Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
How the California Bill Implements Federal NRRA Surplus Lines Reform
Mar 21 2011 // The Nonadmitted and Reinsurance Reform Act (NRRA), Subtitle B, Part I, Dodd-Frank Wall Street Reform and Consumer Protection Act, reaches out and touches California on July 21, 2011. In anticipation of its effective date,...
Lloyd’s Chaucer Lowers NZ Quake, Aus. Flood Loss Estimates; Assessing Japan
Mar 18 2011 // Chaucer Holdings PLC, the specialist Lloyd’s insurance group, has announced that it has reduced its best estimate for claims arising from the 2010 New Zealand earthquake and Australian floods. Chaucer previously...
Lloyd’s Insurer Kiln Enters Liability Market
Mar 17 2011 // Kiln, the international insurance and reinsurance underwriting group, and a subsidiary of the Tokio Marine group, announced that it has launched a new Liability function to underwrite and support general liability...
Lloyd’s Statement on Japanese Earthquake/Tsunami
Mar 15 2011 // Lloyd’s of London has issued the following statement on the Japanese earthquake: “Our thoughts are still with those affected by the major earthquake and tsunami events in Japan. “Lloyd’s is...
Maritime Program Group Creates Excess P&I Facility for Crewed Yachts
Mar 14 2011 // Maritime Program Group has launched a new Excess P&I facility specifically designed for crewed yachts. The new program through Navigators Insurance Co. offers up to $25,000,000 excess of $5,000,000 underlying for...
Lloyd’s Opens New Office in Rotterdam
Mar 10 2011 // Lloyd’s described the opening of its new office in the Dutch port city of Rotterdam as “embracing its marine roots.” They go back over 300 years and Lloyd’s pointed out that it already has a...
Intercare Specialty Risk Insurance Mergers with PRM Insurance
Mar 9 2011 // Rocklin, Calif.-based Intercare Specialty Risk Insurance Services Inc. and PRM Insurance Services Inc. have inked a contractual agreement for the companies to work together under the management of newly formed Phoenix Risk...
Lloyd’s Tackles Mardi Gras Risks
Mar 9 2011 //
How California Bill Implements Federal NRRA Surplus Lines Reform
Mar 8 2011 // The Nonadmitted and Reinsurance Reform Act (NRRA), Subtitle B, Part I, Dodd-Frank Wall Street Reform and Consumer Protection Act, reaches out and touches California on July 21, 2011. In anticipation of its effective date,...
Florida’s E&S Brokers: Doing Business in a World Gone Flat
Mar 7 2011 // Brokers Hoping Improving Economy, Changes in Tallahassee, Rate Deregulation Will Bring Some Relief The numbers alone tell the story. According to the Florida Surplus Lines Office, the total surplus lines premiums written...
Specialty Insurance Managers Launches Energy Division, Program
Mar 7 2011 // Austin, Texas-based Specialty Insurance Managers Inc. announced it has created a new Energy Division and hired Randy Bila as lead underwriter/broker. Bila has headed SIM’s general lines department for 19...
NRRA Surplus Lines Requirements: The Devil is in the Details
Mar 7 2011 // Editor’s Note: This is the second installment of a two-part article on compliance with the Nonadmitted and Reinsurance Reform Act. Part one appeared in the West region of Insurance Journal’s February 21, 2011...
Best Affirms CNA and Subs Ratings
Mar 3 2011 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of CNA Insurance Companies and its P/C members, as well as the ICR of...
Lloyd’s Market Association Issues Statement on Middle East Unrest
Mar 3 2011 // The Lloyd’s Market Association has issued the following statement concerning the wave of political protest and demonstration that have been unfolding in the Middle East and North Africa: “Clearly there has been...
Kiln, Lockton Team Up to Offer Cyber Coverage to UK Retailers
Mar 2 2011 // Lloyd’s insurer Kiln and international broker Lockton have teamed up to offer cyber insurance to small- and medium-sized online retailers. “The security and privacy cover is being made available to members of...
California Proposes to Disable Itself From Taxing 100% of Surplus Lines Premium
Mar 1 2011 // A California legislator has proposed a surplus lines bill — one effect of which will reduce California’s surplus lines premium tax revenues. On Feb. 9, 2011, California Assembly Member Solario introduced Assembly...
Chartis Expands CrisisResponseXS to Excess EPL Insureds
Feb 28 2011 // Chartis has introduced the extension of CrisisResponse XS coverage to its catastrophic excess employment practices liability (EPL) clients. Developed by Chartis’ Cat Excess Liability Division, CrisisResponseXS allows...
Ritchie to Head New Argo Int’l. Paris Branch Office
Feb 28 2011 // The Bermuda-based Argo Group International Holdings announced that Bruno Ritchie has joined the company to lead Argo Assurances, Argo Group’s new Paris-based underwriting platform for large specialty risks. The new...
Best Affirms Endurance Specialty and Subs ‘A’ Ratings
Feb 25 2011 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Endurance Specialty Insurance Ltd. and its affiliates. Best also affirmed...
R-T Specialty Names Booth Inside Broker
Feb 25 2011 // R-T Specialty LLC announced it has hired Michele Booth as an inside broker for the company’s La Jolla, Calif., office. Booth will work directly with Eileen Jolly on professional and executive liability placements....
