Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
California Commissioner Says Insurers Earning “Excess Profits”
May 25 2006 // California Insurance Commissioner John Garamendi has released a new report on the profitability of homeowners and private passenger automobile insurance companies. According to the Commissioner’s office, “the...
S&P Rates Catlin’s Lloyd’s Syndicate ‘4-‘ (Low Dependency)
May 25 2006 // Standard & Poor’s Ratings Services has assigned its interactive Lloyd’s Syndicate Assessment (LSA) of ‘”-” (low dependency) to U.K.-based Catlin Underwriting Agencies – Syndicate...
Ward Pushes Lloyd’s Reform
May 23 2006 // A little less than a month after he assumed the position of Lloyd’s CEO, Richard Ward is proving to be the kind of hands on executive Lord Levene and other Lloyd’s managers wanted. His first major initiative...
ACE USA Launches Excess Casualty Corporate Risk Product
May 23 2006 // ACE USA, the U.S. based retail operating division of the ACE Group of Companies, has launched a new Excess Casualty Corporate Risk product. The ACE USA Excess Casualty Corporate Risk product offers umbrella liability...
Harnessing technology in the London insurance market
May 22 2006 // Kinnect is dead! Long live Kinnect! Although Lloyd’s long troubled IT project was consigned to the flames last January (See IJ Website Jan. 24), a number of IT phoenix have risen from its ashes. “I think 2006...
Fla. legislative package targets Citizens deficits, mitigation; establishes oversight policies
May 22 2006 // The hurricane insurance package passed by the Florida Legislature just before adjournment May 5 is the most significant property insurance bill since major legislation following Hurricane Andrew in the early 1990’s,...
People
May 22 2006 // Texas Mutual Insurance Company appointed Larry Wagner as its new vice president of underwriting. Wagner will serve as chief underwriting officer and will oversee loss prevention efforts. Wagner has 30 years of underwriting...
Harnessing technology in the London insurance market
May 22 2006 // Kinnect is dead! Long live Kinnect! Although Lloyd’s long troubled IT project was consigned to the flames last January (See IJ Website Jan. 24), a number of IT phoenix have risen from its ashes. “I think 2006...
Lloyd’s Releases 2005 Annual Report
May 17 2006 // Lloyd’s has released its official 2005 annual report. The package also contains a report from acting CEO Luke Savage, a statement from Lloyd’s Chairman Lord Peter Levene and a detailed breakdown of...
Navigators Expands Excess & Surplus Lines Business
May 17 2006 // Navigators Management Company, the principal underwriting agency subsidiary of The Navigators Group Inc., has established a new Primary Casualty Division to be based in Chicago. Christopher Day has joined Navigators as...
Liberty International Underwriters Opens Los Angeles Office
May 16 2006 // Responding to the increasing influx of business from the Southwest and Southern California, in particular, Boston-based Liberty International Underwriters, a division of Liberty Mutual Group, has opened a Los Angeles...
NAS Adds New Floater Coverage to its Excess and Surplus Property Facility
May 10 2006 // NAS Insurance Services Inc., Encino, Calif., has a new floater coverage program as part of its E&S property facility. The program (Equipment Floater – Fine Arts – Transit) features a $100,000 sublimit,...
Texas Surplus Lines Group Heads to Calif. for Mid-Year Meeting in July
May 10 2006 // The Texas Surplus Lines Association (TSLA) will be hosting its 2006 Mid-Year Meeting July 23-26 at the Four Seasons Aviara in Carlsbad, Calif. TSLA celebrates its 50th anniversary this year. Speakers scheduled for this...
Brunelle Joins Noodle Specialty Brokers
May 9 2006 // Lisa Brunelle, 43, has joined the Underwriting Department of Noodle Specialty Brokers (NSB), a division of InsuranceNoodle, as a vice president responsible for underwriting private company middle-market business. Prior to...
G.J. Sullivan Excess and Surplus Goes Online for Business Owners Policies/Commercial Auto Risks
May 9 2006 // G.J. Sullivan Co., Orange, Calif., has announced that agents in California and Arizona can now go online to www.gjsullivan.com to rate business owners policies and commercial auto risks 24 hours per day.. The online rating...
Mass. personal lines: a surplus of disagreement
May 8 2006 // Claims by Massachusetts regulators that the combined surplus of the insurers serving the state’s homeowners market is inadequate and that changing the auto system will help boost the homeowners market are untrue,...
Lloyd’s sees 1906 San Francisco earthquake as a turning point
May 8 2006 // One of the most significant natural disasters in U.S. history, the San Francisco earthquake of 1906, rolled to its centennial anniversary April 18, 2006. One hundred years ago in San Francisco, the Earth bounced and the...
Mass. personal lines: a surplus of disagreement
May 8 2006 // Claims by Massachusetts regulators that the combined surplus of the insurers serving the state’s homeowners market is inadequate and that changing the auto system will help boost the homeowners market are untrue,...
Lloyd’s sees 1906 San Francisco earthquake as a turning point
May 8 2006 // One of the most significant natural disasters in U.S. history, the San Francisco earthquake of 1906, rolled to its centennial anniversary April 18, 2006. One hundred years ago in San Francisco, the Earth bounced and the...
First Premium’s Harrington to Serve on La. Surplus Line Association Board
May 4 2006 // First Premium Insurance Group, based in Covington, La., announced that Debbie Harrington, a commercial underwriter for the company, was elected to serve on the Board of the Louisiana Surplus Lines Association (LSLA). In...
