All the headlines from our Excess Surplus Topic Page, ordered by recency.
Dec 30 2010 // Lloyd’s year-end review shows that, like the rest of the industry it faced a number of challenges in a difficult year. Low interest rates diminished investment returns for insurers, while the soft market provided...
Dec 22 2010 // 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 21 2010 // The States appear poised, through inaction, to leave untold millions of dollars in premium tax revenue “on the table” when the Nonadmitted Insurance and Reinsurance Reform Act (NRRA) becomes the law of the land...
Dec 20 2010 // December is often a time of reflection on what we’ve achieved, where we’ve stumbled and what lessons we will take forward into the New Year.When Lloyd’s published its three-year strategy earlier this...
Dec 17 2010 // Lloyd’s has appointed David Lang, former chairman of the market’s Claims Service Review Board, as the new head of claims. He replaces Kent Chaplin who is moving to Singapore to become the new head of...
Dec 17 2010 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit rating of “aa-” of Lloyd’s Syndicate 2001, which is managed by...
Dec 17 2010 // R-T Specialty has been appointed as the exclusive administrator for General Star’s NutraAdvantage program.NutraAdvantage offers specialty liability coverage for natural and organic supplements manufacturers,...
Dec 17 2010 // Lloyd’s has appointed Kent Chaplin as the new head of its Asia Pacific operations based in Singapore, replacing Keith Stern who is now Lloyd’s regional manager for the UK and Ireland.From January 2011, Chaplin...
Dec 15 2010 // Allied World Reinsurance has launched a global Marine and Specialty Division that will initially offer reinsurance for marine, aviation, satellite and crop reinsurance on a global basis. Allied World Re U.S. has appointed...
Dec 10 2010 // The wholesale brokerage unit of Pat Ryan’s Ryan Specialty Group LLC, has acquired one of the nation’s largest executive and professional liability intermediary specialists.R-T Specialty LLC acquired Bloomfield,...
Dec 9 2010 // Liberty International Underwriters U.S. (LIU) has launched an Excess and Surplus Lines (E&S) Property product. This product provides wholesale brokers with a new market for their clients’ commercial property...
Dec 7 2010 // “Water scarcity is a pressing problem around the world – and not just in countries that have an arid climate,” warned Lloyd’s in its latest 360 Risk Insight report.“Water is a critical...
Dec 7 2010 // One provision under new surplus lines insurance reform legislation was made easier to implement now that a national online producer database has expanded to meet the licensing needs of surplus lines brokers.The National...
Dec 6 2010 // PowerGuard Specialty Insurance Services, a managing general agent and Lloyds cover holder specializing in insurance and risk management solutions for the wind and solar energy industries, added Fred Hilsendager as vice...
Dec 5 2010 // The federal financial services reform act signed by President Barack Obama in July 2010 contained a provision reforming the way surplus lines insurance premiums are reported and taxed. The Nonadmitted and Reinsurance...
Dec 1 2010 // The world really gets no respite from global weather events. Just as the hurricane season draws to a close, the European windstorm season, which usually lasts around four months, starts up.In its examination of the onset...
Nov 30 2010 // Todd Teitell, executive vice president and branch leader of AmWINS Brokerage of Texas in Dallas, has been elected president of the Texas Surplus Lines Association Inc.Other elected TSLA officers for the coming year...
Nov 29 2010 // Willis Group Holdings’ annual Marine Market Review has concluded that “while the shipping industry is showing tentative signs of recovery, the surplus capacity in the marine insurance market defies logic as...
Nov 24 2010 // The National Conference of Insurance Legislators (NCOIL) has adopted a revised version of the Surplus Lines Multi-State Insurance Compact (SLIMPACT) as well as a resolution urging the states to amend their insurance laws...
Nov 24 2010 // “Risk-taking lies at the heart of business operations, and it can also lead to problems if not handled properly,” said Anil Puri, dean of Mihaylo College of Business and Economics at Cal State Fullerton. Thus,...