Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Max Capital to Acquire Imagine’s Lloyd’s Vehicle
Jul 25 2008 // Max Capital Group Ltd. reports it has agreed to acquire Imagine Group (UK) Limited, a Lloyd’s insurance operation, from Imagine Insurance Co. Limited (“Imagine”). The agreement also includes the...
Lloyd’s to Establish Amlin Illinois Inc. in Chicago
Jul 24 2008 // Amlin, a leading Lloyd’s insurer, plans to open an office in Chicago. Amlin Illinois Inc, will work within the existing Lloyd’s infrastructure, utilizing the Lloyd’s licence in Illinois to write admitted...
Price a Sticking Point for Bermuda Insurers Looking to Buy Entry into Lloyd’s Market
Jul 23 2008 // A handful of Bermuda insurers see an opportunity to expand their horizons by entering the Lloyd’s of London insurance market, but their interest of late has waned as prices of potential target companies have...
New York Agents Support Expansion of Excess & Surplus Export List
Jul 23 2008 // Insurance agents and brokers in New York have called upon state officials to ease the rules for how agents obtain coverage for some high-risk policies. The Excess Line Association of New York has proposed adding dozens of...
American E&S Appoints New Broker in Tennessee
Jul 22 2008 // Paul McCulloch joined American E&S Insurance Brokers as senior vice president and broker in its Nashville, Tenn. office. McCulloch will focus on building national programs and facilities. With more than 20 years in...
Venture Insurance Names Rogers Managing Director of Specialty Property
Jul 22 2008 // West Chester, Pa.-based Venture Insurance Programs, a national program administrator, recently named Michael Rogers as executive vice president and managing director of a new specialty property unit. Rogers will establish...
Obtaining Optimal Catastrophe Coverage
Jul 21 2008 // In the midst of hurricane season, insurance agents and brokers are reminded of the need for forward-thinking solutions that will help them obtain the best-possible catastrophe coverage for their clients. Following the 2005...
Texas Surplus Lines Association President: Membership Has Its Perks
Jul 16 2008 // Lana Parks says her managing general agency, The Parks Group, bought a new computer system after a fellow member of the Texas Surplus Lines Association shared with her their experience and knowledge of the system....
Florida Gov., Insurance Chief Discuss Reinsurance with Lloyd’s of London
Jul 15 2008 // Florida Gov. Charlie Crist met with Lord Levene, the chairman of Lloyd’s of London, to discuss reinsurance issues in Florida, as well as Lloyd’s climate change initiatives. The meeting took place during the...
Shareholders Approve Merger of Meadowbrook Group, ProCentury Corp.
Jul 15 2008 // Meadowbrook Insurance Group, Inc., a specialty property and casualty insurance holding company based in Southfield, Mich., and ProCentury Corporation, a Columbus, Ohio-based specialty property and casualty insurance...
A.M. Best Affirms ‘A’ Rating of Lloyd’s
Jul 14 2008 // A.M. Best Co. has affirmed the financial strength rating of A (Excellent) and issuer credit rating of “a+” of Lloyd’s of London and Lloyd’s Reinsurance Co. (China) Limited. A.M. Best said it...
Pennsylvania Bans Lenders from Requiring Excess Home Insurance
Jul 8 2008 // Pennsylvania homeowners may be entitled to a reduction in their homeowners’ insurance premiums, thanks to The Mortgage Property Insurance Coverage Act that Gov. Rendell signed into law on July 4. The law, which was...
E&S Broker TAPCO Expands to Serve Delaware, New Jersey Retail Agents
Jul 8 2008 // TAPCO Underwriters, Inc., a Burlington, North Carolina-based excess and surplus lines managing general agency, is now offering its products and proprietary quoting and binding process to retail agents in Delaware and New...
People
Jul 7 2008 // Richmond, Va.-based insurance broker Hilb Rogal & Hobbs Co. promoted F. Michael Crowley to president and chief operating officer. As president, Crowley has been responsible for HRH’s retail operations. In the...
Monarch E&S Names Kaufman COO
Jul 3 2008 // Monarch E&S Insurance Services promoted Mark Kaufman to the position of chief operating officer. The company said the position is commensurate with the duties he has been taking on over the past year. He will be...
Unitrin Specialty & Red Shield Insurance Company Form Marketing Venture
Jul 3 2008 // July 3 2008 – Unitrin Specialty and Red Shield Insurance Company announced today that the two companies have formed a marketing relationship that will benefit both company’s appointed agents in Oregon and...
Crump Rebrands BISYS Specialty as Five Star Specialty Programs
Jul 2 2008 // BISYS Specialty Programs, a division of BISYS Commercial Insurance Services, has changed its name to Five Star Specialty Programs, a division of Crump Insurance Services, Inc. The change is part of the consolidation of its...
Chicago’s Specialty Underwriters Again Rejects Buyout Bid by Hallmark
Jul 2 2008 // Chicago-based Specialty Underwriters’ Alliance, Inc. (SUAI) today announced that it has responded to a letter, dated July 1, 2008, from Hallmark Financial Services, Inc. (“Hallmark”) in which Hallmark...
Stewart Joins American E&S Insurance Brokers San Francisco Office
Jul 2 2008 // American E&S Insurance Brokers’ San Francisco branch appointed Chip Stewart a broker. Stewart is an industry veteran with more than 20 years experience. Most recently, he was with Swett & Crawford, where he...
S&P Raises Markel’s Ratings to ‘BBB’ From ‘BBB-‘; Outlook Stable
Jul 2 2008 // Standard & Poor’s Ratings Services has raised its counterparty credit rating on Markel Corp. to ‘BBB’ from ‘BBB-‘ and affirmed a stable. S&P said: “The upgrade is based on...
