Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Missouri-Based Safety National Casualty Realigns Management Team
Jan 14 2014 // Safety National Casualty Corp., based in St. Louis, Mo., has announced management changes and realignment of responsibilities that are scheduled to take effect on March 1, 2014. Chief Executive Officer Mark Wilhelm will...
Pioneer Programs Adds Excess Liability to Contractors’ Choice Program
Jan 13 2014 // Pioneer Programs Insurance Solutions has expanded its specialty program, Contractor’s Choice, to now include excess liability. According to Carole Fleischman, managing director of Pioneer Programs, it can now offer...
Berkshire Hathaway Specialty Adds Primary Casualty Construction Capabilities
Jan 9 2014 // Berkshire Hathaway Specialty Insurance (BHSI) is expanding its construction casualty capabilities to include primary casualty insurance. The company now offers primary general liability, excess and umbrella coverage for...
AXA ART, Trident Insurance Partner to Offer Specialty Fine Art Coverages
Jan 9 2014 // Fine art insurance specialist AXA Art Americas Corporation (AXA ART) has formed a strategic business partnership with Trident Insurance Services, LLC, a member of Argo Group International Holdings, Ltd., an international...
Texas Brine: Arch Specialty Insurance Should Pay Sinkhole Claims Costs
Jan 9 2014 // Texas Brine Co., the company blamed for the Bayou Corne-area sinkhole, has filed a formal complaint with the Louisiana Department of Insurance. The company alleges one of its insurers is not paying up as its policy...
Loving, Paul, Vickers Appointed to Texas Surplus Lines Board
Jan 8 2014 // Texas Commissioner of Insurance Julia Rathgeber has appointed Randle Loving, Paul Rainey and Cynthia Vickers to the board of directors of the Surplus Lines Stamping Office of Texas for terms to expire Dec. 31, 2016. Loving...
Lloyd’s Underwriters Warn of Rising Danger from Cyber Terrorism
Jan 3 2014 // An article on the Lloyd’s website notes that “industrial facilities from nuclear plants to dams are increasingly coming under attack from cyber terrorists bent on causing physical damage and disruption from...
E&S Industry Should Expect ‘Persistent Competition’ in 2014: Fitch
Dec 30 2013 // Growing capacity will limit rate hikes and promote persistent competition in the excess and surplus (E&S) lines market, Fitch Ratings said in a recent report. The U.S. E&S market, which reversed a four-year...
Ironshore Increases Capacity for Select U.S. Specialty Lines
Dec 24 2013 // Ironshore Inc. will be providing coverage of up to $50 million for selected U.S. casualty lines, as of January 1, 2014. Increased capacity, up from the current limits of $25 million, will be available in the U.S. for...
P/C Insurers Boost Bottom Line on Big Gain in Underwriting Through 9 Months
Dec 23 2013 // Private U.S. property/casualty insurers’ net income after taxes rose to $43 billion in nine-months 2013 from $27.8 billion in nine-months 2012, with insurers’ overall profitability as measured by their...
Surplus of Capital Continues to Temper Property Rates: Marsh
Dec 19 2013 // The surplus of capital among insurers and reinsurers continued to have an overall softening effect in the U.S. property insurance market through the third quarter of 2013, Marsh said in a report. For the first nine months...
LeBreton Joins Specialty Risk Associates in Louisiana
Dec 19 2013 // Shreveport, La.-based Specialty Risk Associates Inc. announced that Sue LeBreton joined the firm as a commercial lines underwriter. Prior to joining Specialty Risk Associates, LeBreton worked for nine years as a senior...
Torus Receives Lloyd’s Approval to Expand Syndicate 1301
Dec 17 2013 // Global specialty insurer Torus announced from its office in London that its Syndicate 1301 business plan for 2014 has been approved by Lloyd’s. “The plan increases the syndicate’s capacity to £180...
Lloyd’s Names Inga Beale as CEO; First Woman to Hold Post
Dec 16 2013 // Lloyd’s has announced the appointment of Inga Beale as its new CEO. She will take over on the first of January, when current CEO Richard Ward steps down at the end of December, and will be the first woman to serve as...
How Insurance Industry Associations Help Those in Need
Dec 16 2013 // Big “I” member agents, along with former Washington Redskins quarterback Joe Theismann, at a Make-A-Wish event on April 21, 2013, at Pfitzner Stadium in Woodbridge, Va., to benefit local children. Big...
Keefe, Bruyette & Woods Forecasts ‘Soft Insurance Rate Landing’
Dec 12 2013 // U.S. property/casualty insurers’ and brokers’ operating earnings are expected to modestly improve in 2014, and the overall insurance rate increases will “probably moderate into 2015,” said...
Excess Insurance and Equitable Subrogation: Oklahoma Clarifies Equitable Subrogation Rule
Dec 12 2013 // Most jurisdictions have held that an insurance company with the primary policy owes a duty of good faith and fair dealing to the insurance company with the excess policy requiring a settlement of claims within the primary...
Goodearl Joins XL from Liberty Mutual for Lloyd’s Business
Dec 11 2013 // The XL Group has appointed Lewis Goodearl as Chief Underwriting Officer UK P&C for its Lloyd’s business. He joins XL from Liberty Mutual Insurance where he was Vice President and Wholesale Manager, responsible...
Ironshore Personal Lines Unit to Offer Excess Flood Coverage
Dec 4 2013 // Ironshore’s Personal Lines unit is expanding flood insurance coverage for high net worth homeowner clients. The excess flood insurance is an endorsement available on homeowners policies underwritten by Ironshore...
R-T Specialty Completes Merger with Wholesale Broker Westrope
Dec 2 2013 // Chicago-based national wholesale insurance broker R-T Specialty said it has completed its merger with another wholesale broker Westrope, based in Kansas City, Missouri. The deal was first announced Nov. 1. Terms were not...
