Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
How Workers’ Compensation Fared in 2012 Florida Legislature
Mar 15 2012 // While their debates over property insurance and no-fault auto insurance consumed the attention of state officials and the media, Florida lawmakers were quietly dealing with several other insurance issues including...
Argenia Offers Wrap Around Policy for Florida Citizens Policyholders
Mar 8 2012 // Arkansas-based surplus lines broker Argenia has created a new Florida program designed to cover the reduction of coverage under Citizens Property Insurance Corp. homeowners policies. The program provides high enough...
Florida Surplus Lines Take-Out Bill Heading for Defeat
Mar 6 2012 // A bill that would allow surplus lines policies to directly assume policies from Florida’s state-run property insurer is all but dead after lawmakers tacked on an amendment that would require policyholders to sign-up...
Protective Specialty Launches E&O Products for Insurance Agents
Mar 6 2012 // Protective Specialty Insurance Co. has launched a pair of new errors and omissions products for insurance agents. One product will cater to life insurance agents, and the other will be tailored to property/casualty...
Best Affirms Endurance Specialty and Subs ‘A’ Ratings; Outlook Stable
Mar 6 2012 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Bermuda-based Endurance Specialty Insurance Ltd. and its affiliates. Best...
People
Mar 5 2012 // The Inland Marine Underwriters Association (IMUA) has voted Swiss Re America senior vice president Peter Opinante to assume the chairmanship of the board. Opinante, who served as deputy chair, fills the seat vacated by...
Group Personal Excess Policies Give Businesses and Employees Added Protection
Mar 5 2012 // As the economy continues to languish, and competition for revenue becomes fiercer, it is important for companies to retain and protect their key talent. Beyond financial incentives, businesses must consider the full...
Chartis No Longer Writing Excess Workers’ Comp as Stand-Alone Product
Mar 2 2012 // American International Group disclosed in its annual report that Chartis management decided last year to cease writing excess workers’ compensation business as a stand-alone product — as “part of its...
5 Startup Businesses Agents Should Watch
Mar 1 2012 // It hasn’t been the best of times for America’s Main Street businesses. Often facing overwhelming competition from big box stores, many small businesses face an uphill battle from the outset and more than a few...
Navigators Launches Wholesale Unit
Feb 28 2012 // Navigators Management Company Inc. (NMC) has launched a new operating unit that will focus on working exclusively with wholesale brokers in the United States. “We have always enjoyed tremendous relationships with the...
Surplus Lines Analysis: Multistate Clearinghouse Economics Don’t Work
Feb 27 2012 // Recent data from Florida indicate that the economics for a multistate surplus lines tax allocation clearinghouse are unworkable. There simply is not enough multistate surplus lines tax to support the cost of a...
Western Security Surplus’ Stevens Helps Launch Berry Family 5K
Feb 24 2012 // On July 3, 2011, while returning to their home in Houston, Texas, from an annual family road trip to Colorado, the Berry family found themselves victims of a tragic, fatal car accident. The Berry family’s minivan,...
The Hartford Hires Chartis U.S. Underwriting Chief Tucker
Feb 22 2012 // Hartford Financial Services Group announced three senior management appointments, including Tom Tucker as chief underwriting officer of commercial markets and head of specialty casualty. He will start his post at The...
HCC Specialty Offers Excess Product Contamination Coverage
Feb 21 2012 // HCC Specialty’s Crisis Management Division will begin offering excess product contamination limits for large U.S. food and beverage companies. The company’s “Super Excess” facility will allow the...
State Auto Increases Specialty Business in 2011
Feb 16 2012 // State Auto Financial Corp., headquartered in Columbus, Ohio, reported fourth quarter 2011 net income of $100.6 million, or $2.49 per diluted share, versus $37.6 million, or $0.94 per diluted share, for the fourth quarter...
Starr Companies Hires Chartis Exec as Head of Specialty Reinsurance
Feb 16 2012 // Starr Companies appointed Bob Coords as head of Starr Specialty Reinsurance, a division of Starr Indemnity & Liability Company. Coords comes from Chartis where he had been serving as president of the reinsurance...
Roberts to Retire as General Star, Genesis CEO; Jones Named Successor
Feb 16 2012 // General Re Corp. in Stamford, Conn. announced that Patricia H. Roberts will retire as president and CEO of General Star Management Co. and Genesis Management and Insurance Services Corp. effective March 1. Robert M. Jones,...
Beyond Golf: P-U-T-T-E-R’s the Name of the Game in E&S World
Feb 16 2012 // Bill Reynolds, Atlantic Casualty Insurance Golf could be called the go-to sport of the insurance industry, so it’s safe to assume that most insurance professionals know what a putter is – a tool for cursing and...
Ironshore Brings Lloyd’s Political Risk Coverage to U.S. Market
Feb 15 2012 // Ironshore Insurance Services has received extension of class approval from Lloyd’s to underwrite insurance coverage for the Pembroke Syndicate 4000 Political Risk and War and Terrorism unit. Pembroke’s...
Lloyd’s Estimates Thai Flood Losses at $2.2 Billion
Feb 14 2012 // Lloyd’s announced that it is estimating its overall net claims from the flooding in Thailand last year to be in the $2.2 billion range. The figure is based on an industry loss estimate of between $15 and $20...
