All the headlines from our Excess Surplus Topic Page, ordered by recency.
Mar 19 2012 // Lloyd’s insurer Sportscover – Syndicate 3334 – announced that “as part of its continuing diversification into specialist areas of business,” it will launch a specialty lines division, effective on the...
Mar 19 2012 // This article is part of our Hot Insurance Markets for 2012 special feature.Healthcare is one of the country’s largest industries. Annual spending on healthcare in the U.S. tops $2.6 trillion, more than 16 percent of...
Mar 19 2012 // Recent data from Florida indicate that the economics for a multistate surplus lines tax allocation clearinghouse are unworkable. There simply is not enough multistate surplus lines tax to support the cost of a...
Mar 15 2012 // While their debates over property insurance and no-fault auto insurance consumed the attention of state officials and the media, Florida lawmakers were quietly dealing with several other insurance issues including...
Mar 8 2012 // Arkansas-based surplus lines broker Argenia has created a new Florida program designed to cover the reduction of coverage under Citizens Property Insurance Corp. homeowners policies.The program provides high enough...
Mar 6 2012 // A bill that would allow surplus lines policies to directly assume policies from Florida’s state-run property insurer is all but dead after lawmakers tacked on an amendment that would require policyholders to sign-up...
Mar 6 2012 // Protective Specialty Insurance Co. has launched a pair of new errors and omissions products for insurance agents. One product will cater to life insurance agents, and the other will be tailored to property/casualty...
Mar 6 2012 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Bermuda-based Endurance Specialty Insurance Ltd. and its affiliates. Best...
Mar 5 2012 // The Inland Marine Underwriters Association (IMUA) has voted Swiss Re America senior vice president Peter Opinante to assume the chairmanship of the board. Opinante, who served as deputy chair, fills the seat vacated by...
Mar 5 2012 // As the economy continues to languish, and competition for revenue becomes fiercer, it is important for companies to retain and protect their key talent. Beyond financial incentives, businesses must consider the full...
Mar 2 2012 // American International Group disclosed in its annual report that Chartis management decided last year to cease writing excess workers’ compensation business as a stand-alone product — as “part of its...
Mar 1 2012 // It hasn’t been the best of times for America’s Main Street businesses. Often facing overwhelming competition from big box stores, many small businesses face an uphill battle from the outset and more than a few...
Feb 28 2012 // Navigators Management Company Inc. (NMC) has launched a new operating unit that will focus on working exclusively with wholesale brokers in the United States.“We have always enjoyed tremendous relationships with the...
Feb 27 2012 // Recent data from Florida indicate that the economics for a multistate surplus lines tax allocation clearinghouse are unworkable. There simply is not enough multistate surplus lines tax to support the cost of a...
Feb 24 2012 // On July 3, 2011, while returning to their home in Houston, Texas, from an annual family road trip to Colorado, the Berry family found themselves victims of a tragic, fatal car accident.The Berry family’s minivan,...
Feb 22 2012 // Hartford Financial Services Group announced three senior management appointments, including Tom Tucker as chief underwriting officer of commercial markets and head of specialty casualty. He will start his post at The...
Feb 21 2012 // HCC Specialty’s Crisis Management Division will begin offering excess product contamination limits for large U.S. food and beverage companies. The company’s “Super Excess” facility will allow the...
Feb 16 2012 // State Auto Financial Corp., headquartered in Columbus, Ohio, reported fourth quarter 2011 net income of $100.6 million, or $2.49 per diluted share, versus $37.6 million, or $0.94 per diluted share, for the fourth quarter...
Feb 16 2012 // Starr Companies appointed Bob Coords as head of Starr Specialty Reinsurance, a division of Starr Indemnity & Liability Company.Coords comes from Chartis where he had been serving as president of the reinsurance...
Feb 16 2012 // General Re Corp. in Stamford, Conn. announced that Patricia H. Roberts will retire as president and CEO of General Star Management Co. and Genesis Management and Insurance Services Corp. effective March 1.Robert M. Jones,...