Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
American E&S Insurance Offers Professional Liability Program
Feb 3 2009 // San Francisco-based American E&S Insurance Brokers has introduced AESPro, a nationwide professional liability program for architects and engineers, technology media, and miscellaneous professional liability risks....
Argo Group Forms Casualty & Professional Risks Division
Feb 2 2009 // The Bermuda-based Argo Group International announced that it has established a Casualty and Professional Risks division within Argo Re, the Company’s reinsurance division. “The newly formed division will write...
ACE Extends Environmental Liability Coverages to Lloyd’s
Jan 30 2009 // ACE announced that it is extending its Environmental Risk capabilities by writing the company’s portfolio of Environmental Liability products at Lloyd’s. “ACE’s suite of environmental products is...
Best Affirms Nationwide Group ‘A+’ Ratings, Changes Outlook to Negative
Jan 29 2009 // A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Nationwide Group and its...
Willis Re Appoints 17 Brokers to Drive Specialty Lines Growth in US, UK
Jan 29 2009 // Willis Re, the reinsurance arm of global broker Willis Group Holdings, announced the appointment of 17 professionals “to extend the global growth of the unit’s specialty lines business.” Willis said the...
American E&S Offers Vacant Property Insurance Program
Jan 27 2009 // San Francisco-based American E&S Insurance Brokers is offering property and general liability coverage for vacant commercial and residential buildings. Available nationwide (except Kentucky), the program is available...
Max Cap CEO Letter to Investors Recaps 2008, Gives 2009 Outlook
Jan 26 2009 // W. Marston (Marty) Becker, Chairman and CEO of the Bermuda-based Max Capital Group has issued a letter addressed to the Company’s shareholders, employees and other stakeholders updating them on Max Capital’s...
Texas Security General Acquires Business of Emerald Surplus
Jan 26 2009 // Effective Jan. 1, 2009, San Antonio-based Texas Security General Insurance Agency Inc. (TSGA) officially acquired the stock of Emerald Surplus Inc. and is transitioning all business to TSGA, the company announced. All...
Former AIG CEO Greenberg, Ironshore in Joint Excess Casualty Venture
Jan 26 2009 // Maurice “Hank” Greenberg, the man who ran American International Group for nearly 40 years and who now runs C.V. Starr & Co., is being reunited with some executives who used to work under him when he ran...
People
Jan 25 2009 // The Insurance Marketing and Communications Association named Richard Look president. He is a marketing communications veteran with agency and insurance company experience, and currently serves as vice president of...
Wholesaler Innovation Helps Close the Gaps
Jan 25 2009 // E&S Exists to Provide Coverage for Unique and Emerging Risks Before the 1980s, employers bore all the risks associated with employment litigation. As this litigation and the financial costs associated with employee...
London’s Reach Bolsters U.S. Specialty Lines
Jan 25 2009 // Insurers Catlin, Beazley, Amlin, Hiscox and Newcomer Torus Find Their Niche in U.S. Market Find a need, then fill it,” is a hoary business principle, but making it work is often harder than it looks. However, a...
Lloyd’s Web Site Summarizes Current Opinions on Climate Change
Jan 23 2009 // “The string of natural catastrophes that wreaked havoc in 2008, costing the global economy $225 billion and leaving insurers with their second costliest year in history, graphically highlights the increasing risks to...
Arch Receives Approval for New Lloyd’s Syndicate
Jan 22 2009 // The Bermuda-based Arch Capital Group announced that the Company has received approval in principle from the Lloyd’s Franchise Board and the Financial Services Authority (FSA) to establish a new managing agent and...
Int’l. Underwriting Association Pledges Electronic Claims Payment Progress
Jan 21 2009 // An article on the Lloyd’s web site (www.lloyds.com) discusses plans by the International Underwriting Association for making claims payment a top priority for 2009. The IUA aims to double the number of new claims...
Lloyd’s Chairman Calls for Insurance Industry Input in Financial Regulation
Jan 20 2009 // Lloyd’s Chairman, Lord Peter Levene, has called for insurers to contribute to the debate about the future of financial markets, citing better regulation as the key way forward. In an article on the Lloyd’s web...
Minico Insurance Adds Enhancements for Self-Storage Specialty Program
Jan 20 2009 // Phoenix-based MiniCo Insurance has enhanced its self-storage specialty insurance program to include three new options. The specialty businessowner policy may be augmented by adding: -Blanket Property Coverage –...
Lloyd’s Exchange Offers Real Change
Jan 16 2009 // The Lloyd’s Exchange pilot initiative (See IJ web site – https://www.insurancejournal.com/news/international/2009/01/13/96927.htm] was formally introduced on Thursday to the general approval of all concerned....
American Pinnacle Partners Launches Western Pinnacle Insurance Services
Jan 14 2009 // Seal Beach, CA and Fresno, CA, January 14, 2009 — American Pinnacle Partners, Inc. (“APP”), a holding company of specialty insurance companies, announced today that APP through a two-step transaction has...
IBM Chosen to Provide Lloyd’s ‘Exchange Pilot’ Communication System
Jan 13 2009 // Lloyd’s announced that it has selected IBM to deliver the Lloyd’s Exchange pilot. “The Exchange will allow market participants to transfer risk information to each other using electronic messaging...
