Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Lloyd’s Names Lang to Replace Chaplin as Head of Claims
Dec 17 2010 // Lloyd’s has appointed David Lang, former chairman of the market’s Claims Service Review Board, as the new head of claims. He replaces Kent Chaplin who is moving to Singapore to become the new head of...
Best Affirms Ratings of Lloyd’s Syndicate 2001 and Amlin plc
Dec 17 2010 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit rating of “aa-” of Lloyd’s Syndicate 2001, which is managed by...
RT Specialty New Administrator for Gen Star Diet Supplement Program
Dec 17 2010 // R-T Specialty has been appointed as the exclusive administrator for General Star’s NutraAdvantage program. NutraAdvantage offers specialty liability coverage for natural and organic supplements manufacturers,...
Lloyd’s Appoints Chaplin as New Head of Asia Pacific Region
Dec 17 2010 // Lloyd’s has appointed Kent Chaplin as the new head of its Asia Pacific operations based in Singapore, replacing Keith Stern who is now Lloyd’s regional manager for the UK and Ireland. From January 2011, Chaplin...
Allied World Reinsurance U.S. Launches Global Marine, Specialty Division
Dec 15 2010 // Allied World Reinsurance has launched a global Marine and Specialty Division that will initially offer reinsurance for marine, aviation, satellite and crop reinsurance on a global basis. Allied World Re U.S. has appointed...
R-T Specialty Acquires Oakbridge Insurance Services
Dec 10 2010 // The wholesale brokerage unit of Pat Ryan’s Ryan Specialty Group LLC, has acquired one of the nation’s largest executive and professional liability intermediary specialists. R-T Specialty LLC acquired...
Liberty International Underwriters Launches E&S Property Product
Dec 9 2010 // Liberty International Underwriters U.S. (LIU) has launched an Excess and Surplus Lines (E&S) Property product. This product provides wholesale brokers with a new market for their clients’ commercial property...
Lloyd’s Warns of ‘Increasing Stress’ on Water Resources
Dec 7 2010 // “Water scarcity is a pressing problem around the world – and not just in countries that have an arid climate,” warned Lloyd’s in its latest 360 Risk Insight report. “Water is a critical...
Online Database to License Surplus Lines Business Under Reform Efforts
Dec 7 2010 // One provision under new surplus lines insurance reform legislation was made easier to implement now that a national online producer database has expanded to meet the licensing needs of surplus lines brokers. The National...
PowerGuard Specialty Insurance Names Hilsendager VP
Dec 6 2010 // PowerGuard Specialty Insurance Services, a managing general agent and Lloyds cover holder specializing in insurance and risk management solutions for the wind and solar energy industries, added Fred Hilsendager as vice...
Texas Likely Will Seek to Protect Its Piece of SL Tax Pie
Dec 5 2010 // The federal financial services reform act signed by President Barack Obama in July 2010 contained a provision reforming the way surplus lines insurance premiums are reported and taxed. The Nonadmitted and Reinsurance...
European Storm Season Starts, But Forecasts are Difficult, Says Lloyd’s
Dec 1 2010 // The world really gets no respite from global weather events. Just as the hurricane season draws to a close, the European windstorm season, which usually lasts around four months, starts up. In its examination of the onset...
Teitell Elected President of Texas Surplus Lines Assoc.
Nov 30 2010 // Todd Teitell, executive vice president and branch leader of AmWINS Brokerage of Texas in Dallas, has been elected president of the Texas Surplus Lines Association Inc. Other elected TSLA officers for the coming year...
Willis Marine Review Concludes Surplus Capacity ‘Defies Logic’
Nov 29 2010 // Willis Group Holdings’ annual Marine Market Review has concluded that “while the shipping industry is showing tentative signs of recovery, the surplus capacity in the marine insurance market defies logic as...
State Legislators Adopt Surplus Lines Tax Compact, Compliance Resolution
Nov 24 2010 // The National Conference of Insurance Legislators (NCOIL) has adopted a revised version of the Surplus Lines Multi-State Insurance Compact (SLIMPACT) as well as a resolution urging the states to amend their insurance laws...
Lloyd’s Chairman To Discuss Emerging Risks on Dec. 2
Nov 24 2010 // “Risk-taking lies at the heart of business operations, and it can also lead to problems if not handled properly,” said Anil Puri, dean of Mihaylo College of Business and Economics at Cal State Fullerton. Thus,...
Sierra Specialty Names Silberstein Broker in Hawaii
Nov 23 2010 // Sierra Specialty of Clovis, Calif., has added Jean Silberstein as a broker to expand the company’s presence in Hawaii. Silberstein moved to Hawaii in 1978 and worked in the insurance wholesale business before...
Texas Likely Will Seek to Protect Its Piece of Surplus Lines Tax Pie
Nov 19 2010 // The federal financial services reform act signed by President Barack Obama in July 2010 contained a provision reforming the way surplus lines insurance premiums are reported and taxed. The Nonadmitted and Reinsurance...
‘Recruitment Scam’ Hits Lloyd’s; Warning Issued
Nov 18 2010 // Lloyd’s has posted a warning on its web site that it has discovered it’s “subject to a recruitment scam (Recruitment Fraud) in which people are being offered fictitious employment opportunities with...
Tennessee Insurance Department Easily Passes State Audit
Nov 17 2010 // A government audit of the Tennessee Department of Commerce and Insurance (TDCI) has found that the agency has managed to reduce costs and operate efficiently during the economic downturn. In fact, the state...
