Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Lloyd’s Report Warns of Threats from ‘Political Violence’
May 10 2007 // A new report from Lloyd’s and the Economist Intelligence Unit (EIU) has found that global businesses are becoming increasingly concerned about risks from political violence. However, too little has been done to...
Western National Insurance Announces Launch of Specialty Co.
May 8 2007 // Western National Insurance Group recently announced its plan to launch a new property/casualty insurance company with a focus on specialty lines of business. The Group currently has a wholly-owned company shell, Pioneer...
Thinking outside of the box
May 7 2007 // No one knows just how many managing general agencies (MGAs) operate in the United States, but the insurance industry couldn’t survive without them, says Scott Anderson, current president of the American Association...
Thinking outside of the box
May 7 2007 // MGAs deliver more than just specialty packages as they prepare for changing market No one knows just how many managing general agencies (MGAs) operate in the United States, but the insurance industry couldn’t survive...
Brit Sells Majority Stake in RI3K to London Investors
May 4 2007 // If you build a better insurance trading platform, the world will beat a path to your door. Well, maybe not the world, but a group of sophisticated investors from “the City” (London’s financial heart) came...
OneBeacon Reports Boost in Book Value, Drop in Premiums in 1Q
May 3 2007 // OneBeacon Insurance Group, Ltd. reported first quarter 2007 adjusted book value per share of $17.76 representing a 4.5% increase for the quarter including dividends. For the 12 months ended March 31, 2007, adjusted...
Lloyd’s Testing Slip/Policy Quality Check Program
May 1 2007 // In its search for ways to “make it easier for underwriters and brokers to ensure that insurance contracts are right first time,” Lloyd’s has begun testing a new system that will check insurance slips...
Aspen Appoints Warde President-U.S.
Apr 30 2007 // Bermuda-based Aspen Insurance Holdings Limited announced that Nathan Warde has been appointed President of Aspen Insurance U.S., with immediate effect. He will report directly to Chris O’Kane, Aspen’s...
Dowell / IAS Announce A New Marketing Alliance
Apr 27 2007 // New Jersey based Dowell Insurance Agency, Inc., and Integrated Assurance Solutions (Dowell / IAS) announce a new marketing alliance whereby Dowell /IAS will be a Lloyd’s Coverholder for the Jewelry and Fine Arts and...
Haasz to Leave Lloyd’s
Apr 26 2007 // Steven Haasz, Lloyd’s Director of market infrastructure & program management, will be leaving in July to join Prudential UK as Managing Director- Wholesale for the UK. He joins a small, but select group of...
Western Security Surplus Adds New Personal Lines Program
Apr 25 2007 // Pasadena, Calif.-based Western Security Surplus Insurance Brokers Inc. (WSS) has added a new personal lines program for California brokers. The program is written on a non-admitted basis. Both homeowner and dwelling fire...
Program Writer Delos Forms Excess & Surplus Insurer, Naxos
Apr 24 2007 // New York-based Delos Insurance Company launched a new excess and surplus (E&S) lines company, Naxos Insurance Company, which will be a wholly-owned subsidiary of Delos. Naxos operations will be managed under terms of...
S&P Upgrades Lloyd’s Ratings to ‘A+’
Apr 24 2007 // Not so long ago it was beginning to look like “A” ratings were an endangered species. However, after a lot of belt tightening (and a benign year for nat cats in 2006), the rating agencies have been raising,...
Lloyd’s posts more than $7 billon in record pre-tax profit
Apr 23 2007 // What a difference a year makes. On March 29, Lloyd’s announced pretax profits for 2006 of $7.2 billion compared to the $202 million loss it posted in 2005. Lloyd’s also achieved an extremely good combined ratio...
News Currents
Apr 23 2007 // Lloyd’s posts more than $7 billion in record pre-tax profit What a difference a year makes. On March 29, Lloyd’s announced pretax profits for 2006 of $7.2 billion compared to the $202 million loss it posted in...
Unitrin Group earns another “A” from A.M. Best
Apr 20 2007 // DALLAS, TEXAS – Strong capitalization and improved underwriting performance earned Unitrin Property and Casualty Insurance Group and its members, including Unitrin Specialty, an “A” from insurance credit...
Catlin Details Participation in LRCCL
Apr 18 2007 // A bulletin from the Bermuda-based Catlin Group Limited, whose operating companies also do business from the UK, the U.S. and Lloyd’s, notes that its Lloyd’s Syndicate 2003 “is one of the inaugural...
Report Details P/C Insurers’ 2006 Proftability, Escape from Storms
Apr 18 2007 // Another report on the insurance industry confirms and details what has been widely acknowledged: a sharp decline in catastrophes in 2006 contributed to improved underwriting results for the year. The U.S. property/casualty...
Lloyd’s China Re Officially Opens
Apr 17 2007 // Lloyd’s announced the official opening of its Chinese reinsurance operations (See IJ web site April 3 and April 25, 2006) at a ceremony attended by “a host of dignitaries,” including Lloyd’s...
Meadowbrook Acquiring U.S. Specialty Underwriters
Apr 17 2007 // Meadowbrook Insurance Group, Inc. has agreed to acquire U.S. Specialty Underwriters, Inc. for a purchase price of $23.0 million. The purchase price is comprised of $13.0 million in cash and $10.0 million in Meadowbrook...
