Latest Excess Surplus Headlines

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...

Oct 17 2005 // Willis Group Holdings has appointed Vincent D. Liotta as executive vice president and production director of the Willis Re U.S. Specialty Practice. Earlier this year Willis Re merged its Global Marine, Aviation, Retro and...

IJ Publisher, Dickinson Receive NAPSLO’s Dana Roehrig Award

Oct 17 2005 // The National Association of Surplus Lines Offices awarded the Dana Roehrig Award, an annual honor given to association volunteers, to Insurance Journal’s Publisher Mark Wells and Marti Dickinson of All Risks...

Surplus Lines Industry Discusses Life After the Storm

Oct 17 2005 // NAPSLO 2005 ANNUAL CONVENTION: With more than 3,200 people in attendance, the National Association of Professional Surplus Lines Offices’ annual convention convened in San Francisco, Calif., last month to address the...

Skywire Software Rolls Out Policyware for MGAs, E&S Brokers

Oct 13 2005 // Frisco, Texas-based Skywire Software, a diversified software company with a concentration on the insurance industry, announced the launch of Policyware, a centralized, Web-based agency management system designed...

Specialty Underwriters’ Alliance: No Expected Losses from Hurricanes

Oct 13 2005 // Chicago-based Specialty Underwriters’ Alliance Inc. reported that it does not expect any losses related to the recent hurricane activity. SUA President and Chief Executive Officer Courtney Smith stated, “Our...

Specialty Underwriters’ Alliance Partners with Appalachian Underwriters

Oct 12 2005 // Specialty Underwriters’ Alliance Inc. announced a new partner agent contract with Appalachian Underwriters, Inc., which specializes in small artisan and general contractors business such as carpentry, electricians,...

Prime to Write N.M. Surplus Lines

Oct 12 2005 // The Prime Insurance Syndicate Inc. has received approval to write surplus lines insurance business in the state of New Mexico effective as of Oct. 6. Prime, which offers solutions for hard-to-place risks, will offer lines...

Hiscox: Rita Losses $70 Million; Ups Katrina Estimates, 2006 Premium Limit

Oct 10 2005 // The U.K.-based Lloyd’s and specialty insurer Hiscox Plc issued a statement indicating that its preliminary loss estimates from Hurricane Rita are around $70 million. Hiscox also said that, based on current industry...

AIG Excess Casualty to Offer Coverage for Risks Insured with Insolvent Carriers

Oct 10 2005 // AIG Excess Casualty, a division of American Home Assurance Company, a member company of American International Group Inc., introduced xsInResponse, a new product that provides excess liability coverage for risks previously...