Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Loucaides Joins Lloyd’s Jubilee Managing Agency
Oct 21 2008 // Jubilee Managing Agency, a specialist Lloyd’s insurer, has announced the appointment of Andreas Loucaides, the former CEO of Catlin UK, as Director of Underwriting “to expand its portfolio and diversify its...
Flagstone Re Buying Lloyd’s Marlborough Underwriting Agency
Oct 20 2008 // Bermuda-based Flagstone Reinsurance Holdings Limited has entered into an agreement to acquire Marlborough Underwriting Agency Limited, the managing agency for Lloyd’s Syndicate 1861. The Syndicate underwrites a...
Hanchey and Prince Join Specialty Risk Associates in Baton Rouge
Oct 20 2008 // Shreveport, La.-based Specialty Risk Associates Inc. has added Keri Hanchey and Terri Prince to its Baton Rouge branch team. Hanchey has joined as a commercial lines underwriter. She has more than 20 years’...
Regulatory Compliance
Oct 20 2008 // Retention of Business Records Most people dread record keeping, whether it is logging expenses, travel mileage, billable hours, laps on the treadmill or the birthday presents given to family friends. Although it is...
AIG Commercial Insurance Battles Back
Oct 20 2008 // Execs Say Balance Sheet, Underwriting Appetite Remain Strong as Ever Exclusive Insurance Journal Interview with AIG Commercial Insurance CEO John Doyle and CFO Rob Schimek The very strengths in its balance sheet, surplus,...
Surplus Lines: A Market in Transition
Oct 20 2008 // The Soft Market and Financial Crisis Could Lead Firms into ‘Uncharted Waters’ For surplus lines insurance providers the economic turmoil and soft insurance market means a double-hit on profitability. Some...
Industry Innovators Give Agents Alternative Solutions
Oct 20 2008 // How to Use Surplus Lines Brokers and Managing General Agents Recent estimates show that about one third of all commercial risks in the United States are placed in an “alternative market.” As producers already...
ACE Extends Commercial D&O Offering into Lloyd’s
Oct 17 2008 // ACE Europe announced that it has extended broker access to its market-leading Directors & Officers (D&O) portfolio by writing commercial D&O risks at Lloyd’s. Commercial D&O is now available...
Surplus Lines Association of California Increases Stamping Fee
Oct 17 2008 // The Surplus Lines Association of California Executive Committee and the Stamping Committee has approved an increase in the stamping free from 0.125 percent to 0.225 percent, effective Jan. 1, 2009. All new policies,...
Excess/Surplus Lines Claims Group Names Officers
Oct 16 2008 // The Excess/Surplus Lines Claims Association (ESLCA) has announced its new slate of officers and directors. Newly elected officers are: — President – Sandra Van Enk, Vice President, The Toa Reinsurance Co. of...
McGovern, Duggan Join National E&S Insurance Brokers
Oct 16 2008 // John McGovern and Paul Duggan have joined National E&S Insurance Brokers Inc., a specialty wholesale environmental insurance broker based in Palmdale, Calif. Both McGovern and Duggan have extensive experience in...
AIG Commercial Insurance Unit Financially Fit and Fighting Back
Oct 14 2008 // The very strengths in its balance sheet, surplus, underwriting and personnel that have made the Commercial Insurance unit of American International Group (AIG) a market leader are keeping it competitive even while the...
Aon: Bermuda Markets Introduce Single Excess Follow Form
Oct 13 2008 // Aon Corp. announced that key general liability insurance markets in Bermuda have for the first time agreed to accept a single excess follow form from Aon. The form will provide Aon’s clients “with greater...
TriSystems ‘Universal Messaging’ to Support Electronic Lloyd’s Trading
Oct 13 2008 // London Market reform technology specialists TriSystems announced that their Universal Messaging Gateway (UMG) suite is now available via the Internet in a move, which the Company says will “be widely seen as a...
ACE Bermuda Increases Capacity for Core Excess Liability Product
Oct 10 2008 // ACE Bermuda Insurance Ltd. has announced an increase in its Integrated Occurrence capacity from $100 million to $150 million effective immediately. This additional capacity is available under ACE Bermuda’s core...
SUA Insurance Offers Specialty Coverage in Hawaii
Oct 7 2008 // SUA Insurance Co. is now offering property/casualty insurance coverage to select customer groups in Hawaii, including general artisan contractors, roofing contractors, towing and recovery, trucking and transportation, and...
Ironshore Specialty Insurance Becomes Surplus Lines Insurer in California
Oct 6 2008 // The California Department of Insurance has added Ironshore Specialty Insurance Co. (ISIC) to its List of Eligible Surplus Lines Insurers (LESLI listing). ISIC will provide specialty commercial insurance coverages on an...
It Pays To Specialize
Oct 6 2008 // How Program Managers Beat the Commodity Trend and Soft Market Despite challenging soft market conditions, today’s program administrators should be able to seize the day’s market opportunities thanks to their...
Competitors Offer to Fill the Gaps
Oct 6 2008 // There have been some subtle and not-so-subtle moves by competitors in reaction to AIG’s troubles. Navigators Pro increased its capacity for directors and officers (D&O) liability insurance, citing the...
American E&S Appoints Insurance Broker in Fresno
Oct 1 2008 // American E&S Insurance Brokers has appointed Frank Cardoso senior vice president and broker in its Fresno, Calif., branch. Most recently serving as president of Network E&S Insurance Brokers, Cardoso has nearly...
