Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
New York to Revive Lloyd’s-like Exchange
Aug 21 2008 // New York Insurance Superintendent Eric Dinallo said a revival of the defunct New York Insurance Exchange could happen as early as next year. Dinallo said the next 18 months was a “realistic horizon” to revive...
Obtaining Optimal Catastrophe Coverage
Aug 21 2008 // The complexity of the cat insurance market can make it difficult to keep pace with the coverage options. In the midst of hurricane season, insurance agents and brokers are reminded of the need for forward-thinking...
People
Aug 21 2008 // W.R. Berkley Corp. named William M. Rohde Jr. president of Acadia Insurance Co., succeeding Bill Thornton, who now is chairman of Berkley Regional Specialty Insurance Co. Walter E. Stradley remains president of Berkley...
Obtaining Optimal Catastrophe Coverage
Aug 21 2008 // The complexity of the cat insurance market can make it difficult to keep pace with the coverage options. The savvy wholesale broker keeps tabs on which surplus lines insurers have the appropriate capacity for In the midst...
Insurance Specialty Group Acquires E.L.M. Insurance Brokers
Aug 19 2008 // Insurance Specialty Group LLC has completed its acquisition and merger with E.L.M. Insurance Brokers Inc. of El Segundo, Calif. The company said the combined company will be a “$150 million marketing...
Access E&S Insurance Services Names Menegus Senior Broker
Aug 19 2008 // Access E&S Insurance Services of La Mesa, Calif., has named Mike Menegus senior broker, responsible for bringing in new agents and new business with an emphasis on professional lines including errors and omissions,...
American E&S Promotes Insurance Broker in San Francisco
Aug 18 2008 // American E&S Insurance Brokers appointed Vivian Plein to broker after five years with the company. She will focus on general liability and property coverages. Plein has 14 years of experience in the insurance industry.
S&P Releases New Lloyd’s Syndicate Financial Assessments
Aug 15 2008 // Standard & Poor’s Ratings Services has announced the results of its latest public information Lloyd’s Syndicate Assessment (LSA) review, which considered the 2007 syndicate financial statements and...
Lloyd’s Europe Manager Highlights Expansion Plans
Aug 8 2008 // In a recent interview, published on the Lloyd’s web site (www.lloyds.com), Enrico Bertagna, Regional Manager for Europe, discussed Lloyd’s present and future plans to expand the London Market’s...
Specialty Underwriters’ Alliance Reports 2nd Quarter Results
Aug 8 2008 // Chicago-based Specialty Underwriters’ Alliance, Inc. today aannounced financial results for the 2nd quarter ending June 30, 2008. Highlights include: — Net income for the second quarter of 2008 was $2.3...
Meadowbrook Insurance, ProCentury Corporation Close Merger
Aug 5 2008 // Meadowbrook Insurance Group, Inc., a specialty property and casualty insurance holding company based in Southfield, Michigan, announced today that the merger of ProCentury Corporation, a Columbus, Ohio-based specialty...
Insurance Specialty Group And Home Buyers Warranty Corp. Sign Five-Year Agreement
Aug 5 2008 // Insurance Specialty Group LLC and Home Buyers Warranty Corp. signed a five-year strategic alliance agreement for the marketing, underwriting and servicing of the Asset Protection Program (APP). Under the agreement, ISG...
People
Aug 4 2008 // Narragansett Bay Insurance Co. of Pawtucket, Rhode Island has named Mark Talerico chief risk officer. Talerico will oversee Narragansett’s distribution of risk in homeowners insurance, and guide the insurers exposure...
Surplus Market Snapshot: Business Rides the Market Tides
Aug 4 2008 // Some Lines of Business Down But Not All; More Large Firms Going Directly to Foreign Insurers The people who run the Florida Surplus Lines Service Office are smack dab in the middle of the action and can see better than...
Reducing the Risk in Florida Surplus Lines
Aug 4 2008 // Build Relationships, Advises FSLA Board Member O’Leary Like trapeze artists performing without a net, surplus lines specialists operate without the backing of the state guaranty fund, which picks up the pieces for...
What Retail Agents Need to Know to Access Florida Surplus Lines
Aug 4 2008 // 10 +1 Questions of Advice for Agents Thinking of Sticking Their Toes into Florida’s Surplus Lines Waters Gary Pullen, executive director, and the staff of the Florida Surplus Line Service Office supplied answers to...
People
Aug 4 2008 // Aon Re Global named Jan-Oliver Thofern CEO and chairman of its German subsidiary, Aon Ruck. Thofern was previously a member of the company’s executive committee. He succeeds Holger Gaserow, who plans to retire at the...
Lloyd’s Appoints Egan as First Country Manager for Ireland
Aug 1 2008 // Lloyd’s announced the appointment of Eamonn Egan as its first Country Manager for Ireland. He was formerly Regional Development Manager at ACE European Group, and will be assuming his new position at Lloyd’s...
Sierra Specialty Appointed Exclusive Underwriter for Topa Insurance Company’s Growers’ Service Insurance Program
Jul 31 2008 // Clovis, CA, July 31, 2008 – Topa Insurance Company, headquartered in Los Angeles, CA is an admitted property and casualty specialty insurer writing personal lines, commercial lines and programs. Topa has partnered...
Lloyd’s Analyzes Growing Coverage Problems of Insuring Vacant Property
Jul 29 2008 // In an article on its web site (www.lloyds.com), Lloyd’s looks at the increasing concerns over coverage for vacant properties. “As the economy worsens it’s expected that more and more businesses will fail,...
