Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Guy Carpenter Unveils Report on Jan. 1 Property Reinsurance Renewals
Jan 31 2006 // Guy Carpenter & Company Inc. reported the publication of Property Specialty Update – 1 January 2006 Renewal Season Overview, an in-depth report on the Jan. 1, 2006 property renewal season. The study, which...
Specialty Global Unveils Miscellaneous E&O Program with Everest
Jan 31 2006 // Specialty Global Insurance has launched its nationwide miscellaneous E&O program with Everest Indemnity Insurance Company, a member of the Everest Re Group Ltd. As Everest’s underwriting and claims manager for...
California Surplus Line Association Elects New Officers
Jan 31 2006 // The Surplus Line Association of California’s (SLA) elected new officers at its Annual Meeting held in Northern California on January 24 and in Southern California on Jan. 26, 2006. New officers include: chairman...
Brit’s Douetil to Head Lloyd’s Market Reform Group
Jan 30 2006 // Lloyd’s announced that Dane Douetil, Chief Executive of Brit Insurance Holdings PLC, has been appointed as the new head of the Market Reform Group (MRG), the body responsible for process reform and modernization in...
Mass. Economic Warning: Insurance Market Short on Capital
Jan 27 2006 // Massachusetts is facing a shortage of insurance capital that could jeopardize the state’s entire economy, especially if a major storm hits the metropolitan Boston area, the Commonwealth’s insurance regulator is...
Lloyd’s Leaders Participate in Davos Panel Discussion on Global Risks
Jan 27 2006 // The Lloyd’s delegation, currently attending the World Economic Forum in Davos, Switzerland, will be part of a panel discussion examining one of the “three main themes of the event -” the rise in global...
D&O Liability Premiums Fall for Second Straight Year, Tillinghast Survey Says
Jan 26 2006 // Directors and officers liability insurance average premium index dropped another 9 percent in 2005 after dropping 10 percent in 2004, while half of all public and private companies have received D&O inquiries from...
Lloyd’s Comments on Cat Models
Jan 26 2006 // “Catastrophe models are useful, but have their limits,” says a comment on the Lloyd’s Web site (www.lloyds.com). “That is the lesson learnt by the insurance industry following last year’s...
Hudson Adds Environmental Program to 50 States, D.C.
Jan 26 2006 // Hudson Programs, an operating division of Hudson Insurance Group, reported that their environmental insurance program is now available in all 50 states, plus the District of Columbia. The program is exclusively...
Fireman’s Fund Specialty Expands Freight Forwarders Program
Jan 26 2006 // Fireman’s Fund Insurance Company has introduced a new insurance package offering combinations of shippers interest, bailee, legal liability, and errors and omissions (E&O) coverages for freight forwarders. The...
RI3K Head Warns Lloyd’s of Need to Reform to Survive
Jan 26 2006 // In a speech to the Insurance Institute of London yesterday, Jan. 25, Alex Letts, the Chief Executive of RI3K Ltd. – the London-based provider of platform technology infrastructure for the reinsurance industry,...
The Hartford Sees Q4 2005 Net Income of $474 Million
Jan 26 2006 // The Hartford Financial Services Group Inc. reported fourth quarter 2005 net income of $474 million, or $1.53 per diluted share. The company’s net income reached $2.3 billion for the year, a new record for the...
Lloyd’s Announces Governing Council Election Results
Jan 24 2006 //
Lloyd’s Shuts Kinnect
Jan 24 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...
Specialty Global Unveils Travel Agents E&O Program
Jan 24 2006 // Specialty Global Insurance is launching a nationwide Travel Agents E&O program. The new program is designed for travel agents and tour operators with gross written receipts of $5,000,000 or more. Specialty Global...
Surplus Line Market: Speculations for 2006
Jan 23 2006 // AUTHOR: By Susan McKenna Experts agree. The surplus lines market remains alive, healthy and stable. Who can argue with the success of this niche-based market that has risen from 4 percent in 1984 to almost 15 percent of...
Surplus Lines Market: Speculation for 2006
Jan 23 2006 // Experts agree. The surplus lines market remains alive, healthy and stable. Who can argue with the success of this niche-based market that has risen from 4 percent in 1984 to almost 15 percent of the insurance market in...
Excess Liability Coverage
Jan 23 2006 // Nuts & Bolts: AIG Excess Casualty, a division of American Home Assurance Company, part of American International Group Inc., introduced xsInResponse, a new product that provides excess liability coverage for risks...
A seriously shaken reinsurance industry rebuilds
Jan 23 2006 // Although Katrina is long gone, the clouds of misfortune she and her sisters generated will linger for decades. They radiate well beyond Louisiana, Florida, Texas, Mississippi, Alabama and other regions into the heart of...
New entrants join race for surplus lines share
Jan 23 2006 // XL, Rockhill and GMAC RE jockey for market share with established surplus lines writers Katrina-sized catastrophes put added pressure on admitted carriers, which increases the demand for greater capacity in excess and...
