Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Suit Filed in New Orleans Over Excess Flood Coverage
Nov 18 2005 // A pair of plastic surgeons in New Orleans, La., who are facing more than $1 million in uninsured home losses from Hurricane Katrina, are suing State Farm Insurance, claiming the company did not tell them they could have...
ASU International Changes Name to HCC Specialty Underwriters
Nov 18 2005 // ASU International Inc. (ASU), a specialty underwriting agency subsidiary of HCC Insurance Holdings Inc., has announced that it has changed its name to HCC Specialty Underwriters Inc. William F. Hubbard, CEO of HCC...
A.M. Best Assigns FSR for Darwin Group, Subsidiaries
Nov 16 2005 // A.M. Best Co. has assigned financial strength ratings (FSR) of A- (Excellent) and issuer credit ratings (ICR) of “a-” to the operating companies of Delaware-based Darwin Group Inc. (DGI), which consists of...
CNA E&S Appoints Noodle Specialty Brokers for Property/Liability Products
Nov 16 2005 // Noodle Specialty Brokers (NSB), a division of InsuranceNoodle (www.insurancenoodle.com), announced it has been appointed by CNA E&S to underwrite and distribute select products from the E&S division. CNA E&S...
AVRECO’s Deiss Voted Chairperson of Lloyd’s Brokers
Nov 15 2005 // The Association of Lloyd’s Brokers has named Linda Deiss, vice president and underwriting manager of AVRECO, chairperson of the association. Deiss will serve for one year, with appointment to the board for three...
Specialty Underwriters Report Q3 Loss
Nov 11 2005 // Specialty Underwriters’ Alliance, Inc. today reported a net loss of $4.8 million for the quarter ended Sept. 30, 2005. Total revenues were $9.1 million, comprised of earned insurance premiums of $8.2 million and...
Lloyd’s Receives Approval for Chinese Reinsurance Operation
Nov 10 2005 // Lloyd’s announced that it has been given the green light to establish an on-shore reinsurance operation in China. “The on-shore license will give Lloyd’s an important strategic foothold in one of the...
Disaster Claims and the Ripple Effect
Nov 7 2005 // Hurricane Katrina has long gone, but the aftereffects of the mighty storm are likely to linger for a very long time. Rita and Wilma have compounded the mess. The direct losses are staggering. The latest preliminary figures...
International Newsbriefs
Nov 7 2005 // Asian Quake Death Toll Over 50,000: The 7.6 magnitude earthquake that struck near Muzaffarabad in Pakistan-administered Kashmir on Oct. 8 killed over 50,000 people in the country. Another 1,400 died on the Indian side of...
How to Write the Diverse Business of Lawyers Professional Liability
Nov 7 2005 // Managing the risk of lawsuits against lawyers. With more than a quarter million law firms in the United States, the lawyers’ professional liability market represents a huge opportunity for retail agents and wholesale...
To submit a People and Places announcement, e-mail ptom@insurance journal.com
Nov 6 2005 // ACE USA announced two appointments in its ACE Casualty Risk Unit. William Hazelton has joined as senior vice president and underwriting manager for ACE Environ-mental Risk, and Mitchell Schmidt is now senior vice president...
How to Write the Diverse Business of Lawyers Professional Liability
Nov 6 2005 // Managing the risk of lawsuits against lawyers. With more than a quarter million law firms in the United States, the lawyers’ professional liability market represents a huge opportunity for retail agents and wholesale...
News Briefs
Nov 6 2005 // Asian Quake Death Toll Over 50,000: The 7.6 magnitude earthquake that struck near Muzaffarabad in Pakistan-administered Kashmir on Oct. 8 killed over 50,000 people in the country. Another 1,400 died on the Indian side of...
Professional liability ripples
Nov 6 2005 // urricane Katrina has long gone, but the aftereffects of the mighty storm are likely to linger for a very long time. Rita and Wilma have compounded the mess. The direct losses are staggering. The latest preliminary figures...
Mitchell, Gray Join Specialty Risk Associates in Shreveport
Nov 2 2005 // Shreveport, La.-based Specialty Risk Associates Inc. announced that Kelli Mitchell and Carolyn Gray have joined the firm as commercial line underwriters. Mitchell will be working at the new headquarters building on Fern...
Specialty Risk Services Adds Director of Fraud Management
Oct 25 2005 // Specialty Risk Services LLC, a third-party property-casualty third administrator for workers’ compensation and general liability claims, has appointed Timothy Barry to director of Special Investigative Unit and Fraud...
Lamparelli Joins E&S Broker Connecticut Underwriters
Oct 24 2005 // Nick Lamparelli recently joined Connecticut Underwriters, Inc. and will be based out of the firm’s Portsmouth, New Hampshire office. Lamparelli joins the firm as a commercial lines underwriter. He will focus on new...
HCC Holdings Buys Lloyd’s Syndicate Manager Illium
Oct 24 2005 // Houston-based HCC Insurance Holdings, Inc. is purchasing the remaining 80 percent that it does not already own in U.K.- based holding company, Illium Insurance Group Ltd. Illium, which commenced operations in 2004, is the...
Prettejohn Stresses Underwriting Discipline, Reforms in Keynote Speech to ACORD Forum
Oct 21 2005 // Lloyd’s CEO Nick Prettejohn, in what may be his last major address as Lloyd’s CEO (See IJ Web site Oct. 17 and 18), told those assembled for the ACORD Forum in London that underwriting discipline continues to...
Lloyd’s Note on Prettejohn
Oct 18 2005 // In a brief announcement Lloyd’s acknowledged the announcement by the U.K.’s Prudential Plc that CEO Nick Prettejohn will leave his post at the end of the year to become chief executive of the company’s...