All the headlines from our Excess Surplus Topic Page, ordered by recency.
Jul 8 2013 // On July 3, Richard Ward, chief executive officer of Lloyd’s, announced his intention to resign at the end this year.“This has not been an easy decision to make but, as Lloyd’s longest-serving CEO, I...
Jul 3 2013 // Berkshire Hathaway Specialty Insurance — the new commercial P/C insurance unit of Berkshire Hathaway — appointed Lori Spoon Rafkin as senior vice president, customer and broker engagement. Spoon Rafkin was...
Jul 1 2013 // Swiss Reinsurance Co. and Lloyd’s of London, the world’s oldest insurance market, are among insurance companies being probed by New York’s insurance regulator about their compliance with an expanded Iran...
Jul 1 2013 // First quarter results for U.S. property/casualty insurers show they made a profit on underwriting for the first time since late 2009.Private U.S. property/casualty insurers’ net income after taxes rose to $14.4...
Jul 1 2013 // Andrew Torrance has been named the new president and CEO of Novato, Calif.-based Fireman’s Fund Insurance, succeeding Lori Dickerson Fouche who left for Prudential Financial. Torrance, Fireman’s Fund’s...
Jun 28 2013 // Guy Carpenter & Co., LLC, a global risk and reinsurance specialist and member of Marsh & McLennan Cos. have launched Mutual Company Specialty Practice which will focus exclusively on the needs of mutual insurance...
Jun 26 2013 // Aon Benfield Analytics’ Market Analysis team has released its latest Lloyd’s Update report, covering the market’s 2012 financial results and business position in 2013The report highlights the following...
Jun 25 2013 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 1225, which is...
Jun 24 2013 // First quarter results for U.S. property/casualty insurers show they made a profit on underwriting for the first time since late 2009.Private U.S. property/casualty insurers’ net income after taxes rose to $14.4...
Jun 21 2013 // During the past 20 to 30 years typical business dealings between wholesale insurance brokers and retail agents have evolved from being purely transactional experiences to those that are highly dependent upon relationships...
Jun 20 2013 // Berkshire Hathaway Specialty Insurance officially announced the appointment of Dan Fortin as senior vice president, executive and professional lines. Fortin was previously senior vice president of CNA Specialty.Berkshire...
Jun 20 2013 // Guy Carpenter & Co., LLC, a global risk and reinsurance specialist and member of Marsh & McLennan Cos., has released the findings of its eighth annual Specialty Insurance Program Issuing Carrier Survey. The survey,...
Jun 19 2013 // The nonprofit, state-supervised property insurance agency for coastal Texas counties is expected to shore up its finances by the end of the year, the group told a state House panel on June 17.Pete Gise, who handles the...
Jun 17 2013 // Freedom Specialty Insurance Co. has launched the Freedom Lease Protection Plan policy, which is designed to indemnify multifamily property owners and managers (POMs) against collection losses from tenant defaults. POMs can...
Jun 17 2013 // A large solar storm could leave tens of millions of people in North America without electrical power for several months, if not years, potentially costing trillions of dollars.That’s according to Lloyd’s...
Jun 14 2013 // Berkshire Hathaway’s Berkshire Hathaway Specialty Insurance, its recently formed commercial property casualty insurance group, has commenced operations, underwriting property, casualty, professional and executive...
Jun 13 2013 // Ryan Specialty Group’s ThinkRisk Underwriting Agency announced three new hires in its Northeast offices: Jonathan Koppel, Katie Duff and Nicole Simmons.Koppel joins ThinkRisk as a senior underwriter. He is based in...
Jun 13 2013 // Mitsui Sumitomo at Lloyd’s has affirmed its commitment to grow its Marine Liability business with the appointment of Simon Engelen as Class Underwriter.Engelen will join Mitsui Sumitomo at Lloyd’s later this...
Jun 13 2013 // RenRe and AffiliatesA.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Renaissance Reinsurance Ltd. (RenRe) and Renaissance...
Jun 6 2013 // ProSight Specialty Insurance, a global insurance group in the construction industry, has launched a new product that will provide residential and commercial contractors with additional cash flow through a “payas you...