Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Atlantic Specialty Lines of Florida hires Shane Fowler, AAI, CLCS
Jun 9 2011 // Clearwater, FL, 6/9/11 – Atlantic Specialty Lines, Inc. Shane joins ASL of FL handling placement of all lines of commercial coverage for the Surplus Lines market. He has a concentrated expertise in construction...
Crum & Forster Makes Management and Operational Changes
Jun 8 2011 // New Jersey-based Crum & Forster has made a management switch in its specialty lines in connection with the recent acquisitions of First Mercury Financial Corp., Valiant Insurance and American Management Corp. Richard...
Bowden joins Lloyd’s Marketform as D&O Underwriter
Jun 8 2011 // Lloyd’s insurer Marketform announced that Directors’ and Officers’ liability underwriter Alexis Bowden has joined the company. She spent 11 years underwriting D&O at ACE European Group prior to...
Sherrie A. Chambers, CIC joins the Atlantic Specialty Lines, Inc. Corporate Personal Lines team
Jun 8 2011 // Richmond, VA, 6/8/11 – Atlantic Specialty Lines, Inc. Sherrie joins the ASL of FL office and corporate personal lines team bringing strong agency connections and relationships throughout the entire state of Florida. She...
Lloyd’s Welcomes North American Brokers
Jun 7 2011 // A group of 30 brokers from across the U.S. and Canada are set to visit Lloyd’s this week as part of an annually organized broker program. They will come to London for five days to “learn about the Corporation...
Catlin Launches Service Initiative for UK, Lloyd’s Brokers
Jun 6 2011 // The Catlin Group Limited announced a “major initiative by the Catlin Syndicate at Lloyd’s and Catlin UK to improve the service provided to brokers.” Catlin explained that as part of the new services its...
Calif. Surplus Line Premiums Slip
Jun 6 2011 // The Surplus Line Association of California Stamping Office announced premiums processed for the first quarter of 2011 of $953.7 million, a decrease of 4.34 percent from the total premiums processed in the same period in...
What Killed PIP and Citizens Reform?
Jun 6 2011 // P/C Industry Wins Some, Loses Some in Scott’s First Session It is axiomatic in Florida that when it comes to the legislature and insurance issues, the power brokers play to the last 72 hours. No matter how many...
Is $8 Billion Material? A Look at Year-End 2010 Reporting of Loss and Loss Adjustment Expense Reserve Adequacy
Jun 6 2011 // Loss and loss adjustment expense reserve development has traditionally been the focus of actuaries, auditors and financial analysts. Statutory insurance accounting financial reporting contains several measures that can be...
Florida Gov. Scott Signs Surplus Lines Bill
Jun 1 2011 // Florida is prepared to join other states around the country in bring its surplus lines business in line with the federal Nonadmitted and Reinsurance Reform Act. Governor Rick Scott signed SB 1816 into law authorizing the...
Aon Benfield Publishes Report on Lloyd’s
Jun 1 2011 // Aon Benfield’s Analytics’ Market Analysis team has launched its latest Lloyd’s Update report, covering the market’s financial performance in 2010 and business position in 2011. Key findings...
Brit Opens Lloyd’s Service Company in Australia
Jun 1 2011 // Brit Insurance, which is domiciled in the Netherlands and headquartered in London, announced the opening of a new Lloyd’s service company in Sydney, Australia. The bulletin noted that the new facility follows...
Will Next Big Nat Cat Turn Cycle? ‘Maybe’ Say Reinsurance CEOs
May 31 2011 // The reinsurance world has always been a bit arcane, but rarely to the extent it appears to be right now. Henry Keeling, the president and CEO of Guy Carpenter’s international operations, noted at the European...
Nevada Surplus Lines Association – 2011 WSSLC
May 27 2011 // Lake Tahoe, NV, 5/27/11 – The Western States Surplus Lines Conference (WSSLC) will be held at the Hyatt Regency Lake Tahoe Resort, Incline Village, NV on July 24-27, 2011. Book now to participate in educational...
Lloyd’s Market Association Elects New Board Members
May 26 2011 // The Lloyd’s Market Association (LMA) has announced the results of its Board election 2011 at its Annual General Meeting. The newly elected board members were listed as follows: Neil Maidment, Chairman of the Group...
Purm Jr. to Lead Argo’s New Brazil Insurance Operations
May 26 2011 // The Bermuda-based Argo Group International Holdings announced that Pedro Purm Jr. has been selected to serve as CEO of its commercial property and casualty insurance operations in Brazil. He “will oversee the...
Ryan Specialty Group Launches LifeScienceRisk
May 24 2011 // Ryan Specialty Group, LLC has introduced its LifeScienceRisk, a managing general underwriter specializing in generic pharmaceuticals, medical devices and nutritional supplements. Insurance products include commercial...
White Mountains’ Sirius to Launch Lloyd’s Syndicate
May 23 2011 // White Mountains Re Ltd. reports that its Sirius International Insurance Corp. affiliate has received approval in principle from the Lloyd’s Franchise Board to establish Lloyd’s Syndicate 1945. Syndicate 1945...
Lloyd’s Ark Syndicate Moves to ‘All in One’ Electronic Claims
May 19 2011 // Slowly, but surely the electronic revolution is gaining ground at Lloyd’s and throughout the London market generally. Ark Syndicate Management Limited at Lloyd’s became the latest to make the jump with the...
Ryan Specialty Group to Buy Lloyd’s Insurer Jubilee
May 18 2011 // Chicago-based insurance holding company Ryan Specialty Group, LLC (RSG) has agreed to acquire specialist Lloyd’s insurer Jubilee Group Holdings Limited. Jubilee Group Holdings owns Jubilee Managing Agency Limited and...
