Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Lloyd’s 2007 Results; +$7.6 Billion
Apr 3 2008 // Lloyd’s announced a pre-tax profit of £3.846 billion ($7.622 billion) for 2007, compared to £3.662 billion ($7.26 billion) in 2006. Gross written premiums were down slightly at £16.366 billion ($32.346 billion)...
Argo Makes Offer for Lloyd’s Heritage; Conference Today; Best Comments
Apr 3 2008 // The Bermuda-based Argo Group International Holdings has made an offer to acquire Heritage Underwriting Agency, Plc, a successful Lloyd’s insurer. The transaction is subject to “relevant legal and regulatory...
Monarch E&S Hires Commercial Underwriter, Names Head of Fresno Office
Apr 3 2008 // California-based Monarch E&S Insurance Services announced the return of Dina Dryden as a senior commercial underwriter for the Property & Casualty Department. She will work from the San Diego office and will be...
Liberty Mutual Launches Specialty Products Group
Apr 3 2008 // Liberty Mutual Agency Markets has announced a new product line and distribution channel for its newly-created Specialty Products Group, which has been formed by the consolidation of Liberty Mutual Surety, the former Ohio...
American E&S Acquires Network E&S’ Brokerage Business
Apr 1 2008 // American E&S Insurance Brokers of San Francisco has acquired Network E&S’ brokerage book of business. Network E&S, a California-based wholesale broker, has agreed to sell the renewal rights of its...
2008 Aviation Outlook Unclear
Mar 31 2008 // Capacity for aviation coverage appears to be increasing, but, as claims are also on the rise, the outlook for the year ahead is not one that is easy to predict. Aon aviation industry analyst, Magnus Allan, commented...
Aspen Starts New Lloyd’s Syndicate
Mar 31 2008 // Aspen Insurance Holdings Limited has received approval from Lloyd’s to establish a new Lloyd’s Syndicate. Designated Syndicate 4711 with the pseudonym of “ASP,” it will commence underwriting from...
American E&S Appoints Broker in San Diego
Mar 31 2008 // Marjie Amick, a 24-year industry veteran, will join American E&S Insurance Brokers’ Carlsbad, Calif., branch. Most recently, Amick was with Monarch E&S Insurance Brokers in San Diego. Her book of business...
Lloyd’s Appoints Janusz First Polish Rep
Mar 27 2008 // Lloyd’s has appointed Witold Janusz as its first representative for Poland. “His primary role will be working on the process of gaining a full establishment license for Lloyd’s in Poland,” said the...
Chartwell Adds E&S Casualty Division to Arizona Office
Mar 27 2008 // Chartwell Independent Insurance Brokers LLC, a wholesale and specialty insurance broker focusing on high-risk, hard-to-place coverage, announced that it has added an Excess & Surplus (E&S) Casualty Division to...
Allied World Names Germano for Specialty Lines
Mar 25 2008 // Bermuda’s Allied World Assurance Company Holdings has announced the appointment of Todd Germano as Senior Vice President, Specialty Insurance of Allied World U.S. He will be responsible for developing new products...
People
Mar 24 2008 // The Hartford’s Chief Financial Officer David M. Johnson plans to step down later this year. He has served as the company’s top financial officer since 2001, and will remain in the position until a successor is...
Climate Change Under World Spotlight
Mar 24 2008 // Swiss Re’s latest sigma study on natural catastrophes and man-made disasters in 2007 concludes that they killed over 20,000 people and cost the insurance industry $70 billion, $28 billion related to property claims....
McClelland Joins American E&S Brokers as Senior Broker
Mar 20 2008 // American E&S Brokers of California Inc. of Irvine, Calif., has named Barbara McClelland a senior broker-casualty and property surplus lines. She will specialize in construction, environmental and products liability....
Former La. Lawmaker: Restitution Cash from Insurance Co. Liquidation
Mar 20 2008 // Former Louisiana Senate president Michael O’Keefe, serving 19.5 years for stealing from a failed medical malpractice insurance company, said he and his codefendants plan to pay $4.7 million in restitution by using...
And Now – ‘Nose’ Insurance from Lloyd’s
Mar 19 2008 // A rose is a rose and a nose is a nose, but very few noses are valued at €5 million ($7.8 million). However, if you’re in the wine business, being able to “taste/smell” the wine you’re producing is...
Max Cap to Buy U.S. Admitted Insurer
Mar 17 2008 // Max Specialty Insurance Company, of Richmond, Virginia, the U.S. excess and surplus lines unit of the Bermuda-based Max Capital Group Ltd., announced that it has agreed to acquire a U.S.-based admitted insurance company...
Lloyd’s on ‘Cyber Risks’
Mar 14 2008 // Tom Sheffield, Technical Director at Aon, pointed out that businesses are typically at ease with physical security systems, but when it comes to online matters there appears to be a lack of knowledge. Companies must think...
Coastlines at Risk from Increased Development
Mar 12 2008 // As more and more of the world’s population moves closer to the sea, the coastal developments being constructed to accommodate the migration raise growing concerns about coastal erosion. That’s the message in an...
Pennsylvania Surplus Lines Association 26th Annual Meeting
Mar 11 2008 // All members of the insurance community are invited to attend the Pennsylvania Surplus Lines Association’s 26th Annual Membership Meeting on April 9-10, 2008 at the Pittsburgh Marriott City Center Hotel in Pittsburgh,...
