Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Lloyd’s MGA Joins China Platform
Sep 17 2007 // S.A. Meacock and Co. is the most recent Managing General Agent to join Lloyd’s rapidly-growing China platform, bringing the total to 11. Ian Faragher, Managing Director of Lloyd’s China Re, observed that the...
Lloyd’s Signs on to ‘ClimateWise’
Sep 14 2007 // Lloyd’s announced that it is joining a number of leading insurers, reinsurers and brokers in signing on to the “ClimateWise principles.” Lloyd’s described the initiative as a “major...
OneBeacon Pro, Rockwood Step into E&S Podiatrist Malpractice Market
Sep 12 2007 // OneBeacon Professional Partners will begin offering medical malpractice coverage tailored for podiatric physicians. The product will be offered on an excess and surplus basis, with limits available up to $1 million/$3...
Guy Carpenter Publishes New Lloyd’s Market Report
Sep 11 2007 // Guy Carpenter & Company, LLC has released “The Lloyd’s Market in 2007,” its fifth annual review of Lloyd’s financial and operational performance. Overall Lloyd’s is probably in the...
NAPSLO Names New Officer Nominees
Sep 11 2007 // The National Association of Professional Surplus Lines Offices has named its proposed slate of officers and directors for the trade association’s 2007-2008 term. Nominated for officer positions were: * President...
Excess Line Association of N.Y. Names Nunziata to Head Education
Sep 10 2007 // The Excess Line Association of New York (ELANY) has appointed Gene Nunziata as education and communications director. Nunziata will be responsible for membership communication and will direct education and training...
Lloyd’s Dinner Features Lord Levene, NATO Head on Global Concerns
Sep 7 2007 // Lloyd’s held its fifth “Annual City Dinner” on Wednesday night, Sept. 5. A cross section of business and government leaders in attendance heard from Lloyd’s Chairman Lord Levene and the Secretary...
Endurance Specialty to Acquire Crop Insurer ARMTech
Sep 7 2007 // Endurance Specialty Holdings Ltd., a Bermuda-based provider of property and casualty insurance and reinsurance, reports that one of its U.S. based holding companies is buying out ARMtech Insurance Services, Inc. and its...
Arrowhead Introduces Specialty Contractors Program in Texas
Sep 5 2007 // San Diego, Calif.-based Arrowhead General Insurance Agency Inc. announced the expansion of their Texas product portfolio to include a specialty contractors program offering monoline general liability coverages. The company...
Best Downgrades Lloyd’s Syndicate 1414 Ratings
Sep 4 2007 // A.M. Best Co. has downgraded the its Syndicate Rating to “A” (Excellent) from “A+” (Superior) and the issuer credit rating (ICR) to “a+” from “aa-” of Lloyd’s Syndicate...
Court to Hear Suit Challenging State’s Raid on Miss. Surplus Lines Fund
Sep 4 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...
Agency Specialty Forms Alliance with Midwest Employers Casualty
Aug 31 2007 // Agency Specialty Product Network (ASPN) has announced it has formed an alliance with Midwest Employers Casualty Co. (MECC), based in Chesterfield, Mo., to offer large deductible workers’ compensation programs (single...
Lloyd’s Donates $110,000 to International Alert Peace Fund
Aug 31 2007 // Lloyd’s Charities Trust announced that it plans to donate £50,000 ($110,000) to “a unique fund set up by International Alert to aid companies operating in conflict areas around the world.” The...
Liberty Mutual Realigns Agency Companies to Welcome Ohio Casualty
Aug 27 2007 // Boston-based Liberty Mutual Group finalized its acquisition of Ohio Casualty Corp. on Friday, Aug. 24, 2007 and immediately announced a realignment of its $5.9 billion net premium regional agency company organization to...
Lloyd’s to Unveil New Marine Policy Contract Wordings
Aug 22 2007 // Lloyd’s announced that “experts from across the Lloyd’s and London markets are set to unveil a suite of new contract wordings for the marine market in the coming weeks and months.” Spurred by the...
Agents have responsibility to prepare disaster back-up plan
Aug 21 2007 // Dallas, Texas – August is the peak month for hurricane season – which ends November 30 – and forecasters this month predicted at least three tropical storms are likely to strengthen into...
More than half of all RV owners may not have the right coverage
Aug 20 2007 // If your client bought a tractor-trailer or an airplane, you probably wouldn’t put either on their car insurance policy, since both are specialty vehicles and require specialized coverages and claims handling,...
More than half of all RV owners may not have the right coverage
Aug 20 2007 // If your client bought a tractor-trailer or an airplane, you probably wouldn’t put either on their car insurance policy, since both are specialty vehicles and require specialized coverages and claims handling,...
GAINSCO Sells E&S Writer General Agents Insurance Co. to Montpelier Re
Aug 14 2007 // Dallas-based GAINSCO, Inc. and its insurance subsidiary MGA Insurance Co. Inc. have agreed to sell their affiliate General Agents Insurance Co. of America, Inc. to Montpelier Re U.S. Holdings Ltd. for $4.75 million. The...
Calif. Surplus Lines Premiums Down 11%
Aug 9 2007 // The Surplus Line Association of California is reporting that premiums in the Golden State are trending down. According to the group, “premiums processed in the first three months of 2007 decreased by 11.75 percent....
