Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
People
Jul 6 2009 // DeCotis Insurance Associates Inc. has named Devin B. Haughey chief operations manager. Haughey will oversee the general management and operations of DeCotis, an independent excess, surplus and specialty lines firm with...
Tower Group to Acquire Specialty Underwriters’ Alliance of Illinois
Jul 6 2009 // New York-based Tower Group Inc. has agreed to purchase Specialty Underwriters’ Alliance Inc., headquartered in Chicago, in a transaction valued at approximately $107 million. SUA said the deal will enable it to...
Jackson’s Death and Event Cancellation; Max Cap Rejected; Still Searching Air France Crash Cause; Den Dekker is New FERM
Jul 6 2009 // Michael Jackson’s untimely death, barely two weeks before he was to begin a long awaited series of 50 concerts stretching over eight months, has been the world’s top story. It’s also a story in London,...
Louisiana Commissioner: Session Successful for Insurance Bills
Jul 2 2009 // Louisiana Commissioner of Insurance Jim Donelon says the recently adjourned 2009 Regular Session of the Louisiana Legislature was a success when it came to insurance legislation. The Department of Insurance (DOI) saw 20...
Pape Appointed to Specialty Underwriters’ Alliance Board
Jul 2 2009 // Chicago-based Specialty Underwriters’ Alliance Inc. announced that Mark E. Pape has been appointed to its board of directors. Pape, a seasoned insurance executive, is currently a partner at Tatum LLC, the largest...
Lowery Resigns as President of Lloyd’s North America
Jul 1 2009 // LoriAnn Lowery has resigned her position as the President of Lloyd’s North America after a little more than a year on the job. Sue Langley, Lloyd’s Director, Market Operations and North America, said Lowery,...
TAPCO Underwiters Now Offering E&S Services to Mississippi Agents
Jul 1 2009 // TAPCO Underwriters, Inc., a Burlington, North Carolina-based excess and surplus lines managing general agency, is now offering its services to retail insurance agents in Mississippi. TAPCO is known for its unique service...
Starr Teams up with Talbot, QBE for Construction Risks through Lloyd’s
Jul 1 2009 // Starr Underwriting Agents Limited and Starr Specialty Lines Insurance Agency, LLC, both subsidiaries of C. V. Starr & Co., Inc. announced that they can now offer additional capacity of up to $75 million “through...
Surplus Lines, Reinsurance Streamlining Bills Introduced in Senate
Jun 26 2009 // Legislation aimed at streamlining and reducing barriers in state regulation of surplus lines insurance and reinsurance has been introduced in the U.S. Senate. The Nonadmitted and Reinsurance Reform Act (NRRA) of 2009, or S...
Specialty Insurer Ironshore Raises $300 Million for Expansion
Jun 23 2009 // Ironshore Inc. reported it has raised equity financing of up to $300 million to support the continued expansion of its specialty insurance business. In connection with this financing, Ironshore said it has entered into an...
Specialty Underwriters’ Alliance Extends Partner Agent Agreements
Jun 23 2009 // Chicago-based Specialty Underwriters’ Alliance Inc. has amended its Partner Agent Program Agreements with its three largest Partner Agents – Risk Transfer Programs LLC (RTP); American Team Managers Insurance...
Healthcare Providers: New Hampshire Can’t Take $110M Surplus
Jun 22 2009 // A coalition of more than 200 healthcare providers and policyholders has gone to court, saying the state has no right to take a $110 million surplus from a New Hampshire fund that underwrites malpractice insurance and use...
Tower Group to Acquire Specialty Underwriters’ Alliance of Illinois
Jun 22 2009 // New York-based Tower Group, Inc. has agreed to purchase Illinois-based specialty insurer Specialty Underwriters’ Alliance, Inc. in a transaction valued at approximately $107 million. Under the terms of that...
Montana Takes Back Surplus Lines Stamping Office Operations
Jun 22 2009 // Montana’s Department of Insurance is now handling the operations of the Surplus Lines Stamping Office. Under the change, the agency will directly review and process surplus lines submissions, verify that agents are...
People
Jun 15 2009 // Burns & Wilcox reported that Kendra Corman has joined the company as its new marketing director. Corman is responsible for managing the company’s advertising and marketing initiatives, which includes overseeing...
Contractor’s General Liability Coverage Limitations – A Road Filled with Landmines
Jun 15 2009 // Gencon, a general contractor, was nearly finished constructing a five-story apartment building when an employee accidentally damaged a sprinkler head causing a leak. Gencon made an emergency call to the plumbing store next...
Gov. Crist Signs Florida Surplus Lines Regulation Bill
Jun 12 2009 // Legislation intended to clarify the regulation of the surplus lines insurance industry in Florida has beeen signed into law by Gov. Charlie Crist. The legislation (HB 853) removes an ambiguity caused by two Florida Supreme...
S&P, Best Rate Beazley’s Holding Co.
Jun 10 2009 // Standard & Poor’s Ratings Services announced that it has assigned its ‘BBB+’ long-term counterparty credit rating to Beazley PLC, the Jersey-domiciled and Irish-tax resident, ultimate holding company...
Nautilus Insurance Group Receives Awards from the American Association of Managing General Agents
Jun 9 2009 // Scottsdale, Ariz. – June 9, 2009 – Nautilus Insurance Group, comprised of Nautilus Insurance Company (“Nautilus”) and Great Divide Insurance Company (“Great Divide”), member companies of...
Williams Joins Western Security Surplus Insurance Brokers in Dallas
Jun 9 2009 // Kyle Stevens, president/CEO of Western Security Surplus Insurance Brokers Inc. (WSS), announced that Karen G. Williams has joined the firm as contract underwriter in the Dallas office. She will report to Judy Hall, vice...
