Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
It Pays To Specialize
Oct 6 2008 // How Program Managers Beat the Commodity Trend and Soft Market Despite challenging soft market conditions, today’s program administrators should be able to seize the day’s market opportunities thanks to their...
Competitors Offer to Fill the Gaps
Oct 6 2008 // There have been some subtle and not-so-subtle moves by competitors in reaction to AIG’s troubles. Navigators Pro increased its capacity for directors and officers (D&O) liability insurance, citing the...
American E&S Appoints Insurance Broker in Fresno
Oct 1 2008 // American E&S Insurance Brokers has appointed Frank Cardoso senior vice president and broker in its Fresno, Calif., branch. Most recently serving as president of Network E&S Insurance Brokers, Cardoso has nearly...
Lloyd’s Six Month Profits Fall 47.5% to $1.76 Billion
Sep 25 2008 // Lloyd’s has reported interim results, which show a marked decline in profits for the first six months of 2008. Nonetheless, compared to what’s been happening in the global financial sector (where Lloyd’s...
Lloyd’s Welcomes its New Graduates
Sep 23 2008 // Lloyd’s has welcomed the first group of candidates to be accepted in to its graduate program. The nine graduates have spent the past week learning about Lloyd’s and the London Insurance Market, meeting their...
U.S. Reinsurers Report Deteriorating Combined Ratio; Decline in Surplus
Sep 22 2008 // U.S. reinsurers reported a deteriorating combined ratio for the first-half 2008, compared to the first-half 2007 while net premiums were up over the same time period. The Reinsurance Association of America (RAA) released...
Ark., La. Commissioners Reassure Policyholders After AIG Bailout
Sep 18 2008 // Both Arkansas Insurance Commissioner Julie Benafield Bowman and Louisiana Commissioner of Insurance Jim Donelon have issued statements seeking to reassure policyholders in the wake of the federal takeover of insurance...
Best Affirms Hiscox Lloyd’s Syndicate 33 ‘A’ Ratings
Sep 18 2008 // A.M. Best Co. has affirmed the Best’s Syndicate Rating of ‘A’ (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 33, which is managed by Hiscox Syndicates Limited...
Lloyd’s Execs Comment on ‘Mixed Outlook’ for Marine Sector
Sep 17 2008 // Rolf Tolle, Lloyd’s Franchise Performance Director, speaking at the International Union of Marine Insurers’ Conference in Vancouver, noted that low inflation, huge rises in commodity prices and the growth of...
Lloyd’s Sees NAIC’s Decision on Reinsurance Collateral ‘This Month’
Sep 16 2008 // A bulletin on the Lloyd’s web site (www.lloyds.com) notes that the National Association of Insurance Commissioners (NAIC) has confirmed it will meet “to consider the proposal to end collateral requirements...
Best Upgrades Allianz Global Specialty, Allianz France
Sep 15 2008 // A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A+’ (Superior) from ‘A’ (Excellent) and the issuer credit rating (ICR) to “aa” from “a+” of Allianz Global...
NYMAGIC Builds Surplus Lines Brokerage Network
Sep 15 2008 // NYMAGIC, Inc. reported that its MMO Agencies unit has begun to write new business through 10 offices of surplus lines agents in Florida, New York, New Jersey and Kentucky, and that it expects to add offices of surplus...
Assurant Offers ID Theft Protection for Financial Institutions
Sep 15 2008 // Assurant Specialty Property and National ID Recovery (NIDR) have launched a Red Flag ID fraud detection, notification and protection program for financial institutions and credit unions. Red Flag ID Fraud Solutions is a...
UK High Court Issues Restraining Order on Lloyd’s Former ‘Names’
Sep 11 2008 // The UK High Court has issued a civil restraining order, which enjoins former Lloyd’s Names from bringing further lawsuits against Lloyd’s without first seeking permission from the court to do so. Lloyd’s...
Surplus Lines Brokers’ Group Launches Awareness Campaign
Sep 11 2008 // The National Association of Professional Surplus Lines Offices Ltd. launched an education and awareness campaign to demonstrate the value that wholesale brokers bring to retail brokers and corporate risk managers when...
Lloyd’s, RMS Coastal Flood Study Urges Adapting to Changing Conditions
Sep 10 2008 // A new report published by Lloyd’s, as part of its “360 project,” and Risk Management Solutions (RMS), warns that “without adaptation, insurance losses from coastal flooding for high-risk properties...
Gao to Head Lloyd’s China Re Office
Sep 9 2008 // Lloyd’s announced the appointment of Eric Gao, formerly Director & General Manager of Swiss Re’s Beijing branch, as its new CEO for Lloyd’s Reinsurance Company (China) Ltd. He “will focus on...
Lloyd’s Oxygen Opens Bermuda Subsidiary Company
Sep 9 2008 // Oxygen Insurance Brokers, a Lloyd’s accredited London Market insurance intermediary, announced the expansion of their specialist reinsurance division, Oxygen Re, with the incorporation of Oxygen Insurance (Bermuda)...
Simon Joins Specialty Risk Associates in Mississippi Office
Sep 9 2008 // Shreveport, La.-based wholesale insurance broker, Specialty Risk Associates Inc., added Cathy Simon to the staff of the firm’s Ridgeland, Miss., office. Simon, who specializes in Transportation underwriting, began...
Ironshore to Sell E&S Coverage in New York
Sep 3 2008 // Ironshore Specialty Insurance Co. has been approved as an eligible excess and surplus lines insurer in New York. The Excess Line Association of New York added the company to its list of eligible E&S insurers...
