Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Wisconsin’s Capitol Insurance Promotes 3
Feb 24 2011 // Capitol Insurance Cos. of Middleton, Wis., announced that Kevin A. Klestinski has been named vice president of Property & Casualty Underwriting, Richard F. Boettner has been promoted to director of Underwriting –...
Litigation, Investigation Fears Driving Up D&O Insurance Limits
Feb 22 2011 // Directors and officers (D&O) liability insurance is gaining traction as more companies are increasing their D&O liability limits and a growing number with international operations are also purchasing D&O...
NRRA Compliance Checklist: Prepare Now for Surplus Line Tax Changes and Enjoy Your Summer Vacation
Feb 21 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...
People
Feb 21 2011 // The California Insurance Wholesalers Association honored David F. Anderson, chairman of Anderson & Murison, with its Wholesale Industry Award. Anderson was a founding president of CIWA from 1991 to 1993. He served on...
People
Feb 21 2011 // Rodney Smith Lloyd’s of London has appointed Rodney Smith to serve as the regional director for Lloyd’s newly established Southeast region. Smith will be based in Atlanta, Georgia and be responsible for market...
UK Government Announces Financial Regulatory Changes; ABI, Lloyd’s Comment
Feb 18 2011 // The UK’s Conservative government recently announced the long awaited regulatory reform proposals for financial services, covering both banks and insurers. They are far reaching, and will require changes in the way...
Mitsui Sumitomo at Lloyd’s Expands Team; Hires Five Execs
Feb 18 2011 // Mitsui Sumitomo at Lloyd’s has made five appointments to its corporate, mid-market and regional distribution teams as the UK non-life insurer continues its expansion drive. The corporate team has been strengthened by...
Lloyd’s CEO in China Talks on Expansion
Feb 14 2011 // A bulletin on the Lloyd’s web site notes that CEO Richard Ward “met with representatives from the China Insurance Regulatory Commission (CIRC) in Beijing last week, including the commission’s Vice...
Prepareth Not and Doom Your Summer Vacation
Feb 10 2011 // The Nonadmitted and Reinsurance Reform Act (NRRA), Subtitle B, Part I, Dodd-Frank Wall Street Reform and Consumer Protection Act, will usher in a new era of premium taxation and regulation for surplus lines insurance on...
Ryan Specialty Group Buys Concord Specialty Risk
Feb 10 2011 // Ryan Specialty Group (RSG) has acquired New York-based Concord Specialty Risk, a managing general underwriter and consultant that provides transactional risk insurance and loss mitigation-evaluation services. Terms of the...
Inferior Results Will Force Admitted Carriers Out of the E&S World, Eventually
Feb 10 2011 // The loss of market share in the surplus lines sector of the property/casualty insurance industry will turn around when standard carriers begin to experience negative results from the non-standard business they’ve...
Calif. Surplus Line Association Names New Officers
Feb 9 2011 // The members of the Surplus Line Association of California (SLA) have elected Patrick Hanley as their chairman. Hanley is president of Socius Insurance Services Inc. in San Francisco. Other officers elected for the 2011...
AIG to Take $4.1 Billion Q4 Charge for Reserves
Feb 9 2011 // Bailed-out insurer American International Group Inc. said it would take a $4.1 billion charge at its Chartis unit after a review showed higher-than-expected claims on older policies for asbestos exposure and workers’...
California Insurance Wholesalers Association Honors Anderson
Feb 8 2011 // The California Insurance Wholesalers Association has honored David F. Anderson, chairman of Anderson & Murison, with its Wholesale Industry Award. Anderson was a founding president of CIWA from 1991 to 1993. He served...
Beazley Extends Global Environmental Underwriting to Pollution Coverage
Feb 8 2011 // Specialist insurer Beazley announced that it is broadening its coverage of environmental risks, first launched by its U.S. company, by “establishing an environmental risks underwriting capability at Lloyd’s,...
People
Feb 7 2011 // Great American Insurance Group, headquartered in Cincinnati, Ohio, announced that Michael G. “Mike” Liguzinski will succeed John W. Sullivan as divisional president, Specialty Human Services Division, upon...
R-T Specialty to Acquire American E&S from Wells Fargo
Feb 7 2011 // Chicago-based R-T Specialty, the wholesale brokerage unit of Ryan Specialty Group, has agreed to purchase the wholesale insurance business of American E&S Insurance Brokers (AES) from Wells Fargo Insurance...
Lloyd’s Warns of Increases in Fraudulent Claims
Feb 7 2011 // Fraud is a fact of life for the insurance industry – part of the game so to speak. While some claims, as Lloyd’s notes in an article on its web site, may cause people to smile, the amount of money they cost the...
Lloyd’s of London Names Smith Southeast Director
Feb 2 2011 // Lloyd’s of London has appointed Rodney Smith to serve as the regional director for Lloyd’s newly established Southeast region. Smith will be based in Atlanta, Georgia and be responsible for market development...
Ryan Specialty Forms MGU to Offer Excess Casualty Coverage for Public Entities
Feb 1 2011 // Ryan Specialty Group, LLC (RSG) has launched CivicRisk (CRU), a managing general underwriter specializing in excess casualty coverage for public entities which includes, but is not limited to, cities, counties, school...
