All the headlines from our Excess Surplus Topic Page, ordered by recency.
Nov 23 2010 // Sierra Specialty of Clovis, Calif., has added Jean Silberstein as a broker to expand the company’s presence in Hawaii. Silberstein moved to Hawaii in 1978 and worked in the insurance wholesale business before...
Nov 19 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...
Nov 18 2010 // Lloyd’s has posted a warning on its web site that it has discovered it’s “subject to a recruitment scam (Recruitment Fraud) in which people are being offered fictitious employment opportunities with...
Nov 17 2010 // A government audit of the Tennessee Department of Commerce and Insurance (TDCI) has found that the agency has managed to reduce costs and operate efficiently during the economic downturn.In fact, the state...
Nov 17 2010 // As the deadline to implement the surplus lines insurance modernization bill — or the Nonadmitted & Reinsurance Reform Act (NRRA) in the Dodd-Frank Act — quickly approaches, some of the nation’s...
Nov 15 2010 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of AXIS Specialty Limited (AXIS) and its operating affiliates. Best also...
Nov 14 2010 // Accused swindler Allen Stanford may not use $100 million in a Lloyd’s of London directors and officers insurance policy to pay the lawyers defending him on charges of running a $7 billion fraud, a U.S. judge in Texas...
Nov 14 2010 // Sean McGovern, Lloyd’s general counsel and, since February 2010, the director of Lloyd’s North America, may still have time to pursue his favorite pastime – sailing – but he may find it more...
Nov 14 2010 // Connecticut-based managing general agency Business Risk Partners has named Mark Bradway as director of broker relations. He has worked in specialty liability for over a decade. He began his career at wholesale broker Swett...
Nov 14 2010 // Companies that seek longevity in the insurance industry should not focus solely on increasing profits. That’s the assessment of Robert P. Hartwig, president and economist for the Insurance Information Institute....
Nov 12 2010 // A.M. Best Europe – Rating Services Limited has affirmed the Best’s Syndicate Rating of ‘A’ (Excellent) and issuer credit rating of “a+” of Lloyd’s Syndicate 609, which is managed...
Nov 11 2010 // A.M. Best Europe – Rating Services Limited has affirmed the Best’s Syndicate Rating of ‘A’ (Excellent) and issuer credit rating of “a+” of Lloyd’s Syndicate 570, which is managed...
Nov 10 2010 // A.M. Best Europe – Rating Services Limited has affirmed the Best’s Syndicate Rating of ‘A’ (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 33, which is...
Nov 10 2010 // If enforcement actions taken by the Texas Department of Insurance this year in response to late filing of surplus lines insurance policies with the state stamping office were meant to capture the attention of managing...
Nov 9 2010 // Florida insurance officials have agreed that three Bermuda-based reinsurers can participate in Florida’s insurance marketplace without having to post millions of dollars in extra collateral.The Office of Insurance...
Nov 9 2010 // Specialty insurer Torus appointed Catherine Miller to head of E&S General Property.Based in Jersey City, Miller will manage general property business written through wholesale brokers throughout the United States....
Nov 8 2010 // Companies that seek longevity in the insurance industry should not focus solely on increasing profits. That’s the assessment of Robert P. Hartwig, president and economist for the Insurance Information Institute. In...
Nov 8 2010 // While extreme weather events on earth continue to cause a lot of damage and loss of lives, a “much larger global threat is on the horizon, warns a new study in Lloyd’s 360 series – “Space weather...
Nov 4 2010 // Lloyd’s announced that it will open a representative office in Russia next year.The bulletin indicated that a “dedicated country manager will enable Lloyd’s to better understand and explore opportunities...
Nov 4 2010 // France’s SCOR Group announced that the Lloyd’s Market Franchise Board has given its “in principle” approval to the creation of Syndicate 2015. The “final arrangements and approval” could...