Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Here Comes Berkshire Hathaway
Jul 22 2013 // Interview with BHSI’s Peter Eastwood on Building a New E&S Giant When a veteran of CNA joined Berkshire Hathaway Specialty Insurance to lead the new venture’s professional liability division a few weeks...
Swiss Re, Lloyd’s Among Insurers Probed on Iran Sanction
Jul 22 2013 // Swiss Reinsurance Co. and Lloyd’s of London, the world’s oldest insurance market, are among insurance companies being probed by New York’s insurance regulator about their compliance with an expanded Iran...
Berkley Life Sciences Now Lloyd’s Coverholder for U.S. Business
Jul 18 2013 // Berkley Life Sciences, a global life sciences underwriter, has been accredited as a Coverholder, in conjunction with Berkley Global Underwriters, LLC, on behalf of Lloyd’s of London. As a Coverholder, Berkley Life...
Navigators Names President of Specialty Excess Casualty Unit
Jul 16 2013 // The Navigators Group Inc. announced that its principal underwriting agency subsidiary, Navigators Management Company, named Timothy D. Ryan as president of the Excess Casualty unit of Navigators Specialty, which focuses...
ACE Expands Catastrophe Capacity in North America
Jul 15 2013 // The ACE Group has increased catastrophe limits to $30 million across all its North American retail and wholesale broker-distributed commercial property lines of business. This capacity will be offered through ACE’s...
England joins Global Special Risks (GSR) as President and CEO
Jul 15 2013 // Houston-based Global Special Risks LLC (GSR), part of Ryan Specialty Group LLC, announced that Steven J. England has joined GSR as president and CEO. England was formerly with Ironshore as executive vice president for U.S....
Lloyd’s Insurer Advent Names Fitzgerald as CEO
Jul 12 2013 // Lloyd’s insurer Advent has named Nigel Fitzgerald as chief executive officer. The company said the appointment completes his planned transition to the CEO role since his arrival at Advent in November, 2012 as chief...
TWFG General Agency Named Lloyd’s Coverholder
Jul 10 2013 // Texas-based The Woodlands Financial Group announced it has been approved as a coverholder at Lloyd’s of London, which authorizes its TWFG General Agency to enter into contracts of insurance and to issue insurance...
Lloyd’s Says High Taxes, Regulation Burden European Firms
Jul 10 2013 // High taxation and new regulations are among the most pressing concerns for senior European company executives, according to a survey by Lloyd’s of London. The Lloyd’s Risk Index survey also found executives...
O’Donohoe Succeeds Tobin as Torus Group CEO
Jul 9 2013 // Dermot O’Donohoe has been appointed group CEO of the Torus Group, the specialty insurer said. O’Donohoe succeeds Clive Tobin, who is retiring and stepping down as an officer and director following four years of...
Chinese Insurer Buying Lloyd’s of London Building
Jul 8 2013 // Ping An Insurance Group Co., China’s second-largest life insurer, agreed to buy the Lloyd’s of London building from a Commerz Real AG-managed fund, two people with knowledge of the transaction said. A Chinese...
Lloyd’s CEO Ward Stepping Down at Year End
Jul 8 2013 // On July 3, Richard Ward, chief executive officer of Lloyd’s, announced his intention to resign at the end this year. “This has not been an easy decision to make but, as Lloyd’s longest-serving CEO, I...
Zurich’s Broker Relationship Leader Moves to Berkshire Hathaway Specialty
Jul 3 2013 // Berkshire Hathaway Specialty Insurance — the new commercial P/C insurance unit of Berkshire Hathaway — appointed Lori Spoon Rafkin as senior vice president, customer and broker engagement. Spoon Rafkin was...
Swiss Re, Lloyd’s Among Insurers Probed by N.Y. on Iran Sanction
Jul 1 2013 // Swiss Reinsurance Co. and Lloyd’s of London, the world’s oldest insurance market, are among insurance companies being probed by New York’s insurance regulator about their compliance with an expanded Iran...
Insurers Turned Underwriting Profit in Q1, Attained Record Surplus
Jul 1 2013 // First quarter results for U.S. property/casualty insurers show they made a profit on underwriting for the first time since late 2009. Private U.S. property/casualty insurers’ net income after taxes rose to $14.4...
People
Jul 1 2013 // Andrew Torrance has been named the new president and CEO of Novato, Calif.-based Fireman’s Fund Insurance, succeeding Lori Dickerson Fouche who left for Prudential Financial. Torrance, Fireman’s Fund’s...
Guy Carpenter Launches New Mutual Company Specialty Practice
Jun 28 2013 // Guy Carpenter & Co., LLC, a global risk and reinsurance specialist and member of Marsh & McLennan Cos. have launched Mutual Company Specialty Practice which will focus exclusively on the needs of mutual insurance...
Aon Benfield’s Analysis of the Lloyd’s Market
Jun 26 2013 // Aon Benfield Analytics’ Market Analysis team has released its latest Lloyd’s Update report, covering the market’s 2012 financial results and business position in 2013 The report highlights the following...
Best Europe Affirms Lloyd’s Syndicate 1225 Ratings; Outlook Stable
Jun 25 2013 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 1225, which is...
P/C Insurers Turned Profit on Underwriting in Q1, Attained Record Surplus
Jun 24 2013 // First quarter results for U.S. property/casualty insurers show they made a profit on underwriting for the first time since late 2009. Private U.S. property/casualty insurers’ net income after taxes rose to $14.4...
