Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
MODES OF INSURANCE REGULATION — WHO SUPPORTS WHAT?
Nov 20 2006 // H.R. 5637, the Nonadmitted and Reinsurance Reform Act, would: — Give sole regulatory and enforcement authority to the insured’s home state for the placement of surplus lines/nonadmitted insurance; —...
Not your father’s wholesaler
Nov 20 2006 // When it comes to today’s excess and surplus lines brokers, retail agents have a choice of several models Much is said about retail agents having to change with the times and stand out from the crowd to survive. But...
IIAT survey finds coastal insurance market tighter; more expensive
Nov 19 2006 // Property insurance along the Texas coast is getting harder to find plus premiums and deductibles are increasing, according to results from a survey of independent insurance agents. Respondents are members of the...
Surplus lines
Nov 19 2006 // N10 48 Understanding D&O risks for nonprofits Leaders’ duties are similar to those of for profit entities 52 Always problematic, Texas coastal insurance market hardens IIAT survey shows market is tighter, more...
People, partnerships lead to nearly a century of success
Nov 19 2006 // Good people can make or break a company. In San Diego-based Barney & Barney’s case, it’s clearly made it; the company has been in business for nearly a century, thanks to people who have invested their...
The Locomotive That Drive the Insurance Train
Nov 19 2006 // The insurance industry’s excess and surplus lines (E&S) sector has experienced a pronounced reversal of position in the last 20 years. Once considered a mere adjunct, a safety valve for risks that were too hard...
Not your father’s wholesaler
Nov 19 2006 // Much is said about retail agents having to change with the times and stand out from the crowd to survive. But what about wholesalers? Wholesale brokers are also trying to differentiate themselves, hoping retail agents will...
Jeffrey P. Leman, CPCU joins Prime Holdings as Chief Operating Officer
Nov 15 2006 // Chicago, Illinois and Salt Lake City, Utah – Jeffrey P. Leman recently joined Prime Holdings Insurance Services (“Prime”) to hold the position of Chief Operating Officer. Mr. Leman’s achievements...
Lloyd’s Names Barred from Action Against U.K. Government
Nov 13 2006 // A decision by Justice Langley, of the High Court in London, has dismissed a class-action lawsuit brought by Lloyd’s “Names”, individual investors, against the British government for the financial losses...
Lloyd’s Announces New Marine Underwriting Charter Policy
Nov 9 2006 // A bulletin on the Lloyd’s Website (www.lloyds.com) announced that its underwriters are “to provide the capacity for what is believed to be a world first for shipowners. The policy, Seacure60 is a cancellation...
Pilkington Appointed President of Argonaut’s E&S Segment
Nov 8 2006 // San Antonio, Texas-based Argonaut Group Inc. announced that Dale H. Pilkington, who currently serves as president of its Colony Group operating subsidiary, has been appointed president of Argonaut Group’s Excess and...
Lloyd’s James Tells PCI Threats to Industry Still Exist
Nov 7 2006 // Julian James, Lloyd’s Director Worldwide Markets, told delegates at the PCI Conference in Seattle that, despite the industry’s “current good fortune, I could make a strong case that we are still standing...
Everything old (or hot, modified, exotic, muscle, etc.) is valuable again
Nov 6 2006 // Insurance producers, follow the money. It’s going into collector vehicles of all makes, models and years. Here are three facts to illustrate. 1) Collectors spend money — lots of it — to buy and restore...
MarketScout Approved as Lloyd’s Coverholder
Nov 2 2006 // Dallas, Texas-based MarketScout, the eInsurance Exchange, has been approved as a Lloyd’s Coverholder. The approval process requires an extensive examination of the candidate’s underwriting capabilities,...
AFPD Launches Lawyers Professional Liability Program
Nov 2 2006 // Administrators for the Professions of Delaware Inc. introduced a new market for law firms with one to 15 attorneys that have disciplinary or frequency/severity issues. Firms performing high risk areas of practice (e.g.,...
Lloyd’s Releases Second ‘360 Report’ on Climate Change
Nov 1 2006 // Lloyd’s has released the second installment of its “360 Climate Change” series, entitled “What next for climate change?” Last June it published the first installment, entitled “Climate...
Catlin/Wellington Finalize Share Offer; Merger to Create Lloyd’s Largest Underwriter
Oct 30 2006 // The Boards of Directors of Catlin Group Limited and Wellington Underwriting Plc have agreed on the terms of a recommended Offer to be made by Catlin for the whole of the issued and to be issued share capital of Wellington....
The Hartford’s Net Income Jumps 41% for Third Quarter
Oct 30 2006 // The Hartford Financial Services Group, Inc. reported record third quarter 2006 net income of $758 million, or $2.39 per diluted share — a sizable 41 percent boost over the same quarter last year. The Hartford’s...
Western Security Surplus adds Texas Coastal Property Coverage
Oct 30 2006 // Ron Klimek, vice president and Dallas branch manager, announced that Western Security Surplus has increased capacity to write coastal property coverage in Texas, including wind and hail, Tier 1 and 2 counties. The property...
Quanta Moves Ahead on Deal with Chaucer to Form Pembroke
Oct 26 2006 // Quanta Capital Holdings Ltd. announced that its Lloyd’s business has taken a step forward in the formation of the Pembroke Managing Agency Limited with the signing of “definitive documents with Chaucer Holdings...
