All the headlines from our Excess Surplus Topic Page, ordered by recency.
Apr 20 2011 // Lloyd’s insurer Chaucer plc has issued a statement endorsing the terms of a recommended cash acquisition of the entire issued and to be issued ordinary share capital of Chaucer by 440 Tessera Limited (BidCo), a...
Apr 19 2011 // Lloyd’s insurer Sportscover has taken another step in its plans for expansion with the announcement that it has appointed a “highly respected Bloodstock underwriter, Robin Blunt.”He has been in the...
Apr 18 2011 // The Council of Lloyd’s has announced that John Nelson is to be appointed as the next Chairman. He will take up the position in October of this year, succeeding current Chairman Lord Peter Levene, who has served in...
Apr 18 2011 // Mitsui Sumitomo at Lloyd’s confirmed that it is to establish branches in Dublin and Belfast as part of its expansion plans. The new operation will be headed by Alan Shiel, formerly the Ireland Country Manager at...
Apr 13 2011 // Freedom Specialty Insurance Co. has launched its First Choice excess policy form. The coverage includes: Policy follows “followed policy,” easy to ensure terms match the “followed policy” Reduction...
Apr 8 2011 // Enforcement actions taken by Texas Insurance Commissioner Mike Geeslin that became final during February 2011 resulted in fines and restitution totaling $920,170. The Texas Department of Insurance announced that the...
Apr 6 2011 // Chaucer Syndicates Limited announced a new partnership with Nakhodka Re in Moscow and RFIB Ltd in London to launch SeaLine, as the first Lloyd’s coverholder in Russia.“Chaucer and RFIB acted as sponsors to...
Apr 4 2011 // Lloyd’s has insured a football player’s hair, the anatomical attributes of various celebrities, and even a Frenchman’s heroic crossing of the English Channel in a bathtub.So, where else would English...
Apr 4 2011 // Ohio Gov. John R. Kasich signed legislation continuing Ohio’s involvement in the surplus lines insurance market, the governor’s office announced. House Bill 122 permits the director of the Ohio Department of...
Apr 4 2011 // Editor’s Note: This is the first of a two-part article on compliance with the Nonadmitted and Reinsurance Reform Act.The Nonadmitted and Reinsurance Reform Act (NRRA), Subtitle B, Part I, Dodd-Frank Wall Street...
Apr 1 2011 // WIAA Insurance Services, the general agency arm of the Western Insurance Agents Association (WIAA) has expanded their relationship with MarketScout Wholesale (MSW) and a select excess and surplus carrier. WIAA Insurance...
Apr 1 2011 // Chicago-based R-T Specialty, the wholesale brokerage unit of Ryan Specialty Group, reports it has closed on the acquisition of American E&S Insurance Brokers (AES) from Wells Fargo Insurance Services.RT Specialty...
Apr 1 2011 // His voice was a little husky, but Luke Savage – Lloyd’s Director of Finance, Risk Management and Operations – was still pleased to talk to the IJ about Lloyd’s financial results for 2010, which were...
Mar 30 2011 // The Lloyd’s of London insurance market is confident it can deal easily with claims from Japan’s earthquake even though natural disasters almost halved its profit last year.Lloyd’s said its businesses had...
Mar 30 2011 // Lloyd’s of London announced an overall profit of £2.195 billion ($3.522 billion) for 2010, a significant decrease from the record £3.868 billion (more than $6.2 billion) it recorded in 2009.The earnings report also...
Mar 29 2011 // Ship owners are calling on governments to curb the escalating threat from the increasingly audacious attacks by Somali pirates. The attacks are being blamed for “strangling key maritime supply routes and for costing...
Mar 28 2011 // Ironshore Canada Ltd. created a specialty casualty division to underwrite insurance coverages for general liability, as well as umbrella and excess liability programs. Stephen Stewart has been named vice president to head...
Mar 25 2011 // Indianapolis, Ind. – Mar 25 2011 – Protective Specialty Insurance Company (PSIC) has expanded its product offerings to include Technology Professional Liability, Architects and Engineers Professional Liability...
Mar 23 2011 // Ohio Gov. John R. Kasich has signed legislation continuing Ohio’s involvement in the surplus lines insurance market, the governor’s office announced.House Bill 122 permits the director of the Ohio Department of...
Mar 23 2011 // Pending state legislative proposals, such as California’s AB 315, that would implement the Nonadmitted and Reinsurance Reform Act of 2010 (NRRA) are akin to the fly in the ointment.The NRRA becomes effective on July...