All the headlines from our Excess Surplus Topic Page, ordered by recency.
Feb 28 2011 // The Bermuda-based Argo Group International Holdings announced that Bruno Ritchie has joined the company to lead Argo Assurances, Argo Group’s new Paris-based underwriting platform for large specialty risks. The new...
Feb 25 2011 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Endurance Specialty Insurance Ltd. and its affiliates. Best also affirmed...
Feb 25 2011 // R-T Specialty LLC announced it has hired Michele Booth as an inside broker for the company’s La Jolla, Calif., office. Booth will work directly with Eileen Jolly on professional and executive liability placements....
Feb 24 2011 // Capitol Insurance Cos. of Middleton, Wis., announced that Kevin A. Klestinski has been named vice president of Property & Casualty Underwriting, Richard F. Boettner has been promoted to director of Underwriting –...
Feb 22 2011 // Directors and officers (D&O) liability insurance is gaining traction as more companies are increasing their D&O liability limits and a growing number with international operations are also purchasing D&O...
Feb 21 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...
Feb 21 2011 // The California Insurance Wholesalers Association honored David F. Anderson, chairman of Anderson & Murison, with its Wholesale Industry Award.Anderson was a founding president of CIWA from 1991 to 1993. He served on...
Feb 21 2011 // Lloyd’s of London has appointed Rodney Smith to serve as the regional director for Lloyd’s newly established Southeast region. Smith will be based in Atlanta, Georgia and be responsible for market development...
Feb 18 2011 // The UK’s Conservative government recently announced the long awaited regulatory reform proposals for financial services, covering both banks and insurers.They are far reaching, and will require changes in the way the...
Feb 18 2011 // Mitsui Sumitomo at Lloyd’s has made five appointments to its corporate, mid-market and regional distribution teams as the UK non-life insurer continues its expansion drive.The corporate team has been strengthened by...
Feb 14 2011 // A bulletin on the Lloyd’s web site notes that CEO Richard Ward “met with representatives from the China Insurance Regulatory Commission (CIRC) in Beijing last week, including the commission’s Vice...
Feb 10 2011 // The Nonadmitted and Reinsurance Reform Act (NRRA), Subtitle B, Part I, Dodd-Frank Wall Street Reform and Consumer Protection Act, will usher in a new era of premium taxation and regulation for surplus lines insurance on...
Feb 10 2011 // Ryan Specialty Group (RSG) has acquired New York-based Concord Specialty Risk, a managing general underwriter and consultant that provides transactional risk insurance and loss mitigation-evaluation services. Terms of the...
Feb 10 2011 // The loss of market share in the surplus lines sector of the property/casualty insurance industry will turn around when standard carriers begin to experience negative results from the non-standard business they’ve...
Feb 9 2011 // The members of the Surplus Line Association of California (SLA) have elected Patrick Hanley as their chairman. Hanley is president of Socius Insurance Services Inc. in San Francisco.Other officers elected for the 2011 term...
Feb 9 2011 // Bailed-out insurer American International Group Inc. said it would take a $4.1 billion charge at its Chartis unit after a review showed higher-than-expected claims on older policies for asbestos exposure and workers’...
Feb 8 2011 // The California Insurance Wholesalers Association has honored David F. Anderson, chairman of Anderson & Murison, with its Wholesale Industry Award.Anderson was a founding president of CIWA from 1991 to 1993. He served...
Feb 8 2011 // Specialist insurer Beazley announced that it is broadening its coverage of environmental risks, first launched by its U.S. company, by “establishing an environmental risks underwriting capability at Lloyd’s,...
Feb 7 2011 // Great American Insurance Group, headquartered in Cincinnati, Ohio, announced that Michael G. “Mike” Liguzinski will succeed John W. Sullivan as divisional president, Specialty Human Services Division, upon...
Feb 7 2011 // Chicago-based R-T Specialty, the wholesale brokerage unit of Ryan Specialty Group, has agreed to purchase the wholesale insurance business of American E&S Insurance Brokers (AES) from Wells Fargo Insurance Services.R-T...