Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Assurant Offers ID Theft Protection for Financial Institutions
Sep 15 2008 // Assurant Specialty Property and National ID Recovery (NIDR) have launched a Red Flag ID fraud detection, notification and protection program for financial institutions and credit unions. Red Flag ID Fraud Solutions is a...
UK High Court Issues Restraining Order on Lloyd’s Former ‘Names’
Sep 11 2008 // The UK High Court has issued a civil restraining order, which enjoins former Lloyd’s Names from bringing further lawsuits against Lloyd’s without first seeking permission from the court to do so. Lloyd’s...
Surplus Lines Brokers’ Group Launches Awareness Campaign
Sep 11 2008 // The National Association of Professional Surplus Lines Offices Ltd. launched an education and awareness campaign to demonstrate the value that wholesale brokers bring to retail brokers and corporate risk managers when...
Lloyd’s, RMS Coastal Flood Study Urges Adapting to Changing Conditions
Sep 10 2008 // A new report published by Lloyd’s, as part of its “360 project,” and Risk Management Solutions (RMS), warns that “without adaptation, insurance losses from coastal flooding for high-risk properties...
Gao to Head Lloyd’s China Re Office
Sep 9 2008 // Lloyd’s announced the appointment of Eric Gao, formerly Director & General Manager of Swiss Re’s Beijing branch, as its new CEO for Lloyd’s Reinsurance Company (China) Ltd. He “will focus on...
Lloyd’s Oxygen Opens Bermuda Subsidiary Company
Sep 9 2008 // Oxygen Insurance Brokers, a Lloyd’s accredited London Market insurance intermediary, announced the expansion of their specialist reinsurance division, Oxygen Re, with the incorporation of Oxygen Insurance (Bermuda)...
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...
