Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
California Commissioner says insurers earning ‘excess profits’
Jun 5 2006 // News Currents California Insurance Commissioner John Garamendi has released a new report, “Lower Claims, Higher Profits: Where Do Your Premium Dollars Go?” on the profitability of homeowners and private...
ACE USA Promotes Sherry to Senior VP-Global Property
Jun 1 2006 // ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, announced the promotion of Joseph Sherry to Senior Vice President, Global Property, part of ACE USA’s International & Specialty...
U.S. and Insurers Can Withstand Hurricanes Without Taxpayer Funds, Says Lloyd’s U.S.
Jun 1 2006 // Residents of the Northeast coast “ignore the hurricane threat at their peril,” a leading insurer is warning. At the same time, Wendy Baker, president of Lloyd’s America, says she is confident that the...
Ohio-based International Excess Acquires WSIB Motorsports Insurance
May 31 2006 // Cleveland, Ohio-based International Excess Companies has announced the acquisition of WSIB Motorsports Insurance of Indianapolis, Ind., effective March 1, 2006. With offices in Indianapolis, as well as in the states of...
Quanta Puts Specialty Lines into Runoff; Retains Lloyd’s, ESC Business
May 26 2006 // Bermuda-based Quanta Capital Holdings Ltd. announced that “following the evaluation of strategic alternatives, and in consultation with its financial advisors, the Board has decided to cease underwriting or seeking...
Praetorian to Acquire Surplus Lines Insurer Alea North Ammerica
May 26 2006 // Specialty insurer Praetorian Financial Group said it has agreed to acquire Alea North America Specialty Insurance Company (ANASIC), an affiliate of Alea Group Holdings (Bermuda) Ltd of Hamilton, Bermuda. ANASIC is a...
California Commissioner Says Insurers Earning “Excess Profits”
May 25 2006 // California Insurance Commissioner John Garamendi has released a new report on the profitability of homeowners and private passenger automobile insurance companies. According to the Commissioner’s office, “the...
S&P Rates Catlin’s Lloyd’s Syndicate ‘4-‘ (Low Dependency)
May 25 2006 // Standard & Poor’s Ratings Services has assigned its interactive Lloyd’s Syndicate Assessment (LSA) of ‘”-” (low dependency) to U.K.-based Catlin Underwriting Agencies – Syndicate...
Ward Pushes Lloyd’s Reform
May 23 2006 // A little less than a month after he assumed the position of Lloyd’s CEO, Richard Ward is proving to be the kind of hands on executive Lord Levene and other Lloyd’s managers wanted. His first major initiative...
ACE USA Launches Excess Casualty Corporate Risk Product
May 23 2006 // ACE USA, the U.S. based retail operating division of the ACE Group of Companies, has launched a new Excess Casualty Corporate Risk product. The ACE USA Excess Casualty Corporate Risk product offers umbrella liability...
Harnessing technology in the London insurance market
May 22 2006 // Kinnect is dead! Long live Kinnect! Although Lloyd’s long troubled IT project was consigned to the flames last January (See IJ Website Jan. 24), a number of IT phoenix have risen from its ashes. “I think 2006...
Fla. legislative package targets Citizens deficits, mitigation; establishes oversight policies
May 22 2006 // The hurricane insurance package passed by the Florida Legislature just before adjournment May 5 is the most significant property insurance bill since major legislation following Hurricane Andrew in the early 1990’s,...
People
May 22 2006 // Texas Mutual Insurance Company appointed Larry Wagner as its new vice president of underwriting. Wagner will serve as chief underwriting officer and will oversee loss prevention efforts. Wagner has 30 years of underwriting...
Harnessing technology in the London insurance market
May 22 2006 // Kinnect is dead! Long live Kinnect! Although Lloyd’s long troubled IT project was consigned to the flames last January (See IJ Website Jan. 24), a number of IT phoenix have risen from its ashes. “I think 2006...
Lloyd’s Releases 2005 Annual Report
May 17 2006 // Lloyd’s has released its official 2005 annual report. The package also contains a report from acting CEO Luke Savage, a statement from Lloyd’s Chairman Lord Peter Levene and a detailed breakdown of...
Navigators Expands Excess & Surplus Lines Business
May 17 2006 // Navigators Management Company, the principal underwriting agency subsidiary of The Navigators Group Inc., has established a new Primary Casualty Division to be based in Chicago. Christopher Day has joined Navigators as...
Liberty International Underwriters Opens Los Angeles Office
May 16 2006 // Responding to the increasing influx of business from the Southwest and Southern California, in particular, Boston-based Liberty International Underwriters, a division of Liberty Mutual Group, has opened a Los Angeles...
NAS Adds New Floater Coverage to its Excess and Surplus Property Facility
May 10 2006 // NAS Insurance Services Inc., Encino, Calif., has a new floater coverage program as part of its E&S property facility. The program (Equipment Floater – Fine Arts – Transit) features a $100,000 sublimit,...
Texas Surplus Lines Group Heads to Calif. for Mid-Year Meeting in July
May 10 2006 // The Texas Surplus Lines Association (TSLA) will be hosting its 2006 Mid-Year Meeting July 23-26 at the Four Seasons Aviara in Carlsbad, Calif. TSLA celebrates its 50th anniversary this year. Speakers scheduled for this...
Brunelle Joins Noodle Specialty Brokers
May 9 2006 // Lisa Brunelle, 43, has joined the Underwriting Department of Noodle Specialty Brokers (NSB), a division of InsuranceNoodle, as a vice president responsible for underwriting private company middle-market business. Prior to...
