Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Indemnity Excess & Surplus Adds 16 Products to Online Quoting Facility
Nov 2 2007 // Beaverton, Ore.-based Indemnity Excess & Surplus Agency is expanding its online quoting facility to add 16 new products. Classes of business added include: Apartments Beauty / Nail Salon / Barber Shop Clothing...
Munich Re Acquires UK’s MSP Underwriting/Stake in Syndicate 318
Oct 30 2007 // Munich Re is acquiring the UK Company MSP Underwriting Ltd. for a figure it said is in the “mid double-digit million Euro range.” MSP Underwriting Ltd. owns both the Lloyd’s managing agency Beaufort...
Ironshore Enters La. E&S Market; Will Cover Property, Cat Risks
Oct 30 2007 // Louisiana insurance regulators have approved Ironshore Insurance Ltd. to provide property and catastrophe insurance in Louisiana on an excess and surplus basis for risks located in the state. The company said it would...
Chicago Specialty Underwriters’ Alliance Loder Resigns Effective Jan. 1
Oct 29 2007 // Specialty Underwriters’ Alliance, Inc. recently announced that William Loder, the company’s chief underwriting officer, has resigned effective Jan. 1, 2008. President and Chief Executive Officer Courtney Smith...
People
Oct 27 2007 // Kyle Stevens was elected the new president and chief executive officer of Western Security Surplus Insurance Brokers, a wholesale broker and managing general agency with offices in California and Texas. Stevens has served...
Surplus lines execs search for common ground
Oct 27 2007 // News Currents The independent nature of surplus lines professionals was readily apparent when a panel of industry executives gathered to discuss current issues at the recent National Association of Surplus Lines Offices...
News Currents
Oct 27 2007 // Surplus lines execs search for common ground The independent nature of surplus lines professionals was apparent when a panel of industry executives discussed current issues at the recent National Association of Surplus...
Small businesses should take cover under excess liability coverage
Oct 27 2007 // The insurance buying habits of the typical small commercial customer haven’t changed much in 15 to 20 years, yet the small business owner may be in more need of the added protection given by the purchase of a...
Catering to wealthy individuals
Oct 27 2007 // Most high net worth individuals already complete their personal insurance package with excess liability coverage, or the personal umbrella liability. Even so there could be opportunities missed in meeting the umbrella...
Ironshore Launches Specialty Construction Division
Oct 22 2007 // Hamilton, Bermuda-based Ironshore Inc. announced the company has entered into the specialty construction sector with the launch of its IronBuilt division. IronBuilt, based near Boston, offers construction risks protection...
Marsh’s Matanle to Succeed Douetil as Lloyd’s Reform Group Head
Oct 19 2007 // Stephen Matanle, Global Placement Leader at Marsh and chairman of the London Market Insurance Brokers’ Committee (LMBC), is to become Chairman of the London Market Reform Group (MRG). He will take over from Brit...
Lloyd’s Welcomes N.Y.s Reinsurance Collateral Reform Proposal
Oct 19 2007 // Lloyd’s of London, which has been pressuring for a change in New York’s reinsurance regulation for years, reacted positively to the proposal by New York State Insurance Superintendent Eric Dinallo to amend the...
Texas Surplus Lines Assoc. to Hold Annual Meeting in Austin Nov. 11-12
Oct 18 2007 // The Texas Surplus Lines Association will hold its annual meeting Nov. 11 and 12 at the Four Seasons Hotel in Austin. The Nov. 12 session includes: Gary Schumann, partner in the law firm of Savrick, Schumann, Johnson,...
Lloyd’s Launches Recruitment Program
Oct 18 2007 // Lloyd’s has announced the launch of its new graduate recruitment program in an expanded effort to “recruit fresh talent and ideas to the insurance industry.” The program is scheduled to run for 18 months...
Lord Levene Castigates U.S. Failure to Reform Reinsurance Collateral Regs
Oct 17 2007 // He’s said it before, and he’s said again. In a forceful open letter printed in the Financial Times (FT), Lloyd’s Chairman Lord Peter Levene wrote that it is “extraordinary that the US does not offer...
Lloyd’s: Electronic Claims Processing Advances; Too Slow Says Langley
Oct 17 2007 // The Market Reform Group (MRG), which directs the efforts of Lloyd’s and the London insurance market to move from paper to electronic processing, has issued its latest bulletin. It focuses on the committee’s...
ACE Bermuda International New Global Business Name; Lloyd’s Box Opened
Oct 17 2007 // As of October first “ACE European Markets Insurance Limited and ACE European Markets Reinsurance Limited will trade under the business name of ACE Bermuda International (ABI),” said a bulletin on the ACE web...
Texas District Judge Allows Allstate Texas Lloyd’s Rate Increase
Oct 17 2007 // On Oct. 15, Travis County District Judge Margaret Cooper ruled in favor of Allstate Texas Lloyd’s in the company’s quest to preserve an already-implemented homeowners rate increase. Cooper granted the...
Lloyd’s, UK’s Met Office Prepare for Repeat of 1987 Windstorm
Oct 16 2007 // Risk management Solutions commemorated the 20th anniversary of the destructive 1987 windstorm that struck Southern England and Northern France with a warning (See IJ web site Oct. 15). Lloyd’s and the UK’s Met...
Tapco Underwriters Adds Specialty Contractors Program in Texas
Oct 16 2007 // Burlington, N.C.-based TAPCO Underwriters Inc. (TAPCO) has introduced a specialty contractors program, offering monoline general liability coverages to agents in Texas, the company announced. TAPCO opened its Texas...
