Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Chu Takes Over Helm at Pacific Specialty As Cohen Departs
Mar 31 2014 // Pacific Specialty Insurance Co. has elected John Chu as president and chief executive officer, the company announced Friday. Chu continues to serve as chairman of the Menlo Park, Calif.-based property/casualty insurer, a...
Allied World Approved to Launch New Managing Agency at Lloyd’s
Mar 31 2014 // Allied World Assurance Company Holdings, AG announced that it has received approval from Lloyd’s, the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) to establish its own Lloyd’s...
Berkshire Hathaway Specialty Exec on Acquisitions, Expansion Plans
Mar 31 2014 // Berkshire Hathaway Specialty Insurance (BHSI), part of Omaha, Nebraska-based conglomerate holding company Berkshire Hathaway, has its eyes on overseas expansion, according to BHSI’s top executive. BHSI’s...
Lloyd’s ‘Stands Ready’ to Pay Claims from Malaysian Airlines Flight 370
Mar 28 2014 // Lloyd’s of London, the world’s oldest insurance market, has said it stands ready to pay out claims arising from the presumed loss of Malaysian Airlines Flight 370, even as searchers continue to scour the Indian...
JPMorgan Snub, Lloyd’s Insurance Threat Spurred Change at SAE Fraternity
Mar 27 2014 // Early this month, JPMorgan Chase & Co. stopped managing an investment account for a prominent client: the charitable foundation of Sigma Alpha Epsilon, one of the nation’s largest fraternities. The bank was...
International Excess Program Managers Adds Bren as VP, Transportation
Mar 26 2014 // International Excess Program Managers, based in Cleveland, Ohio, added Rich Bren to its executive team as vice president of transportation. Bren has more than 25 years of experience in the transportation and insurance...
Lloyd’s Profits for 2013 Near $5.3 Billion
Mar 26 2014 // Lloyd’s announced a profit of £3.2 billion [$5.2894 billion] for 2013, compared to a profit of £2.8 billion [$4.628 billion] in 2012. Gross written premium income increased to £26.1 billion [$43.14 billion]....
Best Affirms Markel and Affiliates Ratings; Outlooks Stable
Mar 25 2014 // A.M. Best has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of the members of the Markel North America Insurance Group, as well as the FSR...
Best Affirms Markel Int’l., Lloyd’s Syndicate 3000 Ratings
Mar 24 2014 // A.M. Best has affirmed the financial strength ratings of ‘A’ (Excellent) and issuer credit ratings of “a+” of UK-based Markel International Insurance Company Limited (MIICL) and Lloyd’s...
Top 10 HOT Markets to Watch
Mar 24 2014 // Insurance Journal examined industries experiencing changes and expansions in the past year. Here are the top 10 market sectors that just might deliver hot opportunities for agents and brokers in the property/casualty...
Endurance Insurance Enhances Network Security, Privacy Coverage
Mar 20 2014 // Endurance Specialty Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, has enhanced its Endurance Premier Professional product with Endurance Breach Assist, a network...
Act ‘Quickly and Appropriately’ to Protect Brands: Lloyd’s/Airmic Advise
Mar 19 2014 // Companies should be aware of how best to protect their brands after an incident. “The key to remaining resilient and keeping brands and reputations intact is responding quickly and appropriately,” Lloyd’s...
Texas Insurance Regulators Invite Input on Surplus Lines Rules
Mar 18 2014 // Texas regulators are seeking comments on new rules related to surplus lines insurance. The Texas Department of Insurance is considering rules to implement Senate Bill (SB) 697 and 951, and House Bill (HB) 1405 (83rd Texas...
XL, American Specialty Insurance & Risk Partner for Sports, Entertainment Programs
Mar 12 2014 // XL Group’s North America Programs business and American Specialty Insurance & Risk Services, Inc., have formed a joint underwriting agreement to offer insurance programs for sports and entertainment...
Carriers Committed to D&O Segment
Mar 10 2014 // Several turbulent years of increased claims, more regulation and additional oversight of directors and officers have not deterred carriers from the directors and officers (D&O) liability segment. As more carriers beef...
Effort to Put House in Order Paying Off: Meadowbrook Insurance CEO
Mar 10 2014 // Meadowbrook Insurance Group, based in Southfield, Mich., has struggled with many challenges during the past couple of years but the “strong remedial measures” implemented to correct unacceptable results are...
Marketform Secures Baltic Region Coverholder – a First for Lloyd’s MGA’s
Mar 6 2014 // Specialist Lloyd’s underwriter Marketform announced that it is the first Lloyd’s Managing Agency to secure a coverholder in Lithuania, one of the fast-emerging countries in the Baltic region. “Initially...
Berkshire Hathaway Specialty Insurance Launches Healthcare Umbrella Policy
Mar 4 2014 // Berkshire Hathaway Specialty Insurance (BHSI) has introduced a healthcare umbrella policy designed to address the exposures of large medical providers in the ever-changing healthcare environment. Reflecting the...
Effort to Put House in Order Paying Off: Meadowbrook Insurance CEO
Feb 26 2014 // Meadowbrook Insurance Group, based in Southfield, Mich., has struggled with many challenges during the past couple of years but the “strong remedial measures” implemented to correct unacceptable results are...
Best Upgrades American Financial Group and Affiliates Ratings
Feb 26 2014 // A.M. Best has upgraded the issuer credit rating (ICR) to “a-” from “bbb+” and the debt ratings of American Financial Group, Inc. (AFG). Best has also upgraded the financial strength rating (FSR) to...
