Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
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...
Kaufman Financial Acquires Global Excess Partners in New York
Apr 2 2013 // The H.W. Kaufman Financial Group said it has acquired Global Excess Partners, a New York City-based specialty insurance organization that offers underwriting programs on behalf of Lloyd’s and other carriers and is...
Torus Receives Approval for Lloyd’s Managing Agency
Apr 2 2013 // Global specialty insurer Torus announced it has received approval from the UK Financial Services Authority and Lloyd’s to launch its own Lloyd’s managing agency, Torus Underwriting Management Limited –...
Lloyd’s Sues N.H. Utility Company, Says Electrical Glitch Caused Fire
Mar 29 2013 // The insurer for a business at New Hampshire’s Hampton Beach has sued a utility, saying a February 2010 fire that destroyed a block of businesses was sparked by an electrical glitch. The suit says before the fire, an...
Lloyd’s Bounces Back from 2011 Loss: Posts $4.517 Billion 2012 Profit
Mar 28 2013 // Lloyd’s announced an overall profit of $4.517 billion for 2012, making the $800 million loss in 2011, the costliest year on record for natural catastrophes, a fading memory. Controlled growth in 2012 saw gross...
P/C Mergers Down in 2012 But Private Equity Still Favored Brokers: Conning
Mar 28 2013 // Amounting to just $4.7 billion in aggregate deal value, the 46 merger and acquisition transactions announced in the property/casualty insurance sector in 2012 were near record low levels, according to the latest annual...
2012 Insurance M&A Snapshot
Mar 25 2013 // Here is a snapshot of the property/casualty insurance industry merger and acquisition activity reported byInsurance Journal in 2012. Major carrier transactions included Nationwide’s acquisition of Harleysville, The...
Top 10 Hot New Markets
Mar 25 2013 // Insurance Journal examined industries experiencing changes and expansions during the past year. Here are the top 10 market sectors that just might deliver hot opportunities for agents and brokers in the property/casualty...
Ironshore Canada Increases Capacity for Specialty Casualty Lines
Mar 20 2013 // Ironshore Canada Ltd., a subsidiary of Ironshore International, has increased capacity to $30 million for its specialty casualty lines for 2013. Ironshore Canada Specialty Casualty division offers coverages to protect a...
Donors, Relief Organizations Meet on CCRIF’s New Excess Rainfall Product
Mar 18 2013 // The Caribbean Development Bank (CDB) and the Caribbean Catastrophe Risk Insurance Facility (CCRIF) hosted a strategic donor meeting at the offices of the CDB in Barbados on March 6, 2013 to discuss ways to support...
GJ Sullivan Co. Acquires Network E&S Insurance Brokers’ California Book
Mar 15 2013 // G.J. Sullivan Company Excess & Surplus Lines Brokers has acquired Network E&S Insurance Brokers’ book of California business. David Gorin and Sherri Gust will join GJS E&S, and will operate from...
Sirius XM Sues D&O Insurers, Seeks to Recoup Post-Merger Defense Costs
Mar 14 2013 // New York-based satellite radio services company Sirius XM Radio Inc. filed a lawsuit against two directors and officers insurers last week. Sirius XM alleges XL Specialty Insurance Co. and U.S. Specialty Insurance...
Directors and Officers Liability Market Firming: Towers Watson
Mar 14 2013 // The directors and officers liability market continued to see price increases in 2012, with more private/not-for-profit organizations reporting rate increases than public organizations but, according to a new industry...
XL Group Names Huels to Lead Surplus Lines’ GL Team in Chicago
Mar 11 2013 // XL Group plc’s surplus lines team continues to grow with the addition of Matthew Huels who joins as vice president and general liability line of business head. He is based in Chicago and reports to Roxanne Mitchell,...
