Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
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...
Artisan contractors run for liability cover
Jan 2 2006 // Artisan contractors are being squeezed in the insurance market as general contractors and insurers do what they can to transfer and limit their exposures, especially in so-called “pain” states. Artisans are...
Sizing Up The Construction Market
Jan 2 2006 // The list of insurers is hsorter and restrictions longer When he is presented with a construction account at his office on Fifth Avenue in Manhattan, Rubin Alspector can quickly determine which insurers might write it. He...
Lots of stability
Jan 1 2006 // When he is presented with a construction account at his office on Fifth Avenue in Manhattan, Rubin Alspector can quickly determine which insurers might write it. He knows his standard markets well enough to know that only...
Artisan contractors run for liability cover
Jan 1 2006 // Artisan contractors are being squeezed in the insurance market as general contractors and insurers do what they can to transfer and limit their exposures, especially in so-called “pain” states. Artisans are...
Insurers’ Income, Surplus Rise Despite Record Catastrophe Losses
Dec 28 2005 // The U.S. property/casualty insurance industry’s net income after taxes rose 4.4 percent, or $1.2 billion, to $28.8 billion in nine-months 2005 from $27.6 billion in nine-months 2004. Reflecting the industry’s...
Burns & Wilcox Offers New Contractors’ Environmental Market
Dec 26 2005 // Burns & Wilcox has launched a new environmental program with ACE Westchester Specialty Group Environmental for environmental contractors and consultants. Rated “A+” by A.M. Best, ACE Westchester Specialty...
S&P Assigns Lloyd’s Assessment Rating to Amlin’s Syndicate 2001
Dec 23 2005 // Standard & Poor’s Ratings Services announced that it has assigned its interactive Lloyd’s Syndicate Assessment (LSA) of ‘4’ (low dependency) to U.K.-based Amlin Underwriting – Syndicate...
