Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
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...
Lloyd’s disconnects troubled Kinnect technology
Feb 6 2006 // Ultimately “all the King’s horses and all the King’s men” couldn’t put Kinnect together again. The King’s men in this case being the management of Lloyd’s, who have finally thrown...
What happens when the excess carrier goes under
Feb 6 2006 // Analysis of one typical large company’s 65 years of excess casualty programs turns up disturbing news. More than half of the 49 carriers that participated on this corporation’s excess programs are now insolvent...
D&O EXCESS LIMITS UP BUT PREMIUMS DOWN
Feb 6 2006 // Directors and officers liability insurance capacity leveled off at about $1.5 billion in 2005, about where it was in 2004, while coverage restrictions continued to ease, according to D&O Liability 2005 Survey...
6 Virginia’s new highway plan
Feb 5 2006 // Gov. Tim Keane explains why drivers will pay 6 N.J. looks back at claims-made Court allows policy where insured declined retroactive rider 6 Welders forge Maryland liability victory Pollution exclusion does not encompass...
People
Feb 5 2006 // Dianne Morris of Austin, Texas, has been elected president of the Association of Fire and Casualty Companies in Texas (AFACT) for 2006-2007. Morris is president of the Association Casualty Insurance Company. She succeeds...
E&S Market
Feb 5 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...
Lloyd’s disconnects troubled Kinnect technology
Feb 5 2006 // Ultimately “all the King’s horses and all the King’s men” couldn’t put Kinnect together again. The King’s men in this case being the management of Lloyd’s, who have finally thrown...
