Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
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...
Lloyd’s Underwriter Survey; ‘Cycle’ Remains Primary Concern
Feb 22 2006 // According to Lloyd’s newly released annual underwriter survey, “managing the insurance cycle as the most important challenge facing the global industry for the second year running.” The survey also found...
Law repealing surplus lines bond in effect
Feb 20 2006 // A law eliminating the surplus lines bond that Texas surplus agents formerly had to carry became effective Jan. 1, 2006, the Surplus Lines Stamping Office of Texas (SLSOT) has reported. The Texas Legislature in 2005 passed...
California Surplus Line Association elects new officers
Feb 20 2006 // The Surplus Line Association of California’s (SLA) elected new officers at its Annual Meeting held in Northern California on Jan. 24 and in Southern California on Jan. 26, 2006. New officers include: chairman –...
Excess and surplus lines wholesalers see a steady wave of growth in 2006
Feb 20 2006 // Excess and surplus lines experts expect to see steady premium growth in 2006, with commercial property and contractors business leading the way, according to an exclusive Insurance Journal survey. Nearly 85% of survey...
WHAT E&S BROKERS PAY
Feb 20 2006 // More than three-quarters (77%) of wholesalers and brokers said that firm salaries increased in 2005 compared to 2004. Nearly half (49%) of all E & S firms answering Insurance Journal’s survey reported paying...
What E&S brokers pay
Feb 19 2006 // More than three-quarters (77%) of wholesalers and brokers said that firm salaries increased in 2005 compared to 2004. Nearly half (49%) of all E&S firms ansering Insurance Journal’s survey reported paying their...
Special Report: E&S Snapshot Survey
Feb 19 2006 // Excess and surplus lines wholesalers see a steady wave of growth in 2006 Excess and surplus lines experts expect to see steady premium growth in 2006, with commercial property and contractors business leading the way,...
CNA Sees Q4 Net Loss of $217M
Feb 16 2006 // CNA Financial Corporation reported fourth quarter of 2005 results, which included the following items: * Net loss for the fourth quarter of 2005 of $217 million as compared with net income of $303 million for the same...
Council of Lloyd’s Notes Appointments
Feb 15 2006 // At its meeting today, Feb. 15, the Council of Lloyd’s announced the following appointments: – Lord Levene was re-appointed as Chairman of Lloyd’s; – Bronek Masojada, Chief Executive of Hiscox, was...
Specialty Broker Ames & Gough Names Knise President
Feb 15 2006 // Specialty broker Ames & Gough announced the election of Dan Knise as its new president and CEO. Knise was elected at the firm’s annual Board meeting after joining the firm as an equity partner in their McLean,...
Navigators Group Sees Record Q4
Feb 15 2006 // The Navigators Group Inc. reported net income of $15,310,000 or $0.96 per share for the 2005 fourth quarter based on 16,012,000 diluted shares compared to net income of $10,635,000 or $0.84 per share for the 2004 fourth...
Aon’s Agency Specialty Product Network Forms LifeSource Alliance
Feb 14 2006 // Agency Specialty Product Network has joined with LifeSource – a BISYS Company to provide independent property and casualty agents and brokers a “virtual” life insurance department to enhance sales,...
Moraitis Joins Network E&S Insurance Brokers as a Vice President
Feb 10 2006 // Network E&S Insurance Brokers LLC, a California-based wholesale broker, reported that Michael Moraitis has joined Network E&S Insurance Brokers, as a vice president – Casualty Broker in the Calabasas...
McLin Joins Specialty Risk Associates in Baton Rouge Office
Feb 8 2006 // Shreveport, La.-based Specialty Risk Associates announced that Amber McLin has joined the company as an underwriter at the Baton Rouge branch. She comes to Specialty Risk from a wholesale brokerage firm where she was an...
Lloyd’s Targets ‘Piracy Hot Spots’
Feb 8 2006 // The Piracy Reporting Centre at the International Maritime Bureau (IMB) has issued a new report that identifies a number of “piracy hot spots” that have “emerged over the past 12 months” where...
Network E&S Insurance Hires Gomez for Calif. Office
Feb 7 2006 // Network E&S Insurance Brokers LLC, a California based wholesale broker, has hired Matt Gomez as a casualty and property broker in the Calabasas office. He will concentrate on writing general liability/products,...
Best Affirms FSR for Lloyd’s Syndicate 958; Outlook Remains Stable
Feb 7 2006 // A.M. Best Co. has affirmed the Best’s Syndicate Rating of A (Excellent) and the issuer credit rating of “a+” of Lloyd’s Syndicate 958 (United Kingdom). The outlook for both ratings remains...
Surplus lines ready for some uncertainty
Feb 6 2006 // The surplus lines market remains alive, healthy and stable. Few argue with the success of this niche-based market, which has risen from 4 percent in 1984 to almost 15 percent of the insurance market in 2005. The National...
Surplus lines ready for some uncertainty
Feb 6 2006 // The surplus lines market remains alive, healthy and stable. Few argue with the success of this niche-based market, which has risen from 4 percent in 1984 to almost 15 percent of the insurance market in 2005. The National...
