Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
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...
Lloyd’s Expects U.S. To Adopt Federal Regulation of Insurance
Nov 19 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 in the...
People
Nov 16 2008 // The Texas Surplus Lines Association Inc. elected new officers and directors at its 52nd annual meeting held Nov. 3, 2008, at the Four Seasons Hotel in Austin. The new officers are: President Paul Rainey, president of RSI...
Retail Agents Left Wondering About Austin Surplus Lines
Nov 16 2008 // Austin Surplus Lines, a managing general agency with offices in the Austin, Dallas and Houston areas, apparently has ceased conducting some or all of its contracted business, to the surprise of at least some of its...
Best Affirms Lloyd’s Syndicates 609, 570 (Atrium/Ariel) ‘A’ Ratings
Nov 14 2008 // A.M. Best Co. has affirmed the Best’s Syndicate Rating of ‘A’ (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicates 609 and 570, both of which are managed by Atrium...
American E&S Appoints Broker in Seattle
Nov 12 2008 // Tonja Prince, an industry veteran with 17 years of experience, is the newest broker in the American E&S Insurance Brokers Seattle branch. Most recently with AmWINS, Prince specializes in casualty, property, and...
Marsh’s Bowring Supports Clients with Innovative Risk Transfer Products
Nov 11 2008 // Bowring, Marsh’s International Specialist Broker, announced new efforts to make its placement leadership meet the requirements of its clients by creating “five bespoke risk transfer products covering property,...
Retail Agents Left Wondering About Austin Surplus Lines
Nov 11 2008 // Austin Surplus Lines, a managing general agency with offices in the Austin, Dallas and Houston areas, apparently has ceased conducting some or all of its contracted business, to the surprise of at least some of its...
Max Cap Completes Lloyd’s Acquisition
Nov 10 2008 // The Bermuda-based Max Capital Group has completed the previously announced acquisition of Imagine Group (UK) Limited, a Lloyd’s insurance operation, from Imagine Insurance Company Limited. “Imagine...
Rainey Elected to Lead Texas Surplus Lines Association
Nov 10 2008 // The Texas Surplus Lines Association Inc. elected new officers and directors at its 52nd annual meeting held Nov. 3, 2008, at the Four Seasons Hotel in Austin, Texas. The new officers are: President Paul Rainey, president...
