re doing DEI, how we’re doing it — and how we can do it better.Bill Ackman...

Casualty Reinsurance Renewals See Modest Price Hikes Despite Social Inflation: AM Best

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...