Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Lloyd’s Head of Exposure Management Calls for ‘Open Source’ Models
Oct 19 2006 // In an address to the 20th Annual International Reinsurance Congress in Bermuda, Lloyd’s Head of Exposure Management, Paul Nunn, suggested that the time was right for the industry to develop the concept of “open...
GOP Attempt to Call Special Session in La. Faces Hurdles
Oct 18 2006 // Republican state lawmakers face steep hurdles in their attempts to call the Louisiana Legislature into special session early next month an attempt to sidestep Democratic Gov. Kathleen Blanco, who they say is moving too...
HRH Appoints Leader of E&S Operations
Oct 17 2006 // Hilb Rogal & Hobbs has appointed Bob Abramson the new leader of its national exces and surplus lines operations. He began his surplus lines career in 1977 with Bliss & Glennon Inc. After earning a CPCU and...
La. Gov. Runs Into Opposition for Insurance Rate Relief Plan
Oct 16 2006 // Opposition began lining up almost as soon as Louisiana Gov. Kathleen Blanco announced her plan to bail out the state-run property insurance company, which is financially strapped after last year’s...
Prime Holdings Launches New Excess and Surplus Lines Company
Oct 12 2006 // Prime Holdings Insurance Services Inc. announced that its subsidiary, Prime Insurance Co., a new surplus lines insurance company funded with a cash infusion of $16 million in May, has received an A. M. Best...
Breeding the next generation through internships
Oct 9 2006 // In cooperation with insurance industry partners, universities across the nation are helping to cultivate the next generation of risk managers and actuarial scientists through insurance internship programs. As an example,...
The Future for Agents’ E & O
Oct 9 2006 // David Duncan of David C. Duncan Insurance Services in Rancho Santa Margarita, Calif., is worried about whether and how much the cost of his agency errors and omissions insurance might go up next year. Duncan started his...
House passes surplus lines, reinsurance regulatory reform legislation
Oct 9 2006 // The U.S. House of Representatives passed legislation on Sept. 27 that would apply single-state regulation and uniform standards to the nonadmitted insurance and reinsurance marketplace. H.R. 5637, The Non-Admitted and...
Breeding the next generation through internships
Oct 9 2006 // In cooperation with insurance industry partners, universities across the nation are helping to cultivate the next generation of risk managers and actuarial scientists through insurance internship programs. As an example,...
News Currents
Oct 9 2006 // House passes surplus lines, reinsurance regulatory reform legislation The U.S. House of Representatives passed legislation on Sept. 27 that would apply single-state regulation and uniform standards to the nonadmitted...
The Future for Agents’ E&O
Oct 9 2006 // David Duncan of David C. Duncan Insurance Services in Rancho Santa Margarita, Calif., is worried about whether and how much the cost of his agency errors and omissions insurance might go up next year. Duncan started his...
Lloyd’s CEO Gives CII Keynote Speech
Oct 6 2006 // Richard Ward, in his first major speech since becoming Lloyd’s CEO, opened the U.K.’s Chartered Insurance Institute’s (CII) annual conference in Glasgow yesterday Oct. 5 with a discussion of the...
Lloyd’s Updating Rules for ‘Names’
Oct 5 2006 // Until 1994, i.e. for over 300 years, “Names,” or individual wealthy investors were Lloyd’s source of capital to back its underwriting syndicates. The introduction of corporate capital changed that...
Middlesex Mutual, Holyoke Mutual Launch Joint Brand: MiddleOak
Oct 5 2006 // Holyoke Mutual Insurance Company, founded in 1843, and Middlesex Mutual Assurance Company, established in 1836, are writing another chapter in their history book with the announcement of their new group brand name:...
Specialty Risk Services Workers’ Comp Network Certified for Texas
Oct 4 2006 // Specialty Risk Services, LLC (SRS) announced the certification of its Texas Workers’ Compensation Health Care Network by the Texas Department of Insurance. The company will begin offering the new network to all...
Praetorian Completes Acquisition of Specialty Insurer Alea
Oct 2 2006 // Praetorian Financial Group, Inc., itself a specialty insurer, said it has completed the acquisition of Alea North America Specialty Insurance Company (ANASIC), which following regulatory approval will be renamed Praetorian...
P/C Insurers’ Profitability Drops in First-Half of 2006
Oct 2 2006 // The U.S. property/casualty insurance industry’s net income after taxes fell 9.3 percent to $28.3 billion in first-half 2006 from $31.2 billion in first-half 2005 as investment results deteriorated. Reflecting the...
Top Graduates Honored for Surplus Lines Designation
Sep 29 2006 // The National Association of Professional Surplus Lines Offices (NAPSLO) recognized the top four graduates of the Associate in Surplus Lines Insurance (ASLI) program at its annual convention on Sept. 15, 2006, in Chicago,...
Starr Forms New Lloyd’s Syndicate
Sep 29 2006 // Pending regulatory approvals, Lloyd’s 66th syndicate will start trading next month. Syndicate 1919, which has already received Lloyd’s approval, plans to begin underwriting on October 1st. The new syndicate,...
N.J. Agents Oppose Surplus Lines Commission Disclosure Proposal
Sep 29 2006 // Agents in New Jersey are protesting a state proposal to require originating brokers making surplus lines placements to tell insureds they will receive a portion of the commission. The Professional Insurance Agents of New...
