Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Lloyd’s Kinnect Platform Wins Two ACORD Awards
May 25 2005 // Kinnect, the electronic platform develped by Lloyd’s, which securely exchanges risk data and wordings between brokers and underwriters, has won two awards from international standards body ACORD. “The platform...
Old Rhode Island’s New Pawtucket: Big Plans to Stay Small
May 23 2005 // Investors Plan Small, Focused Writer of Homes, Including on Coasts, in Mass., R.I., N.Y. The investors in line to revitalize the 157-year old Pawtucket Mutual Insurance and its subsidiary Narragansett Bay Insurance...
Rodney Pierson
May 23 2005 // Twig Branch Seattle, Wash.-based Physicians Insurance A Mutual Company has announced that Rodney A. Pierson has been named senior vice president, CFO and treasurer. Pierson’s long history in finance includes his...
Ballinger Describes Texas Stamping Office Operations to AAMGA University
May 23 2005 // Structural similarities and differences between stamping and service offices in the 15 stamping offices across the U.S. and how their markets differ were discussed by Phil Ballinger, executive director of the Surplus Lines...
Ballinger Describes Texas Stamping Office Operations to AAMGA University
May 23 2005 // Structural similarities and differences between stamping and service offices in the 15 stamping offices across the U.S. and how their markets differ were discussed by Phil Ballinger, executive director of the Surplus Lines...
Prime Gets Go-Ahead to Write Surplus Lines in Vermont
May 19 2005 // The Prime Insurance Syndicate Inc. has received approval to write surplus lines insurance business in Vermont through the INEX Insurance Exchange effective as of April 7, 2005. Prime, which offers solutions for...
Argonaut Group Expands with Launch of Argonaut Specialty
May 19 2005 // Argonaut Group Inc. is expanding its commitment to the wholesale insurance market with the creation of a new company, Argonaut Specialty, which will target accounts that are somewhat larger than those currently handled by...
Higginbotham & Associates Adds VP to Specialty Energy Division
May 17 2005 // Higginbotham & Associates, a privately held insurance brokerage firm based in Fort Worth, Texas, named commercial property and casualty broker Scott Fitzgerald as vice president to reflect his increased 2004 sales...
Reardon Joins International E&S Brokers in Dual Roles
May 17 2005 // Charles Wardlaw, CEO, and Kevin Crombie, president of Encino, Calif.-based International E&S Brokers Inc., announced that Vince Reardon has joined International E&S in the dual role of underwriting manager for...
Specialty Underwriters’ Alliance Reports Q1 Loss of $4.5 Million
May 17 2005 // Chicago-based wholesaler Specialty Underwriters’ Alliance Inc. reported a net loss of $4.5 million for the quarter ended March 31, 2005. Total revenues were $1.3 million, comprised of earned insurance premiums of...
Lloyd’s U.S. Appoints Valdmanis VP-Communications; Moves to New Office
May 13 2005 // Lloyd’s U.S. office announced the appointment of Thor Valdmanis as vice president, Communications for North America. In the newly created post, he will be responsible for all media activities and promotions in the...
More Support for Lloyd’s Business Platform Kinnect
May 12 2005 // Lloyd’s announced that three more of its leading businesses – QBE European Operations (including Lloyd’s largest managing agent Limit and its company market operations); managing agent Cathedral and,...
Specialty Underwriters Partners With Public Entity Specialist
May 12 2005 // Chicago-based wholesaler Specialty Underwriters’ Alliance Inc. announced a new partner agent contract with Specialty Risk Solutions, which is also based in the Windy City and specializes in the public entity segment...
Sullivan Joins Beazley USA for Specialty E&O
May 10 2005 // Beazley USA, a subsidiary of the U.K.-based Beazley Group, plc, a leading Lloyd’s underwriter, announced that Jerry Sullivan is joining the company as the E&O Product Leader within Specialty Lines. He will be...
La. Commissioner Returns Truck to State After Criticism
May 9 2005 // Louisiana Insurance Commissioner Robert Wooley has sent his pricey, special edition pickup truck to the state’s surplus property yard, giving up the luxury perk that provoked sharp criticism of both the state-paid...
Best: Lloyd’s Syndicate 1414 Ratings Under Review; Negative Implications
May 6 2005 // A.M. Best Co. announced that it has placed the financial strength rating of “A+” (Superior) and the issuer credit rating of “aa-” of Lloyd’s Syndicate 1414 under review with negative...
Lloyd’s Chairman Highlights Three Important Hurricane Lessons
May 4 2005 // Three important lessons from the 2004 hurricane season were highlighted to more than 100 insurance professionals Wednesday in Miami by Lloyd’s Chairman Lord Levene, in advance of what is predicted to be another tough...
Guy Carpenter Publishes Specialty Program Survey
May 3 2005 // Guy Carpenter & Company Inc., a global risk and reinsurance specialist and a part of the Marsh & McLennan Companies, has announced the results of its premier survey of domestic insurance companies that write a...
AIG to Restate Past Financials as Internal Audit Continues; Acknowledges Lack of Internal Controls
May 2 2005 // American International Group Inc. said that it has decided to restate financials from several previous years and that preliminary results of its internal audit show its 2004 results should be reduced by $2.7 billion, or...
Lloyd’s Chairman to Address AAMGA, Discuss Challenges Facing the U.S. Market
May 2 2005 // Lloyd’s view of challenges facing the U.S. insurance market will be discussed by Lord Levene of Portsoken KBE and chairman of Lloyd’s of London in the keynote speech during the May 3 American Association of...
