Latest Excess Surplus Headlines

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

QualCorp, Inc. Unveils QueryPlus Reporting Tool at AAMGA Maui, May 5 – 8

May 3 2006 // QueryPlus is a reporting tool that reads every database you operate on your LAN/WAN simultaneously and in real time. Regardless of location or size of your database! QueryPlus connects the information from any of these...

Navigators Q1 Earnings up 22% to $15.5 Million; Conference Call Info

May 2 2006 // The New York-based Navigators Group, Inc. reported net income of $15,525,000 or $0.93 per share for the 2006 first quarter based on 16,757,000 diluted shares compared to net income of $9,699,000 or $0.76 per share for the...

The Harford Saw Record First Quarter Net Income; Added 250 Agents

May 1 2006 // The Hartford Financial Services Group, Inc., out of Hartford, Conn., reported first quarter 2006 net income of $728 million, or $2.34 per diluted share. The Hartford’s core earnings in the first quarter of 2006 were...

Assurant Acquires Safeco Financial Institution Solutions

May 1 2006 // Assurant, Inc., a provider of specialty insurance and insurance-related products and services, has acquired all of the outstanding capital stock of Safeco Financial Institution Solutions Inc. based in Seattle, Wash., a...

Fla. Insurance Council Describes Pending Legislation

Apr 27 2006 // The Florida House Insurance Committee and the House Fiscal Council have approved CS/CS/HB 7225, and according to the Florida Insurance Council, the next stop is the full House. FIC released a side-by-side comparison of...

NAS Insurance Services Adds Dwelling Coverage for E&S Property Facility

Apr 25 2006 // Encino, Calif.-based NAS Insurance Services, Inc. has a new excess coverage program as part of its excess and surplus property facility. The program features a maximum limit of $5 million, a minimum premium of $2,500 and a...

Lloyd’s Names Faragher China Re COO

Apr 25 2006 // Lloyd’s has announced that Ian Faragher has been appointed Chief Operating Officer of its new Chinese onshore reinsurance operation in Shanghai, Lloyd’s Reinsurance Company (China) Ltd., effective May...

State National Adds Surplus Lines Company

Apr 25 2006 // State National Companies announced the formation of a new affiliate, United Specialty Insurance Company (USIC). The company will exclusively service the surplus lines market. The company began operation in March following...

Ward Assumes Lloyd’s CEO Role

Apr 24 2006 // Richard Ward officially took up his duties as Lloyd’s new CEO today, replacing Nick Prettejohn, who resigned last December to head Prudential (U.K.)’s domestic insurance operations and taking over from interim...

Mint Canadian Launches BI ‘Outbreak Contingency Cover’ for Bird Flu

Apr 24 2006 // Mint Canadian Specialty Underwriters, the Canadian niche insurer, has announced the launch of a new and unique product, dubbed “Outbreak Contingency Cover. Mint is part of Markel’s international operations,...

Unitrin Specialty® gets another “A”!

Apr 24 2006 // Strong Financials, Operating Performance gets thumbs up from Standard & Poor DALLAS, TEXAS – Standard and Poor’s Ratings Services affirmed its “A” financial strength ratings on Unitrin’s...

New Dwelling Coverage from NAS’s E&S Property Facility

Apr 21 2006 // NAS Insurance Services Inc. has a new excess coverage program as part of its E&S property facility. The program features a maximum limit of $5 million, a minimum premium of $2,500 and a minimum deductible of $2,500....

Ohio-Based The Midland Company Reports First Quarter Results

Apr 20 2006 // Cincinnati-based The Midland Company, a provider of specialty insurance products and services, announced record results for the first quarter ending March 31, 2006, according to a written statement issued this week. The...

Marsh Offering Entertainment Industry Coverage through Lloyd’s

Apr 19 2006 // A note on the Lloyd’s Website (www.lloyds.com) describes a new initiative from global broker Marsh, which offers a “new range of products covering celebrities and those working behind the scenes in TV, film,...

Sound Risk Management, Strong Investment Results Prove Positive for P/C Industry

Apr 18 2006 // U.S. property/casualty insurers managed to increase earnings and add to their capital base in 2005 despite record catastrophe losses, according to ISO and the Property Casualty Insurers Association of America (PCI). Sound...

Western Security Surplus Adds March as Broker

Apr 17 2006 // Western Security Surplus Insurance Brokers Inc., Pasadena, Calif., has added Tony March to its underwriting staff as broker. March began his insurance career in 1988 at The Sullivan Group in Seattle as junior underwriter...

Debra Bowers

Apr 17 2006 // People Conroe, Texas-based managing general agency and wholesale insurance broker Surplus Inc. announced key promotions within its management team. Debra Bowers was promoted to executive vice president. Bowers has 25 years...

Closer Look: Insurance Associations

Apr 17 2006 // Editor’s note: This is the second article in a series on Western insurance associations. Part I of this article appeared in the April 3, 2006, western region publication beginning on page 47. As people migrate to the...

Tim Summers

Apr 17 2006 // People Pacific Specialty Insurance Co., Menlo Park, Calif., promoted Tim Summers to chief operating officer. Summers will continue his duties as executive vice-president and corporate secretary, overseeing the product...

Arizona establishes new penalties for late surplus lines tax payments

Apr 17 2006 // The Arizona Department of Insurance has established new civil penalties if a surplus lines broker fails to remit the surplus lines tax provided for by state statute 20-416 based on the amount of tax overdue. According to...