Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Berkshire Hathaway Specialty Offers Fiduciary Liability Product
Oct 9 2014 // Boston-based Berkshire Hathaway Specialty Insurance (BHSI) has launched Executive First Fiduciary Liability Insurance, a new addition to its Executive First suite of executive liability insurance products offering...
New Jersey Transit Sues Insurers Over Sandy Losses, Seeks $300M
Oct 8 2014 // New Jersey Transit, the nation’s third-largest bus, rail and light rail transportation provider, is suing several excess insurers to recoup additional $300 million for Superstorm Sandy losses. NJ Transit says its...
Lloyd’s CEO Expects Cyber Insurance Surge
Oct 8 2014 // Lloyd’s of London Chief Executive Officer Inga Beale expects the market for cyber insurance to surge after hackers attacked some of the largest companies in the U.S., including JPMorgan Chase & Co. and Home Depot...
Ex-U.S. Security Chief Ridge, Guy Carpenter, Lloyd’s Launch Cyber Policy
Oct 7 2014 // Reinsurance specialist Guy Carpenter & Co. is launching a new cyber privacy and network protection product with Ridge Insurance Solutions Co., a new Lloyd’s managing agency led by Tom Ridge, former U.S. secretary...
P/C Insurers’ Net Income Rose, Operating Income Fell in First Half
Oct 6 2014 // U.S. property/casualty insurers’ net income rose $1.6 billion to $26.0 billion in first-half of 2014 while pretax operating income fell $1.9 billion to $23.9 billion in first-half 2014, a decrease driven by lower...
ANV’s CEO Multitasks His Management of an Expanding Company
Oct 6 2014 // Matt Fairfield, the founder and CEO of Dutch specialty insurance group ANV, has a lot on his plate managing the company’s activities in insurance, reinsurance and the Lloyd’s market. Carrier Management caught...
Aon Benfield’s Impact Forecasting Head Explains the Latest in Models
Oct 6 2014 // Adam Podlaha, the head of Aon Benfield’s Impact Forecasting division, is responsible for overseeing the collection of the data and its implementation in creating the latest catastrophe and other models. He explained...
Coverage Options, Capacity Increase for Extreme Sports, Entertainment Risks Despite Exposures
Oct 6 2014 // Recent headline-making entertainment incidents – such as the death of actor Paul Walker during filming of the movie “Fast & Furious 7,” the collapse of the stage during country music band...
Lloyd’s Posts First-Half Profits of $2.72 Billion
Oct 6 2014 // Lloyd’s reported a profit of £1.67 billion [$2.7218 billion] for the first six months of 2014, marking a 21 percent increase on the corresponding period last year. The announcement said that “while these...
Surplus Lines Rate Hikes to Slow As Competition Grows
Oct 6 2014 // Two insurance rating entities see slowing rate increases for the surplus lines segment in the coming months as competition grows. Moody’s Investors Service said that the U.S. excess and surplus lines sector is...
NSM Insurance Group Acquires Texas-Based Specialty Aviation Underwriters
Oct 2 2014 // NSM Insurance Group announced the acquisition of Specialty Aviation Underwriters (SAU), located in Addison, Texas. Founded over 20 years ago, SAU specializes in aviation products. NSM Insurance Group underwrites more than...
Northeast National Brokerage Offers Underwriting Facility for Petro Industry
Oct 1 2014 // Wholesale broker Northeast National Brokerage LLC has launched an underwriting facility, registered at Lloyd’s, that specializes in excess liability for the petroleum distribution industry. Available across the...
Atlantic Specialty Lines Announces New Office in Saratoga Springs, NY
Oct 1 2014 // Saratoga Springs, NY, October 1, 2014– Atlantic Specialty Lines (ASL), a wholesale broker and specialty lines MGA offering a variety of property, casualty, professional, and personal lines coverages, continues its...
ProAssurance, Pro-Praxis Introduce Excess Package for Complex Healthcare Risks
Sep 30 2014 // ProAssurance Corp. of Birmingham, Ala., has launched a new suite of excess insurance coverages, ProAssurance Complex Medicine, or ProCxM, for large healthcare facilities and organizations. This new package of coverages and...
Specialty Insurance Group, Britton Gallagher Offer Pyrotechnics Program
Sep 30 2014 // Specialty Insurance Group (SIG), a member of the Everest Re Group Ltd., and independently operated insurance brokerage firm Britton Gallagher have together launched a new insurance, loss control and safety program for the...
Lloyd’s Chairman Nelson on Reinsurance Market, Coverholders, Future Expansion
Sep 29 2014 // Lloyd’s Chairman John Nelson is pleased with the current state of the Lloyd’s market. Shortly after Nelson was interviewed at the Reinsurance Rendezvous in Monte Carlo, Lloyd’s announced a $1.67 billion...
Swiss Re’s Property and Specialty Head on New and Diverse Risks
Sep 26 2014 // Edouard (Eddie) Schmidt is responsible for Swiss Re’s Property and Specialty Sectors around the world, which covers around a lot of ground. He explained how much, and what some of the difficulties he encounters are...
A.M. Best Affirms Rating of Kiln Syndicate 510
Sep 26 2014 // A.M. Best has affirmed the financial strength rating of A (Excellent) and the issuer credit rating of “a+” of Lloyd’s Syndicate 510 (United Kingdom), which is managed by RJ Kiln & Co. Limited (RJ...
Lloyd’s Posts First-Half Profits of $2.72 Billion
Sep 25 2014 // Lloyd’s reported a profit of £1.67 billion {$2.7218 billion] for the first six months of 2014, marking a 21 percent increase on the corresponding period last year. The announcement said that “while these...
Ballinger to Retire from Surplus Lines Stamping Office of Texas
Sep 24 2014 // The board of directors of the Surplus Lines Stamping Office of Texas (SLSOT) announced the retirement of Philip R. Ballinger as executive director after 22 years of distinguished service. He will remain in the post until...
