Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
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...
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...
