All the headlines from our Excess Surplus Topic Page, ordered by recency.
May 27 2010 // The insurance company paying jailed Texas financier R. Allen Stanford’s legal bills said this week it is tired of supporting his revolving door of attorneys and already has spent more than $6 million on lawyers from...
May 27 2010 // Great American Insurance Group, based in Cincinnati, Ohio, has promoted Kirk A. Bull and Mark R. Lonneman.Bull was promoted to divisional president of the Great American Custom Division. Bull has served as divisional...
May 26 2010 // Markel International, a subsidiary of Markel Corp. that operates in the Lloyd’s market, has launched a new trade credit division. Ewa Rose, who joined Markel earlier this year, has been named as managing director of...
May 25 2010 // “Ordnance Survey (OS) data is now publicly available for free, giving insurers access to crucial information to aid risk assessment,” states a bulletin on the Lloyd’s web site (www.lloyds.com).Making the...
May 24 2010 // IronHealth, the specialty healthcare division of Ironshore Inc., has introduced a Physician Group Practice liability product, offering coverage for groups of 10 or more physicians,including the entity and its ancillary...
May 21 2010 // The U.S. Senate approved a sweeping Wall Street reform bill Thursday night, capping months of wrangling over the biggest overhaul of financial regulation since the 1930s.By a vote of 59-39, the Senate approved S. 3217, the...
May 19 2010 // Lloyd’s CEO Richard Ward issued a warning to insurance chiefs to prepare for a tough year ahead with the fall-out from large scale catastrophes, such as the Chilean earthquake and Transocean oil spill, likely to be...
May 19 2010 // “Lloyd’s China has been granted a license by the China Insurance Regulatory Commission (CIRC) to write direct insurance in addition to their existing reinsurance license,” said a bulletin on its web site...
May 17 2010 // A.M. Best Co. has affirmed the Best’s Syndicate Rating of ‘A’ (Excellent) and issuer credit rating of “a+” of Lloyd’s Syndicate 1225, which is managed by AEGIS Managing Agency Limited ,...
May 12 2010 // American E&S Insurance Brokers has appointed Bob Grimaldi as the newest broker in its Atlanta branch. Reporting to Branch Manager Jud Hobby, Grimaldi will focus on property coverages with a specialty in layered coastal...
May 11 2010 // New Jersey Insurance Commissioner Tom Considine praised new, bipartisan legislation that would grow the reinsurance market and create a captive insurance market in the Garden State.The captive insurance bill was put...
May 11 2010 // PURE Risk Management LLC, based in White Plains, N.Y., is expanding its Privilege Underwriters Reciprocal Exchange (PURE), a member-owned reciprocal insurer, to offer comprehensive, customized property and casualty...
May 7 2010 // W. R. Berkley Corp. has appointed Collin J. Suttie as president of Berkley Medical Excess Underwriters LLC (BerkleyMed) in St. Louis, Mo. Suttie succeeds BerkleyMed founder J. Michael Foley, who will continue to be...
May 5 2010 // Hirsch Insurance Agency opened its doors for business on April 24, 2010, in Houston, Texas. The newly created agency is founded by Zachary Alan Hirsch. Hirsch Insurance will specialize in lawyers professional liability, as...
May 4 2010 // Excess and surplus insurers endured another year of declining premiums in 2009, writing 7.5 percent fewer direct premiums versus the prior year, according to SNL Financial’s analysis of the U.S. E&S market. The...
May 3 2010 // Western National Insurance Group in Edina, Minn., reported $5.5 million increase in policyholder surplus during the first quarter of 2010 over the amount reported at the end of 2009, as well as a 4 percent rise in the...
May 3 2010 // The U.S. property/casualty industry’s profitability as measured by their rate of return on average policyholders’ surplus (or statutory net worth) increased by 5.8 percent in 2009, while private P/C...
May 3 2010 // It is probably fair to say that just about every town has a restaurant or tavern. Thus, pursuing these commercial risks is probably close to a no-brainer. Before you take that first step, however, be aware that these risks...
May 3 2010 // Louisiana House Bill 285 by Rep. J. Kevin Pearson, R-Slidell, which exempts surplus lines from filing rates and forms, has passed the state’s House of Representatives.The Louisiana Surplus Lines Association supports...
May 3 2010 // The acquisition of wholesale insurance broker Colemont Insurance Brokers by its competitor AmWINS Group gives AmWINS entry into international markets for the first time and a bigger presence in Texas, where Colemont is...