Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
People
Sep 24 2007 // The National Association of Professional Surplus Lines Offices has named its officers and directors for the 2007-2008 term. The new NAPSLO president is Mary Ellen Rozzell, who is with Continental/Marmorstein & Malone...
People
Sep 24 2007 // The National Association of Professional Surplus Lines Offices selected officers and directors for the trade association’s 2007-2008 term. The new officers are: President – Mary Ellen Rozzell,...
Lloyd’s America’s Baker: Time for action on climate change is now
Sep 24 2007 // For an insurer, understanding climate change is a matter of understanding trends in risk and changes in those trends. For Wendy Baker, president of Lloyd’s America Inc., staying on top of those trends in the United...
Surplus Lines Rules Clarified for Calif. Retail Agents
Sep 24 2007 // California retail agent-brokers not transacting insurance on behalf of surplus line broker organizations are not required to follow a new law affecting surplus lines brokers, the California Department of Insurance...
Ariel Acquiring Zurich’s Valiant for Launch of U.S. Specialty Carrier
Sep 20 2007 // Bermuda-based Ariel Holdings Ltd. reports it will acquire Valiant Insurance Co. from Zurich North America Commercial Group. Ariel Holdings Ltd. said it has established a U.S. based insurance holding company, Valiant...
Olin Joins Specialty Broker Ames & Gough as National Marketing Director
Sep 20 2007 // Ames & Gough, a specialty insurance broker focused on serving architects, engineers, contractors, and law firms, has named Meike Olin as its first national marketing director. In addition to overseeing the publication...
Lloyd’s Comments on Rugby World Cup Insurance Coverage
Sep 20 2007 // Even though the U.S. has a team – The Eagles – in the finals of the Rugby World Cup, the event doesn’t exactly get the same press coverage as the Super Bowl or the World Series. Nonetheless for the 20...
Wis. Capitol Launches New Specialty Markets Division
Sep 18 2007 // Middleton, Wis.-based Capitol today announced the formation of its new Specialty Markets Division. The focus of the division will be specialty property and casualty insurance programs throughout the U. S. The division will...
Lloyd’s MGA Joins China Platform
Sep 17 2007 // S.A. Meacock and Co. is the most recent Managing General Agent to join Lloyd’s rapidly-growing China platform, bringing the total to 11. Ian Faragher, Managing Director of Lloyd’s China Re, observed that the...
Lloyd’s Signs on to ‘ClimateWise’
Sep 14 2007 // Lloyd’s announced that it is joining a number of leading insurers, reinsurers and brokers in signing on to the “ClimateWise principles.” Lloyd’s described the initiative as a “major...
OneBeacon Pro, Rockwood Step into E&S Podiatrist Malpractice Market
Sep 12 2007 // OneBeacon Professional Partners will begin offering medical malpractice coverage tailored for podiatric physicians. The product will be offered on an excess and surplus basis, with limits available up to $1 million/$3...
Guy Carpenter Publishes New Lloyd’s Market Report
Sep 11 2007 // Guy Carpenter & Company, LLC has released “The Lloyd’s Market in 2007,” its fifth annual review of Lloyd’s financial and operational performance. Overall Lloyd’s is probably in the...
NAPSLO Names New Officer Nominees
Sep 11 2007 // The National Association of Professional Surplus Lines Offices has named its proposed slate of officers and directors for the trade association’s 2007-2008 term. Nominated for officer positions were: * President...
Excess Line Association of N.Y. Names Nunziata to Head Education
Sep 10 2007 // The Excess Line Association of New York (ELANY) has appointed Gene Nunziata as education and communications director. Nunziata will be responsible for membership communication and will direct education and training...
Lloyd’s Dinner Features Lord Levene, NATO Head on Global Concerns
Sep 7 2007 // Lloyd’s held its fifth “Annual City Dinner” on Wednesday night, Sept. 5. A cross section of business and government leaders in attendance heard from Lloyd’s Chairman Lord Levene and the Secretary...
Endurance Specialty to Acquire Crop Insurer ARMTech
Sep 7 2007 // Endurance Specialty Holdings Ltd., a Bermuda-based provider of property and casualty insurance and reinsurance, reports that one of its U.S. based holding companies is buying out ARMtech Insurance Services, Inc. and its...
Arrowhead Introduces Specialty Contractors Program in Texas
Sep 5 2007 // San Diego, Calif.-based Arrowhead General Insurance Agency Inc. announced the expansion of their Texas product portfolio to include a specialty contractors program offering monoline general liability coverages. The company...
Best Downgrades Lloyd’s Syndicate 1414 Ratings
Sep 4 2007 // A.M. Best Co. has downgraded the its Syndicate Rating to “A” (Excellent) from “A+” (Superior) and the issuer credit rating (ICR) to “a+” from “aa-” of Lloyd’s Syndicate...
Court to Hear Suit Challenging State’s Raid on Miss. Surplus Lines Fund
Sep 4 2007 // The 5th U.S. Circuit Court of Appeals in Jackson, Miss. will hear arguments Oct. 1 about whether the Mississippi Legislature unconstitutionally raided an insurance fund in 2004 to balance the state budget. The Mississippi...
Agency Specialty Forms Alliance with Midwest Employers Casualty
Aug 31 2007 // Agency Specialty Product Network (ASPN) has announced it has formed an alliance with Midwest Employers Casualty Co. (MECC), based in Chesterfield, Mo., to offer large deductible workers’ compensation programs (single...
