Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
80% of Brokers ‘Very Positive’ on Lloyd’s Market
Sep 17 2010 // An article on the Lloyd’s web site [www.lloyds.com] concludes that “more than 80 percent of brokers say they are ‘very positive’ about doing business at Lloyd’s, according to the latest...
Adams, James Join RT Specialty Property Team
Sep 16 2010 // Charlie Adams and Angela James have joined the RT Specialty property team in Orange County, Calif. Each brings more than 20 years of experience in the excess and surplus property marketplace. Their expertise in course of...
P/C Insurers Post First Half Profit Despite Underwriting Losses
Sep 16 2010 // Private U.S. property/casualty insurers’ net income after taxes rose to $16.5 billion in first-half 2010 from $6 billion in first-half 2009, with insurers’ overall profitability as measured by their annualized...
Best Affirms Ratings of Lloyd’s Syndicate 510 and Kiln Group Limited
Sep 15 2010 // A.M. Best Europe – Rating Services Ltd has affirmed the Best’s Syndicate Rating of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 510, which is...
Lloyd’s Recreates Famous Underwriting Room in Dublin for Charity
Sep 14 2010 // Lloyd’s has recreated its underwriting room in Dublin in the first event of its kind seen in Ireland. The unusual event “allowed representatives from the Irish and Lloyd’s markets to discuss their...
New York Excess Lines Brokers Advised to Renew Licenses Soon
Sep 9 2010 // New York excess line brokers must soon renew their business entity licenses if they want to avoid possible licensing delays later this year, the Excess Line Association of New York (ELANY) said. All business entity...
California Processes 15.5% Fewer Surplus Line Premiums
Sep 8 2010 // The Surplus Line Association of California has processed $1.9 billion in premium for the first six months of 2010, a decrease of 15.5 percent compared to the same period in 2009. The total number of policies filed with the...
Ryan Group Denies Any Wrongdoing by Former AmWINS Employee
Sep 7 2010 // North Carolina-based wholesale insurance broker AmWINS has won a court order against a former employee it believes is using confidential client information to target AmWINS business accounts and win them over to his new...
Monarch E&S Opens Hawaii, Arizona Offices
Sep 7 2010 // Monarch E&S Insurance Services has opened new offices in Hawaii and Arizona. The Hawaii office, located in Waikoloa, will be operated by company CEO Derek Borisoff. The Arizona office, located in Chandler, will be run...
Brokers Marsh, Cooper Gay, RK Harrison to Test iPads at Lloyd’s
Sep 7 2010 // Lloyd’s announced that it has joined with brokers Marsh, Cooper Gay and RK Harrison Group in a trial to test the use of iPads in its underwriting room. The trial is set to commence in early September. Lloyd’s...
Distressed and Vacant Properties Fill a Void for Insurers
Sep 6 2010 // The vacant and distressed property segment, which was barely thought of two years ago, has been a beacon of light for insurers. This class has boomed in the past couple years as the economy has forced the closure of many...
Distressed and Vacant Properties Fill a Void for Insurers
Sep 6 2010 // The vacant and distressed property segment, which was barely thought of two years ago, has been a beacon of light for insurers. This class has boomed in the past couple of years as the economy has forced the closure of...
NFL Star’s Hair Insured by Lloyd’s for $1 Million
Sep 1 2010 // The long, flowing black hair that tumbles out of NFL star Troy Polamalu’s helmet and down his back has been insured for $1 million by Head and Shoulders, the shampoo brand that is endorsed by the Pittsburgh Steelers...
Surplus Lines Bills Await Schwarzenegger’s Signature
Aug 31 2010 // The California Legislature has passed two surplus lines insurance bills that have been sent to Calif. Gov. Arnold Schwarzenegger. AB 1708 (Villines), sponsored by the California Department of Insurance, would require the...
Stanford, Execs Deny Key Role in Alleged Fraud Cited by Lloyd’s
Aug 30 2010 // Lawyers for Texas financier Allen Stanford and two accounting executives who worked for him sought to distance their clients Friday from the alleged financial wrongdoing insurer Lloyd’s of London cites as a reason to...
S&P Affirms Markel’s ‘BBB’ Ratings; Outlook Negative
Aug 26 2010 // Standard & Poor’s Ratings Services has affirmed its ‘BBB’ unsolicited counterparty credit rating on Markel Corp. However, S&P said the “outlook on Markel remains negative.” Credit...
Lloyd’s Warns of Perils Related to Electric Grid Transformer Failure
Aug 25 2010 // A bulletin on the Lloyd’s of London web site (www.lloyds.com) warns that a “major transformer failure can wreak havoc, causing power shortages or outages affecting millions of homes and businesses and costing...
Ex-Stanford Executive Settles with Lloyd’s Over Defense Fees Under D&O
Aug 25 2010 // Laura Holt, the former chief investment officer for accused Ponzi schemer Allen Stanford’s financial firm, has reached a settlement with Lloyd’s of London over her defense fees, a federal judge said...
Argo Group Appoints Fleischer as E&S Segment Chief Underwriting Officer
Aug 20 2010 // The Excess and Surplus Lines segment of Argo Group International Holdings, Ltd. has appointed Michael Fleischer as E&S segment chief underwriting officer. Fleischer will work closely with E&S segment businesses...
Chartis Enhances Coverage for Network Security, Privacy Risks
Aug 18 2010 // Chartis is expanding Specialty Risk Protector, its professional liability and data network security insurance coverage developed by its Executive Liability division, to give customers access to additional protection for...
