Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
DUAL Starts Specialty Reinsurance Business
Dec 2 2011 // DUAL Corporate Risks has launched Tamesis DUAL, a specialty excess-of-loss reinsurance business with capacity from Lloyd’s. Tamesis DUAL will access global clients writing a specialty excess-of-loss account. This...
Best Affirms Hiscox and Operating Companies ‘A’ Ratings; Outlook Stable
Nov 28 2011 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” of Hiscox Insurance Company (Bermuda) Limited,...
Best Affirms AXIS Specialty, Affiliates Ratings; Raises Outlook to Positive
Nov 23 2011 // A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of Bermuda-based AXIS...
LMA Highlights Training Academy Role with Baker Appointment
Nov 21 2011 // Ben Baker, the Lloyd’s Market Association’s (LMA) former Senior Underwriting Executive, has been promoted to the role of the organization’s Professional Standards Manager. He will take over from Terry...
People
Nov 21 2011 // Valencia, Calif.-based Petersen International Underwriters has named John J. Russo as legal director. Russo will assist in monitoring compliance and current legislation in various states, maintaining surplus lines...
Texas Surplus Lines Late-file Bill a Victory
Nov 21 2011 // But Implementation Issues Remain The passage of a bill addressing late filing of surplus lines policies in the 2011 Texas legislative session was a victory for surplus lines professionals in the state. Senate Bill 1806 was...
Web Exchange
Nov 21 2011 // IJ Video Highlights Pat Ryan Asks, ‘Are You Happy? Powered by InsuranceJournal.tv Patrick Ryan is an innovator who sees opportunity. And it was opportunity that drove him to launch Ryan Specialty Group in early 2010....
Catlin, China Re Announce Strategic Partnership; New Lloyd’s Syndicate
Nov 18 2011 // Catlin Group Limited has announced the formation of a strategic partnership with China Reinsurance (Group) Corporation (China Re) that will result in the establishment of a special purpose syndicate at Lloyd’s of...
Western Security Surplus’ Stevens Helps Launch Berry Family 5K
Nov 17 2011 // 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,...
Tennessee Alters Surplus Lines Licensing
Nov 15 2011 // The expiration date for surplus lines licenses in Tennessee will soon have to coincide with the expiration of an agent’s primary insurance producer license. All surplus lines license expiration dates will be moved...
Texas Surplus Lines Professionals: Late-file Bill a Victory but Issues Remain
Nov 15 2011 // The passage of a bill addressing late filing of surplus lines policies in the 2011 Texas legislative session was a victory for surplus lines professionals in the state. Senate Bill 1806 was backed by the Texas Surplus...
Gropp to Lead Texas Surplus Lines Association
Nov 15 2011 // Susan Gropp has been elected president of the Texas Surplus Lines Association Inc. Gropp, executive vice president of Arcana Insurance Services in Dallas, was installed as president of the association for the coming year...
WRM America Completes Acquisition of Fidelity National Indemnity
Nov 14 2011 // WRM America Holding Company, a specialty lines P/C insurance and risk management holding company, completed the acquisition of Fidelity National Indemnity Insurance Company (FNIIC), the flood insurance business of Fidelity...
Liberty International Underwriters Expands E&S Property Operations to West Coast
Nov 9 2011 // Liberty International Underwriters (LIU), the global specialty lines division of Liberty Mutual Group, has opened an excess and surplus (E&S) property operation in Los Angeles to better serve the West Coast wholesale...
Best Affirms Torus Insurance Holdings and Operating Subs Ratings
Nov 9 2011 // 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 Torus Insurance (Bermuda) Limited, Torus...
Torus Launches U.S. Professional, Management Liability Products
Nov 8 2011 // Torus now has U.S. professional and management liability primary underwriting capabilities. Led by Jeffrey Grange, senior vice president, head of professional lines, the offering includes products across three segments:...
Regulators Publish Surplus Lines ‘Alien’ Insurer Eligibility List
Nov 7 2011 // The National Association of Insurance Commissioners (NAIC) posted its Quarterly Listing of Alien Insurers, available for reference and download. The listing, also mentioned in the Nonadmitted Insurance title of the...
XL Appoints Seib as Excess Casualty Team President in New York
Nov 7 2011 // XL Group’s North America property/casualty insurance group appointed Lorraine Seib as president of its excess casualty team. Based in New York, Seib will manage XL’s global excess casualty business with...
People
Nov 7 2011 // Aspen Insurance Holdings appointed Mario Vitale as New York-based co-CEO of Aspen Insurance, effective beginning of 2012. He will work jointly with Rupert Villers, co-CEO of Aspen Insurance, in developing the...
People
Nov 7 2011 // Florida insurance broker Kuykendall Gardner has tapped Nicholas Carbone to serve as a vice president of transactional risk. In this role, he will assess, mitigate and transfer risk through insurance and other business...
