Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Simon Joins Specialty Risk Associates in Mississippi Office
Sep 9 2008 // Shreveport, La.-based wholesale insurance broker, Specialty Risk Associates Inc., added Cathy Simon to the staff of the firm’s Ridgeland, Miss., office. Simon, who specializes in Transportation underwriting, began...
Ironshore to Sell E&S Coverage in New York
Sep 3 2008 // Ironshore Specialty Insurance Co. has been approved as an eligible excess and surplus lines insurer in New York. The Excess Line Association of New York added the company to its list of eligible E&S insurers...
U.S. Reinsurers Report Deteriorating Combined Ratio; Decline in Surplus
Sep 2 2008 // U.S. reinsurers reported a deteriorating combined ratio for the first-half 2008, compared to the first-half 2007 while net premiums were up over the same time period. The Reinsurance Association of America (RAA) released...
Ballinger Keeps the Beat at the Surplus Lines Stamping Office of Texas
Sep 1 2008 // SLSOT Celebrates its 20th Anniversary This Year Phil Ballinger, executive director of the Surplus Lines Stamping Office of Texas, knows a lot about rhythm. He was a drummer with the Van Wilks Band long before he joined...
Declarations
Sep 1 2008 // Agent-Broker Duties “It’s important to understand this bill doesn’t change anything for brokers that want to continue doing business as usual. Yet it really creates an opportunity for producers to have a...
People
Sep 1 2008 // General Star Management Co. appointed Gregory J. Diorio chief operating officer and Joseph L. Majsak chief marketing officer. Diorio will oversee all underwriting divisions while Majsak will oversee the new marketing...
Lloyd’s in the 21st Century
Sep 1 2008 // The Modernization of Lloyd’s and the London Market Any institution — and there aren’t many — that survives and thrives for 320 years must find ways to adapt to changing conditions. Lloyd’s of...
What’s All the Fuss About?
Sep 1 2008 // With the Soft Market Here Again, the E&S Market Must Get Back to Its Roots as the Product Innovator Over my 30-year career, the insurance industry has weathered three hard market and soft market shifts. Yet amazingly,...
Surplus Lines Results Remain Strong, Despite Heightened Competition
Sep 1 2008 // Brokerage M&As Expected to Continue for the Near Term; Time’s Almost Up for Congress to Pass Reform Bill Surplus lines insurers continued to outperform the property/casualty industry in underwriting and...
Wholesaler Value is a Story That Needs to Be Told
Sep 1 2008 // Soft Market or Not, Stay Focused on Providing Superior Service, Value to Agents There is an old saying in the insurance industry that goes something like this: “Please, God, give me one more hard market and I...
Surplus Lines Results Remain Strong, Despite Heightened Competition
Aug 26 2008 // Surplus lines insurers continued to outperform the property/casualty industry in underwriting and operating performance in 2007, despite the softening market and more aggressive competition. Heightened competition along...
Lloyd’s, RMS to Release Global Coastal Flood Report
Aug 25 2008 // Lloyd’s and Risk Management Solutions will publish a new report on coastal flooding on Tuesday, Sept. 9 in conjunction with the Reinsurance Rendezvous in Monte Carlo. Lloyd’s said the report looks specifically...
Insuring Olympic Gold Medals: How Much Are They Worth
Aug 25 2008 // The Olympic Games have concluded their run in Beijing. The 302 Gold Medal winners are returning to their respective countries to reflect on their experiences and their achievements. China is getting back to business (and...
Swett & Crawford Develops Specialty Stucco Insurance Strategy
Aug 25 2008 // Swett & Crawford rolled out a new approach to serving the insurance needs of exterior insulation finishing system (EIFS) applicators nationwide. Under the company’s new Specialty Stucco Insurance Strategy...
Burma Rights Group Says XL, Chubb to Withdraw; Chubb Cites ‘Inaccuracies’
Aug 21 2008 // The Burma Campaign UK, a human rights group, has issued a bulletin stating that XL and Chubb have separately announced their withdrawals from the Burmese market. The Campaign said the move was prompted by a bulletin it had...
New York Agents Want Export List Expanded
Aug 21 2008 // Agents say that the search of the admitted market ends up being just a time-waster for them and their clients. They already know which risks their insurers will accept and not accept. Insurance agents and brokers from...
NATIONAL COVERAGE
Aug 21 2008 // N2 | Washington Report House Subcommittee Moves Key Federal Bills N4 | Insurers Bitten by $350 Million in Dog Claims Average Liability Claim Tops $24,000 N6 | Conning: Insurers’ Financials Strong, Despite Price...
Proposed New Coverages for N.Y. Export List
Aug 21 2008 // Primary and excess property insurance Contractors: Primary and excess liability coverage for general contractors, subcontractors and all construction trades for construction, building, demolition or renovation. Also Owners...
Pennsylvania Halts Excess Home Insurance by Lenders
Aug 21 2008 // Pennsylvania homeowners may be entitled to a reduction in their homeowners’ insurance premiums, thanks to The Mortgage Property Insurance Coverage Act signed by Gov. Ed Rendell. The law, which was spurred by the...
Obtaining Optimal Catastrophe Coverage
Aug 21 2008 // The complexity of the cat insurance market can make it difficult to keep pace with the coverage options. In the midst of hurricane season, insurance agents and brokers are reminded of the need for forward-thinking...
