Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
SFA Brings Ohio and New England Retail Agents Better Access To Specialty Workers’ Compensation Markets
Oct 15 2007 // October 15 2007, Newtown, PA – Alternative risk broker and consultant Self-Funded Alternatives has announced an expanded marketing effort to assist retail agents in the State of Ohio and the New England region with...
Hiscox Opens U.S. Global Markets Division; Bolton to Lead Unit
Oct 15 2007 // Hiscox launched its U.S.-based Hiscox Global Markets, a division that underwrites internationally traded business via the Lloyd’s insurance market, and specialist retail business around the world. “The United...
Rugby World Cup Highlights Role of ‘Bonus Insurance’
Oct 15 2007 // The mighty All Blacks are out; France the host nation is gone, and so is Australia, another pre-tournament favorite, as well as the surprising Pumas from Argentina. Current champions England will face 1995 winner South...
Lloyd’s Settles Lawsuit Against Former R.I. Governor Sundlun
Oct 12 2007 // Former Rhode Island Governor Bruce Sundlun has settled a lawsuit filed by a British insurance market that claims he owes about $300,000. Lawyers for Sundlun and the Society of Lloyd’s, based in England, say...
Trinity E&S Offers Vacant Property, Builders’ Risk Programs
Oct 11 2007 // Trinity E&S Insurance Services Inc. of Bermuda Dunes, Calif., has new vacant property and builders’ risk programs available in California, Arizona, Nevada, Oregon and Washington. Vacant property can be written...
People
Oct 8 2007 // James M. McGlennon was appointed vice president and chief information officer for Liberty Mutual Agency Markets, a strategic business unit of Liberty Mutual Group. McGlennon is responsible for the information technology...
News Currents
Oct 8 2007 // California clarifies surplus lines rules for retail agents California retail agent-brokers not transacting insurance on behalf of surplus line broker organizations are not required to follow a new law affecting surplus...
Lloyd’s CEO Wants Faster, Better Claims Handling; CII Responds
Oct 5 2007 // Lloyd’s CEO Richard Ward is a man in a hurry. He wants fundamental changes in the way Lloyd’s does business and he’s not prepared to wait. In a speech sponsored by the Insurance Institute of London...
Anderson Appointed President of Argonaut Specialty
Oct 4 2007 // Argo Group International Holdings Ltd., an international underwriter of specialty insurance and reinsurance products in niche areas of the property and casualty market, named Sam Anderson as president of Argonaut...
Soft Market Isn’t Hard for Surplus Lines Industry, A.M. Best Reports
Sep 28 2007 // After a flat year in 2005, U.S. surplus lines premium volume rebounded in 2006 and carriers again posted strong underwriting results. In 2006, surplus lines carriers generally stuck to their guns on pricing in lines where...
Lloyd’s H1 Results – $3.65 Billion Pre-Tax Profit
Sep 27 2007 // Lloyd’s turned in a strong first half, booking a pretax profit of £1.807 billion ($3.65 billion), compared to £1.351 billion ($2.732 billion) for the first six months of 2006. Despite the subprime lending crisis,...
Wells Fargo Names Baldwin COO of American E&S Operations
Sep 25 2007 // San Francisco-based Wells Fargo Insurance Services has promoted Paul Baldwin to the position of chief operating officer of its American E&S (AES) operations. In his new role, Baldwin will take an active role in...
Western Security Surplus Adds Three Marketing Specialists
Sep 25 2007 // Pasadena, Calif.-based Western Security Surplus Insurance Brokers Inc. named three marketing specialists for California and Texas. Reporting to Ron Klimek, CIC, vice president of marketing and business development are...
P/C Insurers’ Underwriting Results, Profitability Slip in First-Half 2007
Sep 25 2007 // The U.S. property/casualty insurance industry’s overall profitability as measured by its annualized rate of return on average policyholders’ surplus (or statutory net worth) slipped to 13.1 percent in...
U.S. excess and surplus lines market attracts international attention
Sep 24 2007 // The United States excess and surplus lines market presents opportunities that are not lost on the rest of the world. Lloyd’s is the second largest U.S. surplus lines writer with a 14 percent market share. Direct...
The CHANGING FACE of Surplus Lines Brokers
Sep 24 2007 // The surplus lines industry is never boring, never plain and certainly never black and white. Often dubbed as the innovator of new insurance products, the industry could even be considered colorful when it comes to the...
Court to hear suit on state’s use of Miss. surplus lines funds
Sep 24 2007 // The 5th U.S. Circuit Court of Appeals in Jackson, Miss., will hear arguments Oct. 1 about whether the Mississippi Legislature unconstitutionally raided an insurance fund in 2004 to balance the state budget. The Mississippi...
Lloyd’s America’s Baker: Time for action on climate change is now
Sep 24 2007 // For an insurer, understanding climate change is a matter of understanding trends in risk and changes in those trends. For Wendy Baker, president of Lloyd’s America Inc., staying on top of those trends in the United...
News Currents
Sep 24 2007 // Court to hear suit on state’s use of Miss. surplus lines funds The 5th U.S. Circuit Court of Appeals in Jackson, Miss., will hear arguments Oct. 1 about whether the Mississippi Legislature unconstitutionally raided...
Guy Carpenter finds Lloyd’s market at its ‘healthiest in 300 years’
Sep 24 2007 // Findings boast stellar results for London market with Lloyd’s leading the way Guy Carpenter & Co., Marsh’s reinsurance broker and risk management division, has released “The Lloyd’s Market in...
