All the headlines from our Excess Surplus Topic Page, ordered by recency.
Jan 12 2012 // R-T Specialty LLC, the wholesale broker of Ryan Specialty Group LLC, has acquired Texas-based insurance wholesale firm Maclean, Oddy & Associates Inc. (MOA). MOA is a specialist broker for unusual property and casualty...
Jan 11 2012 // Lloyd’s announced the appointment of Charles Franks as a non-executive director on the Lloyd’s Franchise Board. The Board, which was established in 2003, is responsible for the day-to-day management of the...
Jan 10 2012 // Endurance Specialty Holdings promoted Mark Boland to the position of senior vice president, primary casualty insurance. In his new role, Boland will lead Endurance’s U.S. wholesale primary casualty insurance...
Jan 9 2012 // Florida lawmakers are considering allowing surplus lines carriers to help Citizens Property Insurance Corp. lose some of its 1.5 million policyholders. State Sen. Garrett Richter (R-Naples) and Rep. Jim Boyd (R-Bradenton)...
Jan 9 2012 // Verne Cadwell has been named vice president of the crop hail division at Grinnell Mutual Reinsurance Co. located in Grinnell, Iowa.Cadwell’s promotion follows a 12-year career at Grinnell Mutual, where he has served...
Jan 6 2012 // Momentous Insurance Brokerage has formed an equine specialty practice to provide insurance coverage for horse-related businesses and private horse owners.The equine practice launched at the start of the year and will offer...
Jan 4 2012 // lloyd’s insurer Ascot Underwriting Ltd. announced that it has formed the Strategic Power Consortium, which it described as a “dedicated technical underwriting vehicle for the power and utilities...
Dec 29 2011 // An article on the Lloyd’s of London web site notes that while millions of people have been out an about shopping this holiday season, “an increasing number are choosing to shop from the comfort of their homes...
Dec 27 2011 // Private U.S. property/casualty insurers’ net losses on underwriting grew to $34.9 billion in nine-months 2011 from $6.3 billion in nine-months 2010. The combined ratio deteriorated to 109.9 percent for nine-months...
Dec 21 2011 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength ratings of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of Lloyd’s Syndicate 2623, Lloyd’s...
Dec 20 2011 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit rating (ICR) of “aa-” of Lloyd’s Syndicate 2001, which is...
Dec 16 2011 // Itasca, Ill.-based Euclid Insurance Services Inc. (Euclid) has hired Daniel Aronowitz and four other nationally recognized specialty insurance experts to form Euclid Specialty Managers LLC (Euclid Specialty).Euclid...
Dec 15 2011 // Florida has added one more name to the growing list of offshore reinsurers who can do business in the state under a new law allowing them to reduce their capital and collateral requirements.The Florida Office of Insurance...
Dec 9 2011 // Florida lawmakers are considering allowing surplus lines carriers to participate in the depopulation programs of the state’s largest homeowner insurer in an effort to reduce its policyholder rolls.Citizens Property...
Dec 8 2011 // U.S. business leaders are as concerned as their European counterparts over a talent and skills shortage, despite record unemployment levels across much of the U.S.The talent risk was number two in a survey conducted by...
Dec 7 2011 // A subsidiary of Ryan Specialty Group will administer a new transactional liability and tax insurance facility after entering new trading relationships with three carriers.Concord Specialty Risk will have the capacity to...
Dec 7 2011 // Losing customers and struggling to find talented workers are the top two risks facing business leaders across the world, according to a new report published by Lloyd’s.The report, based on a global survey of 500...
Dec 6 2011 // 5Star Specialty Programs has expanded its Auto Dealers program to 43 states. With these new markets, the coverage is nationwide, except in Ark., Conn., D.C., Hawaii, Mass., Minn., N.J. and R.I.DEALERsure covers rural and...
Dec 6 2011 // RSA announced the appointment of Steve Slingsby as Global Program Director for Global Specialty Lines (GSL). He will work closely with the specialty lines teams, supporting the running of the GSL business.Paul Donaldson,...
Dec 5 2011 // Torus announced that it has entered into an agreement with Starr Underwriting Agents Limited whereby Torus Syndicate 2243 acquires the renewal rights to CV Starr Syndicate 1919’s Continental European Marine,...