Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Best Affirms Lloyd’s Syndicate 510 [Tokio Marine Kiln] Ratings
Oct 1 2015 // A.M. Best has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit rating of “a+” of Lloyd’s Syndicate 510, which is managed by Tokio Marine Kiln Syndicates Limited...
Lloyd’s Chairman Criticizes Profit-Hungry Corporations, Which Risk Eroding Trust
Sep 30 2015 // Lloyd’s of London Chairman John Nelson criticized the business community, saying companies are too focused on profit and are at risk of eroding the trust of the public and regulators. Nelson, speaking at...
Barrett Appointed Chief Financial Officer of Hamilton Underwriting Limited
Sep 24 2015 // Hamilton Underwriting Limited, the managing agency of Lloyd’s Syndicate 3334 and the Lloyd’s operations of Hamilton Insurance Group, announced that Simon Barrett has been appointed to the position of chief...
Californians Pushed by Wildfires into High-risk Insurance Market
Sep 21 2015 // There are lots of reasons people live in California’s Modjeska Canyon. Nestled against the mountains and abutting the Cleveland National Forest, the area has abundant wildlife and access to nature, yet is just a 20...
Texas Surplus Line Stamping Fee Rate to Increase Jan. 1
Sep 21 2015 // The surplus lines stamping fee rate in Texas will increase next year to 0.15 percent of the gross premium amount of surplus lines insurance policies, the Surplus Lines Stamping Office of Texas (SLSOT) reported. The...
Beazley, Aspen and Brit Launch ‘International Cyber Consortium’ at Lloyd’s
Sep 21 2015 // Beazley has joined forces with Lloyd’s syndicates managed by Aspen and Brit Global Specialty to launch the International Cyber Consortium. The consortium will focus on providing robust data breach cover to businesses...
Sierra Specialty Launches New Agri-Services Insurance Program
Sep 21 2015 // Sierra Specialty has launched a new program that provides general liability & professional liability for agri-services, including agricultural crop spraying; advisors & farm managers; pest & weed applicators...
Marsh’s Torrent Technologies Launches New Excess Flood Policy
Sep 18 2015 // Torrent Technologies, Inc., a Marsh company, in coordination with Torrent’s Write-Your-Own (WYO) carriers participating in the National Flood Insurance Program (NFIP), has the availability of a new excess flood...
XL Catlin Specialty Names Product Line Leaders for Americas
Sep 16 2015 // XL Catlin’s Specialty Insurance division has appointed leaders for its regional insurance products in its newly-created Americas region. The company named product leaders for accident and health, aviation, crisis...
Berkshire Hathaway Specialty Adds Inland Marine Insurance Products
Sep 16 2015 // Berkshire Hathaway Specialty Insurance (BHSI) has launched a full line of inland marine insurance products in the U.S., including builder’s risks, contractor’s equipment, installation floaters, inland transit,...
Reinsurance Execs at Rendez-Vous Question Recent High-Priced M&As
Sep 15 2015 // Global reinsurance executives who met in Monaco questioned whether a frenzy of mergers in Europe means buyers of Lloyd’s of London insurance companies are paying too much. Deal-making will continue after Tokyo-based...
JLT Specialty Says Lloyd to Step Down as CEO; Knowles Named Successor
Sep 14 2015 // Jardine Lloyd Thompson Group plc has announced that as part of a planned succession, John Lloyd will step down as CEO of JLT Specialty Ltd. at the end of the year. Lloyd will remain with the group, continuing to advise key...
ProSight Specialty Managing Agency Appoints Furgueson as Managing Director
Sep 14 2015 // ProSight Specialty Insurance has appointed Michael Furgueson as managing director of ProSight Managing Agency, succeeding Bernard Mageean, who has decided to step down due to personal reasons. Furgueson takes up the post...
Can U.S. P/C Insurers Handle Equity Market Volatility?
Sep 11 2015 // While some are more exposed than others, U.S. property/casualty insurers generally can handle more significant deterioration in global equity market conditions while maintaining capital positions consistent with current...
NAPSLO Panel: Tech Disruption May be Good for E&S Market
Sep 10 2015 // “There are no rules. If you can figure out how to quantify a risk and define it, then you can insure it.” Hank Haldeman, president of the board of directors for the National Association of Professional Surplus...
Update: Lloyd’s of London H1 Profit Decreases 28% on Competitive Pressures
Sep 10 2015 // Lloyd’s of London insurance market posted a 28 percent drop in first-half pretax profit on Thursday and said pricing remained tough in a competitive market. The insurance and reinsurance markets have attracted new...
Allied Insurance Brokers, ProSight Launch Program for Crane Industry
Sep 10 2015 // Allied Insurance Brokers has partnered with ProSight Specialty Insurance to offer an all-lines insurance program specifically tailored for the crane industry. The program includes risk management tools, loss control...
Amlin Deal Puts M&A Spotlight on 4 Remaining Publicly Traded Lloyd’s Insurers
Sep 9 2015 // Amlin Plc’s $5.3 billion takeover by a Japanese competitor has put the remaining four publicly traded Lloyd’s of London insurers in the spotlight for a possible takeover. Beazley Plc, Hiscox Ltd., Lancashire...
ACE Names Leaders for New Chubb Business Units, Major Product Lines
Sep 8 2015 // ACE Limited today revealed the leadership teams for the company’s North American business units, including national accounts, middle market, small commercial, high net worth personal lines, wholesale/excess and...
General Star Launches Online Excess Auto Program
Sep 8 2015 // General Star Management Co. has enhanced its automated excess auto quoting capabilities with its new web-based Excess Auto Instant Quote (EAIQ) platform. The new platform is available to all appointed casualty wholesale...
