Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Everest Re Names Germano, Morelli to U.S. Specialty Casualty Posts
Aug 19 2015 // Everest Re Group, Ltd. announced two leadership appointments to its U.S. Insurance Specialty Casualty Operation. Connie Germano has been appointed leader of the U.S. Specialty Casualty Operation, responsible for the...
CCRIF Members Complete Enhanced Catastrophe Portfolios for 2015-16
Aug 13 2015 // The 16 Caribbean member governments of CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility), the co-operative association that covers risks from natural catastrophes in the region, announced that they...
XL to Acquire Entertainment Insurance Firms Allied Specialty, T.H.E Company
Aug 11 2015 // Insurer X.L. America Inc. has agreed to acquire Allied International Holdings Inc., the Florida-based holding company of Allied Specialty Insurance Inc. and T.H.E. Insurance Co., a leading insurer of the outdoor...
Update: Delta Lloyd’s $588 Million First Half Loss Raises Capital Concerns
Aug 11 2015 // Delta Lloyd NV fell the most on record after interest-rate hedging and declines in bonds spurred a first-half loss, raising concern the Dutch insurer may need to raise capital. The shares fell 20 percent to 13.17 euros at...
R-T Specialty Division Launches Retired Directors Policy with Full Binding Authority
Aug 11 2015 // R-T Specialty, LLC’s Retired Directors Assurance Underwriting Services, a division of R-T Specialty, LLC, has a new binding authority for the Retired Directors Assurance (RDA) policy, which provides contingent...
Lloyd’s Market Association Appoints Curtis as Director of Finance and Risk
Aug 4 2015 // Ken Curtis has been appointed as director of finance and risk for the London-based Lloyd’s Market Association, which represents the interests of the Lloyd’s underwriting community. He formerly was group chief...
Berkshire Hathaway Specialty Enters Marine Insurance Market in Australia & N.Z.
Aug 4 2015 // Berkshire Hathaway Specialty Enters Marine Insurance Market in Australia & N.Z Berkshire Hathaway Specialty Insurance Company (BHSI) announced that it has begun underwriting Marine Insurance in Australia and New...
American Specialty Insurance & Risk Services, Inc. Announces New Dance Studio Online Insurance Program
Aug 4 2015 // Fort Wayne, IN, August 4 2015: American Specialty is pleased to announce the roll out of its latest online insurance program for U.S. based dance schools and studios specializing in the instruction of performance and...
SJU to Honor Lloyd’s CEO Beale With Insurance Executive of the Year Award
Aug 3 2015 // Inga Beale Saint Joseph’s University’s Academy of Risk Management and Insurance in Philadelphia announced today it will present its Insurance Executive of the Year Award to Lloyd’s Chief Executive Officer...
Delta Lloyd’s CFO Resigns After Court Upholds Fine for Information Abuse
Aug 3 2015 // Delta Lloyd NV Chief Financial Officer Emiel Roozen stepped down after a court upheld a central-bank decision fining the insurer for making trades based on confidential information. Supervisory Board Chairman Jean Frijns...
Louisiana to Withdraw from Multi-State Surplus Lines Clearinghouse
Aug 3 2015 // Effective Oct. 1, Louisiana will withdraw from the Nonadmitted Insurance Multi-state Agreement (NIMA) and the NIMA-sponsored surplus lines clearinghouse, state insurance regulators announced. The state’s withdrawal...
Lloyd’s to Apply for Onshore Reinsurance License in Malaysia
Jul 30 2015 // Lloyd’s has announced that it intends to apply for an onshore reinsurance license in Malaysia. The move has been confirmed by the UK and Malaysian governments. The announcement that Lloyd’s will apply for a...
Lancashire 1st Half Profit Drops 10% Amid ‘Pricing Pressures’ at Lloyd’s
Jul 30 2015 // Lancashire Holdings Ltd. reported a 10 percent fall in first-half profit amid “pricing pressure” in the Lloyd’s of London insurance market. The company said pretax profit decreased to $88.6 million in the...
RenRe Reports Q2 Net Income of $73.2M, Operating Income of $99.9M
Jul 29 2015 // RenaissanceRe Holdings Ltd. reported net income available to common shareholders of $73.2 million, or $1.59 per diluted common share, in the second quarter of 2015, compared to $120.8 million, or $2.95, respectively, in...
ACE Names North America Management Team for New Chubb
Jul 28 2015 // ACE Limited, which announced plans to acquire Chubb for $28 billion earlier this month, has designated a post-merger leadership team for the North American Insurance operations of the combined company. The North America...
Lloyd’s Supports Natural Catastrophe Resilience Plan Across Asia
Jul 28 2015 // As he prepared to sign a Statement of Intent (SOI) between the British Government, the Monetary Authority of Singapore and Lloyd’s in Singapore, UK Prime Minister David Cameron stressed that insurance is essential to...
Compass Specialty Risk Ramos as Vice President of Transportation
Jul 27 2015 // Compass Specialty Risk Insurance Services LLC has named Desi Ramos vice president of transportation and practice leader. Ramos will spearhead the new office in Sacramento, Calif. Ramos has experience in the wholesale...
ANV Launches Miscellaneous Professional Liability Program in U.S.
Jul 27 2015 // ANV Underwriters, the international managing general underwriter (MGU) segment of global speciality insurance group ANV, has launched a new North America Miscellaneous Professional Liability (MPL) product and team. The new...
Beazley CEO Calls on Lloyd’s to Overhaul Data Systems
Jul 24 2015 // Beazley Plc CEO Andrew Horton called on Lloyd’s of London to overhaul the way it manages trade information to make the world’s oldest insurance market more efficient and globally competitive. “The...
QBE North America Adds Fry, Remy as Specialty Program Underwriting VPs
Jul 20 2015 // QBE North America announced two new underwriting vice presidents in the company’s Specialty Programs unit – Erin Fry and Bob Remy. Fry joins QBE from XL, where she was vice president and head of professional...
