Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
How Agents and Carriers Can Find Gold in Personal Lines
Sep 19 2012 // Independent agents and their companies have over the years been beaten in the personal lines market by direct response carriers and captive agents. But being down so long means there is plenty of room for independent...
AmWINS Forms Managing General Underwriter with Former Rockhill Execs
Sep 19 2012 // North Carolina-based insurance wholesaler AmWINS Group Inc. said it has partnered with two insurance industry executives, Terry Younghanz and Richard Parks, to form a new managing general underwriter (MGU) focused on...
Ryan Specialty to Buy Direct Group in UK
Sep 18 2012 // The Ryan Specialty Group (RSG) announced that it would “significantly strengthen its MGA and third party administration (TPA) capabilities in the UK” with an agreement to acquire insurance services provider...
Court Orders Rehabilitation for Home Value Insurance Co.
Sep 18 2012 // Home Value Insurance Co. was ordered into rehabilitation by an Ohio court on Aug. 31, 2012, and has been prohibited from selling insurance in the state due to its failure to maintain minimum capital and surplus. The...
US Brokers’ Employees Attend London’s Beazley Broker Academy at Lloyd’s
Sep 17 2012 // A bulletin from Lloyd’s notes that “high potential employees from US broking firms will spend the coming week in London, standing in the shoes of the Lloyd’s underwriter and gaining a detailed...
Best Affirms Catlin Group and Subs ‘A’ Ratings; Outlook Stable
Sep 14 2012 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of the Bermuda-based Catlin Insurance Company...
How Florida’s Citizens’ Surplus Loans to Private Insurers Would Work
Sep 12 2012 // Florida’s state-backed property insurer is considering for the first time whether to invest in private insurers to the tune of $350 million, with the hopes these insurers would then take up to 300,000 policies. The...
Hallmark Specialty Insurance Ordered to Pay Over Penn. Turnpike Spill
Sep 12 2012 // A federal judge says a trucking company’s insurer must cover some of the claims associated with the spill of a sticky goo over a 40-mile stretch of the Pennsylvania Turnpike last year. U.S. District Judge Joy Flowers...
Tapping the High Net Worth Market
Sep 10 2012 // How Agents and Carriers Can Find Gold in Personal Lines Independent agents and their companies have over the years been beaten in the personal lines market by direct response carriers and captive agents. But being down so...
Florida Streamlines Licensing for Agents, Adjusters
Sep 10 2012 // A new Florida law seeks to reduce the regulatory burden on agents and adjusters by consolidating some licenses and revamping the education classes they must take. Among the changes: insurance adjusters and agents operating...
Specialty Risk Associates Announces New Hires and Promotions
Sep 7 2012 // Louisiana-based Specialty Risk Associates Inc. has made two promotions within its Shreveport office. Kelly Babin assumed the position of controller. Babin, a Certified Public Accountant, joined Specialty Risk in 2010 as...
Mitsui Sumitomo Promotes Wood to Class Underwriter-Professional Indemnity
Sep 6 2012 // Mitsui Sumitomo at Lloyd’s announced the promotion of Stuart Wood to Class Underwriter for Professional Indemnity (PI) within its Professional Lines operation. Wood joined Mitsui Sumitomo at Lloyd’s in 2009. He...
Lloyd’s Names Vandendael – Director, Int’l. Markets; Van Saun to Franchise Board
Sep 4 2012 // Lloyd’s has announced two top level executive appointments. Vincent Vandendael will take over as Director – International Markets, and Bruce Van Saun has been appointed as an independent non-executive director...
Guy Carpenter Report Finds Lloyd’s Seeking to Improve ‘Competitiveness’
Aug 29 2012 // A new report on the Lloyd’s insurance market by Guy Carpenter & Co. finds that “Lloyd’s is looking to improve its global competitiveness despite mounting challenges including low investment returns,...
Ashland Gun Club Insurance Dispute with Lloyd’s
Aug 28 2012 // Lloyd’s of London says the liability insurance it provides for the Ashland Gun Club in Oregon covers bodily injury and property damage, but it won’t pay any damages related to lead contamination from...
Markel Executive Joins Aspen US Insurance in New York
Aug 24 2012 // Aspen US Insurance has appointed Richard Aldorisio as executive vice president of casualty insurance. He will be based in New York City. In his new role, Aldorisio will head the casualty insurance unit, which now includes...
Stenzhorn, Bateman Join Lloyd’s Broker Howden’s Energy Division
Aug 24 2012 // UK-based Howden Insurance Brokers announced the second phase in the development of its Energy division with the appointments of Greg Stenzhorn and Richard Bateman. Stenzhorn will join Howden from Aon Benfield on the 15th...
Gridiron Insurance Releases E-Portal Product
Aug 23 2012 // Gridiron Insurance Underwriters, Inc., a program manager that specializes in writing program business on a regional and national basis through select retail and wholesale producers, has debuted its new Easy Excess...
Flagstone Re Completes the Sale of Lloyd’s Operation to ANV
Aug 21 2012 // Luxembourg-based Flagstone Reinsurance Holdings, S.A. announced that it has completed the planned sale of its Lloyd’s segment to a wholly-owned subsidiary of ANV Holdings BV for approximately $49.7 million in...
Advanced E&S Group Launches Community Association Debt Coverage
Aug 10 2012 // Advanced E & S Group has launched the Assessment Recovery Indemnity (ARI) program. ARI is a new insurance product underwritten by member companies of the AmTrust Group, designed to help condominium and homeowner...
