Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
People
Jan 27 2008 // Zurich named Kevin Dunham senior vice president and global relationship leader for the western region of its Global Corporate in North America Business unit. Dunham is based in Glendale, Calif., and will manage accounts...
Agents Mind Your Es & Os
Jan 27 2008 // As insurance companies face larger, more frequent catastrophe losses, they are increasingly playing hardball with their insureds. Hurricanes, wildfires, tornadoes, floods and earthquakes can put pressure on a...
To Thrive and Survive
Jan 27 2008 // E&S brokers seek new ways to grow, prosper in today’s changing market For excess and surplus lines brokers, identifying available insurance markets not sought by the standard market may be the key to surviving...
Heathrow Crash Won’t Raise Aviation Rates Says Lloyd’s
Jan 25 2008 // The recent “incident” at London’s Heathrow Airport (a British Airways Boeing 777 lost power just before landing and nearly crashed injuring several passengers) is not going to cause any significant rise...
Sharon Haenig Joins Sullivan E&S as Commercial Lines Manager
Jan 23 2008 // January 23 2008 – Orange, CA – G.J. Sullivan Co., a member of Los Angeles-based The Sullivan Group, has appointed Sharon Haenig as Commercial Lines Manager for its office in Orange, CA. Sharon will be...
AI Risk’s LexExpress Delivers Excess Auto Liability for Truckers
Jan 22 2008 // AI Risk Specialists Insurance, Inc., a brokerage subsidiary of American International Group, Inc., has unveiled LexExpress, excess auto liability insurance for small to medium sized fleets in the trucking industry. It is...
Sullivan E&S Appoints Haenig as Commercial Lines Manager
Jan 22 2008 // G.J. Sullivan Co., a member of Los Angeles-based The Sullivan Group, has appointed Sharon Haenig as commercial lines manager for its office in Orange, Calif. Haenig will be responsible for business development and market...
Appeals Court Rules for Miss. Lawmakers in Raid on Insurance Fund
Jan 18 2008 // The Mississippi Legislature had authority to raid an insurance fund in 2004 to balance the state budget, the 5th U.S. Circuit Court of Appeals has ruled. The Mississippi Surplus Lines Association sued the state after the...
UK to Relaunch Nuclear Power Plants
Jan 15 2008 // In a controversial decision the government announced that it will approve “a building program for a new generation of nuclear power stations, citing environmental reasons and the need for energy security in a...
Maverick Insurance Services Opens Atlanta Office, Hires Voelker
Jan 14 2008 // California-based Maverick Commercial Insurance Services, an independent insurance wholesale operation, announced the opening of their Atlanta office. John M. Voelker will join as branch manager of Maverick’s east...
Lloyd’s Broker Miller Forms New Facultative Reinsurance Team
Jan 14 2008 // Miller Insurance Services Limited, an independent specialist insurance and reinsurance broker operating in the international markets and at Lloyd’s, announced that Richard Court has joined the Company, and will...
P/C Insurers’ Net Income, Surplus Rose But Profitability Dropped in 3rd Quarter
Jan 13 2008 // The U.S. property/casualty insurance industry’s net income after taxes rose 7.1 percent to $49.4 billion through nine-months 2007 from $46.1 billion through nine-months 2006. Fueled by the industry’s net...
HCC Puchases MultiNational; Launches Lloyd’s Syndicate
Jan 11 2008 // Houston-based insurer HCC Insurance Holdings has launched Lloyd’s Syndicate 4141 with an initial capacity of $24 million. It will write business on behalf of MultiNational Underwriters (MNU), the Indianapolis-based...
Lloyd’s GCube Promotes Growth in Renewable Energy Sector
Jan 11 2008 // “GCube, the insurance entity spun out of Lloyd’s managing general agency WindPro, has opened its doors to business on both sides of the Atlantic,” notes a bulletin on the Lloyd’s web site...
Insurers Defend Profits; Deny They Overcharge, Under-deliver on Home, Auto Policies
Jan 11 2008 // A national consumer organization has charged that property/casualty insurers are unfairly overcharging for home and auto insurance at the same time they are reducing payments to insureds. According to the Consumer...
Clark Joins Western Security Surplus Insurance Brokers in Dallas
Jan 10 2008 // Jason Clark has joined the Dallas office of Western Security Surplus Insurance Brokers Inc. (WSS) as an associate broker, the company announced. Reporting to WSS President and CEO Kyle Stevens, Clark will be responsible...
Lloyd’s Economist Analysis of 2008 Finds “Instability”
Jan 9 2008 // A research study, commissioned by Lloyd’s and the Economist Intelligence Unit in 2007, found that “54 percent of business leaders felt that the risk to their company of political violence and terrorist activity...
Lloyd’s Becomes Chile’s First ‘Approved Foreign Insurer’
Jan 7 2008 // Lloyd’s announced that it has become the first foreign entity to take advantage of a recent regulatory change in Chile’s insurance practice. Following the signing of a Free Trade Agreement in 2007...
Lloyd’s Defends Insurers Against ‘Spoilsport’ Image
Jan 4 2008 // An increasingly common complaint against the insurance industry charges that it is largely responsible for the disappearance of traditional events and activities due to the unavailability and/or the increasing cost of...
Western Security Surplus Texas Adds Market for Nightclubs, Concerts
Jan 4 2008 // Western Security Surplus Texas announced it now has a market for restaurants, taverns, bars, nightclubs, concerts, and gentlemen’s clubs. In the announcement, Ron Klimek, vice president, Marketing and Business...
