Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Prime Authorized to Write Surplus Lines in Virginia
Oct 25 2006 // Chicago, Illinois and Salt Lake City, Utah – Prime Holdings Insurance Services, Inc. (“Prime Holdings”) announced that its subsidiary, Prime Insurance Company (“Prime”), received approval to...
Aon Re Intercedes with A.M. Best for Lloyd’s Clients
Oct 25 2006 // Aon Re Global, the Chicago-based reinsurance broker, notes that it “recently facilitated communications between rating agency A.M. Best and Lloyd’s that resulted in a clarification of Best’s treatment of...
Aon Moves On Exit Plan, Announces Sale of Construction Program
Oct 25 2006 // Chicago-based Aon Corp. today announced that it has taken further steps to exit its property & casualty underwriting business by signing a letter of intent for the sale of its Construction Program Group (CPG). Aon...
RMS Licenses Cat Model to Lloyd’s Beaufort Syndicate.
Oct 24 2006 // Newark, Calif.-based Risk Management Solutions (RMS), which provides products and services for the management of catastrophe risk, announced that Beaufort Underwriting Agency Ltd., on behalf of its managed syndicate MSF...
Breeding the next generation through internships
Oct 23 2006 // In cooperation with insurance industry partners, universities across the nation are helping to cultivate the next generation of risk managers and actuarial scientists through insurance internship programs. As an example,...
Berkshire Hathaway’s National Indemnity in Deal to Back then Acquire Lloyd’s Equitas
Oct 20 2006 // Broadway producers call them “angels:” rich people who put up the money to fund their shows. In that sense, Equitas, the Lloyd’s vehicle set up in 1996 to run off a mountain of asbestos and environmental...
S&P’s Positive Reaction to Equitas/National Indemnity Deal
Oct 20 2006 // Standard & Poor’s Ratings Services reacted positively to the news that Berkshire Hathaway’s National Indemnity will initially back and could eventually take over Lloyd’s run-off vehicle Equitas Ltd....
Lloyd’s Head of Exposure Management Calls for ‘Open Source’ Models
Oct 19 2006 // In an address to the 20th Annual International Reinsurance Congress in Bermuda, Lloyd’s Head of Exposure Management, Paul Nunn, suggested that the time was right for the industry to develop the concept of “open...
GOP Attempt to Call Special Session in La. Faces Hurdles
Oct 18 2006 // Republican state lawmakers face steep hurdles in their attempts to call the Louisiana Legislature into special session early next month an attempt to sidestep Democratic Gov. Kathleen Blanco, who they say is moving too...
HRH Appoints Leader of E&S Operations
Oct 17 2006 // Hilb Rogal & Hobbs has appointed Bob Abramson the new leader of its national exces and surplus lines operations. He began his surplus lines career in 1977 with Bliss & Glennon Inc. After earning a CPCU and...
La. Gov. Runs Into Opposition for Insurance Rate Relief Plan
Oct 16 2006 // Opposition began lining up almost as soon as Louisiana Gov. Kathleen Blanco announced her plan to bail out the state-run property insurance company, which is financially strapped after last year’s...
Prime Holdings Launches New Excess and Surplus Lines Company
Oct 12 2006 // Prime Holdings Insurance Services Inc. announced that its subsidiary, Prime Insurance Co., a new surplus lines insurance company funded with a cash infusion of $16 million in May, has received an A. M. Best...
Breeding the next generation through internships
Oct 9 2006 // In cooperation with insurance industry partners, universities across the nation are helping to cultivate the next generation of risk managers and actuarial scientists through insurance internship programs. As an example,...
The Future for Agents’ E & O
Oct 9 2006 // David Duncan of David C. Duncan Insurance Services in Rancho Santa Margarita, Calif., is worried about whether and how much the cost of his agency errors and omissions insurance might go up next year. Duncan started his...
House passes surplus lines, reinsurance regulatory reform legislation
Oct 9 2006 // The U.S. House of Representatives passed legislation on Sept. 27 that would apply single-state regulation and uniform standards to the nonadmitted insurance and reinsurance marketplace. H.R. 5637, The Non-Admitted and...
Breeding the next generation through internships
Oct 9 2006 // In cooperation with insurance industry partners, universities across the nation are helping to cultivate the next generation of risk managers and actuarial scientists through insurance internship programs. As an example,...
News Currents
Oct 9 2006 // House passes surplus lines, reinsurance regulatory reform legislation The U.S. House of Representatives passed legislation on Sept. 27 that would apply single-state regulation and uniform standards to the nonadmitted...
The Future for Agents’ E&O
Oct 9 2006 // David Duncan of David C. Duncan Insurance Services in Rancho Santa Margarita, Calif., is worried about whether and how much the cost of his agency errors and omissions insurance might go up next year. Duncan started his...
Lloyd’s CEO Gives CII Keynote Speech
Oct 6 2006 // Richard Ward, in his first major speech since becoming Lloyd’s CEO, opened the U.K.’s Chartered Insurance Institute’s (CII) annual conference in Glasgow yesterday Oct. 5 with a discussion of the...
Lloyd’s Updating Rules for ‘Names’
Oct 5 2006 // Until 1994, i.e. for over 300 years, “Names,” or individual wealthy investors were Lloyd’s source of capital to back its underwriting syndicates. The introduction of corporate capital changed that...
