Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
English Football (Soccer) Season Kicks Off with Help from Insurance Industry
Sep 1 2011 // English football (soccer) matches resumed at the beginning of August with Manchester United, last season’s Premier League champions, favored to repeat this season. Like its counterparts in the U.S. – major...
Travelers Promotes Lloyd’s Syndicate 5000 Underwriters
Aug 30 2011 // Travelers announced a series of promotions within Travelers Syndicate Management Ltd. (Syndicate 5000), the company’s Lloyd’s operation, “to support long-term development in this important...
XL Names Beauregard to Lead E&S Property Unit
Aug 26 2011 // XL Insurance named Ronald E. Beauregard Jr. as senior vice president and chief underwriting officer for its excess and surplus (E&S) property business. Based in Boston, Beauregard reports to Roxanne Mitchell, president...
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...
