Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Lloyd’s Renews ‘Three-Year Plan’
Dec 13 2007 // Lloyd’s has published its new 2008 – 2010 Three-Year Plan, which aims to build on its past success. CEO Richard Ward praised the achievements of Lloyd’s to date but urged caution as market conditions...
Lloyd’s Comments on Florida Changing Reinsurance Collateral Rules
Dec 12 2007 // Lloyd’s Director & General Counsel Sean McGovern, called Florida’s decision to explore making changes in the collateral insurance requirements for foreign, or “alien,” reinsurers, such as...
Lloyd’s Nanotechnology Conference and Report Examines New Risks
Dec 11 2007 // Lloyd’s held its first ever seminar on nanotechnology on Monday, Dec. 10. The conference was organized in cooperation with the Lighthill Risk Network, (http://www.lighthillrisknetwork.org), a non-profit organization...
Campbell Joins Maverick Surplus Lines as Marketing/Sales Director
Dec 6 2007 // Toni Campbell is the new Marketing and Sales director for Dallas-based Maverick Surplus Lines Inc., a specialist in wholesale nonsubscriber program business and services. Campbell will be responsible for appointing new...
Chicago Specialty Underwriters Names New VP, Chief Underwriting Officer
Dec 4 2007 // Specialty Underwriters’ Alliance, Inc. (SUA) announced that Daniel Cacchione has been appointed as vice president and chief underwriting officer of Chicago-based SUA Insurance Co., the sole operating subsidiary of...
Tolle Rallies Lloyd’s Troops to ‘Stand Firm as Cycle Slips’
Nov 30 2007 // In an article on the Lloyd’s web site Franchise Performance Director Rolf Tolle noted that “Lloyd’s companies are demonstrating a strong commitment to managing the underwriting cycle as market conditions...
Trinity E&S Names Tanner Underwriter
Nov 27 2007 // Trinity E&S Insurance Services Inc. based in Bermuda Dunes, Calif., has named Phil Tanner an underwriter responsible for commercial lines. He will handle the territories of California, Nevada and Arizona.
Lloyd’s Conference to Address Opportunities/Risks of Nanotechnology
Nov 26 2007 // The insurance industry is normally concerned with the very large – hurricanes, earthquakes, fires, etc.- but there’s increasing awareness that it should also be concerned about the very small. Nanotechnology is...
Insurance Isn’t Dull, Says Kiln’s Creasy
Nov 19 2007 // Kiln’s Chief Executive Edward Creasy in his speech to the Insurance Institute of London (IIL) this week, sent a strong, and much needed message. As reported on the Lloyd’s web site (www.lloyds.com) , he said...
New Officers, Directors Elected at Texas Surplus Lines Assoc. Meeting
Nov 19 2007 // The Texas Surplus Lines Association Inc. elected new officers and directors at its 51st Annual Meeting held Nov. 12, 2007, at the Four Seasons Hotel in Austin: The new officers are: President Lana Parks, president of The...
American Vehicle Approved as Surplus Line Carrier in Calif.
Nov 15 2007 // Ft. Lauderdale, Fla.-based 21st Century Holding Co., an insurance holding company, announced that it’s subsidiary, American Vehicle Insurance Company, has received approval to begin writing commercial general...
Lloyd’s Reports on Chinese Market
Nov 13 2007 // Lloyd’s has released a research report on China’s rapidly developing insurance market, which it said “explores the key trends in the Chinese non-life insurance market and the opportunities they present...
Lloyd’s CEO Discusses ‘Mega-Trends, Insurance Industry’s Future
Nov 8 2007 // “The world is changing at an exponential rate but this is not something we should fear. It is something that we should embrace and be prepared for,” Lloyd’s CEO Richard Ward told his audience at the...
Lloyd’s Counsel Decries ‘Red Herring’ Objections to Collateral Reform
Nov 8 2007 // Sean McGovern, Lloyd’s Director and General Counsel, accused the opponents of reforming the U.S. collateral trust rules on reinsurance of introducing the “latest red herring” into the debate. In a...
Montpelier Re Completes U.S. Surplus Lines Acquisition
Nov 6 2007 // Bermuda-based Montpelier Re Holdings Ltd. announced that Montpelier US, its Hartford-based subsidiary, has completed the purchase of a US Excess & Surplus lines insurance company after receiving regulatory approval...
Lloyd’s Holds Conference on Terrorist Threats in New York
Nov 5 2007 // Threats from terrorists have become a subject nobody can ignore – least of all the insurance industry. To meet those threats requires knowing who the terrorists are and how they operate. Lloyd’s recent seminar...
People
Nov 4 2007 // Valiant Insurance Group Inc. announced that John N. DiBlanda has joined its U.S. property and casualty insurance operations as chief financial officer and chief operating officer. Prior to joining Valiant, DiBlanda served...
News Currents
Nov 4 2007 // Collateral conundrum: To change or not to change N.Y. steps out as first state to deliver level playing field for all reinsurers New York State Insurance Superintendent Eric Dinallo’s proposal that the highest rated...
News Currents
Nov 4 2007 // Catastrophic wildfires sweep across Southern California Industry estimates insured losses at more than $1.5 billion and rising Insured losses are continuing to accumulate from Southern California wildfires that burned in...
Endurance Q3 Net $131.4 Million
Nov 2 2007 // Bermuda’s Endurance Specialty Holdings Ltd. reported net income of $131.4 million and $1.81 per diluted common share for the third quarter of 2007 versus net income of $128.2 million and $1.74 per diluted common...
