Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
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...
P/C Industry’s Net Income Up $25B in 2009; Combined Ratio Improves
Apr 15 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...
AmWINS CEO DeCarlo on Colemont Merger, Texas and Going Global
Apr 14 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...
Olympus Is Latest Insurer Under Scrutiny by Florida Regulators
Apr 12 2010 // Another young Florida property insurance company is in trouble with state regulators and could lose its license if it does not cut back on business, boost its reinsurance and explain some if its accounting. Olympus...
Nestle Launches Ad Campaign, Insures Butterfinger With Lloyd’s
Apr 12 2010 // As part of its new Butterfinger advertising campaign, Nestle USA said it has taken out a $1 million policy with Lloyd’s of London to ensure the promise behind its tagline to ensure consumers can “always lay a...
Hanover Specialty Industrial Expands to New High-Hazard Classes
Apr 9 2010 // The Hanover Insurance Group Inc. has unveiled expanded offerings for industrial businesses through Hanover Specialty Industrial, which includes Hanover Specialty Industrial Property (HSIP) and Hanover Specialty Insurance...
Illinois Surplus Line Association Unveils Tutorial Videos
Apr 6 2010 // The Surplus Line Association of Illinois has launched a new series of training videos. The videos were developed for training licensees and clerical staff. The series of 16 different videos covers various topics from...
People
Apr 5 2010 // Accident Fund Insurance Company of America, based in Lansing, Mich., appointed Lisa Riddle the new vice president of Claims and Medical Operations. In her new role, Riddle is responsible for the strategic direction of...
Beauvais to Head Ironshore’s Construction Practice in U.S.
Apr 5 2010 // Specialty insurer Ironshore Inc. announced that Ben Beauvais will head the company’s domestic construction practice within its U.S. Specialty Casualty division, including the operations of IronBuilt. Beauvais, based...
Lloyd’s Graduates First Student Group
Apr 2 2010 // Lloyd’s announced that it has graduated the first group of graduate students from its new Program, which features an 18 month rotation, after which the new graduates will continue to work in London’s insurance...
Louisiana Surplus Lines Association Eyes Exemption Bill
Mar 31 2010 // One of the major bills of interest to the surplus lines industry in Louisiana during the current legilative session would clarify the exemption from rate and form filing for providers of excess and surplus insurance in...
Should Florida Follow New York and Revive Its Surplus Lines Exchange?
Mar 30 2010 // New York regulators are pursuing a reincarnation of the New York Insurance Exchange, a Lloyd’s of London-style insurance market that lasted for several years the last time it was tried. New York Insurance...
Arthur J. Gallagher to Acquire Lloyd’s Broker FirstCity Partnership
Mar 29 2010 // Illinois-based Arthur J. Gallagher & Co. has agreed to acquire substantially all of the insurance brokerage business of FirstCity Partnership Ltd. of London, England. The transaction is expected to close in April 2010....
Wisconsin-based Capitol Insurance Reports Strong 2009 Results
Mar 26 2010 // Capitol Insurance Companies (Capitol), a Middleton, Wis.-based national provider of specialty property-casualty insurance and commercial surety products, reported a strong year of underwriting profitability for the year...
Lloyd’s Posts 2009 Profits of $5.8 Billion
Mar 24 2010 // Lloyd’s announced overall pretax profits of £3.868 billion [$5.796 billion] for 2009, doubling the £1.899 billion [$2.84 billion] it reported for 2008. The record results were achieved despite ongoing...
