Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
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...
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...
Haste Named Lloyd’s Deputy Chairman
Nov 1 2012 // Lloyd’s has appointed Andy Haste as senior independent deputy chairman on the Council of Lloyd’s. Haste, whose three-year term starts on Nov.1, has more than 30 years of international financial services...
ANV Settles in as Lloyd’s MGA, as Capacity and Syndicates Grow
Oct 25 2012 // There are now 78 operating syndicates at Lloyd’s; 88, including Special Purpose and RITC syndicates. Although no new ones have so far joined Lloyd’s this year; three syndicates have transferred ownership:...
California Commissioner Considering ‘Force-placed’ Regulations
Oct 24 2012 // A meeting slated for Thursday called for by California Insurance Commissioner Dave Jones to deal with “force-placed” insurance has cast the dye for debate on whether such insurance should be filed in the...
Argo International’s Lloyd’s Syndicate Adds Casualty Treaty Reinsurance Class
Oct 24 2012 // Argo Group International Holdings, Ltd., an international underwriter of specialty insurance and reinsurance products, will expand its offerings in the international casualty marketplace to include treaty reinsurance...
IPMG Names Dowty Specialty Lines Practice Leader
Oct 24 2012 // Insurance wholesaler Insurance Program Managers Group (IPMG), based in St. Charles, Ill., has added Terry Dowty as specialty lines practice leader. Dowty has more than 25 years of expertise in all areas of insurance. He...
Florida’s Citizens Puts Brakes on Surplus Note Program
Oct 22 2012 // By Michael Adams Florida’s state-backed property insurer has put the brakes on its plan to loan private insurers up to $350 million in surplus while it addresses a growing wave of criticism from lawmakers, elected...
Business Moves – Southeast
Oct 22 2012 // TWFG Texas-based The Woodlands Financial Group (TWFG) announced a substantial expansion of its network, adding new branches in multiple states, from California to Virginia. Many of the new branch managers are former...
Business Moves – Midwest
Oct 22 2012 // MJ Insurance, Mead & Company Property/casualty and employee benefits agency, MJ Insurance, has acquired Indianapolis-based Mead & Company. Mead & Company is a multi-generational family business operated by the...
Business Moves – East
Oct 22 2012 // Bollinger, The Morville Agency Short Hills, N.J.-based insurance brokerage Bollinger Inc. has acquired The Morville Agency of Newton, N.J. The Morville Agency specializes in insuring New Jersey public entities. The...
Philadelphia Insurance Names Bayer as Senior VP of E&S, Promotes Angelo in Southeast
Oct 18 2012 // Specialty property casualty insurer Philadelphia Insurance Companies has named Scott Bayer as senior vice president of Excess and Surplus Lines and promoted Tony Angelo to regional vice president for the Southeast. In his...
High Risks Seeing Double-Digit Hikes in Excess Casualty Rates: Marsh
Oct 17 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...
Chairman Nelson Talks About the Future of Lloyd’s
Oct 16 2012 // Lloyd’s of London Chairman John Nelson knew when he acceded to his post one year ago that his predecessor, Lord Peter Levene, would be a hard act to follow. Levene served for nine years and oversaw significant...
