Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
S&P: U.S. Insurers Sitting with Excess Capital Face Rocky Road
Jun 16 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 recent Standard & Poor’s Ratings Services...
Lloyd’s Examines Growth of Polish Insurance Industry
Jun 13 2008 // While most people identify Russia as the emerging insurance market in Eastern Europe, Lloyd’s notes that “Poland is beginning to make a name for herself. When Lloyd’s Chairman Lord Levene visited the...
Workers’ Comp Insurer AmCOMP Fights Excess Profits Charge in Florida
Jun 11 2008 // Florida-based workers compensation insurer AmCOMP Inc. has asked for a hearing to dispute Florida officials’ claim that its profits have been excessive. According to AmCOMP’s request for the hearing, the...
Lloyd’s Analyzes Collapsing Cranes
Jun 11 2008 // Lloyd’s asks: “How safe are cranes? And will the recent spate of accidents involving them increase rates for policyholders?” A major indication of a booming construction industry is the number of cranes...
Lloyd’s Analyzes Impact on Insurance of World Food Price Hikes
Jun 9 2008 // The rise in world food prices carries implications for both rich and poor countries – the latter will more fully feel the impact, as well as the insurance industry. The recent conference in Rome, organized by the...
American E&S Appoints Broker in Irvine, California
Jun 6 2008 // American E&S Insurance Brokers named James Lassiter a professional and financial lines broker. He will be working in the Irvine, Calif., branch. Lassiter has spent nearly 15 years in the insurance industry,...
Max Specialty Acquires Guaranty Casualty to Write Admitted Business
Jun 5 2008 // Max Specialty Insurance Co., of Richmond, Virginia, the U.S. excess and surplus lines unit of Max Capital Group Ltd., reports it has acquired Commercial Guaranty Casualty Insurance Co., an insurance entity licensed to...
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,...
