Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Surplus Lines Premiums on the Rise in Texas
Dec 3 2012 // The amount of surplus lines insurance premium written in Texas rose by 25 percent as of the end of October compared with the same period the year before, signaling a boost to companies operating in this sector. Texas also...
Surplus Lines Premium on the Rise in Texas
Nov 30 2012 // The amount of surplus lines insurance premium written in Texas rose by 25 percent as of the end of October compared with the same period the year before, signaling a boost to companies operating in this sector. The state...
Carr Joins Mitsui Sumitomo at Lloyd’s to Expand Marine Liability Market
Nov 30 2012 // Mitsui Sumitomo at Lloyd’s announced the appointment of Darren Carr as Class Underwriter for its marine liability underwriting account in a move designed to expand that sector of its business. Carr joined Mitsui...
GMI in Pennsylvania Launches Norman Specialty Insurance Group
Nov 29 2012 // GMI Insurance — a Valley Forge, Penn.-based managing general agent for transportation insurance nationwide — announced the launch of Norman Specialty Insurance Group, a wholesale brokerage unit for specialty...
Van Eeten Elected to Lead Texas Surplus Lines Association
Nov 29 2012 // The Texas Surplus Lines Association Inc. announced that Kathy van Eeten, senior vice president – Regional Marketing for insurance broker CRC|Crump, has been elected president of the association for the coming year. Van...
Lloyd’s Report Focuses on ‘Gap’ in Disaster Costs and Insurance Coverage
Nov 28 2012 // A new report from Lloyd’s notes that the “the world has been battered by natural catastrophes in recent years, revealing a serious gap between the economic cost of natural catastrophes and the levels of insured...
Endurance Taps Parks-Carter to Head Western Excess Casualty Unit
Nov 21 2012 // Endurance Specialty Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, named Lynn Parks-Carter senior vice president to head its western region excess casualty insurance...
Lloyd’s America Names Northeast Region Director in Boston
Nov 20 2012 // Lloyd’s, the world’s specialist insurance market, appointed Glenn Dorr as director of Lloyd’s America’s Northeast region.Glenn DorrThe Northeast region is one of four established by Lloyd’s...
Q&A With ELANY Executive Maher on Surplus-Lines Industry’s Resiliency
Nov 16 2012 // The Excess Line Association of New York (ELANY) plays a vital role for New York’s surplus-lines industry. The group, a non-profit advisory association created by the New York statute in 1988, is charged with the duty...
Q&A: Surplus Lines Association of California Director McKay
Nov 15 2012 // Andrew G. Simpson, vice president of content for Wells Media Group Inc., recently grilled Surplus Lines Association of California Executive Director Benjamin McKay on an array of matters, including the market, new...
Best Affirms Markel International, Lloyd’s Syndicate Ratings; Outlook Stable
Nov 14 2012 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings of “a+” of UK-based Markel International Insurance Company...
Markel Promotes Thompson to President of Markel Specialty
Nov 9 2012 // Greg Thompson has assumed new responsibilities as president of Markel Specialty, a division of the Virginia-based specialty insurer Markel Corp. Thompson has been in the insurance business for 30 years. He began his career...
Superstorm Sandy Stress Scenarios Won’t Impact Insurer Ratings: Fitch
Nov 8 2012 // Even an extreme $40 billion scenario for property/casualty insurance industry losses from Hurricane Sandy would not drive material rating changes for insurers, analysts at Fitch Ratings said today. In a report providing a...
Xchanging Secures Lloyd’s Claims Reporting Contract
Nov 8 2012 // Xchanging, the business process, procurement and technology services provider and integrator, announced that it has been awarded a contract to build the platform for the Lloyd’s Claims Reporting Suite...
Canopius’ Chief Inga Beale Stresses ‘Client Focus’ for European Success
Nov 8 2012 // Lloyd’s has a good reputation in Europe, but managing agents need to become more client focused to be successful on the continent, explained Inga Beale, Group Chief Executive at Canopius Group Ltd. in an article on...
Risk Retention Groups’ Assets, Surplus Continue to Rise: Demotech
Nov 6 2012 // Risk retention groups reported an underwriting loss but a net income gain in the first half of 2012, according to a review of their financial data by the Ohio-based actuarial firm Demotech. RRGs continued to grow and...
Berkley Technology Underwriters to Offer International Coverage Through Lloyd’s
Nov 6 2012 // Berkley Technology Underwriters, LLC, a Minneapolis-based global technology underwriter, has been accredited as a Coverholder on behalf of Lloyd’s of London. As a Coverholder, Berkley Technology Underwriters is able...
Berkley Technology to Cover U.S. Tech Business through Lloyd’s
Nov 6 2012 // Berkley Technology Underwriters, LLC, a Minneapolis-based global technology underwriter and part of the W.R. Berkley Group, announced that it has “been accredited as a Coverholder on behalf of Lloyd’s of...
Surplus Lines: Regulators Vetting of Alien Nonadmitted Insurers
Nov 5 2012 // The National Association of Insurance Commissioners (NAIC) acts as the trade association for state insurance commissioners. The Nonadmitted and Reinsurance Reform Act of 2010 (NRRA) delegated to the NAIC responsibility for...
Marsh: Excess Casualty Rates Continue to Rise
Nov 5 2012 // Excess casualty insurance rates continued to rise in the third quarter of 2012, as insurers sought higher prices amid increasing claims and litigation trends, and a low interest rate environment, insurance broker Marsh...
