Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
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Sep 19 2011 // Brady R. Kelley has been named the executive director of the National Association of Professional Surplus Lines Offices (NAPSLO). Kelley replaces Richard M. Bouhan who will be retiring from the organization after 30 years...
11 States Proceed with E&S Tax Group
Sep 19 2011 // Eleven states that have formed a cooperative to streamline collection and allocation of surplus lines taxes are moving ahead with its organization. Mississippi Insurance Commissioner Mike Chaney has been chosen chairman of...
Virginia-based Hilb Group Acquires Venture Specialty Insurance
Sep 16 2011 // The Hilb Group, a Glen Allen, Va.-based holding company that focuses on acquiring mid-market agencies, has purchased Venture Specialty Insurance. The Richmond, Va.-based Venture Specialty is an all-lines agency with two...
Lloyd’s Channel Syndicate Appoints Campbell to Head Financial Lines Division
Sep 16 2011 // Lloyd’s Channel Syndicate 2015 has appointed Martin Campbell as Head of its Financial Lines Division. He has worked in the London Market for over 20 years and has built a Financial Lines account at previous stages of...
Lloyd’s Syndicate Sues Saudi Arabia for $215M Over 9/11 Claims
Sep 15 2011 // Lloyd’s of London’s Syndicate 3500 filed a federal lawsuit against Saudi Arabia, several Saudi charity and financial organizations and prominent Saudi individuals over 9/11 terror attacks. The insurer said...
Best Affirms Lloyd’s Syndicate 510 and Kiln Group Ratings; Outlook Stable
Sep 15 2011 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit rating (ICR) of ‘a+’ of Lloyd’s Syndicate 510, which is managed...
Lloyd’s Issues First Direct Insurance Policy in China
Sep 15 2011 // Lloyd’s announced that it has issued its first direct insurance policy in China through its fully owned subsidiary – Lloyd’s Insurance Company (China) Limited, in a move which “marks the next step in...
Business Risk Partners Launches Lloyd’s-Backed Home Inspectors E&O Coverage
Sep 14 2011 // Business Risk Partners has launched a new standard E&O (errors & omissions) policy form for home inspectors. The policy, underwritten by Lloyd’s of London, reflects improvements across the board as a result...
Cantlay to Join AIG-Backed Lloyd’s Syndicate, Ascot, as Executive Director
Sep 12 2011 // Ex-Aon Benfield Chairman Charlie Cantlay is to join the Board of Directors of AIG’s Lloyd’s Syndicate, Ascot Underwriting, as Executive Director starting 3rd October. Ascot manages Lloyd’s Syndicate...
New Hampshire AG Balks at Malpractice Fund Settlement
Sep 12 2011 // New Hampshire’s attorney general objected Friday to a proposed settlement in a tug-of-war over $110 million of surplus money in a state-created malpractice insurance fund because lawyers would get up to $27.5 million...
Fitzpatrick to Head U.S. Retail for Endurance Specialty
Sep 12 2011 // Sean M. Fitzpatrick is joining Bermuda-based Endurance Specialty Holdings Ltd. in the new role of president and head of U.S. property/casualty retail insurance. Fitzpatrick will be responsible for expanding...
Ironshore Specialty Casualty to Provide Excess Coverage to NBIS Customers
Sep 9 2011 // Ironshore Inc.’s Specialty Casualty unit has introduced a program to provide excess coverage for NationsBuilders Insurance Services (NBIS), the industry leader in specialized heavy construction risks. The new...
Best Affirms Markel International’s Ratings; Syndicate 3000; Outlook Stable
Sep 8 2011 // 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...
Best Affirms Ratings of Lloyd’s Syndicate 958 (Omega); Outlook Stable
Sep 7 2011 // 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...
Aran Insurance Services to Offer Specialty P&C Programs in Canada
Sep 6 2011 // Aran Insurance Services Group’s property and casualty subsidiary MiniCo Insurance Agency, LLC, will offer specialty insurance programs in Canada through its new affiliate, MiniCo Insurance Agency of Canada, Inc....
Kelley to Lead National Association of Professional Surplus Lines Offices; Bouhan to Retire
Sep 2 2011 // Brady R. Kelley has been named the executive director of the the National Association of Professional Surplus Lines Offices (NAPSLO) effective Sept. 12. Kelley will replace Richard M. Bouhan who will be retiring from the...
11 States Proceed with Surplus Lines Tax Clearinghouse; Group Names Officers
Sep 1 2011 // Eleven states that have formed a cooperative to streamline collection and allocation of surplus lines taxes are moving ahead with its organization. Mississippi Insurance Commissioner of Insurance Mike Chaney has been...
English Football (Soccer) Season Kicks Off with Help from Insurance Industry
Sep 1 2011 // English football (soccer) matches resumed at the beginning of August with Manchester United, last season’s Premier League champions, favored to repeat this season. Like its counterparts in the U.S. – major...
Travelers Promotes Lloyd’s Syndicate 5000 Underwriters
Aug 30 2011 // Travelers announced a series of promotions within Travelers Syndicate Management Ltd. (Syndicate 5000), the company’s Lloyd’s operation, “to support long-term development in this important...
XL Names Beauregard to Lead E&S Property Unit
Aug 26 2011 // XL Insurance named Ronald E. Beauregard Jr. as senior vice president and chief underwriting officer for its excess and surplus (E&S) property business. Based in Boston, Beauregard reports to Roxanne Mitchell, president...
