Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
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...
ISG’s Pacific Wholesale to Acquire E.L.M. Insurance Brokers
May 2 2008 // Insurance Specialty Group LLC, parent of Atlanta, Ga.-based Pacific Wholesale Insurance Brokers (Pacific Wholesale) entered into definitive agreements to acquire and merge with El Segundo, Calif.-based E.L.M. Insurance...
Ironshore Approved as E&S Insurer in New York
Apr 28 2008 // The Excess Line Association of New York has approved Ironshore Insurance Ltd. as an eligible excess and surplus lines insurer in the Empire State. Ironshore – a Hamilton, Bermuda-based specialty insurer with roughly...
Lloyd’s Lord Levene’s L.A. Speech Lauds London
Apr 28 2008 // Lloyd’s Chairman Lord Levene told an audience of around 100 business executives in Los Angeles on Friday that London’s strengths as a leading global financial center have not been diminished by the credit...
Surplus Lines Association Launches Employment Web Site
Apr 23 2008 // The National Association of Professional Surplus Lines Offices has launched a new online job center to help students and young professionals find employment opportunities in the surplus lines insurance...
American E&S Appoints Broker in Vacaville, California
Apr 22 2008 // Carole Brown has rejoined American E&S Insurance Brokers as vice president and financial services broker. She will be working in the Vacaville, Calif., branch and has more 15 years experience specializing in directors...
Lowery Named to Head Lloyd’s North America
Apr 22 2008 // Lloyd’s announced the appointment of LoriAnn Lowery as its new President, North America. She will report directly to Director, Market Operations and North America Sue Langley, in London. Lowery “will be...
Maxum Specialty Names Turner as President and CEO
Apr 22 2008 // Maxum Specialty Insurance Group, based in Duluth, Ga., appointed F. Marshall Turner, II, as the president and CEO of Maxum Indemnity Co. and Maxum Casualty Insurance Co. His appointment is effective May 5, 2008. Turner...
Professional Services: Do You Know Them When You See Them?
Apr 21 2008 // The complex medical field with its often personalized treatments can be more difficult to define than other professions “Professional services” can have many different connotations, ranging from racy...
World’s Weather as a Deranged Pinball Machine?
Apr 21 2008 // The 10th edition of the European Insurance Forum (EIF), held at Dublin’s Four Seasons Hotel and sponsored by the Dublin Insurance & Management Association (DIMA) April 7-8, focused on some major issues of...
Prognosis Good in Medical Professional Liability Market
Apr 21 2008 // Tort reform keeping claims frequency down; surplus up, but severity still an issue Tort reform efforts seem to be working, frequency of claims for medical liability is going down, surplus is up and reinsurance capital is...
Lloyd’s Warns on Europe Quake Risks
Apr 18 2008 // The early morning earthquake that struck Market Rasen in Lincolnshire recently was literally a wake-up call for many people. (See IJ web site –...
Lloyd’s Authorized as Brazil Reinsurer
Apr 18 2008 // Lloyd’s has received approval from the Superintendence of Private Insurance (SUSEP) to become the first admitted reinsurer in Brazil. Lloyd’s announced that it had applied for the license in February (See IJ...
Lloyd’s Braces for U.S. Hurricanes
Apr 17 2008 // Lloyd’s insurers with exposures on the US East Coast have been told to brace themselves for an above average storm season, with as many as eight hurricanes tearing through the Atlantic. In an article on its web site...
