Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Liberty International Underwriters Names Clauson SVP of Excess Casualty
May 29 2013 // Liberty International Underwriters (LIU), part of the Global Specialty division of Liberty Mutual Insurance, has appointed Peter A. Clauson as senior vice president of LIU Excess Casualty and Umbrella in the U.S. and Latin...
Chubb Subsidiary Approved as N.J. Domestic Surplus Lines Insurer
May 28 2013 // The Chubb Group of Insurance Companies said on May 23 it received approval from the New Jersey Department of Banking & Insurance to convert one of its subsidiaries, Chubb Custom Insurance Company, into a domestic...
S&P Applies Revised Insurance Criteria to 22 Reinsurers and Subs
May 24 2013 // Standard & Poor’s Ratings Services announced that it has reviewed its ratings on 22 large global reinsurance groups by applying its new ratings criteria for insurers, which were published on May 7, 2013. (See...
Lloyd’s Report Highlights Solar Storm Threat as Emerging Risk
May 23 2013 // “A large solar storm could leave tens of millions of people in North America without electrical power for several months, if not years, potentially costing trillions of dollars,” according to Lloyd’s...
U.S. Spending on Specialty Medications Will Rise 67%: Report
May 22 2013 // Spending in the U.S. on specialty drugs used to treat serious diseases is projected to increase 67 percent by the end of 2015, according to a forecast by pharmacy benefit management firm Express Scripts. Specialty...
Gene Eisenmann, Excess and Surplus Lines Industry Leader, Passes
May 21 2013 // Gene Eisenmann, a leader in the excess and surplus lines industry in Texas and nationally, has passed away after a long battle with a host of illnesses, his family by his side. A giant of E&S lines, Eisenmann built...
Risk Retention Groups Show Strong Financial Stability: Demotech
May 20 2013 // Risk retention groups (RRGs) continue to display strong and stable results, according to a recent analysis of year-end 2012 financial information. Demotech Inc., a financial analysis firm specializing in evaluating the...
California Surplus Lines: LLC Bill Thriving
May 20 2013 // Among a horde of bills wending its way through California’s Legislature, there’s an innocuous looking bill with simple language to change a few words in existing law that could have a great deal of meaning to...
Hudson Insurance Group Now Writing Excess Business in New York
May 15 2013 // Hudson Insurance Group, the U.S. Insurance Division of Odyssey Re Holdings Corp. has received approval from the Excess Line Association of New York to write excess line business in the State of New York through Hudson...
AAMGA Looks to Expand Membership
May 14 2013 // After a two year process in which the board of directors of the American Association of Managing General Agents (AAMGA) has examined the changing demographics within the wholesale insurance space, the board has voted to...
Illiniois-Based RLI Announces Leadership Promotions
May 8 2013 // Specialty insurer RLI Corp., based in Peoria, Ill., announced a number of promotions within its operations and underwriting team. Craig Kliethermes, senior vice president, risk services, has been promoted to executive vice...
Bill to Fix California Surplus Lines, LLC Contractors Law Thriving
May 7 2013 // As a horde of bills that’s introduced each year wends their way through both houses of California’s Legislature, a few people in the insurance industry are watching closely an innocuous looking bill with simple...
Risk Retention Groups Continue to Display Financial Stability: Demotech
May 7 2013 // Risk retention groups continue to display strong and stable results, according to a recent analysis of year-end 2012 financial information. Demotech Inc., a financial analysis firm specializing in evaluating the financial...
RenaissanceRe Posts $190.5 Million Q1 Net Income; 36.2% Combined Ratio
May 3 2013 // Bermuda-based RenaissanceRe Holdings Ltd. reported net income available to common shareholders of $190.5 million or $4.23 per diluted common share in the first quarter of 2013, compared to $201.4 million or $3.88 per...
Endurance Reports $92.1 Million Q1 Net Income; 85% Combined Ratio
May 3 2013 // Bermuda-based Endurance Specialty Holdings Ltd. reported net income available to common shareholders of $92.1 million and $2.13 per diluted common share for the first quarter of 2013, compared to net income of $74.4...
SNL: E&S Premiums Up in 2012; Top 30 Carriers Ranked
May 2 2013 // Excess and surplus lines premiums in the U.S. were up for a second consecutive year in 2012, rising 10.8 percent to $25.44 billion, and grew at a faster rate than in 2011, according to SNL Financial. Not too long ago —...
AIG Names Johnson to Succeed Bresnahan as Lexington Insurance President
Apr 29 2013 // American International Group Inc. (AIG) has named Jeremy Johnson as president and chief executive officer of its excess and surplus (E&S) lines unit, Lexington Insurance Co. in Boston. Johnson replaces David Bresnahan,...
‘Business As Usual’ Following Departures of AIG Execs
Apr 29 2013 // American International Group (AIG) has no intention of changing its excess and surplus lines business following the departure of four of its key commercial lines executives for Berkshire Hathaway. “It’s...
Wells Fargo Insurance Launches U.S.-Based International Specialty Group
Apr 24 2013 // Wells Fargo Insurance, part of Wells Fargo & Co., is expanding its International Specialty Group by establishing three new teams solely dedicated to serving the insurance and risk management needs of U.S. multinational...
Brit Global Specialty Acquiring Maiden Holdings’ E&S Renewals, Underwriting
Apr 22 2013 // Bermuda-based Brit Insurance and Maiden Holdings, Ltd. have announced a temporary 100 percent quota share reinsurance of Maiden’s Excess and Surplus (E&S) unit, Maiden Specialty, with Brit Global Specialty. The...
