Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Zurich’s Broker Relationship Leader Moves to Berkshire Hathaway Specialty
Jul 3 2013 // Berkshire Hathaway Specialty Insurance — the new commercial P/C insurance unit of Berkshire Hathaway — appointed Lori Spoon Rafkin as senior vice president, customer and broker engagement. Spoon Rafkin was...
Swiss Re, Lloyd’s Among Insurers Probed by N.Y. on Iran Sanction
Jul 1 2013 // Swiss Reinsurance Co. and Lloyd’s of London, the world’s oldest insurance market, are among insurance companies being probed by New York’s insurance regulator about their compliance with an expanded Iran...
Insurers Turned Underwriting Profit in Q1, Attained Record Surplus
Jul 1 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...
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Jul 1 2013 // Andrew Torrance has been named the new president and CEO of Novato, Calif.-based Fireman’s Fund Insurance, succeeding Lori Dickerson Fouche who left for Prudential Financial. Torrance, Fireman’s Fund’s...
Guy Carpenter Launches New Mutual Company Specialty Practice
Jun 28 2013 // Guy Carpenter & Co., LLC, a global risk and reinsurance specialist and member of Marsh & McLennan Cos. have launched Mutual Company Specialty Practice which will focus exclusively on the needs of mutual insurance...
Aon Benfield’s Analysis of the Lloyd’s Market
Jun 26 2013 // Aon Benfield Analytics’ Market Analysis team has released its latest Lloyd’s Update report, covering the market’s 2012 financial results and business position in 2013 The report highlights the following...
Best Europe Affirms Lloyd’s Syndicate 1225 Ratings; Outlook Stable
Jun 25 2013 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 1225, which is...
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...
