Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
American E&S Insurance Brokers Names Smithson Executive Vice President
Mar 17 2006 // American E&S Insurance Brokers, a wholesaler, has named Stephanie J. Smithson executive vice president-branch manager in its San Francisco office. Smithson joined American E&S in 2003 as a broker and most...
Best Affirms FSR for Lloyd’s Syndicate 609; Outlook is Stable
Mar 16 2006 // A.M. Best Co. has affirmed the financial strength rating of A (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 609 (United Kingdom), which is managed by Atrium Underwriters...
HCC Closes Minority Stake in Lloyd’s Heritage Underwriting Agency
Mar 15 2006 // HCC Insurance Holdings Inc., headquartered in Houston, Texas, reported it has received regulatory and Lloyd’s of London approval to its previously announced acquisition of 23.6 percent shareholding in Heritage...
Omni Whittington Announces Final Closure of Lloyd’s Syndicate 1224
Mar 14 2006 // The U.K.’s Omni Whittington has confirmed that its managed Syndicate 1224 has been reinsured to close into Syndicate 1084 effective December 31, 2005. “Syndicate 1224 commenced trading in 1997 and ceased...
Best Affirms Lloyd’s Synd. 958 Ratings
Mar 10 2006 // A.M. Best Co. announced that it has affirmed its Syndicate Rating of “A” (Excellent) and the issuer credit rating of “a+” of Lloyd’s Syndicate 958 with a stable outlook. “The ratings...
Lloyd’s Welcomes NAIC Review of U. S. Collateral Requirements
Mar 10 2006 // Lloyd’s Chairman Lord Peter Levene may finally get his wish, as U.S. insurance regulators have instructed a National Association of Insurance Commissioners (NAIC) task force to examine options for a reform of the...
U.K.’s Catlin Group Appoints Banas President, CEO of New U.S. Company
Mar 10 2006 // The U.K.’s Catlin Group reported from its Bermuda operations center that Richard Banas has been appointed as president and CEO of Catlin Inc., the Group’s new U.S. subsidiary. “Rich Banas will be...
QualCorp, Inc. Unveils QueryPlus Reporting Tool at AAMGA Annual Meeting
Mar 9 2006 // QueryPlus is a reporting tool that reads every database you operate on your LAN/WAN simultaneously and in real time. Regardless of location or size of your database! QualCorp, Inc., located in booth number 24, will have a...
Hannover Re Reorganizing U.S. Business with Praetorian Launch; S&P Ratings and Comments
Mar 8 2006 // Germany’s Hannover Re has announced a fundamental restructuring its U.S. primary insurance business. “All specialty business – henceforth the strategic focus – is to be transferred to the newly...
Roach Named BISYS Specialty Programs Vice President
Mar 8 2006 // Lynwood “Lynn” Roach has been named vice president and program manager, to head the new towing and recovery program just announced by BISYS Specialty Programs in Melbourne, Fla. Roach is working from a...
Ward is New Lloyd’s CEO
Mar 7 2006 // Lloyd’s has selected Richard Ward, former head of the London-based International Petroleum Exchange (IPE) as its new CEO. Announcing the appointment, Lloyd’s Chairman Lord Peter Levene commented: “I am...
Freberg Environmental Launches Excess Auto Liability Program
Mar 7 2006 // Environmental Insurance Program Manager, Freberg Environmental, Inc. (FEI) has launched an excess automobile liability program with an A.M. Best rated “A VIII” domestic insurance company. The excess auto...
M.E. James Surplus Lines Names Chang Underwriter
Mar 7 2006 // M.E. James Surplus Lines Insurance Brokerage Inc. has hired Scott Chang as an underwriter in the new Los Angeles-based office. Chang began his insurance career in 1989 at Singer Insurance, an managing general agent in...
Best Affirms FSR for Lloyd’s Syndicate 1225; Outlook is Stable
Mar 6 2006 // A.M. Best Co. has affirmed the Best’s Syndicate Rating of A (Excellent) and issuer credit rating (ICR) of “a” of Lloyd’s Syndicate 1225 (United Kingdom), which is managed by AEGIS Managing Agency...
AIG severs ties with C.V. Starr; expands global energy unit, forms new unit
Mar 6 2006 // American International Group Inc. announced that its AIG Companies terminated the agency relationship with Starr Technical Risks Agency Inc. and its subsidiaries (Starr Tech), insurance agencies owned by C.V. Starr &...
LLOYD’S SAYS THE CYCLE IS STILL A CONCERN
Mar 6 2006 // According to Lloyd’s newly released annual underwriter survey, managing the “boom and bust” insurance cycle remains the most important challenge facing the global industry for the second year running. The...
Lord Levene Answers Questions after Bermuda Conference
Mar 1 2006 // Following last week’s World Insurance Forum in Bermuda, Lloyd’s chairman Lord Peter Levene undertook to give his answers to some important questions in a Q&A format on the Lloyd’s Website...
Lloyd’s Honors Edwards of HRH, Eyre of Towers Perrin
Mar 1 2006 // Lloyd’s announced that it has honored Garry Edwards of Hilb Rogal & Hobbs as U.S. Surplus Lines Broker of the Year and William H. Eyre, Jr. of Towers Perrin as Reinsurance Broker of the Year, “for their...
Lloyd’s Solidifies Global Commercial Specialist Presence
Feb 27 2006 // In a recently issued bulletin Lloyd’s said it has “reaffirmed its position as the world’s leading specialist insurer with new figures that reveal the global spread of its business in...
AIG Forms Specialty Excess Unit to Handle C.V. Starr, Other Business
Feb 27 2006 // The AIG Companies have formed AIG Specialty Excess, an umbrella and excess casualty underwriting unit that the company says will concentrate on insuring specialty and difficult-to-place classes of business including...
