All the headlines from our Excess Surplus Topic Page, ordered by recency.
Apr 26 2012 // Maritime risk management firm Lloyd’s Register has shut its operations in Iran and can no longer vouch for the safety of the OPEC member’s fleet due to Western sanctions, the head of the company told...
Apr 26 2012 // Lloyds of London insurer Canopius said it has agreed to buy rival Lloyd’s insurer Omega after raising its offer to £164 million ($265.6 million) in a recommended cash deal.Canopius said on Wednesday it will pay 67...
Apr 19 2012 // Assurant, a New York-based provider of specialty insurance and insurance-related products and services, celebrated its 120th anniversary Wednesday by ringing the ceremonial closing bell at the New York Stock Exchange,...
Apr 19 2012 // The Catlin Group Limited announced that it has been granted approval by the China Insurance Regulatory Commission [CIRC] to open and operate a wholly owned representative office in Beijing. The office will be headed by...
Apr 17 2012 // A new analysis shows that while the private U.S. property/casualty insurers suffered deteriorating results in 2011, they still ended the year with a strong and improved fourth-quarter.Private U.S. P/C insurers’ net...
Apr 16 2012 // San Diego, CA, 4/16/2012 – Atlas General Insurance Services, LLC, a San Diego based program administrator, is pleased to name Greg Mosher President of Atlas Specialty Insurance Services, a new division of Atlas...
Apr 16 2012 // BB&T Corp., Crump GroupBB&T Corp., a major regional bank and insurance broker based in Winston-Salem, N.C., completed its previously announced acquisition of insurance businesses from Crump Group, a Roseland,...
Apr 16 2012 // Great American Insurance GroupCincinnati, Ohio-based Great American Insurance Group’s environmental division opened a regional office in New York City. The expansion complements the environmental division’s...
Apr 16 2012 // (A full version of this article, as well as exclusive podcasts featuring Hanover CEO Frederick Eppinger, is available on InsuranceJournal.com)Eight out of 160 years of history may not seem like a big deal but for Hanover...
Apr 16 2012 // Eight out of 160 years of history may not seem like a big deal but for Hanover Insurance Group, founded in 1852, the last eight years have seen a series of big deals.Eight years ago in 2004, the $2.4 billion heavily...
Apr 11 2012 // Davenport University in Michigan announced it is introducing a new risk management and insurance specialty within its Bachelor of Business Administration in Management program beginning in the fall of 2012.Farmers...
Apr 11 2012 // A.M. Best Europe – Rating Services Ltd. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 958, which is managed...
Apr 9 2012 // Kemper Corp. has changed the name of its Unitrin Specialty business to Kemper Specialty, effective April 9, 2012. The next step will be to rebrand the Unitrin Direct business in the near future, the company...
Apr 5 2012 // Endurance Specialty Holdings said Michael Angelina, its chief risk officer and chief actuary, will be leaving the company to take a university post in Philadelphia. Michael Angelina Angelina will assume the position of...
Apr 4 2012 // Kyle Stevens, president and CEO of Western Security Surplus Insurance, announced organizational changes in the Dallas office and a new hire for WSS’ Roseville, Calif., office.Jennie Reed has been promoted to senior...
Apr 3 2012 // Eight out of 160 years of history may not seem like a big deal but for Hanover Insurance Group, founded in 1852, the last eight years have seen a series of big deals.Eight years ago in 2004, the $2.4 billion heavily...
Apr 3 2012 // Chicago-based Ryan Specialty Group said its subsidiary RSG Underwriting Managers is acquiring WKFC Underwriting Managers in New York. Terms of the transaction were not disclosed.Ryan Specialty Group CEO Patrick G....
Apr 2 2012 // While debates over property insurance and no-fault auto insurance consumed the attention of state officials and the media, Florida lawmakers quietly dealt with several other insurance issues, including workers’...
Mar 29 2012 // At first glance that statement may seem a little strange, considering that Lloyd’s reported an overall loss for the year of £516 million ($822 million). But considering that overall insured losses for the year from...
Mar 28 2012 // The loss, announced today by Lloyd’s of London, shows just how severe the second costliest year for catastrophes on record for the insurance industry actually was. Lloyd’s announced a loss of £516 million...