Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Lloyd’s Raises Novae Syndicate Assessment To ‘2+’; Outlook Stable
Feb 20 2007 // Standard & Poor’s Ratings Services has raised its Lloyd’s Syndicate Assessment (LSA) on London-based Novae – Syndicate 2007 to ‘2+’ from ‘2’ and assigned a stable...
Indemnity Excess & Surplus Agency Expands Online Quoting System
Feb 15 2007 // Indemnity Excess & Surplus Agency has added two products to itsonline quoting facility: real estate agent errors and ommissions and condominium owner/tenant package. In addition to the new real estate agents E&O...
Surplus Lines and Reinsurance Reform Legislation Reintroduced in Congress
Feb 15 2007 // Federal legislation that would establish national standards for state regulation of the surplus lines and reinsurance markets made its second appearance into Congress today. Rep. Ginny Brown-Waite, R-Fla., and Rep. Dennis...
Guy Carpenter Makes Management Changes
Feb 13 2007 // Guy Carpenter & Company, LLC, the risk and reinsurance specialist of the Marsh & McLennan Companies, has announced a number of changes to its executive leadership teams in North America, the United Kingdom and...
New Wholesale Broker, Camford National, Opens in N.J.
Feb 13 2007 // Lebanon, N.J.-based Camford National Insurance Brokers LLC, has opened as a specialty lines wholesale insurance brokerage serving property/casualty agents and brokers both nationally and internationally. Camford National...
Lloyd’s climbs on the climate change bandwagon
Feb 12 2007 // There’s little doubt that the world is getting warmer. But this raises more questions. To what extent are greenhouse gasses, particularly CO2, responsible? Will the warming trend continue? Are there any effective...
Lloyd’s climbs on the climate change bandwagon
Feb 11 2007 // There’s little doubt that the world is getting warmer. But this raises more questions. To what extent are greenhouse gasses, particularly CO2, responsible? Will the warming trend continue? Are there any effective...
Prime Authorized to Write Surplus Lines in La., Texas
Feb 9 2007 // Prime Holdings Insurance Services Inc. announced that its subsidiary, Prime Insurance Company has received approval to write surplus lines business in Louisiana as of Jan. 24, 2007, and Texas effective Feb. 1. Prime,...
Prime Authorized to Write Surplus Lines in Texas
Feb 8 2007 // Chicago, Illinois and Salt Lake City, Utah – Prime Holdings Insurance Services, Inc. (“Prime Holdings”) announced that its subsidiary, Prime Insurance Company (“Prime”), received approval to...
Council of Lloyd’s Confirms Member Appointments
Feb 7 2007 //
Electronic Trading/Processing Surges at Lloyd’s
Feb 5 2007 // “A quarter of all premium transactions in the London market are expected to be handled electronically by the end of the month,” said a recent bulletin on the Lloyd’s web site (www.llloyds.com). The...
Axiom Specialty Offers New E&S Market in Calif.
Feb 5 2007 // Axiom Specialty Insurance Services based in Victorville, Calif., has a new E&S market for small and medium commercial package available in California. The market will enable the company to offer property, general...
Calif. Surplus Lines Association Elects Norton Chairman
Feb 2 2007 // The members of the Surplus Line Association of California (SLA) unanimously elected Ceil Norton as their Chairman during the SLA Annual meeting held Jan. 23 in San Francisco and Jan. 25 in Beverly Hills, Calif. Norton is...
California Surplus Line Premiums Top $6 Billion
Jan 31 2007 // The Surplus Line Association of California (SLA) has released its analysis of annual filed premium, which indicates that $6.02 billion in California surplus line insurance premiums were processed in calendar year 2006. The...
Group Urges Legislators to Reintroduce Surplus Lines Reform Bill
Jan 31 2007 // National Association Professional Surplus Lines Offices is urging members of the House Financial Services Committee and Senate Committee on Banking, Housing and Urban Affairs to enact the surplus lines and reinsurance...
S&P Publishes Lloyd’s Syndicate Review
Jan 29 2007 // Standard & Poor’s Ratings Services reported that it has preliminarily reviewed its Lloyd’s Syndicate Assessment (LSA) coverage for 2007. S&P said it will “undertake a full review of the LSAs...
Bank of America Expands U.S. Insurance Operation with Lloyd’s
Jan 29 2007 // BA International Underwriters Ltd, a wholly-owned subsidiary of Banc of America Insurance Group, in conjunction with Lloyd’s of London, has established the Pembrace Casualty Insurance Syndicate to expand Bank of...
Sea of opportunity in the ocean marine market
Jan 29 2007 // Agents should know that coverage is often overlooked because most general policies exclude vessels and boats How big is the United States ocean marine marketplace? The U.S. ocean marine market is quite large and diverse;...
Private equity market bullish on E&S brokers
Jan 29 2007 // By mid-November more than $500 billion in private equity transactions had occurred in 2006, $100 billion in Oct. 2006 alone, according to Andrew Rosen, a partner with private equity firm HM Capital Partners. Dallas-based...
Excess, Surplus & Specialty Markets
Jan 28 2007 // N18 2007 Excess, Surplus & Specialty Market Directory, Vol. 1 132 Coping with catastrophe Ten things agents and brokers can do to help clients obtain adequate cat coverage
