Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Changing MGA Market, Specialization and the Future: Hanover Excess & Surplus’s Letson
May 19 2014 // Matthew Letson, incoming president of the American Association of Managing General Agents (AAMGA), found the insurance industry like most do – by accident. After college, he landed a job at Markel doing marketing...
With Kentucky Law, Lloyd’s to Be Surplus Lines Eligible in All 50 States
May 14 2014 // Lloyd’s of London underwriters will have surplus lines eligibility in Kentucky when new legislation there goes into effect in July, meaning they will have surplus lines eligibility in all 50 states. It also means...
Atlantic Specialty Lines Puts Lee Branson Back at the Helm to Lead the Personal Lines Team
May 14 2014 // Richmond, VA, 5/14/14 – As Atlantic Specialty Lines continues to adapt to the landscape of an industry that is constantly evolving, they have decided to move Lee Branson, Senior Vice President of the MW branch, back...
Lloyd’s Report Says Climate Change Should Be a Constant Consideration
May 8 2014 // “Climate change is real and we need to factor it into all future catastrophe modelling” – that’s the conclusion of a new report published today by Lloyd’s. The report: ‘Catastrophe Modelling...
Catalina Holdings’ Glacier Re to Handle Delta Lloyd’s Legacy Marine Liabilities
May 8 2014 // Catalina Holdings (Bermuda) Ltd. has announced that it has signed a definitive agreement with Delta Lloyd Group under which a portfolio of marine insurance liabilities in run-off will be reinsured by Catalina’s...
Best Affirms Endurance Specialty and Subs Ratings; Outlooks Stable
May 7 2014 // A.M. Best has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Bermuda-based Endurance Specialty Insurance Ltd. and its affiliates, as well...
ACE Expands Global D&O Coverage Through Lloyd’s Syndicate
May 1 2014 // ACE Group has launched ACE 2488 Global D&O, an enhanced global directors & officers (D&O) liability insurance proposition for multinational organizations. Adding Lloyd’s coverage through ACE Syndicate...
Best Affirms State Automobile Mutual and Operating Subs Ratings
May 1 2014 // A.M. Best has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a” of State Automobile Mutual Insurance Company and its operating...
Florida House Nixes Shifting Citizens Policies to Surplus Lines
Apr 30 2014 // The Florida House has rejected a proposal that could shift homeowners away from the state-backed Citizens Property Insurance and into private surplus lines insurers. The Florida Senate last week narrowly voted for a...
QBE North America Launches Management Liability & Professional Lines Coverages
Apr 30 2014 // QBE North America’s continues its expansion into the management liability & professional lines arena with the launch of three new products for public and private commercial companies and financial institutions...
Capacity Coverage Affiliate Invests in Tri-Partners Field Claims Services in N.J.
Apr 28 2014 // Capacity Coverage Company of New Jersey Inc. announced that its affiliate company has made a strategic investment in Tri-Partners Field Claims Services in Warren, N.J. Tri-Partners Field Claims Services was previously...
Surplus Lines Insurers Could Pick Up Citizens Policies Under Senate Bill
Apr 28 2014 // Homeowners seeking coverage from Citizens Property Insurance could wind up getting policies from out-of-state insurers that are exempt from many of the state regulations other insurers must honor. The Florida Senate on...
Endurance Appoints Housley as Global Property Insurance Leader
Apr 22 2014 // Bermuda-based Endurance Specialty Holdings has announced that Richard Housley has joined the company this week as Executive Vice President and Global Practice Leader for Property Insurance. He has extensive experience in...
2013 P/C Insurers’ Results Show Net Gain on Underwriting– First Since 2007
Apr 21 2014 // U.S. property/casualty insurers’ net income after taxes grew to $63.8 billion in 2013 from $35.1 billion in 2012, with insurers’ overall profitability as measured by their rate of return on average...
Lloyd’s Focuses on Brokers, MGA’s, Capital in New Details for ‘Vision 2025’ Plan
Apr 21 2014 // Lloyd’s has published a more detailed strategy for 2014-2016, setting out how it will work towards achieving its goals, embodied in its “Vision 2025” Plan, which details “how the Corporation will...
Rescission Decision Averts $43M in Damages in California Case
Apr 16 2014 // Attorneys representing Liberty Mutual Insurance Co. averting what could have been a $43 million payout in damages this week characterized the California court case a cautionary tale for insurers. The case is Heide Kurtz v....
RPX Launches Non-Practicing Entity Patent Litigation Insurance with Lloyd’s
Apr 16 2014 // RPX Corp., a provider of patent risk management products, has launched a new insurance service for businesses facing patent infringement litigation with non-practicing entities (NPEs). As a coverholder at Lloyd’s,...
Ironshore Specialty Adds Product Recall to Crisis Management Coverage
Apr 15 2014 // Ironshore Specialty Casualty, the specialty insurance unit of Ironshore Inc., has expanded its crisis management coverage to include a product recall enhancement for product manufacturers. Ironshore’s “Crisis...
Specialty Insurance Managers Launches High Value Homeowners Program
Apr 14 2014 // Specialty Insurance Managers Inc., a managing general agent based in Austin, Texas, has begun offering a new high value homeowners insurance program in Texas, New Mexico, Arkansas, Oklahoma, Missouri and Kansas, with plans...
Mississippi County, Atlantic Specialty in Claim Dispute on Burned Courthouse
Apr 13 2014 // A dispute over how much an insurance company owes Webster County for its burned courthouse has moved into federal court. The Webster County Board of Supervisors and Atlantic Specialty Insurance Co. have sued each other,...
