Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Umbrellas for Residential Contractors in Uncertain Times
Jun 21 2010 // Why Commercial Umbrella Coverage Could Save the Day Residential construction is and has been an extremely important class of business for surplus lines insurers and agents. In recent years, however, demand for residential...
Neace Lukens Launches New Life Sciences Specialty Insurance Service
Jun 18 2010 // Neace Lukens, a national full-service private insurance broker, has expanded its insurance product lines to include a new specialty insurance service for companies in the life sciences industry. This new division will...
Avoca Insurance Forms Manchester Specialty Programs
Jun 18 2010 // Avoca Insurance Holdings has established Manchester Specialty Programs Inc. (MSP) as a national programs platform. William D. Thompson has been named president and CEO of the organization. Thompson is directly responsible...
Lloyd’s Team to Assess Chile Earthquake
Jun 18 2010 // Lloyd’s has confirmed that a team has been sent to Chile to “help the market better understand the impact of February’s earthquake and assist in ensuring the speedy payment of valid claims.” The...
Connecticut Warns Agents over Surplus Lines Placements
Jun 18 2010 // The Connecticut Insurance Department is warning producers against placing coastal homeowners in the surplus lines market if an admitted insurer has offered to renew their policies. Doing so violates state law. In a...
Jardine Named as New Deputy Chairman by Council of Lloyd’s
Jun 16 2010 // Lloyd’s announced that Paul Jardine from Catlin Syndicate Limited will become a Deputy Chairman of The Council of Lloyd’s following Ewen Gilmour’s retirement from the position earlier this month. Jardine,...
America First Insurance Appoints Jimenez to Specialty Lines AVP
Jun 15 2010 // America First Insurance, a Liberty Mutual Agency Markets regional company based in Richardson, Texas, has appointed Ray Jimenez to assistant vice president, Specialty Lines. In this position, Jimenez will be responsible...
Weak Predators, Demanding Prey Stymie Lloyd’s M&A
Jun 11 2010 // A bid for Lloyd’s of London insurer Brit is unlikely to trigger acquisitions in the battered sector because targets feel they can hold out against lowball private equity bids and trade buyers remain strapped for...
Allied World Establishes Syndicate 2232 at Lloyd’s of London
Jun 10 2010 // Bermuda-based Allied World Assurance Company Holdings announced that it has received approval from Lloyd’s of London to establish a new syndicate. Designated Syndicate 2232, with the pseudonym AWH, Allied World said...
Olympus Insurance Cleared by Florida Regulators
Jun 10 2010 // Home and condominium insurer Olympus Insurance Co., which in April came under scrutiny by Florida insurance regulators, has convinced the regulators that its financial contracts, accounting methods, reinsurance program and...
‘Green Energy Systems’ Now ‘Essential’ Says Lloyd’s
Jun 8 2010 // “Green energy systems are no longer just ‘nice to have,’ but are essential in securing our energy supply and protecting the environment,” according to a new report from Lloyd’s 360 Risk...
Football World Cup Insurance Coverage Totals Nearly $9 Billion
Jun 7 2010 // As the quadrennial Football (Soccer) World Cup readies for a month long series of matches in South Africa, insurance coverage has kept pace with one of the world’s biggest sporting events. It’s “insured...
Texas High Court Sides with Lloyd’s in Contractual Liability Exclusion Case
Jun 7 2010 // The Texas Supreme Court has found in favor of an excess insurance provider in a case involving the contractual liability exclusion in a Commercial General Liability (CGL) policy. In 1993, Dallas Area Rapid Transit...
People
Jun 7 2010 // Craig A. Payan has been elected to serve as chairman of the board of directors for Itasca, Ill.-based Associated Risk Managers International Inc. Payan is president of PA&T Insurance and Financial Services, an...
People
Jun 7 2010 // Louisiana Workers’ Compensation Corp. (LWCC) President and CEO Kristin W. Wall has been elected to the board of directors of NCCI Holdings Inc., a provider of workers’ compensation and employee injury data and...
Nautilus Insurance Group Receives Managing General Agents Award
Jun 4 2010 // Scottsdale, Ariz.-based Nautilus Insurance Group, comprised of W.R. Berkley Corp. member companies Nautilus Insurance Co. and Great Divide Insurance Co., has been recognized with community service, advertising and...
Torus Names 3 Senior Execs for Professional Lines in France, Germany
Jun 3 2010 // Torus, the global specialty insurer, announced the appointment of Mathieu Borneuf as Head of Management Liability and Jérôme Gillet as Head of Professional Liability. Both men are based in Torus’ new...
Chubb Establishes New Syndicate at Lloyd’s
Jun 2 2010 // Chubb Insurance Company of Europe SE has received approval from the Lloyd’s Franchise Board to establish a new Syndicate which will be named Chubb 1882. The new Syndicate will commence underwriting on June 14 for...
Lloyd’s Market Association Appoints Hurst-Bannister as Chairman
May 28 2010 // Barnabas Hurst-Bannister, Chairman of Travelers Syndicate Management Limited, has been elected Chairman of the Lloyd’s Market Association (LMA), which represents the interests of the Lloyd’s underwriting...
After Paying $6 Million, Lloyd’s Balks at More for Stanford’s Legal Teams
May 27 2010 // The insurance company paying jailed Texas financier R. Allen Stanford’s legal bills said this week it is tired of supporting his revolving door of attorneys and already has spent more than $6 million on lawyers from...
