Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Brownyard Ups Limits for Umbrella/Excess Liability Program
Oct 7 2005 // Brownyard Group recently expanded Brownguard – its flagship package program for security guard firms – to include limits up to $5 million. Brownguard provides broad coverage which includes: General Liability,...
Lloyd’s Reports First Half Profit
Oct 6 2005 // Lloyd’s announced an interim profit of 1.38 billion pounds Sterling ($2.47 billion) for the six month period ended June 30, 2005, a 21% increase compared to the same period in 2004. The severe hurricane season will...
Lloyd’s Report Says Global Businesses Fail to Identify, Manage Emerging Risks
Oct 5 2005 // Despite spending more time on risk management, board directors at global businesses are failing to identify and manage emerging risks effectively, according to a new research report published by...
Record First-Half, Surplus Boost P/C Insurers’ Ability to Pay Hurricane Losses
Oct 5 2005 // The U.S. property/casualty insurance industry’s net income after taxes rose 29.1 percent to a record $30.9 billion in first-half 2005 from $23.9 billion in first-half 2004. Reflecting the industry’s income, its...
Liotta Joins Willis Re U.S. Specialty Practice
Oct 3 2005 // Willis Group Holdings, the global insurance broker, strengthening its Willis Re management team, has appointed Vincent D. Liotta as executive vice president and production director of the Willis Re U.S. Specialty...
News Briefs
Oct 3 2005 // Roundup of Katrina Loss Estimates: As the scope of the devastation wrought by Hurricane Katrina became increasingly evident, European and Bermuda-based insurers and reinsurers continued to calculate their potential...
Lloyd’s Syndicate to Offer Identity Theft Insurance Coverage
Sep 28 2005 // SVB Syndicate 1007, at Lloyd’s, announced the availability of identity insurance to help address the perils of identity theft. For the past five years in America, identity theft has reportedly been the number one...
Imagine to Acquire Lloyd’s Abacus
Sep 28 2005 // Imagine Insurance Company Limited, a member of The Imagine Group, announced that it has entered into an agreement in principle to acquire all of the outstanding shares of Abacus Syndicates Limited and Abacus Underwriting...
Argonaut Group’s Trident Insurance Expands Identity Recovery Coverage to College and University Customers
Sep 26 2005 // San Antonio – Trident Insurance Services, LLC, a wholly owned subsidiary of Argonaut Group, Inc. (NASDAQ: AGII) announced at the annual National Association of Professional Surplus Lines Offices, Ltd. (NAPSLO)...
Best Report: Excess & Surplus 2005 – Premium Growth Decreases Amid Softening Market
Sep 26 2005 // In 2004, after growing significantly for three consecutive calendar years, direct premium volume for the surplus lines industry remained relatively flat, according to a special report released by A.M. Best Co. The...
Darwin, PGU Offer Specialty Coverages for Public Entities
Sep 22 2005 // Darwin Professional Underwriters Inc. (Darwin) and Professional Government Underwriters Inc. (PGU) have entered into a program arrangement whereby PGU will be the exclusive provider of professional liability coverages for...
2010: The Road Ahead for Surplus Lines Wholesalers
Sep 20 2005 // The model surplus lines insurance brokerage of 2010 should be faster, bigger, better, leaner, able to cross state lines and come in colors other than white. Industry leaders predict that while there might be slightly fewer...
Federal Role in Regulation is the Big Unknown in Surplus Line’s Future
Sep 19 2005 // If Congress Changes Regulation, Impact Would be Big … But That’s a Big ‘If’ While underwriting cycles and the dynamics of distribution are certain to shape the surplus lines industry of 2010, a...
Southeast Surplus Underwriters Welcomes Becker
Sep 19 2005 // Southeast Surplus Underwriters General Agency Inc., based in Beaumont, Texas, announced the addition of Renee Becker as marketing assistant. As a marketing assistant for SES, Becker will be responsible for providing...
In Uncertain Times, Surplus Market Certain to Respond
Sep 19 2005 // Regardless of what insurance regulation looks like in 2010, experts say the surplus lines industry will still be defined by its ability to adapt and innovate in the product arena. The industry’s freedom from rate and...
Independent Agents Have Beaten the Internet; Now Face Opportunities in Exchanges
Sep 19 2005 // Independent insurance agents have outplayed and outscored the Web-based insurance distribution systems that tried to eliminate them and are on the verge of even greater victories, one of the industry’s technology...
Drivers in 15 States Pay In Excess of $1,000 for Automobile Coverage
Sep 16 2005 // The average auto insurance premium in the country was about $939 in 2003, or about six percent higher than it was in 2002. For that same year, drivers in 15 states paid above $1,000 a year in premium, according to a report...
Lloyd’s Estimates Katrina Impact at $2.54 Billion
Sep 15 2005 // Following a review by all of its 44 managing agents, who operate its 62 active syndicates, Lloyd’s issued a bulletin indicating that its preliminary estimate of losses from Hurricane Katrina are approximately 1.4...
Kinnect’s Leaders Resign; Lloyd’s IT Platform to Undergo “Recoding”
Sep 15 2005 // Lloyd’s spokesperson Louise Shield confirmed that Toby Davies, the CEO of its Kinnect IT platform, and Iain Saville, the project’s Executive Chairman, have both stepped down, effective Sept. 14. Shield noted...
Best Takes Various Rating Actions in Wake of Katrina
Sep 15 2005 // Due to the evolving effects of Hurricane Katrina, A.M. Best Co. has been aggregating public and private information in order to assess the financial impact it will have on insurers. A.M. Best expects all rated companies...
