Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
What is Finite Risk Reinsurance? A Definitive Explanation
Jul 4 2005 // Recent insurance industry investigations have begun to put prior finite reinsurance transactions under a microscope, creating the need to re-examine this reinsurance product, but more importantly determine its role in the...
Best Affirms Markel’s Lloyd’s Syndicate 3000 Ratings
Jul 1 2005 // A.M. Best Co. announced that it has affirmed its Syndicate Rating of “A” (Excellent) and the issuer credit rating of “a” of Lloyd’s Syndicate 3000 which is managed by Markel Syndicate...
Treasury Report on Terrorism Insurance: Exec Summary
Jun 30 2005 // The following is the Introduction and the Executive Summary of the June 30, 2005 report from the Treasury Department on the Terrorism Risk Insurance Act of 2002 including its assessment of the act and recommendations for...
American E&S Rolls Out Oil and Gas Program
Jun 30 2005 // The Houston office of American E&S recently announced a new Oil and Gas Insurance program. The program focus is Oil and Gas Exploration and Production Companies. This new program features Control of Well insurance...
Aspen Forecasts Specialty Lines 2005 Premium Growth
Jun 29 2005 // Bermuda-based Aspen Insurance Holdings Limited announced that it is updating its guidance relating to annual growth in its gross written premiums for 2005. The company now expects growth between 20 and 25 percent higher...
N.J. Surplus Lines Board Names Nelson as Executive Director
Jun 22 2005 // The New Jersey Surplus Lines Association board of directors announced the hiring of Vicky Nelson as the association’s new executive director. She replaces Margaret Raphael who officially exited the post in...
What is Finite Risk Reinsurance? A Definitive Explanation
Jun 20 2005 // Recent insurance industry investigations have begun to put prior finite reinsurance transactions under a microscope which creates the need to re-examine this reinsurance product, but more importantly determine its role in...
People
Jun 20 2005 // Gerald O’Neill has been named NBIS vice president of underwriting. O’Neill comes to NBIS with more than 20 years of insurance experience in the brokerage and reinsurance community. O’Neill has held...
Peck Promoted to VP at Western Surplus Lines
Jun 17 2005 // Western Surplus Lines Agency Inc. in Abilene, Texas, announced that Frank Peck has been promoted to the position of vice president. Peck will be involved in the overall management operations of Western with his continued...
Sierra Specialty Insurance Services Officially Open for Business
Jun 16 2005 // Sierra Specialty Insurance Services Inc. of Fresno, California was incorporated in March of 2005 and officially opened for business earlier this month. Sierra Specialty was formed by several local insurance professionals...
St.Paul/Travelers Signs up for Lloyd’s Kinnect Platform
Jun 8 2005 // St Paul/Travelers (SPT) has become the latest Lloyd’s market insurer to pledge its support for the Kinnect electronic platform that has been in development for the last three years. The SPT division, which operates...
Miscellaneous E&S
Jun 6 2005 // Nuts & Bolts: CRC Insurance Services, based in Atlanta, Ga., is offering a new E&S market for businesses such as cosmetics manufacturing, playground equipment distributor, skateboard ramp manufacturing,...
Ocasek Describes Stamping Office Operations at AAMGA University
Jun 6 2005 // Illinois’ surplus line association chief offered a history and overview of the group’s activities in a presentation to the 9th annual meeting of the American Association of Managing General Agents in Orlando,...
Susan Kearney
Jun 6 2005 // Mark Hagan Gerald O’Neill Venture Programs, a national provider of insurance programs based in West Chester, Pa., has promoted two senior staff members to vice president positions. Susan Kearney was appointed vice...
People
Jun 6 2005 // Venture Programs, a national provider of insurance programs based in West Chester, Pa., has promoted two senior staff members to vice president positions. Susan Kearney was appointed vice president of Venture Hospitality,...
Ocasek Describes Stamping Office Operations at AAMGA University
Jun 6 2005 // Illinois’ surplus line association chief offered a history and overview of the group’s activities in a presentation to the 9th annual meeting of the American Association of Managing General Agents in Orlando,...
Argonaut Group Expands with Launch of Argonaut Specialty
Jun 6 2005 // Argonaut Group Inc., headquartered in San Antonio, is expanding its commitment to the wholesale insurance market with the creation of a new company, Argonaut Specialty, which will target accounts that are somewhat larger...
People
Jun 6 2005 // Higginbotham & Associates, a privately held insurance brokerage firm based in Fort Worth, Texas, named commercial property and casualty broker Scott Fitzgerald as vice president to reflect his increased 2004 sales...
The British Are Coming! No – They’re Already Here
Jun 6 2005 // Over 200 years ago Paul Revere rallied the Minutemen with the cry: “The British are coming!” He’d be somewhat surprised to learn of today’s more benign invasion by a number of British insurance...
OneBeacon Purchases Renewal Rights for Chubb’s Hospital Professional Liability, Managed Care E&O Books
Jun 1 2005 // OneBeacon Professional Partners has purchased the renewal rights to the hospital professional liability and managed care errors & omissions books of business from Chubb Specialty Insurance (CSI). OneBeacon will renew...
