Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Specialty Risk Associates Adds Suhy, Wood
Mar 28 2007 // Specialty Risk Associates Inc., based in Shreveport, La., has added two new employees to its team, Kathleen Suhy and David Wood. Kathleen Suhy joined the company as a personal lines underwriter. Suhy previously worked for...
London Looks for ‘Best Marine Talent ‘
Mar 27 2007 // Lloyd’s and the London markets are about to launch a new campaign “to encourage the brightest young talent in the marine market to play a role in shaping its future.” The Lloyd’s Market Association...
Max Re Approved to Acquire, Operate U.S. E&S Company
Mar 27 2007 // Bermuda-based Max Re Capital Ltd. announced that it has received regulatory approval from the Delaware Department of Insurance to acquire a U.S.-based excess and surplus lines company. Max Re (which is also in the process...
Top 10 myths of D&O liability insurance
Mar 26 2007 // Squelching frequent misconceptions of this valuable protection. In today’s soft directors and officers market, the importance of a long term approach can often be lost in the process of securing coverage. However,...
People
Mar 26 2007 // Louisiana Workers’ Compensation Corporation (LWCC) hired William B. Bangs IV as vice president of agency relations. In this position, Bangs will plan, direct and coordinate agency relations with insurance agents...
Top 10 myths of D&O liability insurance
Mar 26 2007 // In today’s soft directors and officers market, the importance of a long term approach can often be lost in the process of securing coverage. However, history has proven in the past 15-plus years that the D&O...
Top 10 ways for California surplus line brokers to avoid E&O exposures
Mar 26 2007 // Editor’s note: Although this article is geared toward California surplus line brokers, with small variations the same advice may be of help to surplus line and retail brokers in other states. Surplus line brokers...
New insurer caters PUREly to Florida’s wealthiest residents
Mar 26 2007 // Florida’s wealthy residents have a new personal lines insurer promising to save them money on premiums. The company will sell property/casualty insurance for high value homes, cars, jewelry, art, and personal excess...
Top 10 ways for California surplus line brokers to avoid E&O exposures
Mar 26 2007 // Editor’s note: Although this article is geared toward California surplus line brokers, with small variations the same advice may be of help to surplus line and retail brokers in other states. Surplus line brokers...
Lloyd’s Underwriter Survey Again Puts ‘Managing the Cycle’ as Chief Concern
Mar 23 2007 // “For the third year running, underwriters in the Lloyd’s market have identified managing the cycle as the most important challenge for the industry, and over two-thirds believe that the industry has made some...
Fireman’s Fund Offers Optional Endorsement to Excess Policy Nonprofits Coverage
Mar 22 2007 // Novato, Calif.-based Fireman’s Fund Insurance Co. has launched a new optional endorsement available to Prestige Excess policyholders, increasing liability coverage for directors and officers of nonprofit...
Trinity E&S Insurance Services Enhances Artisans and Contractors Program
Mar 22 2007 // Trinity E&S Insurance Services Inc., Bermuda Dunes, Calif., has enhanced its artisans and contractors program written in California, Nevada, Arizona, Oregon and Washington to include several coverage enhancements. The...
Ark Syndicate Is Newest Lloyd’s MGA
Mar 20 2007 // Ark Syndicate Management opened for business as Lloyd’s newest managing agency. Ark will assume the management of Syndicate 4020 with a 2007 capacity of £114 million ($222 million). The new Syndicate “will...
Bay Area Man Sentenced for Selling Fake Policies
Mar 15 2007 // A former insurance broker/agent has been sentenced to 10 years in prison for the sale of approximately $6 million worth of fake insurance policies the broker falsely claimed were underwritten by Lloyd’s of London,...
Insurer Argonaut, Reinsurer PXRE to Merge, Forming Argo Group
Mar 15 2007 // Argonaut Group, Inc., a specialty underwriter, and PXRE Group Ltd., a Bermuda-based property reinsurer, have agreed to a merger under which the combined entity will do business as Argo Group International Holdings...
Lloyd’s Chairman Revues Asia’s Growth Prospects in Singapore Speech
Mar 12 2007 // Lord Peter Levene, Chairman of Lloyd’s, reminded an appreciative audience in Singapore that “Asia is an exciting place to be right now. Its expertise and knowledge, combined with its vast population and low...
The impact of contingent commissions on independent agencies
Mar 12 2007 // How much do independent agencies rely on contingency income and could they survive without it? Debate continues in the insurance industry regarding the future of contingent income. Any drastic changes in the current...
People
Mar 12 2007 // Markel Insurance Co. named Thomas K. “Smitty” Smith vice president of marketing. Smith joins Markel after three years as senior vice president and managing director of the Richmond, Va., branch of Riggs,...
The impact of contingent commissions on independent agencies
Mar 12 2007 // Debate continues in the insurance industry regarding the future of contingent income. Any drastic changes in the current compensation structure would have far-reaching effects throughout the industry and would impact...
Western Security Surplus Promotes Clinton to Broker
Mar 9 2007 // Pasadena, Calif.-based Western Security Surplus Insurance Brokers, Inc. has promoted Wendy M. Clinton to broker and will continue to work out of the Orange County office. She began her job as a receptionist at the Pasadena...
