Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Lloyd’s Web Site Summarizes Current Opinions on Climate Change
Jan 23 2009 // “The string of natural catastrophes that wreaked havoc in 2008, costing the global economy $225 billion and leaving insurers with their second costliest year in history, graphically highlights the increasing risks to...
Arch Receives Approval for New Lloyd’s Syndicate
Jan 22 2009 // The Bermuda-based Arch Capital Group announced that the Company has received approval in principle from the Lloyd’s Franchise Board and the Financial Services Authority (FSA) to establish a new managing agent and...
Int’l. Underwriting Association Pledges Electronic Claims Payment Progress
Jan 21 2009 // An article on the Lloyd’s web site (www.lloyds.com) discusses plans by the International Underwriting Association for making claims payment a top priority for 2009. The IUA aims to double the number of new claims...
Lloyd’s Chairman Calls for Insurance Industry Input in Financial Regulation
Jan 20 2009 // Lloyd’s Chairman, Lord Peter Levene, has called for insurers to contribute to the debate about the future of financial markets, citing better regulation as the key way forward. In an article on the Lloyd’s web...
Minico Insurance Adds Enhancements for Self-Storage Specialty Program
Jan 20 2009 // Phoenix-based MiniCo Insurance has enhanced its self-storage specialty insurance program to include three new options. The specialty businessowner policy may be augmented by adding: -Blanket Property Coverage –...
Lloyd’s Exchange Offers Real Change
Jan 16 2009 // The Lloyd’s Exchange pilot initiative (See IJ web site – https://www.insurancejournal.com/news/international/2009/01/13/96927.htm] was formally introduced on Thursday to the general approval of all concerned....
American Pinnacle Partners Launches Western Pinnacle Insurance Services
Jan 14 2009 // Seal Beach, CA and Fresno, CA, January 14, 2009 — American Pinnacle Partners, Inc. (“APP”), a holding company of specialty insurance companies, announced today that APP through a two-step transaction has...
IBM Chosen to Provide Lloyd’s ‘Exchange Pilot’ Communication System
Jan 13 2009 // Lloyd’s announced that it has selected IBM to deliver the Lloyd’s Exchange pilot. “The Exchange will allow market participants to transfer risk information to each other using electronic messaging...
American Pinnacle Partners Announces Acquisition of Consolidated Special Risk Managers, Inc.
Jan 12 2009 // Seal Beach, CA and San Rafael, CA, January 12, 2009 — American Pinnacle Partners, Inc. (“APP”), a holding company of specialty insurance companies, and Consolidated Specialty Risk Managers...
People
Jan 11 2009 // National managing general agent Burns & Wilcox has promoted Anthony Cugini to manager of the company’s Houston office. He is responsible for increasing sales across all product lines, including professional...
Surplus Line Association of California Stamping Office Celebrates 70 Years
Jan 11 2009 // The Surplus Line Association of California’s Stamping Office is celebrating its 70th anniversary. On Dec. 1, 1938, then California Insurance Commissioner Rex B. Goodcell and Assistant Commissioner Harold B. Haas...
Economy and Climate Change Top New Year Agenda
Jan 11 2009 // For the moment the economic recession is driving the global stagecoach, while climate change is riding shotgun, but it’s not as bad as it could be. Reports from Europe point to the fact that the P/C industry’s...
Schroeder Heads New Minnesota Surplus Lines Insurance Association
Jan 9 2009 // Nicholas Schroeder is the first executive director of the new Surplus Lines Association of Minnesota (SLAM), a non-profit organization of brokers of insurance that is placed with companies that are not licensed in...
London Market Reform Group Sets 2009-11 Program
Jan 8 2009 // The Market Reform Group (MRG), which sets priorities for London’s insurance industry, has announced its plans to, in its words, “deliver a new growth spurt that will further cement London as the market of...
Lloyd’s Receives Guernsey General Insurance License
Jan 7 2009 // Lloyd’s announced that it has obtained a license to write direct general insurance business in Guernsey. “Before now Lloyd’s has been viewed as a ‘Recognized Insurer’, which has meant...
Lloyd’s, FSA Approve New MGA for ‘Sportscover’ Syndicate
Jan 6 2009 // The Financial Services Authority and Lloyd’s have given approval for a new managing agency to assume the management of the Sportscover syndicate, 3334 SCS. The new managing agency, Sportscover Underwriting Limited...
AIG’s Lexington to Manage AIG Public Entity Casualty Insurance Accounts
Jan 6 2009 // AIG Commercial Insurance will service all casualty insurance coverage for the public sector through its Lexington Insurance Co., the insurer announced. Specifically, effective as of Jan. 1, 2009, Lexington’s Casualty...
Lloyd’s Names Börjesson as First Nordic Area Manager
Jan 5 2009 // Lloyd’s has announced the appointment of Erik Börjesson as its first Nordic Area Manager. He will be based in Stockholm and will assist Lloyd’s syndicates and managing agents in building relationships with...
Lloyd’s Analyzes Madoff’s Impact on Professional Liability Coverage
Jan 2 2009 // The ripple effect from Bernard Madoff ‘s Ponzi scheme will inevitably flow across the Atlantic concludes an article on the Lloyd’s web site (www.lloyds.com). For many years Madoff’s fund paid high...
Despite Financial Crisis, Climate Change Concerns Continue
Dec 29 2008 // “This year’s climate change agenda has, if nothing else, highlighted that next year will be hard going for those wishing to set global agreement for action against climate change,” states a recent article...
