Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Lloyd’s Market: ‘No Direct Threat’ to Suez Canal Shipping
Jan 31 2011 // No direct threat to ships passing through the strategic Suez Canal waterway exists at the moment, despite unrest in Egypt, a senior official with London’s marine insurance market said on Monday. “We are not...
Howden Specialty Underwriters Forms Management Liability Program with LIU
Jan 25 2011 // Howden Specialty Underwriters LLC, a subsidiary of Hyperion Insurance Group Limited, and Liberty International Underwriters (LIU), the global specialty lines division of Liberty Mutual Group, now offer a management...
Great American Names Liguzinski to Lead Specialty Human Services Division
Jan 25 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...
North Carolina Beach Plan to Retrieve Surplus Returned to Insurers
Jan 24 2011 // North Carolina Insurance Commissioner Wayne Goodwin has announced a settlement agreement that calls for the North Carolina Insurance Underwriting Association, known as the Beach Plan, to reverse the more than $16 million...
Inferior Results Will Force Admitted Carriers Out of the E&S World, Eventually
Jan 24 2011 // Turnaround May Not Happen Until 2012 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...
Much State Regulatory Ado About Little
Jan 24 2011 // Home State Taxation Under the NRRA As of July 21, 2011, the Nonadmitted and Reinsurance Reform Act (NRRA), also known as Subtitle B of the Dodd-Frank Wall Street Reform and Consumer Protection Act, reshapes the landscape...
Ryan Specialty Intros New CAT/Construction Risk Facility in Texas
Jan 20 2011 // Chicago-based Ryan Specialty Group LLC (RSG) has launched Technical Risk Underwriters (TRU), a specialty managing general underwriter (MGU) focused on providing best in class underwriting for complex construction and...
Allianz Global Corporate & Specialty Launches New Website
Jan 19 2011 // Allianz Global Corporate & Specialty (AGCS) has published a new corporate website, featuring “an extensive knowledge section and other enhancements to keep its clients, brokers, business partners, press and any...
Lloyd’s Ribeiro Beats a Path to the World’s Insurance Door
Jan 18 2011 // As director of international markets for Lloyd’s of London, Jose Ribeiro has a lot of responsibilities. He took a brief time out, as he prepared for a trip to China, to tell the Insurance Journal a little bit about...
2011 Insurance Industry Meetings and Conventions Directory
Jan 10 2011 // Welcome to Insurance Journal’s 2011 Insurance Industry Meetings and Conventions Directory. The information in this directory is taken from a larger database containing additional information on these and other...
E&O Insights: Hotspots to Consider When Insuring Construction Risks
Jan 10 2011 // Workers’ Compensation, Certificates of Insurance, Unique Policy Language Areas of Concern Although the economy has taken its toll on the construction industry, the majority of insurance agencies probably insure a...
Multi-State Surplus Lines Tax State Inaction Risks Loss of Premium Tax Revenue
Jan 10 2011 // State Inaction Risks Loss of Premium Tax Revenue The States appear poised, through inaction, to leave untold millions of dollars in premium tax revenue “on the table” when the Nonadmitted Insurance and...
Lloyd’s Looks to Gov’t. Reforms to Reduce Skyrocketing Legal Costs
Jan 10 2011 // Lloyd’s leaders have long warned that the “compensation culture” is steadily increasing the costs of legal actions in the UK, as plaintiffs’ lawyers pursue more actions and seek larger recoveries...
5 New Appointments Strengthen Mitsui Sumitomo at Lloyd’s U/W Team
Jan 7 2011 // Mitsui Sumitomo at Lloyd’s, a leading UK insurer, has announced a string of new appointments that continues to strengthen its underwriting team. Chris Bottomley has been appointed as Underwriting Manager, Property...
Wholesale Brokerage R-T Specialty Opens Dallas, Texas Office
Jan 7 2011 // R-T Specialty, LLC (RT), the wholesale brokerage arm of Ryan Specialty Group LLC (RSG) has opened a new office in Dallas, Texas. Rajan Shah will direct the office as president. Shah brings more than 17 years of experience...
California Wholesaler Appointing Wholesalers, Surplus Lines Brokers, MGA’s to Write E&O Insurance
Jan 5 2011 // Effective January 5 2011 – Laurel Fowler Insurance Broker, Inc – California based wholesaler is appointing Wholesalers, Surplus lines Brokers and MGA’s in Texas, California, Florida and most States, to...
Top 5 Things Affecting Excess & Surplus Market in 2011
Dec 30 2010 // It has been a challenging few years for those in the excess and surplus (E&S) lines insurance market. An endless soft market, extreme competition from the standard markets, and a bad economy left wholesale and retail...
Lloyd’s Does Well in a Tough Year
Dec 30 2010 // Lloyd’s year-end review shows that, like the rest of the industry it faced a number of challenges in a difficult year. Low interest rates diminished investment returns for insurers, while the soft market provided...
Best Affirms Lloyd’s Syndicates 2623, 623, 3623, 3622 Ratings (Beazley)
Dec 22 2010 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength ratings of ‘A ‘(Excellent) and issuer credit ratings (ICR) of “a+” of Lloyd’s Syndicate 2623, Lloyd’s...
State Inaction Risks Loss of Surplus Lines Premium Tax Revenue
Dec 21 2010 // The States appear poised, through inaction, to leave untold millions of dollars in premium tax revenue “on the table” when the Nonadmitted Insurance and Reinsurance Reform Act (NRRA) becomes the law of the land...
