Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Connecticut
Jan 22 2006 // Welcome to Insurance Journal’s 2006 National Directory of Excess, Surplus and Specialty Markets, Volume 1. This exclusive biannual market directory has been designed to assist independent agents and brokers in the...
Reinsurance Outlook
Jan 22 2006 // Although Katrina is long gone, the clouds of misfortune she and her sisters generated will linger for decades. They radiate well beyond Louisiana, Florida, Texas, Mississippi, Alabama and other regions into the heart of...
Excess, Surplus & Specialty
Jan 22 2006 // Main Street E&S: Why independent agents like backyard brokers In today’s business world, it’s rare to hear a live voice on the other end of a phone call. Most companies, small and large, have succumbed to...
CLOSER LOOK: Excess, Surplus & Specialty
Jan 22 2006 // XL, Rockhill and GMAC RE jockey for market share with established surplus lines writers Katrina-sized catastrophes put added pressure on admitted carriers, which increases the demand for greater capacity in excess and...
Crump E&S Hires Nicol
Jan 20 2006 // Crump E&S of California Inc. announced that Debra Nicol has joined the Southern California property/casualty brokerage team. Nicol brings more than 25 years experience in the Wholesale surplus lines casualty area. Her...
Lloyd’s Consortium Forms New Facility for Satellite Insurance
Jan 20 2006 // A consortium of Lloyd’s underwriters has formed a new facility for satellite insurance that will “enable the most accurate pricing of risks the sector has ever seen,” said an announcement on the...
Best Downgrades FSR for Louisiana Farm Bureau; Outlook Negative
Jan 18 2006 // A.M. Best Co. has downgraded the financial strength rating to B+ (Very Good) from A- (Excellent) of Louisiana Farm Bureau Mutual Insurance Company (LFB) (Baton Rouge, La.). The rating has been removed from under review and...
Lloyd’s Launches “Optimal Platform” to Meet Foreign Competition
Jan 17 2006 // Lloyd’s has launched a new three-year plan to keep the London market healthy in the face of growing foreign competition, especially from Bermuda. The plan, called the Optimal Platform, outlines a “package of...
Lloyd’s Brokers Respond to Piracy Threats Against Ships’ Crews
Jan 17 2006 // Specialist intermediary Seacurus and Lloyd’s broker Cooper Gay have launched “CrewSEACURE,” a new type of marine cover underwritten within Lloyd’s, which addressees the rising instances of piracy,...
DMI Launches E&S Division for Auto Dealers and Specialty Shops
Jan 16 2006 // Morgan Hill, Calif.-based DMI Insurance Services Inc., has created a wholesale division that will specialize in E&S markets for independent auto dealers and automotive specialty shops. Tina Evans, an insurance...
Excoffier Joins Guy Carpenter as Sr. VP-Property Specialty Practice
Jan 12 2006 // Guy Carpenter & Company, Inc., the global risk and reinsurance specialist of the Marsh & McLennan Companies, announced that Eric Excoffier has joined its Property Specialty Practice as Senior VP and Practice...
EIB Offers Independent Producers Lloyd’s Paper on Certain Liability Risks
Jan 12 2006 // Evolution Insurance Brokers, (“EIB”) is pleased to inform its independent producer network that effective October 1, 2005, an opportunity for additional excess and surplus lines coverage is available with...
Lloyd’s Urges U.S. to End Foreign Insurers’ Trade Barriers
Jan 11 2006 // Barriers to trade must be removed to permit foreign reinsurers to lend more support in the event of another mega-disaster such as Hurricane Katrina, Lloyd’s chairman Lord Levene told New York business...
Lloyd’s Sees Growing Demand for Yacht Coverage
Jan 10 2006 // An article on the Lloyd’s Web site (www.lloyds.com) notes that “boat ownership continues to grow at a time when insurers are considering the areas around the world where they are willing to cover yachts and...
Lloyd’s Amlin Upbeat on 2005/2006
Jan 10 2006 // Lloyd’s insurer Amlin plc has issued a very positive assessment of its 2005 results and is equally upbeat about prospects for 2006. Amlin said it “expects that, in the absence of unforeseen circumstances, its...
Lloyd’s Creechurch Creates Syndicate to Conform with Shari’ah Law
Jan 6 2006 // Lloyd’s insurer Creechurch Underwriting Limited announced the formation of the first Lloyd’s Syndicate to be managed in accordance with Islamic Shari’ah principles. “Stephen Gargrave will be the...
Lloyd’s Survey Confirms Small Business Confidence in Brokers
Jan 5 2006 // A survey, commissioned by the General Insurance Market Association (GIMRA), which queried 500 small and medium-sized businesses (SME’s), has determined that they continue to have confidence in traditional insurance...
U.K. Experts Warn of Continuing, Evolving Global Terrorist Threats
Jan 5 2006 // A leading U.K. intelligence expert and a specialist in terrorist underwriting at Hiscox Plc have warned that the threat of terrorism will not diminish in the year ahead with the continued potential for attacks around the...
Lloyd’s Reminds Companies on Importance of Recall Coverage
Jan 4 2006 // A bulletin on the Lloyd’s Web site (www.lloyds.com) reminds companies of the importance of having sufficient coverage in force to handle potential recalls of the consumer products they sell. Lloyd’s interviewed...
N.J.-Based E&S Broker Jimcor Adds Seigel, Promotes 2 Others
Jan 2 2006 // Jimcor Agencies, a Northeast excess and surplus lines wholesaler based in Montvale, N.J., made several management changes. Frank Seigel has joined as the North New Jersey branch manager. Seigel brings with him more than 30...
