Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Lloyd’s Underwriters Find Success with U.S. Subsidiaries: SNL
Jul 21 2014 // Insurers Hiscox Ltd., Beazley Plc and Catlin Group Ltd. are reaping the benefits of the U.S. market, according to a report from SNL Financial. SNL data shows how the three companies with significant participation in the...
Surplus Lines Tax Sharing Solution Still Up for Debate
Jul 21 2014 // Things have changed a bit for the surplus lines industry since the Non-admitted and Reinsurance Reform Act, (NRRA) part of the Dodd-Frank Wall Street reform legislation, passed in 2010. The NRRA’s implementation has...
Fitch Forecasts Shrinking P/C Insurer Profits
Jul 17 2014 // Fitch Ratings is forecasting that 2014 will end up as the second consecutive year of underwriting profits for the property/casualty industry with modest increase in the combined ratio. But the results for 2014 won’t...
Getting a Grip on Ridesharing Coverage
Jul 17 2014 // Ridesharing services are becoming increasingly popular among consumers looking for a more convenient alternative to taxis or other forms of public transportation, and new ridesharing companies have been cropping up...
Lloyd’s Comments on its World Cup Predictions; Saw Germany as Winner
Jul 15 2014 // A bulletin on the Lloyd’s website asks “how did our insurable value measures fare as predictors of success on the pitch,” following the conclusion of the World Cup in Brazil? Lloyd’s said its...
Allied World Adds Excess D&O to Product Offerings in Canada
Jul 11 2014 // Swiss-based Allied World Assurance Company Holdings, AG announced that it has added Excess D&O coverage to its existing management liability product suite in the Canadian market. The announcement said the “Excess...
Non-Covered Claims May Exhaust Primary Limits, Trigger Umbrella
Jul 10 2014 // A recent ruling from the Fifth Circuit Court of Appeals in Louisiana clarified that an umbrella policy may be triggered even when the underlying insurance is exhausted by claims that would not be covered by the umbrella...
New Specialty Insurance Group to Target Sports, Entertainment Markets
Jul 10 2014 // Specialty Insurance Group (SIG) has been launched by three specialty and risk insurance veterans, Greg Mosher, David Harris and Lowery Robinson, to provide custom programs for the needs of the sports, leisure and...
New Specialty Insurer SIG Targets Sports, Entertainment Risks
Jul 10 2014 // Three specialty and risk insurance veterans have launched Specialty Insurance Group (SIG) to provide custom programs for the sports, leisure and entertainment markets. The new Indianapolis-based firm is a member company of...
Atlantic Specialty Lines Opens New Louisiana Office with Danny Gendusa to Lead Initiative
Jul 10 2014 // Hammond, LA, 7/10/14– Atlantic Specialty Lines (ASL), a wholesale broker and specialty lines MGA offering a variety of property, casualty, auto, professional, and personal lines coverages, continues its expansion by...
IFG Companies Hires President of Excess and Umbrella Business in N.Y.
Jul 9 2014 // IFG Companies hired Michael G. Vought as president of Excess and Umbrella. He will be based in IFG’s New York City office and will be responsible for building and leading IFG’s Excess and Umbrella business...
Chicken Producer, London Insurers Battle Over ‘Recall’ Definition
Jul 9 2014 // Foster Farms and its London insurers are facing off over the definition of “product recall” as the poultry producer seeks payment of $14.2 million in claims arising from a government-mandated shutdown of one of...
Hiscox London Market Names Zelenoy to Build Lloyd’s Business in Brazil
Jul 8 2014 // Hiscox London Market announced plans to build its “on-the-ground presence in Brazil” with the appointment of Simon Zelenoy to develop its London Market business in Brazil. Hiscox said he “will be...
Lloyd’s Underwriters Find Success with U.S. Subsidiaries: SNL
Jul 7 2014 // Insurers Hiscox Ltd., Beazley Plc and Catlin Group Ltd. are reaping the benefits of the U.S. market, according to a report from SNL Financial. SNL data shows how the three companies with significant participation in the...
Getting a Grip on Ridesharing Coverage
Jul 7 2014 // Ridesharing services are becoming increasingly popular among consumers looking for a more convenient alternative to taxis or other forms of public transportation, and startup ridesharing companies have been cropping up...
NYRR Received $15M for Cancelled Marathon: Report
Jul 7 2014 // The New York Road Runners (NYRR), a nonprofit group that organizes the annual New York City Marathon, received $15 million in an insurance payout from its insurers, Lloyd’s of London and its syndicates, for the...
Mass. Bill Would Add Liability Coverage to FAIR Plan’s Non-Owner Occupied Dwelling Policy
Jul 1 2014 // The Massachusetts Association of Insurance Agents (MAIA) is pushing a bill, S-465, that would require the Massachusetts Property Insurance Underwriting Association (MPIUA), also known as the Massachusetts FAIR Plan, to...
Philadelphia Launches Commercial Excess Flood Coverage
Jun 26 2014 // Philadelphia Insurance Cos. (PHLY) is now offering commercial excess flood coverage to complement its commercial primary flood product. PHLY’s new excess coverage competitively priced and available at limits higher...
Report: NYRR Received $15M for Cancelled NYC Marathon in 2012
Jun 24 2014 // The New York Road Runners (NYRR), a nonprofit group that organizes the annual New York City Marathon, received $15 million in insurance proceeds from Lloyd’s of London for the cancelled New York City marathon in...
Validus to Buy Western World Insurance for $690M
Jun 23 2014 // Validus Holdings said it has agreed to acquire specialty insurer Western World Insurance Group for $690 million in a deal that leaves the management team and brand of the specialty insurer intact. Under the deal terms,...
