All the headlines from our Excess Surplus Topic Page, ordered by recency.
Nov 8 2012 // Even an extreme $40 billion scenario for property/casualty insurance industry losses from Hurricane Sandy would not drive material rating changes for insurers, analysts at Fitch Ratings said today.In a report providing a...
Nov 8 2012 // Xchanging, the business process, procurement and technology services provider and integrator, announced that it has been awarded a contract to build the platform for the Lloyd’s Claims Reporting Suite (CRS).Xchanging...
Nov 8 2012 // Lloyd’s has a good reputation in Europe, but managing agents need to become more client focused to be successful on the continent, explained Inga Beale, Group Chief Executive at Canopius Group Ltd. in an article on...
Nov 6 2012 // Risk retention groups reported an underwriting loss but a net income gain in the first half of 2012, according to a review of their financial data by the Ohio-based actuarial firm Demotech.RRGs continued to grow and...
Nov 6 2012 // Berkley Technology Underwriters, LLC, a Minneapolis-based global technology underwriter, has been accredited as a Coverholder on behalf of Lloyd’s of London. As a Coverholder, Berkley Technology Underwriters is able...
Nov 6 2012 // Berkley Technology Underwriters, LLC, a Minneapolis-based global technology underwriter and part of the W.R. Berkley Group, announced that it has “been accredited as a Coverholder on behalf of Lloyd’s of...
Nov 5 2012 // The National Association of Insurance Commissioners (NAIC) acts as the trade association for state insurance commissioners. The Nonadmitted and Reinsurance Reform Act of 2010 (NRRA) delegated to the NAIC responsibility for...
Nov 5 2012 // Excess casualty insurance rates continued to rise in the third quarter of 2012, as insurers sought higher prices amid increasing claims and litigation trends, and a low interest rate environment, insurance broker Marsh...
Nov 5 2012 // Excess casualty insurance rates continued to rise in the third quarter of 2012, as insurers sought higher prices amid increasing claims and litigation trends, and a low interest rate environment, insurance broker Marsh...
Nov 1 2012 // Lloyd’s has appointed Andy Haste as senior independent deputy chairman on the Council of Lloyd’s. Haste, whose three-year term starts on Nov.1, has more than 30 years of international financial services...
Oct 25 2012 // There are now 78 operating syndicates at Lloyd’s; 88, including Special Purpose and RITC syndicates. Although no new ones have so far joined Lloyd’s this year; three syndicates have transferred ownership:...
Oct 24 2012 // A meeting slated for Thursday called for by California Insurance Commissioner Dave Jones to deal with “force-placed” insurance has cast the dye for debate on whether such insurance should be filed in the...
Oct 24 2012 // Argo Group International Holdings, Ltd., an international underwriter of specialty insurance and reinsurance products, will expand its offerings in the international casualty marketplace to include treaty reinsurance...
Oct 24 2012 // Insurance wholesaler Insurance Program Managers Group (IPMG), based in St. Charles, Ill., has added Terry Dowty as specialty lines practice leader.Dowty has more than 25 years of expertise in all areas of insurance. He has...
Oct 22 2012 // By Michael AdamsFlorida’s state-backed property insurer has put the brakes on its plan to loan private insurers up to $350 million in surplus while it addresses a growing wave of criticism from lawmakers, elected...
Oct 22 2012 // TWFGTexas-based The Woodlands Financial Group (TWFG) announced a substantial expansion of its network, adding new branches in multiple states, from California to Virginia. Many of the new branch managers are former...
Oct 22 2012 // MJ Insurance, Mead & CompanyProperty/casualty and employee benefits agency, MJ Insurance, has acquired Indianapolis-based Mead & Company. Mead & Company is a multi-generational family business operated by the...
Oct 22 2012 // Bollinger, The Morville AgencyShort Hills, N.J.-based insurance brokerage Bollinger Inc. has acquired The Morville Agency of Newton, N.J. The Morville Agency specializes in insuring New Jersey public entities. The...
Oct 18 2012 // Specialty property casualty insurer Philadelphia Insurance Companies has named Scott Bayer as senior vice president of Excess and Surplus Lines and promoted Tony Angelo to regional vice president for the Southeast. In his...
Oct 17 2012 // Excess casualty insurance rates continued to rise in the third quarter of 2012, as insurers sought higher prices amid increasing claims and litigation trends, and a low interest rate environment, insurance broker Marsh...