Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Best Affirms Lloyd’s Syndicate 1225 (AEGIS) ‘A’ Rating; Stable Outlook
May 17 2010 // A.M. Best Co. has affirmed the Best’s Syndicate Rating of ‘A’ (Excellent) and issuer credit rating of “a+” of Lloyd’s Syndicate 1225, which is managed by AEGIS Managing Agency Limited ,...
Grimaldi Joins American E&S in Atlanta
May 12 2010 // American E&S Insurance Brokers has appointed Bob Grimaldi as the newest broker in its Atlanta branch. Reporting to Branch Manager Jud Hobby, Grimaldi will focus on property coverages with a specialty in layered coastal...
New Jersey Targeting Growth in Captive and Reinsurance Markets
May 11 2010 // New Jersey Insurance Commissioner Tom Considine praised new, bipartisan legislation that would grow the reinsurance market and create a captive insurance market in the Garden State. The captive insurance bill was put...
Specialty Insurer to Offer High Value Property Lines in Texas
May 11 2010 // PURE Risk Management LLC, based in White Plains, N.Y., is expanding its Privilege Underwriters Reciprocal Exchange (PURE), a member-owned reciprocal insurer, to offer comprehensive, customized property and casualty...
Suttie Named President of Berkley Medical Excess Underwriter
May 7 2010 // W. R. Berkley Corp. has appointed Collin J. Suttie as president of Berkley Medical Excess Underwriters LLC (BerkleyMed) in St. Louis, Mo. Suttie succeeds BerkleyMed founder J. Michael Foley, who will continue to be...
Hirsch Insurance Opens in Houston; Professional Liability a Specialty
May 5 2010 // Hirsch Insurance Agency opened its doors for business on April 24, 2010, in Houston, Texas. The newly created agency is founded by Zachary Alan Hirsch. Hirsch Insurance will specialize in lawyers professional liability, as...
E&S Direct Premiums Written Fall 7.5% From Prior Year
May 4 2010 // Excess and surplus insurers endured another year of declining premiums in 2009, writing 7.5 percent fewer direct premiums versus the prior year, according to SNL Financial’s analysis of the U.S. E&S market. The...
Western National Insurance Sees Rise in Surplus in Q1 2010
May 3 2010 // Western National Insurance Group in Edina, Minn., reported $5.5 million increase in policyholder surplus during the first quarter of 2010 over the amount reported at the end of 2009, as well as a 4 percent rise in the...
P/C Industry’s Net Income Up $25B in 2009; Combined Ratio Improves to 101
May 3 2010 // The U.S. property/casualty industry’s profitability as measured by their rate of return on average policyholders’ surplus (or statutory net worth) increased by 5.8 percent in 2009, while private P/C...
E&O Insights: Food for Thought When Insuring Bars and Restaurants
May 3 2010 // It is probably fair to say that just about every town has a restaurant or tavern. Thus, pursuing these commercial risks is probably close to a no-brainer. Before you take that first step, however, be aware that these risks...
Surplus Lines Exemption Bill Passes Louisiana House
May 3 2010 // Louisiana House Bill 285 by Rep. J. Kevin Pearson, R-Slidell, which exempts surplus lines from filing rates and forms, has passed the state’s House of Representatives. The Louisiana Surplus Lines Association supports...
AmWINS CEO DeCarlo on Colemont Merger, Texas and Going Global
May 3 2010 // The acquisition of wholesale insurance broker Colemont Insurance Brokers by its competitor AmWINS Group gives AmWINS entry into international markets for the first time and a bigger presence in Texas, where Colemont is...
W.R. Berkley Launches Virginia-Based E&S Unit
Apr 30 2010 // Connecticut-based insurer W. R. Berkley Corp. reported a $119 million profit in the first quarter and announced plans to open an excess and surplus (E&S) underwriting company in Virginia. Net premiums written were $984...
Calif. Workers’ Comp Premiums Not Affected By Rating Formula Changes
Apr 29 2010 // A recent report by the Workers Compensation Insurance Rating Bureau of California indicates that total statewide pur premium generated after application of 2010 workers’ compensation experience modifications has not...
W. Brown & Associates Purchases Vulcan E&S Insurance
Apr 28 2010 // W. Brown & Associates Property and Casualty of Irvine, Calif., has purchased the commercial lines business from Vulcan Excess and Surplus Insurance, effective May 1,2010. Vulcan President Brad Snow, along with Gina...
Greg Gold, CIC, CISR Joins the Atlantic Specialty Lines of Florida Team
Apr 27 2010 // Atlantic Specialty Lines of Florida, the Western Florida office of the independently owned Wholesale Brokerage firm with offices throughout the Mid-Atlantic, announces that Greg Gold, an experienced marketing and field...
Lloyd’s ‘360 Report’ Examines Water Scarcity Threats to Business
Apr 26 2010 // A new report in Lloyd’s “360” series examines the threats posed to business as a result of the increasing scarcity of water. According to the report, Global water scarcity: risks and challenges for...
Surplus Lines Rate, Form Filing Exemption Bill Passes Louisiana House
Apr 22 2010 // Louisiana House Bill 285 by Rep. Pearson, which exempts surplus lines from filing rates and forms, has passed the state’s House of Representatives. According to David Tatman, a representative for the Louisiana...
People
Apr 19 2010 // CNA appointed Nancy Osborn branch vice president for its Phoenix and Albuquerque, N.M., offices; and Connie Taylor vice president of its new Los Angeles branch office, scheduled to open in May. Osborn began her insurance...
Woebse Named President of American Empire Surplus Lines Insurance Co.
Apr 19 2010 // Cincinnati, Ohio-based American Empire Surplus Lines Insurance Company (AESLIC) has named Frederick J. Woebse president and chief operating officer. He succeeds Robert Nelson, who was named chairman and chief executive...
