Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
HCC Global Financial Products to Offer Kidnap & Ransom Insurance
Dec 14 2012 // HCC Global Financial Products, a provider of Financial Lines Insurance since 1999, announced the launch of an international HCC branded Kidnap and Ransom (K&R) Insurance product in conjunction with HCC Specialty,...
Best Upgrades Issuer Credit Rating of Hiscox Group Subsidiaries; Affirms FSR
Dec 14 2012 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and upgraded the issuer credit rating (ICR) to “a+” from “a” of Hiscox...
Lloyd’s, JLT to Cover Unprecedented Antarctic Winter Crossing
Dec 13 2012 // Lloyd’s of London announced that “broker Jardine Lloyd Thompson (JLT) and a group of Lloyd’s syndicates, alongside other major insurance companies, have underwritten a bespoke policy to cover one of the...
Peck to Lead Western Surplus Lines Agency as President, CEO
Dec 12 2012 // Western Surplus Lines Agency Inc., based in Abilene, Texas, named Frank Peck as president and chief executive officer effective Jan. 1, 2013. Peck has served as an executive vice-president since 2006. He succeeds Ron...
ACE USA Restructures Global Property Division
Dec 6 2012 // ACE USA, the U.S.-based retail operating division of The ACE Group, has reorganized its Global Property division to now include three property insurance units designed to serve the needs of domestic and multinational...
NYC Marathon Organizers Likely to Get Millions From Event Insurance
Dec 5 2012 // The New York Road Runners — a non-profit community running group and the organizer of the annual New York City Marathon — could get millions of dollars in insurance proceeds thanks to its event cancellation...
Spotlight: CIWA Looking for Resurgence in Changing Market, Lawsuit
Dec 4 2012 // The California Insurance Wholesalers Association is in prime position to benefit from trends and events that its board members expect to be unfolding in the next year or two – including an improved surplus lines outlook...
Surplus Lines Premiums on the Rise in Texas
Dec 3 2012 // The amount of surplus lines insurance premium written in Texas rose by 25 percent as of the end of October compared with the same period the year before, signaling a boost to companies operating in this sector. Texas also...
Surplus Lines Premium on the Rise in Texas
Nov 30 2012 // The amount of surplus lines insurance premium written in Texas rose by 25 percent as of the end of October compared with the same period the year before, signaling a boost to companies operating in this sector. The state...
Carr Joins Mitsui Sumitomo at Lloyd’s to Expand Marine Liability Market
Nov 30 2012 // Mitsui Sumitomo at Lloyd’s announced the appointment of Darren Carr as Class Underwriter for its marine liability underwriting account in a move designed to expand that sector of its business. Carr joined Mitsui...
GMI in Pennsylvania Launches Norman Specialty Insurance Group
Nov 29 2012 // GMI Insurance — a Valley Forge, Penn.-based managing general agent for transportation insurance nationwide — announced the launch of Norman Specialty Insurance Group, a wholesale brokerage unit for specialty...
Van Eeten Elected to Lead Texas Surplus Lines Association
Nov 29 2012 // The Texas Surplus Lines Association Inc. announced that Kathy van Eeten, senior vice president – Regional Marketing for insurance broker CRC|Crump, has been elected president of the association for the coming year. Van...
Lloyd’s Report Focuses on ‘Gap’ in Disaster Costs and Insurance Coverage
Nov 28 2012 // A new report from Lloyd’s notes that the “the world has been battered by natural catastrophes in recent years, revealing a serious gap between the economic cost of natural catastrophes and the levels of insured...
Endurance Taps Parks-Carter to Head Western Excess Casualty Unit
Nov 21 2012 // Endurance Specialty Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, named Lynn Parks-Carter senior vice president to head its western region excess casualty insurance...
Lloyd’s America Names Northeast Region Director in Boston
Nov 20 2012 // Lloyd’s, the world’s specialist insurance market, appointed Glenn Dorr as director of Lloyd’s America’s Northeast region.Glenn DorrThe Northeast region is one of four established by Lloyd’s...
Q&A With ELANY Executive Maher on Surplus-Lines Industry’s Resiliency
Nov 16 2012 // The Excess Line Association of New York (ELANY) plays a vital role for New York’s surplus-lines industry. The group, a non-profit advisory association created by the New York statute in 1988, is charged with the duty...
Q&A: Surplus Lines Association of California Director McKay
Nov 15 2012 // Andrew G. Simpson, vice president of content for Wells Media Group Inc., recently grilled Surplus Lines Association of California Executive Director Benjamin McKay on an array of matters, including the market, new...
Best Affirms Markel International, Lloyd’s Syndicate Ratings; Outlook Stable
Nov 14 2012 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings of “a+” of UK-based Markel International Insurance Company...
Markel Promotes Thompson to President of Markel Specialty
Nov 9 2012 // Greg Thompson has assumed new responsibilities as president of Markel Specialty, a division of the Virginia-based specialty insurer Markel Corp. Thompson has been in the insurance business for 30 years. He began his career...
Superstorm Sandy Stress Scenarios Won’t Impact Insurer Ratings: Fitch
Nov 8 2012 // Even an extreme $40 billion scenario for property/casualty insurance industry losses from Hurricane Sandy would not drive material rating changes for insurers, analysts at Fitch Ratings said today. In a report providing a...
