Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
A.M. Best Withdraws Ratings of Electric Lloyd’s of Texas
Mar 24 2010 // A.M. Best Co. has withdrawn the financial strength rating (FSR) of A (Excellent) and issuer credit rating (ICR) of “a” of Electric Lloyd’s of Texas (Electric Lloyd’s) (Dallas, Texas) and assigned an...
Monarch E&S Offers Medical Marijuana Program in California, Hawaii
Mar 23 2010 // Monarch E&S Insurance Services has a new medical marijuana program available to California and Hawaii agents. This program for medical marijuana dispensaries is offering a package, property and general liability...
8 New Markets in Response to Current Trends
Mar 22 2010 // Insurance Companies Generate New Programs to Bring in Additional Premium The last few years of the soft market have forced many carriers and agencies to get creative when it comes to bringing in additional premium. This...
Florida’s Market and How Surplus Lines Agents Are Faring
Mar 19 2010 // Hurricane Andrew, for all of the grief it delivered, gave wholesale broker Hull & Co. and Bruce Bowers a big opportunity. “Prior to ’92, there wasn’t much of a need for personal lines in the excess...
Argo Names Levinson as President of Excess/Surplus Units
Mar 18 2010 // Specialty lines insurer Argo Group US has appointed Louis Levinson to be president of the group’s E&S segment, overseeing the underwriting and business operations of Colony, Argonaut Specialty and Argo Pro. He...
Bermuda (Re)Insurance Association Releases Members’ 2009 Results
Mar 17 2010 // The Association of Bermuda Insurers and Reinsurers (ABIR) has released the 2009 global underwriting results for its 23 members, who write insurance and reinsurance from underwriting centers in Bermuda, Europe and the...
Best Affirms Ratings of Farmers Insurance Group and Members
Mar 17 2010 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Farmers Insurance Group and its members. Best also affirmed the debt...
Lloyd’s Must Pay Alleged Swindler Stanford’s Legal Fees, Court Says
Mar 16 2010 // A federal appeals court said Monday insurer Lloyd’s of London must pay claims related to alleged swindler Allen Stanford’s defense. Stanford, his former chief investment officer Laura Holt, and former...
American E&S Creates Package Program for Financial Institutions
Mar 12 2010 // American E&S (AES) Insurance Brokers has designed an exclusive Bank Package Program that will provide bankers’ professional liability, directors and officers, and bond coverage for financial institutions...
Hiscox Underwriting Chief on 2010 Outlook
Mar 11 2010 // London-based specialty insurer Hiscox, which launched a significantly expanded U.S. presence in 2006, saw gross profits reach record levels ($481 million) in 2009. In this exclusive interview with Insurance Journal, Hiscox...
Lloyd’s Chairman Visits Japan, So. Korea; Urges Closer Ties
Mar 11 2010 // Lloyd’s Chairman, Lord Levene, visited Japan and South Korea last week where he opened the new Lloyd’s Japan office and hosted an event with Korean Re, titled – Lloyd’s – A Working...
Florida Insurers Pin Hopes on Broad Bill Passed by Senate Panel
Mar 11 2010 // With the prospects for a controversial rate deregulation bill dimmed by Gov. Charlie Crist’s threat of a veto, the insurance industry is betting on a new wide-ranging insurance proposal to bring some reform to...
Kinsale Formed as Virginia-Based Specialty Insurer
Mar 10 2010 // Kinsale Capital Group has formed a Virginia-based E&S insurer, called Kinsale Insurance Co., that will underwrite commercial property/casualty and professional liability E&S lines in 31 states and the District of...
Mountain West Agency Services Names Kasper General Manager
Mar 8 2010 // Phoenix-based Mountain West Agency Services Inc., a wholly owned subsidiary of SCF Premier Insurance Co., named Donald L. Kasper general manager and Jim McErlean as marketing specialist. Kasper has worked in the insurance...
People
Mar 7 2010 // Thomas J. Schaffler has been named president of Lockton Cos. employee benefits practice in Chicago. He joined Lockton more than 10 years ago as executive vice president and producer and serves on the Chicago executive...
AAMGA Endows $1M Chair at Georgia State University
Mar 7 2010 // The wholesale insurance industry association, American Association of Managing General Agents, has created a Distinguished Chair in Risk Management and Insurance at the J. Mack Robinson College of Business at Georgia State...
State of Challenge: How Florida’s Surplus Lines Agents Are Faring
Mar 7 2010 // Interview with FSLA President Bruce Bowers Weak Economy, Insureds Going Bare, Hungry Admitted Markets and Citizens’ Low Rates Test Agents Hurricane Andrew, for all of the grief it delivered, gave wholesale broker...
Focus on Florida Surplus Lines
Mar 7 2010 // Florida Surplus Lines Premiums/Policy Count 2009 2009 2008 2007 2006 2005 Aggregate Premium $3.8 billion $4.2 billion $4.8 billion $4.7 billion $3.7 billion Policy Count 682,221 724,158 745,714 789,101 781,111 Top Florida...
People
Mar 7 2010 // The Main Street America Group announced that Steve Peeters, who most recently was president and chief operating officer of Jacksonville, Fla.-based Zurich Insurance Services, has joined The Main Street America Group as...
Aon Founder Comes Out of Retirement to Launch Global Wholesaler
Mar 7 2010 // The founder and retired chairman and CEO of the world’s largest insurance broker, Aon, has revealed the management team and a second subsidiary for his new global specialty insurance operation whose first company was...
