Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Mich. Meadowbrook to Acquire Excess Workers’ Comp Program Manager
Apr 17 2007 // Meadowbrook Insurance Group, Inc.,announced today that it has entered into a definitive agreement to acquire U.S. Specialty Underwriters, Inc. (USSU) for a purchase price of $23.0 million. The purchase price is comprised...
Monarch E&S Establishes Professional Lines Department
Apr 11 2007 // Monarch E&S Insurance Services, based in La Cresenta, Calif., has expanded its operations by establishing a dedicated professional lines department from it’s Simi Valley, Calif., location. The department’s...
The Hartford, Berkshire Hathaway Join Forces on Surplus Lines
Apr 11 2007 // The Hartford Financial Services Group Inc. announced that its First State Management Group has formed a strategic relationship with certain members of the Berkshire Hathaway group of insurance companies to offer expanded...
Gomez Joins Maverick Commercial Insurance Services
Apr 10 2007 // Calabasas, Calif.-based Maverick Commercial Insurance Services, a wholesale brokerage firm operating in California, Nevada and Arizona, has hired Matthew Gomez as a broker. Gomez will specialize in property and casualty...
Two charged in bicoastal restaurant insurance brokerage scam
Apr 9 2007 // A Canadian man has been extradited to the United States to face trial on charges that he swindled $7 million from the victims of a fraudulent commercial insurance policy scheme, Acting New York Insurance Superintendent...
Hartford Specialty Risk’s Sullivan named Conn. insurance chief
Apr 9 2007 // Connecticut Governor M. Jodi Rell is naming a claims administration executive, Thomas R. Sullivan, to be the state’s insurance commissioner, replacing Susan Cogswell who is stepping down from the top regulatory post...
Two charged in bicoastal restaurant insurance brokerage scheme
Apr 9 2007 // A Canadian man has been extradited to the U.S. to face trial on charges that he swindled $7 million from the victims of a fraudulent commercial insurance policy scheme, according to Acting New York Insurance Superintendent...
News Currents
Apr 9 2007 // Two charged in bicoastal restaurant insurance brokerage scheme A Canadian man has been extradited to the U.S. to face trial on charges that he swindled $7 million from the victims of a fraudulent commercial insurance...
Top 10 myths of D&O liability insurance
Apr 9 2007 // In today’s soft directors and officers market, the importance of a long term approach can often be lost in the process of securing coverage. However, history has proven in the past 15-plus years that the D&O...
Top 10 myths of D&O liability insurance
Apr 9 2007 // In today’s soft directors and officers market, the importance of a long term approach can often be lost in the process of securing coverage. However, history has proven in the past 15-plus years that the D&O...
Two charged in bicoastal restaurant insurance brokerage scam
Apr 9 2007 // A Canadian man has been extradited to the United States to face trial on charges that he swindled $7 million from the victims of a fraudulent commercial insurance policy scheme, Acting New York Insurance Superintendent...
Lexington Forms London-based Casualty Mid Excess Unit
Apr 6 2007 // American International Group’s Lexington Insurance Company announced that its London operation has formed a new Casualty Mid Excess unit offering $50 million in capacity. Lexington said: “The unit will focus on...
Lloyd’s 360 Report Examines Potential Effects of ‘Rapid Climate Change’
Apr 6 2007 // Lloyd’s third “360 report” does for the insurance industry what the IPCC report, see previous article, does for the whole world. It focuses attention on global warming/climate change in a way that cannot...
Bermuda Not a Threat; Lloyd’s Welcomes ‘Healthy Competition’
Apr 5 2007 // The London Market in general and Lloyd’s in particular has been having an ongoing debate for the last few years over the place Bermuda-based companies occupy in the overall market. Are they basically competitors, who...
Max Re Completes E&S Buy
Apr 4 2007 // Bermuda-based Max Re Capital Ltd. announced that its subsidiary, Max USA Holdings Ltd., has completed the acquisition of a U.S.-based excess and surplus lines company, which, as previously indicated, will operate under the...
Lloyd’s China Reinsurer Rated ‘A’ by S&P, Best and Fitch
Apr 3 2007 // The three major rating agencies, Standard & Poor’s, A.M. Best and Fitch Ratings, have all assigned “A” ratings (Fitch was actually ‘A+’) to Lloyd’s Reinsurance Co. (China) Ltd....
AIG Specialty Boosts Its Capacity for Public Entity Liability
Apr 3 2007 // AIG Specialty Excess, an umbrella and excess casualty underwriting unit of the AIG Companies, has increased its capacity of excess liability insurance for public entities to $25 million from $15 million. AIG Specialty...
Hartford Specialty Risk Exec Sullivan to be Conn. Insurance Chief
Apr 3 2007 // Connecticut Governor M. Jodi Rell is naming a claims administration executive, Thomas R. Sullivan, to be the state’s insurance commissioner, replacing Susan Cogswell who is stepping down from the top regulatory post...
Best Affirms Catlin Group Ratings; Outlook Negative
Apr 2 2007 // A.M. Best Co. has affirmed the financial strength ratings of “A” (Excellent) and the issuer credit ratings of “a” of Bermuda-based Catlin Insurance Company Ltd. (CICL) and the UK-based Catlin...
Best Affirms Lloyd’s Syndicate 2003 Ratings; Withdraws Syndicate 2020
Apr 2 2007 // Concurrent with its rating announcements concerning the Catlin Group (See related article), A.M. Best Co. affirmed its Syndicate Rating of “A” (Excellent) and the issuer credit rating (ICR) of “a”...
