All the headlines from our Excess Surplus Topic Page, ordered by recency.
Aug 5 2014 // State Auto Financial Corp. reported net income for the second quarter 2014 that was nearly 50 percent less than its net income for the same period in 2012, while net written premium increased in Q2 2014 compared with Q2...
Jul 29 2014 // Aon Benfield Analytics’ Market Analysis team has launched its latest Lloyd’s Update report, covering the market’s business position in 2014, strategy over the next three years and financial results in...
Jul 28 2014 // A.M. Best has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a+” of Lloyd’s and Lloyd’s Insurance Company (China) Limited (LICCL)...
Jul 24 2014 // A.M. Best has released a preliminary report, which indicates that the “total insurance loss of Malaysia Airlines Flight MH-17, which crashed over the Ukraine-Russia border on July 17, 2014, is not expected to result...
Jul 24 2014 // San Diego, CA, 07/24/14 – National third party administrator (TPA) American Claims Management, Inc. (ACM) was chosen by Golden Insurance Company Risk Retention Group (RRG) to manage its general liability and excess...
Jul 22 2014 // Wholesale insurance broker Cooper Gay Swett & Crawford (CGSC) has launched an underwriting management agency specializing in the healthcare industry. The new venture, Pro-Praxis Insurance, will be led by Robert Allen...
Jul 21 2014 // Hard market or soft, having an active relationship with at least a couple of excess and surplus lines (E&S) wholesalers is typically required for agencies to be successful. For as long as insurance has been part of...
Jul 21 2014 // The combination of Validus Holdings and Western World Insurance Group fills in “missing pieces” for both organizations, Validus’ chairman said in late June, detailing finer points of a $690 million deal...
Jul 21 2014 // Insurers Hiscox Ltd., Beazley Plc and Catlin Group Ltd. are reaping the benefits of the U.S. market, according to a report from SNL Financial. SNL data shows how the three companies with significant participation in the...
Jul 21 2014 // Things have changed a bit for the surplus lines industry since the Non-admitted and Reinsurance Reform Act, (NRRA) part of the Dodd-Frank Wall Street reform legislation, passed in 2010.The NRRA’s implementation has...
Jul 17 2014 // Fitch Ratings is forecasting that 2014 will end up as the second consecutive year of underwriting profits for the property/casualty industry with modest increase in the combined ratio. But the results for 2014 won’t...
Jul 17 2014 // Ridesharing services are becoming increasingly popular among consumers looking for a more convenient alternative to taxis or other forms of public transportation, and new ridesharing companies have been cropping up...
Jul 15 2014 // A bulletin on the Lloyd’s website asks “how did our insurable value measures fare as predictors of success on the pitch,” following the conclusion of the World Cup in Brazil?Lloyd’s said its...
Jul 11 2014 // Swiss-based Allied World Assurance Company Holdings, AG announced that it has added Excess D&O coverage to its existing management liability product suite in the Canadian market.The announcement said the “Excess...
Jul 10 2014 // A recent ruling from the Fifth Circuit Court of Appeals in Louisiana clarified that an umbrella policy may be triggered even when the underlying insurance is exhausted by claims that would not be covered by the umbrella...
Jul 10 2014 // Specialty Insurance Group (SIG) has been launched by three specialty and risk insurance veterans, Greg Mosher, David Harris and Lowery Robinson, to provide custom programs for the needs of the sports, leisure and...
Jul 10 2014 // Three specialty and risk insurance veterans have launched Specialty Insurance Group (SIG) to provide custom programs for the sports, leisure and entertainment markets. The new Indianapolis-based firm is a member company of...
Jul 10 2014 // Hammond, LA, 7/10/14– Atlantic Specialty Lines (ASL), a wholesale broker and specialty lines MGA offering a variety of property, casualty, auto, professional, and personal lines coverages, continues its expansion by...
Jul 9 2014 // IFG Companies hired Michael G. Vought as president of Excess and Umbrella. He will be based in IFG’s New York City office and will be responsible for building and leading IFG’s Excess and Umbrella business...
Jul 9 2014 // Foster Farms and its London insurers are facing off over the definition of “product recall” as the poultry producer seeks payment of $14.2 million in claims arising from a government-mandated shutdown of one of...