Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
P/C Insurers Turned Profit on Underwriting in Q1, Attained Record Surplus
Jun 24 2013 // First quarter results for U.S. property/casualty insurers show they made a profit on underwriting for the first time since late 2009. Private U.S. property/casualty insurers’ net income after taxes rose to $14.4...
Relationships, Expertise Drive Success in Texas E&S Marketplace
Jun 21 2013 // During the past 20 to 30 years typical business dealings between wholesale insurance brokers and retail agents have evolved from being purely transactional experiences to those that are highly dependent upon relationships...
CNA’s Fortin Latest Industry Exec to Join Berkshire Hathaway Specialty Insurance
Jun 20 2013 // Berkshire Hathaway Specialty Insurance officially announced the appointment of Dan Fortin as senior vice president, executive and professional lines. Fortin was previously senior vice president of CNA Specialty. Berkshire...
Survey: Specialty Carriers Look to Grow Through Program Business in 2013
Jun 20 2013 // Guy Carpenter & Co., LLC, a global risk and reinsurance specialist and member of Marsh & McLennan Cos., has released the findings of its eighth annual Specialty Insurance Program Issuing Carrier Survey. The survey,...
Texas Windstorm Insurance Group Expects Surplus
Jun 19 2013 // The nonprofit, state-supervised property insurance agency for coastal Texas counties is expected to shore up its finances by the end of the year, the group told a state House panel on June 17. Pete Gise, who handles the...
Freedom Specialty Launches Lease Protection for Property Owners, Managers
Jun 17 2013 // Freedom Specialty Insurance Co. has launched the Freedom Lease Protection Plan policy, which is designed to indemnify multifamily property owners and managers (POMs) against collection losses from tenant defaults. POMs can...
Solar Storm Threats Pose Emerging Risk for Industry: Lloyd’s
Jun 17 2013 // A large solar storm could leave tens of millions of people in North America without electrical power for several months, if not years, potentially costing trillions of dollars. That’s according to Lloyd’s...
Berkshire Hathaway Specialty Insurance Now Open for Business
Jun 14 2013 // Berkshire Hathaway’s Berkshire Hathaway Specialty Insurance, its recently formed commercial property casualty insurance group, has commenced operations, underwriting property, casualty, professional and executive...
Ryan Specialty Group’s ThinkRisk Announces New Hires in Northeast
Jun 13 2013 // Ryan Specialty Group’s ThinkRisk Underwriting Agency announced three new hires in its Northeast offices: Jonathan Koppel, Katie Duff and Nicole Simmons. Koppel joins ThinkRisk as a senior underwriter. He is based in...
Engelen Joins Mitsui Sumitomo at Lloyd’s for Marine Liability Growth
Jun 13 2013 // Mitsui Sumitomo at Lloyd’s has affirmed its commitment to grow its Marine Liability business with the appointment of Simon Engelen as Class Underwriter. Engelen will join Mitsui Sumitomo at Lloyd’s later this...
Best Affirms RenaissanceRe; Top Layer Re Ratings; Outlooks Stable
Jun 13 2013 // RenRe and Affiliates A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Renaissance Reinsurance Ltd. (RenRe) and...
ProSight Specialty Launches “Pay as you Build” Builders Reporting Policy
Jun 6 2013 // ProSight Specialty Insurance, a global insurance group in the construction industry, has launched a new product that will provide residential and commercial contractors with additional cash flow through a “payas you...
Near National P/C Carriers Identified for 2013
Jun 3 2013 // The original criteria and objective definition for the Near Nationals was established in the Feb. 12, 2007, issue of Insurance Journal. The Demotech Company Classification System categorizes insurers into one of 11...
Liberty International Underwriters Names Clauson SVP of Excess Casualty
May 29 2013 // Liberty International Underwriters (LIU), part of the Global Specialty division of Liberty Mutual Insurance, has appointed Peter A. Clauson as senior vice president of LIU Excess Casualty and Umbrella in the U.S. and Latin...
Chubb Subsidiary Approved as N.J. Domestic Surplus Lines Insurer
May 28 2013 // The Chubb Group of Insurance Companies said on May 23 it received approval from the New Jersey Department of Banking & Insurance to convert one of its subsidiaries, Chubb Custom Insurance Company, into a domestic...
S&P Applies Revised Insurance Criteria to 22 Reinsurers and Subs
May 24 2013 // Standard & Poor’s Ratings Services announced that it has reviewed its ratings on 22 large global reinsurance groups by applying its new ratings criteria for insurers, which were published on May 7, 2013. (See...
Lloyd’s Report Highlights Solar Storm Threat as Emerging Risk
May 23 2013 // “A large solar storm could leave tens of millions of people in North America without electrical power for several months, if not years, potentially costing trillions of dollars,” according to Lloyd’s...
U.S. Spending on Specialty Medications Will Rise 67%: Report
May 22 2013 // Spending in the U.S. on specialty drugs used to treat serious diseases is projected to increase 67 percent by the end of 2015, according to a forecast by pharmacy benefit management firm Express Scripts. Specialty...
Gene Eisenmann, Excess and Surplus Lines Industry Leader, Passes
May 21 2013 // Gene Eisenmann, a leader in the excess and surplus lines industry in Texas and nationally, has passed away after a long battle with a host of illnesses, his family by his side. A giant of E&S lines, Eisenmann built...
Risk Retention Groups Show Strong Financial Stability: Demotech
May 20 2013 // Risk retention groups (RRGs) continue to display strong and stable results, according to a recent analysis of year-end 2012 financial information. Demotech Inc., a financial analysis firm specializing in evaluating the...
