Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
People
Mar 7 2010 // Lockton Dunning Benefits appointed Sheri Pixley to the newly created position of executive vice president and practice leader of the Dallas-based health and welfare practice. Pixley has been involved in consulting with...
AAMGA Funds $1 Million Insurance Chair at Georgia State University
Feb 26 2010 // The wholesale insurance industry association, American Association of Managing General Agents (AAMGA), has created a Distinguished Chair in Risk Management and Insurance at the J. Mack Robinson College of Business at...
CCRIF, CIMH to Launch Excess Rainfall Model for New Insurance Policy
Feb 25 2010 // The Caribbean Catastrophe Risk Insurance Facility (CCRIF) and the Caribbean Institute of Meteorology and Hydrology (CIMH) are launching their Regional Rainfall Model today, February 25, at CIMH headquarters in Husbands,...
Lloyd’s Ranked as one of UK’s ‘Leading Business Brands
Feb 24 2010 // Lloyd’s has been selected as one of the UK’s leading business brands – ranking first in the insurance sector and 40th overall – in the 2010 Business Superbrands survey. Lloyd’s pointed out...
Florida Property Insurance: Northern Capital Loses Rating; HomeWise Consolidates
Feb 24 2010 // One fast-growing Florida homeowner insurer has had its rating pulled by its rating agency and reportedly halted new business while another domestic carrier is consolidating its business into one company from two. Northern...
Aon Founder Ryan Launches Specialty Wholesale Insurance Group
Feb 23 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...
Argo Group Net Income Rose by 87% in 2009 to $117.5 Million
Feb 22 2010 // The Bermuda-based Argo Group International Holdings, Ltd. (the successor company of the Argonaut Group) announced a record result for 2009 with net income rising by 87 percent to $117.5 million, or $3.81 per diluted share...
People
Feb 21 2010 // The Independent Insurance Agents of Texas (IIAT) on Feb. 2 presented its 2010 Independent Leadership Award to Joe Straus III, speaker of the Texas House of Representatives. The Independent Leadership Award was presented...
A Recurrence of Recalls; ‘PIGS’ in a Poke; Lloyd’s Powers on; Haiti Now Faces Floods and Hurricanes
Feb 21 2010 // First Toyota, then Honda – who’s next? 2010 is not starting out as a good year for car companies. Japan’s Toyota Motor Corp. was already in the process of recalling approximately 8 million vehicles, due...
Big Ships Have Big Risks
Feb 21 2010 // Grounding Claims, Fire, Engine Damage and Piracy All Concerns for Cruise Liners Cruise ships have been in the news a lot recently, but sometimes for the wrong reasons. Stories of passengers stricken with norovirus, or...
Ironshore Makes Two Executive Appointments
Feb 19 2010 // Specialty insurer Ironshore Inc. has appointed Jordan Gantz as senior vice president and chief underwriting officer of the U.S. Specialty Casualty unit. Gantz currently serves as senior vice president at Ironshore Risk...
Best Affirms Lloyd’s Syndicate 382 Ratings & Hardy Underwriting
Feb 16 2010 // A.M. Best Co. has affirmed the Best’s Syndicate Rating of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 382, which is managed by Hardy Underwriting...
Lloyd’s Analyzes Lurking Danger of Active Volcanoes
Feb 12 2010 // An article on the Lloyd’s web site (www.lloyds.com) points out that there are “around 1,500 active volcanoes in the world and, although deadly eruptions are rare, they can cause devastation to people and...
PartnerRe Changes Organizational Structure after PARIS RE Acquisition
Feb 12 2010 // Bermuda-based PartnerRe Ltd. Has announced organizational changes, following the acquisition of PARIS RE. The Company said it would “maintain its existing business unit-based operating structure, consisting of three...
Lloyd’s Releases 3-Year Strategy for 2010-12
Feb 8 2010 // Lloyd’s has released its 2010–2012 Strategy after a detailed review. The bulletin noted that it had consulted “over 50 managing agents, brokers and market associations” in assessing the...
Lloyd’s Ordered to Pay Alleged Swindler Stanford’s Defense Costs
Feb 7 2010 // A U.S. federal judge ordered insurer Lloyd’s of London to pay for alleged swindler Allen Stanford’s defense. Stanford and three other defendants sued the insurer after Lloyd’s stopped providing coverage...
Jubilee MGA Merges Lloyd’s Syndicates 1231 & 5820
Feb 5 2010 // Following Lloyd’s approval, specialist Lloyd’s insurer Jubilee Managing Agency Limited has merged its auto coverage Syndicate 1231 and its property and personal lines Syndicate 5820 for the 2010 year of...
Western Security Surplus Insurance Promotes 3 in Brokerage Unit
Feb 4 2010 // California-based Western Security Surplus Insurance Brokers (WSS) has announced changes in the personnel for the WSS Brokerage Division. In the Pasadena, Calif., office, Philip Tiomico, who has been with WSS since 2008,...
American Safety Adds 3 Underwriters
Feb 4 2010 // Atlanta-based specialty insurer American Safety Insurance (ASI) has hired several new underwriters at regional locations throughout the country. In its New Jersey office, Robert Williams joins ASI as a senior excess...
OneBeacon Selling Personal Lines Business to Tower Group
Feb 3 2010 // Massachusetts-based OneBeacon Insurance Group has agreed to sell its personal lines business to Tower Group Inc. in a deal that comprises two affiliate insurers and two reciprocal insurance exchanges in New York and New...
