Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
California Surplus Lines: LLC Bill Thriving
May 20 2013 // Among a horde of bills wending its way through California’s Legislature, there’s an innocuous looking bill with simple language to change a few words in existing law that could have a great deal of meaning to...
Hudson Insurance Group Now Writing Excess Business in New York
May 15 2013 // Hudson Insurance Group, the U.S. Insurance Division of Odyssey Re Holdings Corp. has received approval from the Excess Line Association of New York to write excess line business in the State of New York through Hudson...
AAMGA Looks to Expand Membership
May 14 2013 // After a two year process in which the board of directors of the American Association of Managing General Agents (AAMGA) has examined the changing demographics within the wholesale insurance space, the board has voted to...
Illiniois-Based RLI Announces Leadership Promotions
May 8 2013 // Specialty insurer RLI Corp., based in Peoria, Ill., announced a number of promotions within its operations and underwriting team. Craig Kliethermes, senior vice president, risk services, has been promoted to executive vice...
Bill to Fix California Surplus Lines, LLC Contractors Law Thriving
May 7 2013 // As a horde of bills that’s introduced each year wends their way through both houses of California’s Legislature, a few people in the insurance industry are watching closely an innocuous looking bill with simple...
Risk Retention Groups Continue to Display Financial Stability: Demotech
May 7 2013 // Risk retention groups 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 financial...
RenaissanceRe Posts $190.5 Million Q1 Net Income; 36.2% Combined Ratio
May 3 2013 // Bermuda-based RenaissanceRe Holdings Ltd. reported net income available to common shareholders of $190.5 million or $4.23 per diluted common share in the first quarter of 2013, compared to $201.4 million or $3.88 per...
Endurance Reports $92.1 Million Q1 Net Income; 85% Combined Ratio
May 3 2013 // Bermuda-based Endurance Specialty Holdings Ltd. reported net income available to common shareholders of $92.1 million and $2.13 per diluted common share for the first quarter of 2013, compared to net income of $74.4...
SNL: E&S Premiums Up in 2012; Top 30 Carriers Ranked
May 2 2013 // Excess and surplus lines premiums in the U.S. were up for a second consecutive year in 2012, rising 10.8 percent to $25.44 billion, and grew at a faster rate than in 2011, according to SNL Financial. Not too long ago —...
AIG Names Johnson to Succeed Bresnahan as Lexington Insurance President
Apr 29 2013 // American International Group Inc. (AIG) has named Jeremy Johnson as president and chief executive officer of its excess and surplus (E&S) lines unit, Lexington Insurance Co. in Boston. Johnson replaces David Bresnahan,...
‘Business As Usual’ Following Departures of AIG Execs
Apr 29 2013 // American International Group (AIG) has no intention of changing its excess and surplus lines business following the departure of four of its key commercial lines executives for Berkshire Hathaway. “It’s...
Wells Fargo Insurance Launches U.S.-Based International Specialty Group
Apr 24 2013 // Wells Fargo Insurance, part of Wells Fargo & Co., is expanding its International Specialty Group by establishing three new teams solely dedicated to serving the insurance and risk management needs of U.S. multinational...
Brit Global Specialty Acquiring Maiden Holdings’ E&S Renewals, Underwriting
Apr 22 2013 // Bermuda-based Brit Insurance and Maiden Holdings, Ltd. have announced a temporary 100 percent quota share reinsurance of Maiden’s Excess and Surplus (E&S) unit, Maiden Specialty, with Brit Global Specialty. The...
Atlantic Specialty Lines Promotes Seth Johnson to Corporate COO
Apr 18 2013 // Richmond, VA, 4/18/13 – Atlantic Specialty Lines continues its evolution by promoting one of its founders, Seth Johnson, to a new and key management role. He has accepted the position of COO at the corporate level....
RSG’s Sapphire Blue, Catlin Agencies Launch Rural, Specialty Hospital Program
Apr 17 2013 // Ryan Specialty Group’s (RSG) Sapphire Blue and Lloyd’s Catlin Underwriting Agencies Ltd. have launched a new liability insurance program specifically for U.S. small rural and specialty hospitals. The program...
Best Affirms Ratings of Endurance Specialty and Subs; Outlook Stable
Apr 10 2013 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Endurance Specialty Insurance Ltd. and its affiliates, as well as the ICR...
Ex-Brazil Central Bank Governor Meirelles Joins Council of Lloyd’s
Apr 9 2013 // Lloyd’s announced the appointment of Henrique de Campos Meirelles as Nominated Member of the Council of Lloyd’s, the body responsible for the management and supervision of the Lloyd’s...
Ironshore International to Enter Japanese Market through its Lloyd’s Syndicate
Apr 8 2013 // Ironshore International, a subsidiary of Ironshore Inc., announced that its Lloyd’s Pembroke Syndicate has been authorized by the Japanese Financial Services Authority to offer Representations & Warranties...
Lloyd’s List Joins Containerisation International for Shipping Intelligence
Apr 4 2013 // Two important shipping industry publications – Lloyd’s List and Containerisation International – have come together on one website in order to provide subscribers with a “one-stop-shop for news,...
E&S Opens Field Loss Mitigation Operation in Southern California
Apr 2 2013 // E&S Inspections Inc., a newly opened firm specializing in field loss mitigation services for the insurance sector, has started operations from its Santa Clarita, Calif. headquarters. The firm provides commercial and...
