Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Florida Governor to Visit Lloyd’s of London
Jul 9 2012 // Florida Gov. Rick Scott is jetting off for foreign soil again — this time to the United Kingdom. Scott and his entourage left Saturday on a five-day trip that will include a visit to the world’s leading market for...
Mitsui Sumitomo at Lloyd’s Names Burke CRO
Jul 5 2012 // Mitsui Sumitomo at Lloyd’s has appointed Martin Burke as Chief Risk Officer. He has worked within the Lloyd’s and company markets for 15 years, most recently serving as Finance Risk Manager within the...
P/C Industry Should Not Expect Traditional Hard Market Soon: Hartwig
Jul 2 2012 // Although insurance rates have been drifting upward in recent months, the property/casualty industry is unlikely to see a return to the traditional hard market this year or next, an insurance expert told reinsurance...
P/C Insurers Profits Rose to $10.1B in Q1
Jun 27 2012 // Private U.S. property/casualty insurers’ net income after taxes rose to $10.1 billion in first-quarter 2012 from $7.8 billion in first-quarter 2011, with insurers’ overall profitability as measured by their...
Western Security Surplus Launches Admitted Bar, Restaurant Program in Calif.
Jun 26 2012 // Western Security Surplus Insurance Brokers has launched a bar, tavern and restaurant program in California. This is a brand new program in the California market, offering businesses products with access to an A- X rated,...
P/C Industry Should Not Expect Traditional Hard Market Soon: Hartwig
Jun 26 2012 // Although insurance rates have been drifting upward in recent months, the property/casualty industry is unlikely to see a return to the traditional hard market this year or next, an insurance expert told reinsurance...
Lloyd’s Details ‘Growing Impact of Climate Change’ as UN Meets
Jun 25 2012 // Lloyd’s has published a roundup of the environmental issues inherent in as the world grows warmer. The recently concluded Rio +20 Conference was an attempt – 20 years after the first conference – “to try to...
Fiske Joins XL Group’s Surplus Lines Team in Chicago
Jun 20 2012 // XL Group plc’s insurance operations added Mary-Ellen (Mimi) Fiske as vice president, umbrella and excess manager to its surplus lines unit in Chicago. Fiske reports to David Halm, chief underwriting officer and head...
Fairfax Runoff Sub RiverStone to Acquire All Shares of Brit Insurance Ltd.
Jun 19 2012 // The Netherlands-based Brit Group and Canada’s Fairfax Financial Holdings Limited have announced that RiverStone, Fairfax’ runoff subsidiary, has entered into an agreement with Brit to purchase all of the...
Business Moves – Midwest
Jun 18 2012 // strong>Arthur J. Gallagher & Co., Grossman & Associates Arthur J. Gallagher & Co. has acquired Grossman & Associates Inc. in Beachwood, Ohio. Terms of the transaction were not disclosed. Founded in...
Why Purchase Side ‘A’ Directors & Officers Liability Coverage?
Jun 18 2012 // Our clients sometimes ask why they should purchase side “A” directors and officers (D&O) liability coverage to protect their directors and officers from lawsuits when they are already providing broad...
Lloyd’s Market Association Issues Guidance in Case of Euro Exit
Jun 15 2012 // The Lloyds’s Market Association (LMA) has joined central banks and other financial instiutions in preparing for a possible euro zone exit. It has issued a “note” giving insurers and brokers guidance on...
Best Affirms Ratings of The Hanover Insurance Group and Subs
Jun 13 2012 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of the subsidiaries of the parent holding company, The Hanover Insurance...
UK’s CFC Launches Excess Underwriting Capability
Jun 11 2012 // London-based CFC Underwriting has launched an excess underwriting capability. CFC is a specialist lines underwriting agency backed by 17 Lloyd’s syndicates. It has clients in over 50 countries around the world and...
XL Political Risk, Trade Credit Unit Gets Approval for Lloyd’s Expansion
Jun 11 2012 // XL Group announced that its Political Risk and Trade Credit (PRTC) business has received approval from Lloyd’s to write Political Risk and Trade Credit risks using the Lloyd’s platform via XL Group’s...
Colony Specialty Launches Environmental Auto Product
Jun 11 2012 // Colony Specialty, a member of Argo Group International Holdings, Ltd., is now offering business auto coverage in conjunction with its general liability and pollution coverages through their environmental division. The...
R K Harrison Completes Specialty Lines Purchases from Gibbs Hartley Cooper
Jun 6 2012 // London-based R K Harrison announced that it completed the purchase of four businesses within Gibbs Hartley Cooper (GHC), a part of Marsh UK, on the 31st May. The businesses “comprise all of GHC’s Specie and...
Rockhill Launches E&S Primary General Liability Underwriting Unit
Jun 4 2012 // Rockhill Insurance Group has expanded its product offerings to include primary general liability. The new underwriting unit will be led by Bob Stone, who will be based in Dallas, Texas. Stone will focus on building a...
W. R. Berkley Receives FSA, Lloyd’s Approval for Syndicate Management Change
Jun 4 2012 // W. R. Berkley Corporation announced that the U.K. Financial Services Authority (FSA) and Lloyd’s of London have approved W.R. Berkley Syndicate Management Limited’s assumption of the management of W.R. Berkley...
Near National Property/Casualty Carriers Identified for 2012
Jun 4 2012 // The Demotech Company Classification System categorizes insurers into one of 11 categories based on an analysis of data reported by the companies to the National Association of Insurance Commissioners. The 11 categories...
