Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
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...
Aon UK CEO Christian Elected to Council of Lloyd’s
Dec 2 2013 // Aon plc. announced that Dominic Christian, CEO of Aon UK Ltd and Executive Chairman of International at Aon Benfield, has been elected to the Council of Lloyd’s for a three-year term beginning February 1, 2014. The...
Lexington’s Johnson on U.S. Surplus Lines
Dec 2 2013 // The surplus lines industry experienced tough times in 2012. But that hasn’t been the story for 2013, says Jeremy Johnson, president of Lexington Insurance Co., a unit of AIG. In this interview with Insurance...
Texas Surplus Lines Association Elects New Officers
Nov 19 2013 // The Texas Surplus Lines Association Inc. announced the election of new officers and directors at its annual meeting in Austin on Nov. 11. Lorrie Cheshier, vice president/branch manager at McClelland & Hine Inc. in San...
2013 State Specialist P/C Insurers Revealed
Nov 18 2013 // State Specialists are often an independent agent’s most reliable and consistent market. These companies are focused on a specific geographic area, understand it and consistently strive to serve it. The Demotech...
New Programs, Flexibility Help Contractor Segment Rebuild
Nov 18 2013 // Those that specialize in the contractors and builders segment say a lot has changed in this class since 2007. The recession forced the insurance industry to be flexible and creative when it came to insuring this class,...
Berkshire Hathaway Specialty Adds Healthcare Risk Management
Nov 13 2013 // Berkshire Hathaway Specialty Insurance is expanding its healthcare professional liability capabilities to provide customers with customized risk management support. The company will now reimburse qualified healthcare...
Aon Revises London Short Excess Liability Follow Form for Global Clients
Nov 8 2013 // Aon Risk Solutions, the global risk management business of Aon plc, has released its latest London Short Excess Liability Follow form policy (London Short #2) to provide clients with more contract certainty, clarity and...
R-T Specialty Appoints Senior VP for Property Division in New York
Nov 8 2013 // R-T Specialty, the wholesale brokerage unit of Ryan Specialty Group based in Chicago, announced the appointment of Meredith Dyson as a senior vice president for its property division. She is based in R-T Specialty’s...
Endurance Specialty Names CEO of U.S. Insurance Division
Nov 7 2013 // Endurance Specialty Holdings Ltd., a Bermuda-based specialty provider of property/casualty insurance and reinsurance, announced Douglas Worman will join the company on Nov. 11 as executive vice president and chief...
Allied Insurance Brokers Hires SVP for Ascinsure Specialty Risk Unit in Penn.
Nov 6 2013 // Ascinsure Specialty Risk recently hired Curtis Kochman as senior vice president. Within this role, Kochman will spearhead Ascinsure’s business development goals and overall operations within its Specialty Wholesale...
Integro Canada Acquires Specialty Film Broker Multimedia Risk
Nov 5 2013 // Integro (Canada) Ltd. announced its acquisition of Winnipeg-based Multimedia Risk Inc., an insurance brokerage, which specializes in serving the national and international film and television production industry from...
Atlas General Announces Tribunalization with Lloyd’s of London
Nov 4 2013 // San Diego, CA, 11/4/13 – Atlas General Insurance Services, LLC, is pleased to announce that it has formally completed the “tribunalization” process with Lloyd’s of London. This authorizes Atlas as a...
E&O Dangers for Agents
Nov 4 2013 // Specializing is one way to get ahead in today’s insurance world. But becoming an expert comes with its own share of risks. Phrases such as “expert” or “specialist” have the potential to raise...
