Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Reinsurers Adopt ‘Wait and See’ Posture at Rendezvous
Sep 13 2006 // For the first time in two years the high and mighty from the reinsurance world have gathered for the annual Rendezvous in Monte Carlo without having to face the consequences of an ongoing catastrophe (Ivan in 2004 and...
CV Starr Launching Lloyd’s Syndicate
Sep 12 2006 // Lloyd’s has approved a new syndicate, Syndicate 1919, which will be capitalized by C.V. Starr (25%) and Starr International Investments Limited (75%). The syndicate aims to start underwriting on October 1, 2006,...
Berkley Launches Specialty Division for Environmental Contractors
Sep 12 2006 // W. R. Berkley Corporation announced that Berkley Specialty Underwriting Managers LLC has formed a new division that will offer specialty insurance products for environmental contractors, consultants and site specific...
Singapore PM Urges Lloyd’s to Expand Asian Links
Sep 11 2006 // Lloyd’s Chairman Lord Levene welcomed His Excellency Lee Hsien Loong, Prime Minister of Singapore, and a host of senior executives from across the insurance market, government and business at a dinner held in the...
Best Affirms ‘A’ Rating of Markel’s Lloyd’s Syndicate 3000
Sep 8 2006 // A.M. Best Co. has affirmed the financial strength rating of “A” (Excellent) and issuer credit rating (ICR) of “a” of Lloyd’s Syndicate 3000. The outlook on both ratings remains...
Beazley Launches Lloyd’s Facility for U.S. Commercial Property Cat Risks
Sep 6 2006 // The London-based Beazley Group plc, a leading Lloyd’s insurer, has created a facility in the Lloyd’s market for catastrophe – exposed U.S. commercial property risks. Beazley said its “Quincat...
Hiscox Lloyd’s Syndicate ‘in Discussions’ on Bermuda Sidecar
Sep 5 2006 // The U.K.’s Hiscox plc announced that its Board of Directors, is “in discussions which could lead to the creation of a new reinsurer, which will only reinsure Hiscox Syndicate 33,” which it manages, and in...
Surplus lines designation curriculum updated; good fit for retailers as well
Sep 4 2006 // After 10 years on the circuit, the surplus lines industry’s first designation has received a facelift. Beginning in January 2007, the Associate in Surplus Lines Insurance designation (ASLI) will be earned by passing...
Rates are softening
Sep 4 2006 // As the surplus lines world turns to another year of soft market conditions, specialists and innovators may be the ones to survive as increasing competition intensifies, according to excess and surplus lines brokers,...
Also, Phillip Hill was elected chief financial officer and vice president of operations. Hill has been part of Ogilvy-Hi
Sep 4 2006 // People Ogilvy-Hill Insurance elected Mark Shipp president and CEO. Shipp has been with Ogilvy Hill for 11 years. In addition to his new role as president/CEO he will continue to build new relationships in the field. The...
Lloyd’s Outlines its Reinsurance Activities, Thunderbird Re Sidecar
Aug 31 2006 // In anticipation of the upcoming Reinsurance Rendezvous in Monte Carlo, Lloyd’s has presented an outline of its reinsurance activities and announced the creation of a Cayman Islands-based sidecar, Thunderbird Re, to...
PIA National Offers Agents’ E&O Coverage Through Lloyd’s
Aug 31 2006 // The National Association of Professional Insurance Agents (PIA) has a new market for insurance agents’ Errors and Omissions (E&O) insurance through Lloyd’s, London – utilizing Lighthouse...
Pacific Coast E&S Offers Liquor Liability Program
Aug 28 2006 // Pacific Coast E&S Services, Sherwood, Ore., is offering a new market for liquor liability in Oregon. This is a market for stand-alone liquor liability for restaurants, bars, taverns — live entertainment OK...
Network E&S Launches Builder’s Risk Program
Aug 28 2006 // Network E&S Insurance Brokers LLC, a California-based wholesale broker, has launched a new limited access builder’s risk/contractors equipment program. The program is available for residential and commercial new...
St. Paul Travelers Realigns Business Units into New Segments
Aug 25 2006 // The St. Paul Travelers Companies, Inc. said will realign its three Commercial, Specialty and Personal lines segments. The Commercial and Specialty segments will be realigned into two new segments: the Business Insurance...
Gray-Stone & Co. Acquires Cascade General Agency/ Amstar E&S
Aug 22 2006 // Gray-Stone & Co, Thousand Oaks, Calif., has acquired the accounts of Cascade General Agency Inc./Amstar E&S in Moorpark, Calif. The Moorpark office has closed. A number of the former employees are now working at...
New Lloyd’s Syndicate to Provide Amateur Sports Coverage
Aug 16 2006 // The old saying about necessity being “the mother of invention” also seems to hold true for the insurance industry. With the number of sports related injuries on the increase in the U.K. – there are an...
Lloyd’s Warns on Australian Stock Broker Coverage
Aug 14 2006 // Lloyd’s issued a bulletin warning that an Australian stock brokerage firm called The Armitage has been falsely claiming to have coverage from Lloyd’s. Lloyd’s said it “has become aware” that...
U.S. Surplus Lines Brokers Detailed on Lloyd’s Website
Aug 9 2006 // Lloyd’s has placed detailed information on U.S. surplus lines brokers on its Website www.lloyds.com/us. The information available will “help the market verify the license details of surplus lines...
Hannover Re on Track to Make Profit Goals; Q2 Net up 2% to $193.7 Million
Aug 8 2006 // “Our result as at 30 June is a good basis for achieving our 2006 profit target, namely a return on equity of at least 15 percent,” stated Hannover Re’s CEO William Zeller, as he presented the German...
