Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Canopius to Buy Lloyd’s Omega Insurance for $265 Million; Tower in Related Deal
Apr 26 2012 // Lloyds of London insurer Canopius said it has agreed to buy rival Lloyd’s insurer Omega after raising its offer to £164 million ($265.6 million) in a recommended cash deal. Canopius said on Wednesday it will pay 67...
N.Y.-Based Specialty Insurer Assurant Turns 120 Years Old
Apr 19 2012 // Assurant, a New York-based provider of specialty insurance and insurance-related products and services, celebrated its 120th anniversary Wednesday by ringing the ceremonial closing bell at the New York Stock Exchange,...
Catlin Receives Approval to Establish Representative Office in Beijing
Apr 19 2012 // The Catlin Group Limited announced that it has been granted approval by the China Insurance Regulatory Commission [CIRC] to open and operate a wholly owned representative office in Beijing. The office will be headed by...
Private U.S. P/C Insurers’ Income Fell to $19.1B in 2011: ISO, PCI
Apr 17 2012 // A new analysis shows that while the private U.S. property/casualty insurers suffered deteriorating results in 2011, they still ended the year with a strong and improved fourth-quarter. Private U.S. P/C insurers’ net...
Atlas General Insurance Services Announces Expansion and Has Named Greg Mosher President of the Newly Formed Atlas Specialty Insurance Division
Apr 16 2012 // San Diego, CA, 4/16/2012 – Atlas General Insurance Services, LLC, a San Diego based program administrator, is pleased to name Greg Mosher President of Atlas Specialty Insurance Services, a new division of Atlas...
Business Moves – East
Apr 16 2012 // BB&T Corp., Crump Group BB&T Corp., a major regional bank and insurance broker based in Winston-Salem, N.C., completed its previously announced acquisition of insurance businesses from Crump Group, a Roseland,...
Business Moves – Midwest
Apr 16 2012 // Great American Insurance Group Cincinnati, Ohio-based Great American Insurance Group’s environmental division opened a regional office in New York City. The expansion complements the environmental division’s...
160-Year Old Hanover Insurance Group Retaking Its Place as P/C Industry Leader
Apr 16 2012 // (A full version of this article, as well as exclusive podcasts featuring Hanover CEO Frederick Eppinger, is available on InsuranceJournal.com) Eight out of 160 years of history may not seem like a big deal but for Hanover...
160-Year Old Hanover Retaking Its Place as P/C Industry Leader
Apr 16 2012 // Eight out of 160 years of history may not seem like a big deal but for Hanover Insurance Group, founded in 1852, the last eight years have seen a series of big deals. Eight years ago in 2004, the $2.4 billion heavily...
Michigan’s Davenport University Introducing Insurance Education Specialty
Apr 11 2012 // Davenport University in Michigan announced it is introducing a new risk management and insurance specialty within its Bachelor of Business Administration in Management program beginning in the fall of 2012. Farmers...
Best Lowers, Withdraws Omega Specialty Ratings; Affirms Lloyd’s Syndicate 958
Apr 11 2012 // A.M. Best Europe – Rating Services Ltd. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 958, which is managed...
Kemper Changes Name for Specialty Business Unit
Apr 9 2012 // Kemper Corp. has changed the name of its Unitrin Specialty business to Kemper Specialty, effective April 9, 2012. The next step will be to rebrand the Unitrin Direct business in the near future, the company...
Endurance’s Chief Actuary Leaving to Take University Post in Philly
Apr 5 2012 // Endurance Specialty Holdings said Michael Angelina, its chief risk officer and chief actuary, will be leaving the company to take a university post in Philadelphia. Michael Angelina Angelina will assume the position of...
Western Security Surplus Insurance Brokers Announces Staff Changes
Apr 4 2012 // Kyle Stevens, president and CEO of Western Security Surplus Insurance, announced organizational changes in the Dallas office and a new hire for WSS’ Roseville, Calif., office. Jennie Reed has been promoted to senior...
160-Year Old Hanover Retaking Its Place as P/C Industry Leader
Apr 3 2012 // Eight out of 160 years of history may not seem like a big deal but for Hanover Insurance Group, founded in 1852, the last eight years have seen a series of big deals. Eight years ago in 2004, the $2.4 billion heavily...
Ryan Specialty Group to Acquire WKFC Underwriting Managers in New York
Apr 3 2012 // Chicago-based Ryan Specialty Group said its subsidiary RSG Underwriting Managers is acquiring WKFC Underwriting Managers in New York. Terms of the transaction were not disclosed.Ryan Specialty Group CEO Patrick G....
Florida Passes Workers’ Comp Changes
Apr 2 2012 // While debates over property insurance and no-fault auto insurance consumed the attention of state officials and the media, Florida lawmakers quietly dealt with several other insurance issues, including workers’...
Lloyd’s CEO Ward on 2011 Loss: ‘Not a Bad Result’
Mar 29 2012 // At first glance that statement may seem a little strange, considering that Lloyd’s reported an overall loss for the year of £516 million ($822 million). But considering that overall insured losses for the year from...
Lloyd’s Posts $822 Million Overall Loss for 2011
Mar 28 2012 // The loss, announced today by Lloyd’s of London, shows just how severe the second costliest year for catastrophes on record for the insurance industry actually was. Lloyd’s announced a loss of £516 million...
Blunt to Head New Sportscover Specialty Lines Division
Mar 19 2012 // Lloyd’s insurer Sportscover – Syndicate 3334 – announced that “as part of its continuing diversification into specialist areas of business,” it will launch a specialty lines division, effective on the...
