excess capacity News

Tangram Teams With Markel on Propane and Fuel Distributors Program

Tangram Insurance Services, a managing general agency, and Markel Corp. have launched a program to provide excess liability capacity above Tangram’s current offering in the propane and fuel distribution niche. Tangram’s program provides coverage for dealers and distributors of fuel …

Everest Insurance Expands Umbrella, Excess Casualty Offering

Everest Insurance has expanded its umbrella and excess casualty offering with their new Peak Protect policy form. Peak Protect is an enhanced commercial umbrella policy form. Everest has also included Crisis Event Protection coverage on the new form, with an …

Iron-Starr Forms Underwriting Alliance with Oil Casualty Insurance

Ironshore Inc. has added Oil Casualty Insurance, Ltd. (OCIL) as a subscribing insurer to Iron-Starr Excess Agency Ltd. for Financial Lines business. Iron-Starr currently underwrites on behalf of Ironshore Insurance Ltd. (IIL), Starr Insurance & Reinsurance Ltd., Hamilton Re Ltd. …

Best Maintains Negative Outlook on Global Reinsurance Sector

A.M. Best announced that it is holding to “its 2016 outlook for the global reinsurance sector at negative, citing the significant ongoing market challenges that will hinder the potential for positive rating actions over time and may eventually translate into …

ACE Enhances Excess Casualty Coverage for Middle Market Companies

ACE Group has expanded its range of excess casualty corporate risk coverages to provide more extensive protection to middle market clients. The enhanced offerings, available for businesses with revenues up to $1 billion, include ACE’s new AB Umbrella Form, a …

Willis’ Report Sees Energy Market ‘Softening’

“Too much capacity chasing an insufficient amount of premium in both the downstream and upstream energy markets will cause a general softening of the energy market in the remainder of 2013,” according to to Willis latest Energy Market Review Newsletter. …

Arch Insurance Group’s Contract Binding Operations Launch Excess Liability Capacity

Arch Insurance Group, a subsidiary of Arch Capital Group Ltd., has increased limits of up to $5 million on its general liability coverage in the newly-formed Contract Binding Operations. The Arch Contract Binding Operations unit, which started operations earlier this …