Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
California Surplus Line Association Elects New Officers
Mar 5 2008 // Members of the Surplus Line Association of California (SLA) elected Warren Stanley as their chairman during the SLA 2008 Annual Meeting. Stanley is principal of Wholesale Connection Insurance Services in Woodland Hills,...
Hiscox 2007 Net up 18% to $471M
Mar 4 2008 // Bermuda-based Hiscox Ltd. posted a strong profit gain in 2007. Results, released yesterday, March 3, showed a record setting £237.2 million ($471 million) pretax profit, compared to £201.1 million ($399.5 million) in...
XL Insurance Offers Excess Professional Liability with $25M Limits
Mar 4 2008 // XL Insurance announced the availability of excess professional liability coverage, with limits up to $25 million, for architectural and engineering (A/E) firms. John Glancy, chief underwriting officer of XL...
Lloyd’s is a UK Leading Business Brand
Feb 27 2008 // Lloyd’s announced that it has been selected as “one of the UK’s strongest business brands…and the highest rated insurance organization – in the Business Superbrands 2008 list.” Lloyd’s...
Texas Supreme Court Reverses ‘Frank’s Casing’ Ruling
Feb 24 2008 // The Texas Supreme Court on Feb. 1 handed down a long-awaited ruling in a case that many believe to be one of Texas’ most significant insurance cases in recent history. The Court reversed its May 2005 decision in...
Medi-Spas: Industry Growth Has No Limits
Feb 24 2008 // The anti-aging and medi-spa revolution is here to stay some experts say. Just look at celebrities such as 70-year-old actress Jane Fonda or 68-year-old singer Tina Turner to see what transformations can be achieved through...
‘Managing the Cycle’ Remains No. 1 Priority, Lloyd’s Survey Finds
Feb 24 2008 // Lloyd’s of London has published its fourth annual underwriting survey, which reveals that “managing the insurance cycle” remains the most important issue for the industry in 2008 with 93 percent of...
Lloyd’s Analyzes Southeast Asia Terrorism Threat
Feb 22 2008 // Lloyd’s has warned that businesses operating in Southeast Asia “need to better understand that the Asian terrorism threat is unique, complex and specific to the region.” Lloyd’s and the...
Meadowbrook to Acquire Specialty Insurer ProCentury in $273M Deal
Feb 21 2008 // Michigan-based Meadowbrook Insurance Group, Inc. reported it will acquire ProCentury Corp. in a transaction valued at approximately $272.6 million in cash and stock to be paid to ProCentury shareholders. Under the terms of...
Lloyd’s Poll Finds Financial Instability is Main 2008 Risk
Feb 20 2008 // According to a recently conducted survey of 138 underwriters, Lloyd’s found that the instability of global financial markets is the single factor that will have the most impact on the insurance industry during 2008....
Lloyd’s Market Reform Group Sees End of Paper Processing
Feb 20 2008 // The slipcases at Lloyd’s are slowly going the way of the buggy whip. In a recent announcement the Market Reform Group (MRG) published details of the arrangements which, it said, “will see the end of paper...
Hayden Joins Specialty Unit of Berkley Net Underwriters
Feb 20 2008 // Bruce hayden has joined the online insurer Berkley Net Underwriters in its business development unit. As director of Specialty Markets, Hayden will lead BerkleyNet’s effort to expand its focus on specialty niche...
‘Managing the Cycle’ Remains #1 Priority Lloyd’s Survey Finds
Feb 19 2008 // Lloyd’s has published its fourth annual underwriting survey, which reveals that “managing the insurance cycle remains the most important issue for the industry in 2008 with 93 percent of underwriters believing...
Max Specialty Insurance to Offer Coverage in La.
Feb 19 2008 // Max Specialty Insurance Company, an excess and surplus lines company headquartered in Richmond, Va., announced it is now authorized to write business in Louisiana. With the addition of Louisiana, Max Specialty is now an...
Best Affirms Hardy’s Lloyd’s Syndicate ‘A’ Ratings
Feb 14 2008 // A.M. Best Co. has affirmed its Syndicate Rating of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a+” of Lloyd’ s Syndicate 382, which is managed by Hardy Underwriting Agencies Ltd....
Lloyd’s Applies for Brazil Re License
Feb 14 2008 // Lloyd’s plans to expand in Brazil and is in the process of making a formal application to be an admitted reinsurer in the country. Its first representative office will be in Rio de Janeiro. Lloyd’s Chairman,...
Quanta to Sell Remaining Lloyd’s Interests to Chaucer
Feb 11 2008 // Bermuda-based Quanta Capital Holdings Ltd. has announced that it has entered into an agreement for the sale of all of its interests at Lloyd’s to Chaucer Holdings PLC. The Company expects to close this transaction...
Texas Supreme Court Reverses <em>Frank’s Casing</em> Ruling
Feb 8 2008 // The Texas Supreme Court on Feb. 1 handed down a long awaited ruling in a case that many believe to be one of Texas’ most significant insurance cases in recent history. The Court reversed its May 2005 decision in...
Lloyd’s Renews Council and Franchise Board Seats
Feb 7 2008 // Lloyd’s announced that Lord Peter Levene has been re-appointed as Chairman of Lloyd’s. Ewen Gilmour and Graham White were re-appointed as Deputy Chairmen of Lloyd’s and Bill Knight was re-appointed as...
How E&S Brokers Thrive and Survive in Today’s Soft Market
Feb 1 2008 // For excess and surplus lines brokers, identifying available insurance markets not sought by the standard market may be the key to surviving and thriving in the soft market. The answer to growth in a soft market is simple,...
