Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
P/C Insurers’ Surplus Rose, Profit Fell in 2014’s First 9 Months
Feb 9 2015 // The first nine months of 2014 saw policyholders’ surplus for the U.S. property/casualty insurance industry reach record levels. At the same time, net income after taxes declined substantially and overall...
ProHost USA, XL Add Umbrella Excess Coverage to Restaurant Insurance Product
Feb 6 2015 // XL Group and insurance program administrator ProHost USA have added an extra layer of insurance protection to its umbrella excess insurance coverage product offering for fine dining and casual...
Beazley Bets on U.S. Unit to Offset Declining Rates at Lloyd’s Business
Feb 6 2015 // Beazley plc is targeting 5 percent growth for 2015 as the insurer looks to its U.S. unit to help offset falling prices for coverage at its Lloyd’s of London business. Beazley, the first of its peers to report...
Lloyd’s Appoints Brit Group CEO Cloutier to Franchise Board
Feb 4 2015 // Lloyd’s announced that Mark Cloutier, CEO of Brit PLC, will be joining the Lloyd’s Franchise Board, as of April 1, 2015. He has been the CEO of the Brit Group since October 2011, and has more than 35...
Lloyd’s Appoints Mackinnon as General Representative in Australia
Feb 3 2015 // Lloyd’s, the specialist insurance and reinsurance market, has appointed Christopher Mackinnon as its new general representative in Australia. Mackinnon starts in early February and brings with him more than 21...
Palomar Specialty, Civil Service Employees Insurance to Offer Earthquake Coverage
Feb 2 2015 // Palomar Specialty Insurance Co. has partnered with Civil Service Employees Insurance Co. to offer a comprehensive residential earthquake solution for CSE’s customers. Palomar Specialty’s residential earthquake...
P/C Insurers’ Surplus Rose, Profitability Fell in 2014’s First 9 Months
Jan 28 2015 // The first nine months of 2014 saw policyholders’ surplus for the U.S. property/casualty insurance industry reach record levels. At the same time, net income after taxes declined substantially and overall...
XL Group Introduces New Excess Executive Liability Form
Jan 28 2015 // XL Group has developed a new excess “follow form” insurance policy to provide the option of buying an additional layer of professional liability insurance protection. According to Kelly Lyles, chief executive...
Best Places AXIS and Subs Ratings under Review w/ Negative Implications
Jan 27 2015 // A.M. Best has placed under review with negative implications the financial strength rating (FSR) of ‘A+’ (Superior) and the issuer credit ratings (ICR) of “aa-” of AXIS Specialty Limited and its...
Ballinger on Growth, Professionalism in Texas Surplus Lines Market
Jan 26 2015 // Phil Ballinger retired at the end of December 2014 as executive director of the Surplus Lines Stamping Office of Texas (SLSOT), a post he’s held for more than two decades. During his tenure at SLSOT, the organization...
E&O Insights: Key E&S Issues Agencies Need to Know
Jan 26 2015 // Regardless of whether the market is hard or soft, for agencies to be successful will typically require that they have an active, ongoing relationship with at least a couple of excess and surplus lines (E&S)...
Former California Surplus Lines Chair Gibbs Loved Stories, Clients
Jan 23 2015 // George N. Gibbs Jr. was a man who was famous in insurance circles for his ability to tell a good story, and those who knew him say he was passionate about protecting the interests of his clients. Gibbs died on Dec. 31,...
Balvin Joins Louisiana-Based Specialty Risk Associates
Jan 22 2015 // Specialty Risk Associates Inc., based in Shreveport, La., announced that Genie Balvin joined the firm as a commercial lines renewal underwriter. Prior to joining Specialty Risk, Balvin worked as a property/casualty field...
O’Donohoe Joins Hamilton Re to Lead Lloyd’s Syndicate Operations
Jan 20 2015 // The Bermuda-based Hamilton Insurance Group, which operates P&C reinsurer Hamilton Re and the organization’s U.S. property casualty insurance operations Hamilton USA, announced that Dermot O’Donohoe, former...
California Surplus Lines up Considerably in 2014, Report Shows
Jan 14 2015 // Premiums for California wholesalers rose considerably in 2014 from a year earlier, showing that segment of the industry outperformed the rest of the state’s economy, according to a report from the Surplus Lines...
California Wholesalers Stress Opportunity Theme at Convention
Jan 13 2015 // Opportunity was a theme that came up often at the annual California Wholesaler Industry Days convention from Sunday through today in La Jolla, Calif. at Hilton Torrey Pines. The three-day conference organized by the...
Texas Sees Record $5B in Surplus Lines Premium in 2014
Jan 12 2015 // For the first time, premium on policies reported to the Surplus Lines Stamping Office of Texas (SLSOT) totaled more than $5 billion last year. This record volume in 2014 was $336.5 million over 2013, representing an...
2015 Insurance Industry Meetings & Conventions Directory
Jan 12 2015 // Welcome to Insurance Journal‘s 2015 Insurance Industry Meetings and Conventions Directory. The information in this directory is taken from a larger database containing additional information on these and other...
Top 10 Casualty Insurance Trends for 2015
Jan 12 2015 // While casualty insurance rates are stable and new capacity continues to enter the market, certain classes of business continue to be difficult to place, according to Marsh’s U.S. Casualty Practice. Following are 10...
XL to Write Nearly 10th of Lloyd’s Business After Catlin Deal
Jan 9 2015 // XL Group Plc said it would buy underwriter Catlin Group Ltd. for about 2.79 billion pounds ($4.22 billion), increasing the Dublin-based insurer’s share of business written in the Lloyd’s of London market to...
