Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Best Announces Lloyd’s Syndicates Rating Actions
Apr 2 2007 // A.M. Best Co. announced that it has reviewed all of its ratings on a number of Lloyd’s Syndicates, following the affirmation of Lloyd’s financial strength rating (FSR) of “A” (Excellent) and issuer...
National Specialty Underwriters Adds Staff, Expands Chicago Office
Mar 30 2007 // National Specialty Underwriters, Inc. (NSU) has announced the hiring of Dianne O’Donnell as sales executive, and Meghan Hamilton as account manager for NSU Healthcare, a division of the company that specializes in...
Best Affirms Lloyd’s ‘A’ Ratings; Revises Outlook to Positive
Mar 30 2007 // A.M. Best Co. has affirmed the financial strength rating (FSR) of “A” (Excellent) and the issuer credit rating (ICR) of “a” of Lloyd’s of London, and the ICR of “a-” of the Society...
Hull & Company senior managers establish Richard Hull Educational Insurance Scholarship
Mar 30 2007 // The Derek Hughes/NAPSLO Educational Foundation announced that senior managers of Hull & Company, Inc., in conjunction with Brown & Brown, Inc., have established an insurance educational scholarship in the name of...
Lloyd’s Posts Record Pre-tax Profit – Over $7 Billion
Mar 29 2007 // What a difference a year makes. Lloyd’s has just announced pretax profits for 2006 of £3.662 billion ($7.2 billion) compared to the £103 million ($202 million) loss figure posted in 2005. Lloyd’s also posted...
Fitch Upgrades Lloyd’s Ratings
Mar 29 2007 // Even before it announced record profits (see related article) Lloyd’s received good news from Fitch Ratings, who announced that it has upgraded Lloyd’s Insurer Financial Strength (IFS) rating by one notch to...
State of Markets Focus at Surplus Lines Conference
Mar 28 2007 // The current state of the surplus lines industry and its carriers will be the focus of the major program at the 2007 Western States Surplus Lines Conference, set for June 19-23 in Scottsdale, Ariz., at the Hyatt Regency...
Derek Hughes/NAPSLO Foundation Establishes Two New Scholarships
Mar 28 2007 // The Derek Hughes/National Association of Professional Surplus Lines Offices (NAPSLO) Educational Foundation announced two new educational scholarships will be offered in honor of two industry professionals. Kurt Bingeman,...
Specialty Risk Associates Adds Suhy, Wood
Mar 28 2007 // Specialty Risk Associates Inc., based in Shreveport, La., has added two new employees to its team, Kathleen Suhy and David Wood. Kathleen Suhy joined the company as a personal lines underwriter. Suhy previously worked for...
London Looks for ‘Best Marine Talent ‘
Mar 27 2007 // Lloyd’s and the London markets are about to launch a new campaign “to encourage the brightest young talent in the marine market to play a role in shaping its future.” The Lloyd’s Market Association...
Max Re Approved to Acquire, Operate U.S. E&S Company
Mar 27 2007 // Bermuda-based Max Re Capital Ltd. announced that it has received regulatory approval from the Delaware Department of Insurance to acquire a U.S.-based excess and surplus lines company. Max Re (which is also in the process...
Top 10 myths of D&O liability insurance
Mar 26 2007 // Squelching frequent misconceptions of this valuable protection. 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,...
People
Mar 26 2007 // Louisiana Workers’ Compensation Corporation (LWCC) hired William B. Bangs IV as vice president of agency relations. In this position, Bangs will plan, direct and coordinate agency relations with insurance agents...
Top 10 myths of D&O liability insurance
Mar 26 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 ways for California surplus line brokers to avoid E&O exposures
Mar 26 2007 // Editor’s note: Although this article is geared toward California surplus line brokers, with small variations the same advice may be of help to surplus line and retail brokers in other states. Surplus line brokers...
New insurer caters PUREly to Florida’s wealthiest residents
Mar 26 2007 // Florida’s wealthy residents have a new personal lines insurer promising to save them money on premiums. The company will sell property/casualty insurance for high value homes, cars, jewelry, art, and personal excess...
Top 10 ways for California surplus line brokers to avoid E&O exposures
Mar 26 2007 // Editor’s note: Although this article is geared toward California surplus line brokers, with small variations the same advice may be of help to surplus line and retail brokers in other states. Surplus line brokers...
Lloyd’s Underwriter Survey Again Puts ‘Managing the Cycle’ as Chief Concern
Mar 23 2007 // “For the third year running, underwriters in the Lloyd’s market have identified managing the cycle as the most important challenge for the industry, and over two-thirds believe that the industry has made some...
Fireman’s Fund Offers Optional Endorsement to Excess Policy Nonprofits Coverage
Mar 22 2007 // Novato, Calif.-based Fireman’s Fund Insurance Co. has launched a new optional endorsement available to Prestige Excess policyholders, increasing liability coverage for directors and officers of nonprofit...
Trinity E&S Insurance Services Enhances Artisans and Contractors Program
Mar 22 2007 // Trinity E&S Insurance Services Inc., Bermuda Dunes, Calif., has enhanced its artisans and contractors program written in California, Nevada, Arizona, Oregon and Washington to include several coverage enhancements. The...
