Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
The View From London
Dec 21 2008 // Insurers Can Weather Global Financial Crisis Buyers that aren’t buying; houses that aren’t selling, banks that aren’t lending — sound familiar? But in this case it’s the United Kingdom that...
Retail, Wholesale Insurance Brokers Working on Electronic Transactions
Dec 19 2008 // Retail insurance agents and wholesale brokers are working on a plan to streamline how they do business together including improving electronic applications, electronic interfaces between the parties, and general agent Web...
Best Upgrades Allianz (US) Ratings to ‘A+’; Affirms Fireman’s Fund
Dec 19 2008 // A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A+’ (Superior) from ‘A’ (Excellent) and the issuer credit ratings (ICR) to “aa” from “a” of Allianz Global...
Hallmark Financial Services E&S Carrier Expands Into Texas, Louisiana
Dec 16 2008 // Hallmark Financial Services Inc. (Hallmark), based in Fort Worth, Texas, reported its subsidiary TGA Insurance Managers Inc. (TGA) will start issuing excess and surplus lines policies through its affiliate Hallmark...
Lloyd’s Releases New Three-Year Strategic Plan
Dec 12 2008 // Lloyd’s has published the latest revision of its three-year strategic plan, which outlines its “direction and key priorities” for the period. The bulletin noted that the plan and its annual Franchise...
Former Lexington Insurance CEO Kelley Named CEO at Ironshore
Dec 9 2008 // Specialty insurer Ironshore Inc. has named Kevin Kelley its chief executive officer. Bob Deutsch, the company’s founding CEO, will become Ironshore’s president. Kelley has been the longtime CEO of Lexington...
Lloyd’s Names Eutebach Market Relations Manager – Germany, Austria
Dec 3 2008 // Lloyd’s has announced the appointment of Volker Eutebach as its first Market Relations Manager for Germany and Austria. He joined Lloyd’s on December 1st, and will be based in Frankfurt, working closely with...
Best Affirms Amlin and Lloyd’s Syndicate 2001 Ratings
Dec 3 2008 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a” of Amlin Bermuda Limited (ABL) with a stable outlook. Best also affirmed...
Butschek Joins Insurance Specialty Group as Broker
Dec 2 2008 // Los Angeles-based Insurance Specialty Group’s Professional Liability Group named Catherine V.M. Butschek a broker in Dallas. Butschek began her insurance career in the retail arena. For the past 15 years, she has...
Surplus Line Association of California Stamping Office Celebrates 70th Anniversary
Dec 2 2008 // 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...
Aon Launches New Global Specialty Business Unit
Dec 2 2008 // Following the closing of its acquisition of the UK-based Benfield Group, Aon has announced that it has created a new global specialty business unit – Aon Specialty. The bulletin described the new operation as...
Zurich Closes Brazil Acquisitions
Dec 2 2008 // Zurich Financial Services announced that its Brazilian subsidiary Zurich Participações e Representações Ltda. (Zurich Participações) has completed the acquisition of common shares representing 87.35 percent in...
Hanover Insurance Completes Acquisition of Specialty Program Writer AIX
Dec 1 2008 // Super regional insurance carrier The Hanover Insurance Group, Inc. has completed the previously announced acquisition of AIX Holdings, Inc. Windsor, Conn.-based AIX Holdings is a specialty property and casualty insurer...
People
Nov 30 2008 // Willis Group Holdings appointed Phillip Ellis leader of a new division focused on growing the company’s Enterprise Risk Management business for Willis’ Global Retail and Specialty teams. He was most recently...
Lloyd’s Expects U.S. To Adopt Federal Regulation of Insurance
Nov 30 2008 // Pushed by the global economic crisis, the United States is expected to embrace federal regulation of the insurance industry as early as 2009, according to some financial and insurance executives. Federal regulation —...
Lloyd’s Conference Finds Progress in Insurers Efforts on Climate Change
Nov 26 2008 // Over 100 representatives from the financial services sector met at Lloyd’s on Nov. 24 to listen to what the insurance industry has been doing to combat climate change. The conference, held for the first time this...
Wholesale Broker Advanced E & S Group Acquires Florida’s Symons
Nov 24 2008 // Hollywood, Florida-based insurance wholesale broker Advanced E & S Group has acquired Symons International Group of Boca Raton and merged it into its Florida operation. Symons is a wholesale broker and underwriting...
North Dakota AG Says Workers’ Comp Surplus Not Correctly Figured
Nov 20 2008 // North Dakota’s workers’ compensation agency has not correctly figured its fund’s surplus, Attorney General Wayne Stenehjem says. He says the agency should include all its assets in the calculations and...
Lloyd’s and Rand Issue New Report on ‘Transatlantic Litigation Trends’
Nov 19 2008 // Lloyd’s and RAND have issued a new report on transatlantic litigation trends. The spread of what Lloyd’s Chairman Lord Peter Levene has called the “compensation culture,” is becoming an increasing...
