Fremont General will spin off some casualty lines.

The move is part of a divestment plan announced a year ago by Santa Monica-based Fremont General Corp. The plan, subject to shareholder approval, calls for shareholders to be given stock in a new holding company, Fremont Insurance Group, which would become the parent of the Fremont Indemnity and Fremont Compensation Insurance units. Fremont General also intends to sell or liquidate its domestic reinsurance and excess lines while retaining Commercial Bankers Life and Commonwealth Financial Corp., the company said.