Latest Excess Surplus Headlines

All the headlines from our Excess Surplus Topic Page, ordered by recency.

Business Risk Partners Launches Lloyd’s-Backed Miscellaneous E&O Form

Aug 19 2011 // Business Risk Partners (BRP) now offers a new standard professional liability (E&O) policy form for hundreds of service professions. Policies will be underwritten by Lloyd’s of London, the company’s partner...

Lloyd’s Marks 100th Anniversary of 1911 Act

Aug 19 2011 // The Lloyd’s web site notes that August 18th was the 100th anniversary of the 1911 Lloyd’s Act, which was instrumental in transforming the market from a primarily marine insurer, to the specialized global risk...

Lloyd’s Levene, Marsh’s Duperreault Assess Insurance Industry

Aug 18 2011 // Two industry heavyweights, Lloyd’s Chairman Lord Peter Levene and Brian Duperreault, President & CEO of Marsh & McLennan Companies, got together at the annual Lloyd’s New York City Dinner at the St...

Lloyd’s Moving to Des Moines

Aug 15 2011 // Editor’s Note: This article originally appeared in Insurance Journal’s Satire Issue, August 15, 2011. The content in this issue is not real and is not to be taken seriously. It’s supposed to be humorous....

China Buys U.S. Surplus Lines Industry

Aug 15 2011 // Editor’s Note: This article originally appeared in Insurance Journal’s Satire Issue, August 15, 2011. The content in this issue is not real and is not to be taken seriously. It’s supposed to be humorous....

Government Reaps Benefit of P/C Insurers’ Excess Profits

Aug 15 2011 // Editor’s Note: This article originally appeared in Insurance Journal’s Satire Issue, August 15, 2011. The content in this issue is not real and is not to be taken seriously. It’s supposed to be humorous....

Florida Eases Surplus Lines ‘Due Diligence’ Rule for Agents

Aug 10 2011 // Florida insurance agents should have an easier time placing commercial policies with surplus lines carriers under a new law that allows them to offer the coverage without first scouring the admitted market for the...

Hanover Adds Environmental Coverage for Industrial Manufacturers

Aug 9 2011 // The Hanover Insurance Group Inc. has expanded its Hanover Specialty Industrial insurance program for manufacturers, wholesalers and distributors by adding environmental liability protection. The additional coverage will...

Travis Wins Claitor Scholarship from Texas Surplus Lines Group

Aug 9 2011 // Mary Travis, IMS/London American, was presented with the 2011 Jack Claitor Memorial Scholarship at the meeting of the Texas Surplus Lines Association. TSLA President Todd Teitell said Travis is the 21st recipient of this...

Lloyd’s: Drought Caused Subsidence Costliest Natural Hazard in Parts of Europe

Aug 9 2011 // An article on the Lloyd’s web site notes that “news reports on climate change have focused on dire predictions of more hurricanes and increasing flooding due to rising sea levels. But subsidence caused by...

California Governor Signs Surplus Lines Bill

Aug 4 2011 // California’s Insurance Commissioner Dave Jones today applauded Governor Jerry Brown for signing legislation, sponsored by the Department of Insurance, which allows California to implement provisions in a new federal...

Lloyd’s Innovation to be Profiled at MarketScout’s Entrepreneurial Insurance Symposium

Aug 2 2011 // Hank Watkins, President of Lloyd’s America, will outline Lloyd’s new initiatives DALLAS, August 2, 2011 – Hank Watkins, President of Lloyd’s America, will deliver a keynote presentation to over 400...

State Auto Reports Increase in Net Loss and Premium Written in Q2

Aug 2 2011 // Columbus, Ohio-based State Auto Financial Corp. reported a second quarter 2011 net loss of $201.4 million, or $5.01 per diluted share, versus a net loss of $26.2 million, or $0.66 per diluted share, for the second quarter...

Surplus Lines Law In Effect; Taxes Up in Air

Aug 1 2011 // The implementation deadline for the Non-admitted and Reinsurance Reform Act arrived on July 21. States have been scrambling over the past year to update their surplus lines laws to comply with NRRA requirements and to...

Surplus Lines Law In Effect; Taxes Up in Air

Aug 1 2011 // The implementation deadline for the Non-admitted and Reinsurance Reform Act arrived on July 21. States have been scrambling over the past year to update their surplus lines laws to comply with NRRA requirements and to...

California Surplus Lines Bill Signed Into Law

Aug 1 2011 // Gov. Jerry Brown has signed legislation (Assembly Bill 315) that brings California in line with provisions in the new federal surplus lines insurance law, the Non-admitted and Reinsurance Reform Act of 2010 (NRRA), which...

People

Aug 1 2011 // Wholesale insurance broker AmWINS Group Inc. is expanding its operations with a new office location in Morehead City, North Carolina. Karen G. Toler, formerly of Burns & Wilcox, has joined AmWINS to lead this new...

Ready or Not, New Surplus Lines Law Is Here

Aug 1 2011 // The implementation deadline for the Nonadmitted and Reinsurance Reform Act has arrived. States have been scrambling over the past year to update surplus lines laws that will conform with NRRA requirements, while agents and...

Lloyd’s Appoints Steel New Open Form Appeal Arbitrator

Jul 29 2011 // Lloyd’s announced the appointment of Sir David Steel as the next Lloyd’s Open Form (LOF) appeal arbitrator to hear salvage cases arising under the Lloyd’s Form of Salvage Agreement. He will succeed Mr....

Lloyd’s Receives Approval for Reduced Collateral from New York

Jul 29 2011 // Lloyd’s announced that it has received approval from the New York Insurance Department to post reduced collateral on reinsurance contracts. Lloyd’s said it has been approved as a “Secure-3 reinsurer,...