Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Garland Joins Specialty Risk Associates
Mar 17 2005 // Shreveport, La.-based Specialty Risk Associates Inc. announced the addition of Thomas Garland as the new vice president of Underwriting and Marketing. Garland will coordinate the underwriting and marketing efforts of the...
Lloyd’s Settles with Central Fund Insurers for $ 292 Million; Best Comments
Mar 15 2005 // Lloyd’s announced that it has reached a settlement agreement with the insurers involved in the arbitration proceedings relating to an insurance policy supporting its New Central Fund. The settlement amount is £152...
Quanta Posts $14.4 Million Q4 Loss; $54.6 Million Full Year Net Loss
Mar 15 2005 // Bermuda’s Quanta Capital Holdings Ltd. reported that its net loss for the fourth quarter of 2004 was $14.4 million, or $0.25 per diluted share. This compares to a net loss of $37.4 million, or $0.66 per diluted...
S&P Issues Statement on Lloyd’s Market Ratings
Mar 15 2005 // Standard & Poor’s Ratings Services announced that it has clarified its approach to the Lloyd’s Market and the methodology it uses for rating the Market’s different components. In the just published...
Lloyd’s Chairman Addresses Norway’s Insurers
Mar 10 2005 // Lloyd’s Chairman, Lord Peter Levene, addressing a gathering of the Norwegian insurance industry, reminded his audience of the historic ties between the U.K. and the Scandinavian nation, observing that the two...
Jardine Lloyd Thompson Secures Lloyd’s of London Protection for Financial, Healthcare Sectors
Mar 9 2005 // JLT Risk Solutions Ltd. and Jardine Lloyd Thompson LLC, part of Jardine Lloyd Thompson Group plc, reported insurance capacity has been secured within the Lloyd’s of London market to provide new insurance protection...
Healthcare Revolution Delivers Opportunities for Surplus Lines Industry
Mar 7 2005 // How long do you plan on living?” asked a wholesale broker at a recent industry meeting. The trends facing every aspect of our healthcare system seem daunting at best. Yet, like the wholesale broker who asked this...
State Fund Files 2004 Financial Statement with CDI
Mar 2 2005 // In an annual statement filed Wednesday with the California Department of Insurance, State Compensation Insurance Fund documented that its policyholder surplus — assets minus claims reserves and other liabilities...
FSLSO Creates Digital Online Classroom, Stresses Online Education
Mar 2 2005 // The Florida Surplus Lines Service Office in Tallahassee has made a concerted effort to create a digital online classroom to improve educational resources to provide quick and quality service at its customers’...
Beazley Opens Up Shop in U.S. for Specialty Lines
Mar 2 2005 // London-based Beazley has started underwriting specialty lines business locally in the U.S. on behalf of its syndicates at Lloyd’s. The opening of its office in Farmington, Conn. is part of Beazley’s plans to...
William Blair & Co. Begins Coverage for Specialty Underwriters’ Alliance with Outperform Rating
Mar 1 2005 // William Blair & Company has initiated research coverage of Specialty Underwriters’ Alliance Inc., a start-up commercial property/casualty underwriter based in Chicago, focused on the specialty program business...
Ck Specialty Expands Into Oregon
Feb 23 2005 // Ck Specialty Insurance Associates Inc., a surplus line broker and managing general agent, has expanded operations into Oregon with a new office in Sherwood, just south of Portland in Washington County. Ck Specialty offers...
Moran Joins Network E&S Insurance Brokers
Feb 22 2005 // Network E&S Insurance Brokers LLC, a California-based wholesale broker, announced that Michael F. Moran has joined Network E&S as a Partner and as its Chief Operating Officer. Moran’s immediate...
Moran Joins Network E&S Insurance Brokers
Feb 21 2005 // Michael F. Moran has joined California-based wholesale broker Network E&S Insurance Brokers, LLC, as a partner and as its chief operating officer. His immediate responsibility will be to establish and to staff an...
Retailers Reel in the Perfect Catch
Feb 21 2005 // Response Time, Service Crucial When Selecting E&S Brokers, IJ Survey Reports Retail agents and brokers consider service and response time delivered by excess and surplus lines brokers to be critical factors when...
Kings & Pawns: Excess Brokers’ Moves and Mergers
Feb 21 2005 // The emergence of large national and regional firms and the creation of networks of brokers as industry kings are transforming the nation’s wholesale insurance marketplace but experts maintain that independent...
Checking in with ELANY’s Dan Maher
Feb 21 2005 // Back to Earth and Up to Albany for N.Y.’s Excess & Surplus Marketplace After setting records in 2004, the excess and surplus market in New York is expected to calm down this year, as the tremors from the Sept....
E&S Markets Medium, Softening Across the Board
Feb 21 2005 // Rising property prices and a healthy economy after the election year have encouraged competition for casualty business. Although account size is sometimes a factor in the directions prices move, E&S specialists say...
The Go-To Guy
Feb 21 2005 // Depending upon which side of the fence you stand, the excess and surplus insurance market is either too expensive and too unregulated, and therefore unreliable, or the right solution for a complicated risk at a difficult...
A Conversation with TSLA President Marshall Leicht
Feb 21 2005 // When Marshall Leicht was installed as president of the Texas Surplus Lines Association in November 2004 he reminded attendees at TSLA’s annual meeting of the many issues confronting surplus lines agents. Leicht, who...
