Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Analysts: U.S. Insurers Sitting with Excess Capital Face Rocky Road
Jun 5 2008 // U.S. insurers, in an industry awash in excess capital, face a stretch of turbulence that won’t soon abate, according to analysts at a Standard & Poor’s Ratings Services conference this...
Gallagher Head Lauds Lloyd’s
Jun 4 2008 // Pat Gallagher, Chairman, President and CEO of Arthur J Gallagher & Co. visited Lloyd’s last week, and spoke in glowing terms about its accomplishments. All of which Lloyd’s duly noted in an article on its...
PartnerRe Makes Executive Changes in Global (Non-U.S.) Operations
Jun 2 2008 // Bermuda-based PartnerRe has announced the following executive changes in its Global (Non-U.S.) Operations: — Emmanuel Clarke has been named as Head of Specialty Lines, Global, effective Sept. 1, 2008. — He...
People
Jun 2 2008 // Specialty Insurance Managers Inc. CEO Frank R. Berry and President Diana G. Berry are retiring. The Austin, Texas-based managing general agency chose to perpetuate by passing the leadership of the firm to Mike Berry,...
Monarch E&S Offers Accountants Professional Liability
Jun 1 2008 // Monarch E&S Insurance Services is offering an accountants professional liability program in California. Policy coverage features include first dollar defense; personal injury; additonal claims expense limit; aggregate...
Duering Retires from American E&S Insurance Brokers
May 28 2008 // After 40 years in the insurance industry, Vivien Duering will retire from American E&S Insurance Brokers on June 30. Duering has spent 22 years with American E&S, serving as broker, San Francisco property...
Australia Approves AXIS Branch
May 23 2008 // Bermuda-based AXIS Capital Holdings Limited announced that AXIS Specialty Europe Limited, one of its European operating subsidiaries, has been authorized by the Australian Prudential Regulation Authority (APRA) to operate...
Lloyd’s Members Approve Proposals to Modernize Governing Statute
May 23 2008 // At an Extraordinary General Meeting held yesterday, May 21, the membership of Lloyd’s approved a resolution to consent to the proposals to amend the Lloyd’s Act of 1982 by means of a Legislative Reform...
Willis, Lloyd’s Create Largest Launch Coverage for Eutelsat
May 19 2008 // The largest satellite “launch insurance package ever placed has been completed by broker Willis Inspace, with a Lloyd’s underwriter leading the risk,” for Europe’s Eutelsat, the world’s third...
Stawecki joins M.J. Hall and Co. Inc.
May 16 2008 // M.J. Hall and Co. Inc. has named John Stawecki vice president/branch manager and broker in its Woodland Hills, Calif., office. Stawecki will focus on the casualty side of the excess and surplus insurance business...
Atlantic Specialty Completes Acquisition of Pa. Wholesale Broker ESL
May 16 2008 // Atlantic Specialty Lines of Pennsylvania, LLC, a subsidiary of Atlantic Specialty Lines, Inc. has acquired the business assets of ESL, Inc., effective May 1, 2008. ESL, which was a wholly-owned subsidiary of Penn National...
Lloyd’s Unveils 360 Project’s Latest Target: the ‘Liability Challenge’
May 15 2008 // “Businesses could be facing a future liability crisis if they do not face up to growing litigation issues,” Lloyd’s warns in its latest report -“‘Directors in the Dock – is business...
Specialty Insurance Managers Announces Management Changes
May 15 2008 // Specialty Insurance Managers Inc. CEO Frank R. Berry and President Diana G. Berry are retiring. The Austin, Texas-based managing general agency chose to perpetuate by passing the leadership of the firm to Mike Berry,...
Arthur J. Gallagher Acquires Specialty Risk of Missouri
May 13 2008 // Itasca, Ill.-based Arthur J. Gallagher & Co. recently announced the acquisition of Specialty Risk, Inc. of Liberty, Mo. Terms of the transaction were not disclosed. Established in 1994, Specialty Risk, Inc. is a...
American E&S Appoints Epstein Underwriting Manager
May 9 2008 // Scott Epstein has joined American E&S Insurance Brokers as underwriting manager, responsible for growing and strengthening the managing general agent (MGA) unit. He will work out of the company’s San Francisco...
Lloyd’s Amlin to Launch Insurance Risk Trading Venture
May 7 2008 // Amlin plc, one of Lloyd’s largest insurers, has announced its intention to form a new Investment Management Partnership with John Wells, who will become Chairman, and Luca Albertini, who will become Chief...
Argo Group Posts $36.9 Million Q1 Net Income; Conference Call Today, Details
May 6 2008 // The Bermuda-based Argo Group International Holdings, Ltd. (which includes the formerly Texas-based Argonaut Group) announced net income of $36.9 million for the first quarter of 2007, a 47 percent rise, while pretax...
Penn National Sells ESL Inc. Subsidiary to Atlantic Specialty Lines
May 5 2008 // Harrisburg, Pennsylvania-based Penn National Insurance said it has completed the sale of its wholesale insurance brokerage subsidiary, ESL Inc., to Atlantic Specialty Lines of Pennsylvania for an undisclosed...
Defining ‘Professional Services’ For Specialty Policies Not Always Easy
May 5 2008 // Professional services” can have connotations ranging from racy “professional” call girls to the more mundane accountants, doctors, lawyers and engineers. From an insurance perspective, liability arising...
Match-making: What Retail Agents Want From Wholesalers and MGAs
May 5 2008 // Exclusive Insurance Journal survey: successful relationships depend on markets and service in soft or hard cycle Like the love-lorn users of match.com, independent agents hunting for business partners among surplus lines...
