Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Mitsui Sumitomo at Lloyd’s to Expand into Ireland
Apr 18 2011 // Mitsui Sumitomo at Lloyd’s confirmed that it is to establish branches in Dublin and Belfast as part of its expansion plans. The new operation will be headed by Alan Shiel, formerly the Ireland Country Manager at...
Freedom Specialty Insurance Introduces Excess Policy
Apr 13 2011 // Freedom Specialty Insurance Co. has launched its First Choice excess policy form. The coverage includes: Policy follows “followed policy,” easy to ensure terms match the “followed policy” Reduction...
Texas’ February Enforcements Bring Nearly $1M in Fines, Restitution
Apr 8 2011 // Enforcement actions taken by Texas Insurance Commissioner Mike Geeslin that became final during February 2011 resulted in fines and restitution totaling $920,170. The Texas Department of Insurance announced that the...
Lloyd’s Chaucer in Deal for First Russian Coverholder
Apr 6 2011 // Chaucer Syndicates Limited announced a new partnership with Nakhodka Re in Moscow and RFIB Ltd in London to launch SeaLine, as the first Lloyd’s coverholder in Russia. “Chaucer and RFIB acted as sponsors to...
Lloyd’s Writes the Ultimate Travel Policy for Sarah Outen
Apr 4 2011 // Lloyd’s has insured a football player’s hair, the anatomical attributes of various celebrities, and even a Frenchman’s heroic crossing of the English Channel in a bathtub. So, where else would English...
New Ohio Law Allows State to Join Surplus Line Compact
Apr 4 2011 // Ohio Gov. John R. Kasich signed legislation continuing Ohio’s involvement in the surplus lines insurance market, the governor’s office announced. House Bill 122 permits the director of the Ohio Department of...
NRRA Compliance Checklist: Prepare Now for Surplus Line Tax Changes and Enjoy Your Summer Vacation
Apr 4 2011 // Editor’s Note: This is the first of a two-part article on compliance with the Nonadmitted and Reinsurance Reform Act. The Nonadmitted and Reinsurance Reform Act (NRRA), Subtitle B, Part I, Dodd-Frank Wall Street...
WIAA Insurance Adds Market Access for E&S Coverage
Apr 1 2011 // WIAA Insurance Services, the general agency arm of the Western Insurance Agents Association (WIAA) has expanded their relationship with MarketScout Wholesale (MSW) and a select excess and surplus carrier. WIAA Insurance...
R-T Specialty Completes Acquisition of American E&S
Apr 1 2011 // Chicago-based R-T Specialty, the wholesale brokerage unit of Ryan Specialty Group, reports it has closed on the acquisition of American E&S Insurance Brokers (AES) from Wells Fargo Insurance Services. RT Specialty...
Lloyd’s Director Luke Savage on 2010 Results, Japan, What’s Ahead
Apr 1 2011 // His voice was a little husky, but Luke Savage – Lloyd’s Director of Finance, Risk Management and Operations – was still pleased to talk to the IJ about Lloyd’s financial results for 2010, which were...
Lloyd’s ‘Confident’ It Can Cope with Japan Claims
Mar 30 2011 // The Lloyd’s of London insurance market is confident it can deal easily with claims from Japan’s earthquake even though natural disasters almost halved its profit last year. Lloyd’s said its businesses had...
Lloyd’s Annual Report: $3.5 Billion 2010 Profit; ‘Solid’ Says CEO
Mar 30 2011 // Lloyd’s of London announced an overall profit of £2.195 billion ($3.522 billion) for 2010, a significant decrease from the record £3.868 billion (more than $6.2 billion) it recorded in 2009. The earnings report...
Piracy: Enough is Enough Say Shippers as They Seek Government Help
Mar 29 2011 // Ship owners are calling on governments to curb the escalating threat from the increasingly audacious attacks by Somali pirates. The attacks are being blamed for “strangling key maritime supply routes and for costing...
Ironshore Canada Launches Specialty Casualty Division
Mar 28 2011 // Ironshore Canada Ltd. created a specialty casualty division to underwrite insurance coverages for general liability, as well as umbrella and excess liability programs. Stephen Stewart has been named vice president to head...
Protective Specialty Announces Expansion of Professional Liability Product Offerings
Mar 25 2011 // Indianapolis, Ind. – Mar 25 2011 – Protective Specialty Insurance Company (PSIC) has expanded its product offerings to include Technology Professional Liability, Architects and Engineers Professional Liability...
Ohio Governor Signs Surplus Lines Insurance Legislation
Mar 23 2011 // Ohio Gov. John R. Kasich has signed legislation continuing Ohio’s involvement in the surplus lines insurance market, the governor’s office announced. House Bill 122 permits the director of the Ohio Department...
Commentary: Pending State Legislation to Implement NRRA is Fly in the Ointment
Mar 23 2011 // Pending state legislative proposals, such as California’s AB 315, that would implement the Nonadmitted and Reinsurance Reform Act of 2010 (NRRA) are akin to the fly in the ointment. The NRRA becomes effective on July...
Ironshore Specialty Introduces Lead Umbrella Product for Agriculture Industry
Mar 23 2011 // Ironshore Inc. has introduced Ironshore AgriProtection, an agriculture industry lead umbrella policy launched in response to increased demand from a large, middle market commercial agribusiness entities. Ironshore...
High-Risk Properties Require Higher Level of Care
Mar 21 2011 // High-risk property is a location that is inherently dangerous due to the nature of its operations or that is exposed to powerful forces of nature such as hurricanes, earthquakes, and floods. Insuring against these...
Alterra at Lloyd’s Appoints Abrahams Sr. Property Underwriter
Mar 21 2011 // Bermuda-based Alterra Capital Holdings Limited has announced the appointment of Mark Abrahams as Property Insurance Underwriting Manager for Syndicate 1400 at Alterra at Lloyd’s Limited. He has more than 15 years of...
