Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
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...
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....
