Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Berkley Technology to Cover U.S. Tech Business through Lloyd’s
Nov 6 2012 // Berkley Technology Underwriters, LLC, a Minneapolis-based global technology underwriter and part of the W.R. Berkley Group, announced that it has “been accredited as a Coverholder on behalf of Lloyd’s of...
Surplus Lines: Regulators Vetting of Alien Nonadmitted Insurers
Nov 5 2012 // The National Association of Insurance Commissioners (NAIC) acts as the trade association for state insurance commissioners. The Nonadmitted and Reinsurance Reform Act of 2010 (NRRA) delegated to the NAIC responsibility for...
Marsh: Excess Casualty Rates Continue to Rise
Nov 5 2012 // Excess casualty insurance rates continued to rise in the third quarter of 2012, as insurers sought higher prices amid increasing claims and litigation trends, and a low interest rate environment, insurance broker Marsh...
Marsh: Excess Casualty Rates Continue to Rise
Nov 5 2012 // Excess casualty insurance rates continued to rise in the third quarter of 2012, as insurers sought higher prices amid increasing claims and litigation trends, and a low interest rate environment, insurance broker Marsh...
Haste Named Lloyd’s Deputy Chairman
Nov 1 2012 // Lloyd’s has appointed Andy Haste as senior independent deputy chairman on the Council of Lloyd’s. Haste, whose three-year term starts on Nov.1, has more than 30 years of international financial services...
ANV Settles in as Lloyd’s MGA, as Capacity and Syndicates Grow
Oct 25 2012 // There are now 78 operating syndicates at Lloyd’s; 88, including Special Purpose and RITC syndicates. Although no new ones have so far joined Lloyd’s this year; three syndicates have transferred ownership:...
California Commissioner Considering ‘Force-placed’ Regulations
Oct 24 2012 // A meeting slated for Thursday called for by California Insurance Commissioner Dave Jones to deal with “force-placed” insurance has cast the dye for debate on whether such insurance should be filed in the...
Argo International’s Lloyd’s Syndicate Adds Casualty Treaty Reinsurance Class
Oct 24 2012 // Argo Group International Holdings, Ltd., an international underwriter of specialty insurance and reinsurance products, will expand its offerings in the international casualty marketplace to include treaty reinsurance...
IPMG Names Dowty Specialty Lines Practice Leader
Oct 24 2012 // Insurance wholesaler Insurance Program Managers Group (IPMG), based in St. Charles, Ill., has added Terry Dowty as specialty lines practice leader. Dowty has more than 25 years of expertise in all areas of insurance. He...
Florida’s Citizens Puts Brakes on Surplus Note Program
Oct 22 2012 // By Michael Adams Florida’s state-backed property insurer has put the brakes on its plan to loan private insurers up to $350 million in surplus while it addresses a growing wave of criticism from lawmakers, elected...
Business Moves – Southeast
Oct 22 2012 // TWFG Texas-based The Woodlands Financial Group (TWFG) announced a substantial expansion of its network, adding new branches in multiple states, from California to Virginia. Many of the new branch managers are former...
Business Moves – Midwest
Oct 22 2012 // MJ Insurance, Mead & Company Property/casualty and employee benefits agency, MJ Insurance, has acquired Indianapolis-based Mead & Company. Mead & Company is a multi-generational family business operated by the...
Business Moves – East
Oct 22 2012 // Bollinger, The Morville Agency Short Hills, N.J.-based insurance brokerage Bollinger Inc. has acquired The Morville Agency of Newton, N.J. The Morville Agency specializes in insuring New Jersey public entities. The...
Philadelphia Insurance Names Bayer as Senior VP of E&S, Promotes Angelo in Southeast
Oct 18 2012 // Specialty property casualty insurer Philadelphia Insurance Companies has named Scott Bayer as senior vice president of Excess and Surplus Lines and promoted Tony Angelo to regional vice president for the Southeast. In his...
High Risks Seeing Double-Digit Hikes in Excess Casualty Rates: Marsh
Oct 17 2012 // Excess casualty insurance rates continued to rise in the third quarter of 2012, as insurers sought higher prices amid increasing claims and litigation trends, and a low interest rate environment, insurance broker Marsh...
Chairman Nelson Talks About the Future of Lloyd’s
Oct 16 2012 // Lloyd’s of London Chairman John Nelson knew when he acceded to his post one year ago that his predecessor, Lord Peter Levene, would be a hard act to follow. Levene served for nine years and oversaw significant...
ACE USA’s Excess Casualty Unit Expands Catastrophe Management Coverage
Oct 15 2012 // ACE USA, the U.S.-based retail operations of the ACE Group, has expanded its catastrophe management insurance products with the introduction of the ACE Cat Management 2.5 endorsement by its ACE Excess Casualty Unit. This...
Nichols Named President of Surplus Lines Group, NAPSLO
Oct 15 2012 // Matthew Nichols has been elected president of the National Association of Professional Surplus Lines Offices Ltd. (NAPSLO) for the 2013 term. Nichols has served on the NAPSLO board since 2005 and has chaired several...
Florida’s Citizens Puts Brakes on Surplus Note Program
Oct 12 2012 // Florida’s state-backed property insurer has opted to put the brakes on its plan to loan private insurers up to $350 million in surplus in order to address a growing wave of criticism from lawmakers, elected...
Slow and Steady: Optimism Good for Surplus Lines Market in 2012
Oct 9 2012 // Despite catastrophic events in 2011, low investment yields and competitive pressures, surplus lines specialists — especially market leaders — generated healthy operating profits and returns on both revenue and...
