All the headlines from our Excess Surplus Topic Page, ordered by recency.
Apr 22 2014 // Bermuda-based Endurance Specialty Holdings has announced that Richard Housley has joined the company this week as Executive Vice President and Global Practice Leader for Property Insurance.He has extensive experience in...
Apr 21 2014 // U.S. property/casualty insurers’ net income after taxes grew to $63.8 billion in 2013 from $35.1 billion in 2012, with insurers’ overall profitability as measured by their rate of return on average...
Apr 21 2014 // Lloyd’s has published a more detailed strategy for 2014-2016, setting out how it will work towards achieving its goals, embodied in its “Vision 2025” Plan, which details “how the Corporation will...
Apr 16 2014 // Attorneys representing Liberty Mutual Insurance Co. averting what could have been a $43 million payout in damages this week characterized the California court case a cautionary tale for insurers.The case is Heide Kurtz v....
Apr 16 2014 // RPX Corp., a provider of patent risk management products, has launched a new insurance service for businesses facing patent infringement litigation with non-practicing entities (NPEs). As a coverholder at Lloyd’s,...
Apr 15 2014 // Ironshore Specialty Casualty, the specialty insurance unit of Ironshore Inc., has expanded its crisis management coverage to include a product recall enhancement for product manufacturers. Ironshore’s “Crisis...
Apr 14 2014 // Specialty Insurance Managers Inc., a managing general agent based in Austin, Texas, has begun offering a new high value homeowners insurance program in Texas, New Mexico, Arkansas, Oklahoma, Missouri and Kansas, with plans...
Apr 13 2014 // A dispute over how much an insurance company owes Webster County for its burned courthouse has moved into federal court.The Webster County Board of Supervisors and Atlantic Specialty Insurance Co. have sued each other,...
Apr 11 2014 // Secure Settlements, Inc. (SSI),a data intelligence and risk analytics company for the mortgage industry, has partnered with RFIB Group Ltd. and certain underwriters at Lloyd’s of London to offer a new product that...
Apr 11 2014 // The Catlin Group Limited (CGL) announced from its Singapore, office the formation of the General Aviation Consortium at Lloyd’s Asia to write General Aviation insurance and reinsurance risks based in the Asia-Pacific...
Apr 10 2014 // Aon Plc, the broker that was criticized by Lloyd’s of London for a deal with Warren Buffett’s Berkshire Hathaway Inc., said the relationship actually helps make the U.K. insurance market more...
Apr 10 2014 // ProSight Specialty Insurance and Tangram Insurance Services Inc. have added a package insurance product offering for the companies’ joint Community First Insurance Program serving social service organizations. The...
Apr 9 2014 // Transportation Network Companies like Uber, Lyft and Sidecar should bear the insurance burden when they encourage drivers to use their personal vehicles to transport passengers for a profit, according to recommendations...
Apr 7 2014 // With 40 percent premium growth in 2013, Berkshire Hathaway climbed five spots in the U.S. excess and surplus lines (E&S) ranking by SNL Financial, while QBE scaled back its North American operations and fell three...
Apr 7 2014 // Shreveport, La.-based Specialty Risk Associates Inc. announced that Cody Faust joined the firm as a commercial lines underwriter. Prior to joining Specialty Risk, Faust worked in marketing and business development for a...
Apr 6 2014 // If you run in libertarian circles, you hear a lot about lawsuits. It’s the obvious recourse for anyone who wants less regulation but can’t bring themselves to insist that, say, chemical companies should be...
Apr 6 2014 // The Marquis de Sade’s scandalous and sexually graphic novel “120 Days of Sodom” has come back home.Written in prison in 1785 — just before the French Revolution — and described by the Marquis...
Apr 4 2014 // General Star Management Co. has enhanced its coverage for specialty training operations and seeks those that are privately operated providing classroom or physically active training in which participants are engaged in...
Apr 2 2014 // Hudson Insurance Group has acquired Motor Transport Underwriters Inc. (MTU), an underwriting, claims and risk management specialist in the long-haul trucking arena with which Hudson does business.The announcement said MTU...
Apr 2 2014 // When Torus Insurance was founded by first Reserve, headed by Clive Tobin in 2008, the worst effects of the financial crisis were just beginning to bite, but they bit pretty hard. The company, although well run, and...