Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Lloyd’s to Apply for Onshore Reinsurance License in Malaysia
Jul 30 2015 // Lloyd’s has announced that it intends to apply for an onshore reinsurance license in Malaysia. The move has been confirmed by the UK and Malaysian governments. The announcement that Lloyd’s will apply for a...
Lancashire 1st Half Profit Drops 10% Amid ‘Pricing Pressures’ at Lloyd’s
Jul 30 2015 // Lancashire Holdings Ltd. reported a 10 percent fall in first-half profit amid “pricing pressure” in the Lloyd’s of London insurance market. The company said pretax profit decreased to $88.6 million in the...
RenRe Reports Q2 Net Income of $73.2M, Operating Income of $99.9M
Jul 29 2015 // RenaissanceRe Holdings Ltd. reported net income available to common shareholders of $73.2 million, or $1.59 per diluted common share, in the second quarter of 2015, compared to $120.8 million, or $2.95, respectively, in...
ACE Names North America Management Team for New Chubb
Jul 28 2015 // ACE Limited, which announced plans to acquire Chubb for $28 billion earlier this month, has designated a post-merger leadership team for the North American Insurance operations of the combined company. The North America...
Lloyd’s Supports Natural Catastrophe Resilience Plan Across Asia
Jul 28 2015 // As he prepared to sign a Statement of Intent (SOI) between the British Government, the Monetary Authority of Singapore and Lloyd’s in Singapore, UK Prime Minister David Cameron stressed that insurance is essential to...
Compass Specialty Risk Ramos as Vice President of Transportation
Jul 27 2015 // Compass Specialty Risk Insurance Services LLC has named Desi Ramos vice president of transportation and practice leader. Ramos will spearhead the new office in Sacramento, Calif. Ramos has experience in the wholesale...
ANV Launches Miscellaneous Professional Liability Program in U.S.
Jul 27 2015 // ANV Underwriters, the international managing general underwriter (MGU) segment of global speciality insurance group ANV, has launched a new North America Miscellaneous Professional Liability (MPL) product and team. The new...
Beazley CEO Calls on Lloyd’s to Overhaul Data Systems
Jul 24 2015 // Beazley Plc CEO Andrew Horton called on Lloyd’s of London to overhaul the way it manages trade information to make the world’s oldest insurance market more efficient and globally competitive. “The...
QBE North America Adds Fry, Remy as Specialty Program Underwriting VPs
Jul 20 2015 // QBE North America announced two new underwriting vice presidents in the company’s Specialty Programs unit – Erin Fry and Bob Remy. Fry joins QBE from XL, where she was vice president and head of professional...
U.S. Power Grid Attack Could Cause $70 Billion in Insurance Losses: Lloyd’s Report
Jul 20 2015 // A cyber attack on the U.S. power grid in the Northeast would have far-reaching implications including the loss of lives, economic losses of as much as a trillion dollars, the disruption of water supplies and...
Near National P/C Carriers Identified for 2015
Jul 20 2015 // The Demotech Company Classification System, established in the Feb. 12, 2007 issue of Insurance Journal, categorizes insurers into one of 11 categories based on an analysis of data reported by the companies to the National...
Amtrak Settles With Primary Insurers in Sandy Lawsuit
Jul 20 2015 // Amtrak recently reached a settlement with its primary insurers in a lawsuit in which the railroad operator sought to recoup additional proceeds for Superstorm Sandy losses from its insurers, according to court documents....
Louisiana to Withdraw from Multi-State Surplus Lines Clearinghouse
Jul 16 2015 // Effective Oct. 1, Louisiana will withdraw from the Nonadmitted Insurance Multi-state Agreement (NIMA) and the NIMA-sponsored surplus lines clearinghouse, state insurance regulators announced. The state’s withdrawal...
Amtrak Settles With Primary Insurers in Sandy Lawsuit
Jul 16 2015 // Amtrak recently reached a settlement with its primary insurers in a lawsuit in which the railroad operator sought to recoup additional proceeds for Superstorm Sandy losses from its insurers, according to court documents....
Carriers See Growth Ahead in Specialty Insurance Program Market: Survey
Jul 16 2015 // The outlook is good for the specialty insurance program market, with carriers looking more favorably on smaller accounts, single state programs and startups, according to a new survey. Carriers see the program...
Lloyd’s Receives Approval to Open Colombia Representative Office
Jul 14 2015 // Lloyd’s has announced that it has received approval from the Colombian authorities to open a representative office in Bogotá. The bulletin noted that “under the new Lloyd’s representative office license,...
Nautilus Insurance Enhances Contractors Program
Jul 13 2015 // Coverage Now Available in 48 States, Including California. Scottsdale, AZ, July 13 2015 — Nautilus Insurance, a W. R. Berkley Company®, has announced the enhancement of its General Liability product offering for...
JLT Specialty Insurance Appoints Benvenuto as EVP in Chicago
Jul 12 2015 // JLT Specialty Insurance Services Inc. (JLT Specialty USA), a U.S. subsidiary of Jardine Lloyd Thompson Group plc. (JLT), appointed Robert “Bennie” Benvenuto as executive vice president and member of the U.S....
JLT Specialty USA Hires Taccetta as Executive VP in New York
Jul 10 2015 // JLT Specialty Insurance Services Inc. (JLT Specialty USA), a U.S. subsidiary of London-based Jardine Lloyd Thompson Group plc., hired Joe Taccetta as executive vice president. Taccetta will be based in New York where he...
Mulligan, Marshall Receive AAMGA Recognitions
Jul 10 2015 // Two long-time members of American Association of Managing General Agents (AAMGA) were recognized with service-based awards at the association’s Annual Meeting in Maryland in May. Thomas Mulligan, a board member of...
