Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Kittleson, Hill Join Iron-Starr Excess Casualty Operation in Bermuda
Sep 10 2009 // Iron-Starr Excess Agency Limited, the joint venture between Ironshore Inc. and C. V. Starr & Co., Inc., report that Eric S. Kittleson and Mark Hill have joined the Excess Casualty operation domiciled in Bermuda....
New Facility for Excess Lawyers Professional Liability Now Available
Sep 9 2009 // Synergy Professional Associates, based in Kinelon, N.J., announced a new program that provides excess lawyers professional liability for small law firms. The facility can consider excess limits on standard lines written in...
House Passes Surplus Lines Reform Legislation
Sep 9 2009 // The House of Representatives passed HR 2571, the Non-Admitted and Reinsurance Reform Act of 2009 on Wednesday. The bill, authored by Reps. Dennis Moore, D-Kan., and Scott Garrett, R-N.J, will simplify the tax remittance...
People
Sep 7 2009 // Texas-based Specialty Insurance Managers Inc. appointed several new vice presidents. Karen Ashton was named vice president of the Arlington, Texas, branch. Bonnie Stalkfleet is now vice president of the Granbury branch....
Montana Surplus Lines Group Protests Stamping Office Takeover
Sep 7 2009 // The surplus lines industry is taking issue with the Montana insurance department’s takeover of the surplus lines industry’s stamping and fee collection functions. The stamping office had been run by the Montana...
E&S Brokers Look for Rays of Light at the End of the Tunnel
Sep 7 2009 // Flat Economy, Persistent Soft Markets Have Forced Leaner Business Models, More Automation A poor economy, natural catastrophes and an extended soft market have all combined to nip growth in the excess and surplus lines...
New York Eases Rules for Placing Difficult Risks in Excess Market
Sep 3 2009 // In a move widely supported by industry advocates, the New York State Insurance Department has approved new rules that would make it quicker and easier for to write some categories of higher-risk insurance that are...
Specialty P/C Insurer Ironshore Raises $300 Million
Aug 31 2009 // Property/casualty insurer Ironshore Inc. in Bermuda has completed an equity capital deal that will raise $300 million to support the continued expansion of Ironshore’s specialty insurance business. Lead investors in...
Lloyd’s Explores Terrorism/Internet Threats
Aug 27 2009 // Politico-social trends are rarely static; they evolve over time. Terrorism is no exception. An article on the Lloyd’s of London web site (www.lloyds.com) notes that “today’s extremists are just as intent...
Best Affirms Lloyd’s Syndicate 1084 (Chaucer) ‘A’ Ratings
Aug 27 2009 // A.M. Best Co. has affirmed the Best’s Syndicate Rating of ‘A ‘(Excellent) and the issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 1084. Best also affirmed the ICR of...
Piracy Remains a Concern Says Lloyd’s
Aug 24 2009 // The news media sometimes neglects important events in an effort to avoid overexposure. But when a new twist occurs, the media returns to the subject with a vengeance. The latest example is the extensive coverage given to...
Best Affirms Ratings of Lloyd’s Syndicate 510, Kiln Group
Aug 21 2009 // A.M. Best Co. 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 managed by R.J. Kiln & Co...
Surplus Lines Group Contests Montana’s Right to Stamping Fees
Aug 21 2009 // The surplus lines industry is taking issue with the Montana Commissioner of Securities and Insurance over its decision to take over the collection of stamping fees from the Surplus Lines Stamping Office, previously part of...
Watkins Appointed as New President of Lloyd’s North America
Aug 20 2009 // Lloyd’s has selected Hank Watkins as the new President for North America. He takes over from LoriAnn Lowery who resigned from the position last June after a little more than a year on the job [See IJ web site –...
Specialty Risk Associates Is Expanding Management Team
Aug 20 2009 // Louisiana-based insurance wholesaler, Specialty Risk Associates Inc., announced several changes to its management team that will become effective Sept. 1. Thomas Garland was named chief operating officer. Garland joined...
Lloyd’s Assesses Impact of Heat Waves and Wildfires
Aug 19 2009 // The recent series of wildfires that ravaged parts of Spain, France, Greece and Italy in late July may well be symptomatic of the warming trend in global weather patterns according to experts at Lloyd’s of...
Brownyard Adds Equipment Breakdown Coverage for Specialty Programs
Aug 19 2009 // The Brownyard Group, based in Bay Shore, N.Y., is offering Equipment Breakdown coverage for its security guard (Brownguard), pest control operators (PCOpro) and cosmetic manufacturers (Foundation) programs. Coverage is...
Michigan Halts Novus Surplus Lines Insurance; Owner Defends Company
Aug 18 2009 // Michigan regulatory officials have charged an insurer and its managing general agency with fraud in the selling of surplus lines insurance. But the owner of the company that is is runoff says it did nothing wrong. The...
Michigan Halts Novus Surplus Lines Sales; Owner Defends Insurer
Aug 18 2009 // Michigan regulatory officials have charged an insurer and its managing general agency with fraud in the selling of surplus lines insurance. But the owner says his company that is in runoff has done nothing wrong. The...
Lloyd’s Announces First Live Message Sent across Exchange
Aug 17 2009 // Lloyd’s has announced that Miller, a Lloyd’s broker, and Aspen Re were the first to send a message – an energy quotation request, using ACORD data standards – across its Lloyd’s Exchange...
