Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
People
Nov 7 2011 // Westfield Insurance, headquartered in Westfield, Ohio, selected Dennis Baus to lead the company’s surety operations. Baus assumes the national surety leader responsibilities on Jan. 1, 2012, replacing Rick Kinnaird...
Declarations
Nov 7 2011 // Pollution “It’s not like we have the luxury to move out of there. The pollution is still there.” —Carla Hernandez, whose 4-year-old daughter is being treated at Children’s Hospital in Los Angeles...
Tech Chiefs Take on Standards, iPad, Light Bulb
Nov 7 2011 // Thomas Alva Edison would have been glowing had he been at the “Technology Issues in the U.S. & U.K.” panel discussion at the annual National Association of Surplus Lines Offices (NAPSLO) conference in San...
Lloyd’s Analyzes Baden-Baden Reinsurance Renewal Conclave
Nov 4 2011 // An article on the Lloyd’s website takes a look at the “insurance and reinsurance specialists,” who “converge in Baden-Baden to begin their ‘renewal season’ discussions in earnest and in...
Gorin Named Network E&S Insurance Brokers President
Nov 3 2011 // David J. Gorin has been named president of Network E&S Insurance Brokers LLC, a Simi Valley, Calif.- based managing general underwriter and wholesaler. Gorin’s immediate responsibility will be to establish and to...
Flagstone Re to Restructure Business; Sell Lloyd’s Operation
Oct 26 2011 // Flagstone Reinsurance Holdings has announced a number of strategic initiatives, which it said are “designed to realign the Company’s strategy and core capabilities.” Flagstone said it “intends to...
Chartis Expands NextGen Product to Specialty Trade Contractors
Oct 25 2011 // Chartis has expanded the industry classes addressed by NextGen Protection, a suite of environmental insurance solutions offered through its environmental division. The latest product in the NextGen Protection suite is CPL...
Marsh Says Workers’ Comp Rates Fell 1.1% on Average in Q3
Oct 25 2011 // Workers’ compensation rates decreased an average of 1.1 percent and a median of 1.5 percent at renewal during the third quarter, according to Marsh. The New York-headquartered brokerage firm released the data on Oct....
Surplus Lines Group Honors Haldeman, Leonard, Others in Industry
Oct 20 2011 // Hank Haldeman, executive vice president of The Sullivan Group and co-chair of the National Association of Professional Surplus Lines Offices (NAPSLO) legislative committee, was presented the Charles A. McAlear/NAPSLO...
Lloyd’s Insurer Omega Backs Haverford Offer
Oct 20 2011 // Insurance entrepreneur Mark Byrne pulled ahead in the race to buy Lloyd’s of London insurer Omega after Omega and its top shareholder backed his offer, prompting his main rival to withdraw. Omega, at the centre of a...
R-T Specialty Hires Wholesale Veteran Smith to Manage N.Y. Operation
Oct 18 2011 // R-T Specialty, the wholesale brokerage unit of Ryan Specialty Group, appointed industry veteran Mark Smith as president and managing director for the firm’s New York operation. Smith is a well-known industry...
Best Affirms Lloyd’s Syndicate 2010, Cathedral Capital Ratings
Oct 18 2011 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 2010, which is managed by...
Nationwide, Harleysville CEOs Say Merger All About Growth
Oct 17 2011 // The merger of insurer Nationwide Mutual with regional carrier Harleysville Mutual is all about growth, not only for the companies but also for their independent agents, according to the CEOs of the two...
Tech Chiefs Take on Standards, iPad, Light Bulb at Surplus Lines Conference
Oct 13 2011 // Thomas Alva Edison would have been glowing had he been at the “Technology Issues in the U.S. & U.K.” panel discussion at the annual National Association of Surplus Lines Offices (NAPSLO) conference in San...
Surplus Lines Execs Address Leadership, Perpetuation
Oct 11 2011 // Four industry leaders attempted to tackle explaining the definition of “leadership” and what it takes to be a leader, while addressing perpetuation concerns during the “Next Generation Panel Discussion:...
Atlantic Specialty Lines Acquires Financial Guarantee, American Tri-State Underwriters
Oct 7 2011 // Atlantic Specialty Lines Inc. (ASL) announced it has acquired Financial Guarantee Underwriters Inc. and American Tri-State Underwriters Inc. Financial Guarantee Underwriters has been servicing the surplus insurance needs...
Lloyd’s Enters Florida Reinsurance Market Under Reduced Capital Rule
Oct 7 2011 // Florida has added its first reinsurer from the United Kingdom to a list of reinsurers taking advantage of a state law that reduces reinsurers’ capital requirements. In an effort to attract more private capital to the...
FSA Changes Date for Solvency II Implementation, Lloyd’s, Aon Benfield Comment
Oct 7 2011 // On October 3, the UK’s Financial Services Authority (FSA) announced a revision to the dates on which it plans to implement the provisions of the European Union’s Solvency II regulations governing the insurance...
HCC Insurance Opens New Primary and Excess Casualty Divisions
Oct 6 2011 // Houston-based HCC Insurance Holdings Inc. has opened new primary casualty and excess casualty divisions led by Chris Day and Phil Joschko, respectively. The primary casualty and excess casualty divisions extend HCC’s...
Jansen and Hastings Launch Cove MGA
Oct 6 2011 // Two veterans in the London insurance marketplace have come together again to launch a new underwriting agency with a focus on U.S.-based homebuilders. Paul Jansen and Kevin Hastings have launched Cove Programs, a newly...
