Surplus Lines News

Nevada to Exit NIMA

Nevada is leaving the surplus lines tax clearinghouse to which it belongs, Nevada’s insurance commissioner confirmed Tuesday. Nevada’s departure is the latest in a string of states to exit the Non-Admitted Insurance Multi-State Agreement, Hawaii being another recent state to …

Fiske Joins XL Group’s Surplus Lines Team in Chicago

XL Group plc’s insurance operations added Mary-Ellen (Mimi) Fiske as vice president, umbrella and excess manager to its surplus lines unit in Chicago. Fiske reports to David Halm, chief underwriting officer and head of XL Group’s surplus lines casualty business. …

Lloyd’s U.S. CEO Comments on the Importance of ‘Vision 25′

Lloyd’s announcement on Friday of the launch of its “Vision 25” program, an ambitious plan to prepare the historic London market for the future, came as no surprise to Hank Watkins, CEO of Lloyd’s North America. “We are planning for …

Bareno Joins Maverick in Southern California

Pauline Bareno joined of Calabasas, Calif.-based surplus lines broker Maverick Commercial Insurance Services as senior vice president. Bareno has more than 30 years of property/casualty insurance experience, including an underwriting and marketing background. Her experience includes insurance companies, retail and …

Nebraska to Opt Out of Nonadmitted Insurance Multistate Agreement

Nebraska insurance regulators have notified the governing committee of the Nonadmitted Insurance Multistate Agreement (NIMA) that the state intends to withdraw from the agreement effective March 5, 2012. Bruce Ramge, director of the Nebraska Department of Insurance, on Jan. 4 …

Cooper Gay Swett & Crawford: A Global Broker Pioneers a New Path

Cooper Gay Swett & Crawford (CGSC) is the largest independent (i.e. privately owned by its employees and private equity funds) global wholesale and reinsurance broker. Over 1,400 professionals work in some 60 offices on four continents. “In this globalized world …

Florida Eases Surplus Lines ‘Due Diligence’ Rule for Agents

Florida insurance agents should have an easier time placing commercial policies with surplus lines carriers under a new law that allows them to offer the coverage without first scouring the admitted market for the coverage. For years, Florida required retail …

California Governor Signs Surplus Lines Bill

California’s Insurance Commissioner Dave Jones today applauded Governor Jerry Brown for signing legislation, sponsored by the Department of Insurance, which allows California to implement provisions in a new federal surplus lines insurance law. California, like all other states, had until …

Alaska Joins State Surplus Lines Coalition

Members of the Non-Admitted Insurance Multi-State Agreement coalition are proud to welcome Alaska to the NIMA group. Insurance Director Linda Hall signed on behalf of Alaska, which collected $109 million in excess and surplus lines premium in 2009. With the …

Bresnahan Named President of Lexington Insurance

David J. Bresnahan has been named president of Lexington Insurance Co., the surplus lines unit of Chartis Insurance. He is succeeding Peter Eastwood, who is mving into his new role as president and chief executive officer of Chartis for the …