Latest Excess Surplus Headlines

All the headlines from our Excess Surplus Topic Page, ordered by recency.

Surplus Line Carriers

Sep 20 2004 // First Responders Once upon a time, the excess and surplus line market was the safety valve of the insurance industry—the more lightly regulated, more financially shaky little brother to the admitted market. It was said...

Lexington CEO Talks Shop:

Sep 20 2004 // Kelley Touts Innovation as Core Competitive Advantage Lexington Insurance Co., the excess and surplus line subisidiary of the American International Group, has been the leader in the domestic E&S market for decades...

Growth Determines Retail, Wholesale Broker’s Value

Sep 20 2004 // Sustaining Progress in a Changing Rate Environment The wind has been at the back of insurance agents and brokers for the past several years and has resulted in smooth sailing. Organic growth rates have been in double...

Producers Caught in Multistate Surplus Lines Web

Sep 20 2004 // Surplus line producers have benefited greatly from the Gramm-Leach-Bliley Act. Since the act’s passage in 1999, most states have amended their laws to allow for nonresident licenses for surplus line producers. These...

Conferees Elated Jeanne Will Miss NAPSLO Convention

Sep 19 2004 // Convention sponsors and conferees arriving in Orlando for the annual NAPSLO National Convention breathed a sigh of relief Sunday as Hurricane Jeanne was downgraded and would not be a threat to the Bahamas or Florida. On...

Best Affirms Lloyd’s Syndicate 382 ‘A’ Rating

Sep 17 2004 // A.M. Best Co. announced that it has affirmed its Syndicate Rating of “A” (Excellent) and the issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 382, which is managed by the U.K.’s...

Cunningham Lindsey U.S. Names Devall Director of E&S

Sep 13 2004 // Cunningham Lindsey U.S. Inc. (CLUS), based in Dallas, announced the promotion of Jim Devall to director of E&S. Devall, with more than 20 years claims experience, began his specialization in the surplus lines market...

Best Affirms Ratings of Markel’s Lloyd’s Syndicate

Sep 9 2004 // A.M. Best Co. announced that it has affirmed its Syndicate Rating of “A” (Excellent) of Lloyd’s Syndicate 3000, which is managed by Markel Syndicate Management Ltd. Best also affirmed the...

AAMGA University Aims Fundamentals Class at Newbies

Sep 6 2004 // Something different was definitely in the air at a seminar put on by the American Association of Managing General Agents (AAMGA) last June. As the group of MGAs and wholesale brokers settled in for the introductory dinner...

A World of Opportunity Exists Under the Umbrella Market

Sep 6 2004 // While it’s hard to find many positives about today’s increasingly litigious environment, it has helped fuel the need for both personal and commercial umbrellas. “We’re seeing an increased demand for...

Lloyd’s Creates Action Team to Monitor LMP Slips

Sep 2 2004 // Lloyd’s announced that it has set up a special team of LMP (London Market Principles) slip auditors. “The team will work with businesses across the market to help them meet the 95 percent compliance target by...

Monarch E&S Opens Branch Office in Rancho Mirage

Sep 1 2004 // Debbie Messina, branch manager of Monarch E&S Insurance Services, recently opened a new office in Rancho Mirage, Calif. Messina has 26 years insurance experience and previously served as vice president for another...

Best Assigns Ratings to Lloyd’s Syndicate 1084

Aug 27 2004 // A.M. Best Co. announced that it has assigned its Syndicate Rating of “A” (Excellent) to Lloyd’s Syndicate 1084, managed by Chaucer Syndicates Ltd., and an issuer credit rating (ICR) of...

N.Y. Surplus Lines Industry in Uphill Battle over Premium Financing

Aug 23 2004 // New York’s surplus lines industry is trying to convince the Pataki administration to allow a change in the premium financing of surplus lines accounts, a change that lawmakers have approved overwhelmingly, but the...

Producers Caught in Multistate Surplus Lines Web

Aug 23 2004 // A solution that is both simple and fair is the creation of an interstate compact like the one under review by NAPSLO’s legislative committee. Surplus line producers have benefited greatly from the Gramm-Leach-Bliley...

Freeburg Joins Noodle Specialty Brokers, Will Underwrite D&O and EPLI

Aug 19 2004 // Chicago-based online wholesaler Noodle Specialty Brokers (NSB) announced that Jonathan Freeburg, 44, has joined the company as a senior underwriter focusing on private company directors’ and officers’ liability...

Pecoraro Sentenced in La. for Fraud Conspiracy

Aug 19 2004 // A man who was on the lam for 11 years from Louisiana’s 1990s insurance scandals was sentenced on Aug. 18, 2004 to less than two years in prison, the Associated Press reported. Nofio Pecoraro Jr., 54, pleaded guilty...

Aspen Specialty to Open Ga., Ariz. Offices

Aug 18 2004 // Aspen Insurance Holdings Ltd. announced that Aspen Specialty Insurance Company, a wholly owned subsidiary, will open offices in Atlanta, Georgia and Scottsdale, Arizona. Janet Lovell and Glen Plagmann will lead...

Monarch E&S Announces New Appointments

Aug 18 2004 // Derek Borisoff, CEO and president of Monarch E&S Insurance Services has announced that Lance Amick has been hired as the branch manager/senior underwriter of the San Diego branch office. Amick’s responsibilities...

Lloyd’s Opens West Coast Office in L.A.

Aug 17 2004 // Lloyd’s announced it is opening a West Coast office based in Los Angeles, whose principal goal will be to enhance the Lloyd’s trading platform in four Western States: California, Oregon, Washington and...