Latest Excess Surplus Headlines

All the headlines from our Excess Surplus Topic Page, ordered by recency.

American Safety Adds 3 Underwriters

Feb 4 2010 // Atlanta-based specialty insurer American Safety Insurance (ASI) has hired several new underwriters at regional locations throughout the country.In its New Jersey office, Robert Williams joins ASI as a senior excess...

OneBeacon Selling Personal Lines Business to Tower Group

Feb 3 2010 // Massachusetts-based OneBeacon Insurance Group has agreed to sell its personal lines business to Tower Group Inc. in a deal that comprises two affiliate insurers and two reciprocal insurance exchanges in New York and New...

Surplus Lines Association of California Elects New Officers

Jan 29 2010 // The Surplus Lines Association of California elected new officers and directors at its annual meeting. The officers are: Chairman Les Ross of Crump Insurance Services Inc.; Vice Chairman Pat Hanley of Socius Insurance...

Liberty International Underwriters Restructures Specialty Casualty Unit

Jan 28 2010 // Liberty International Underwriters (LIU), a division of Liberty Mutual Group, restructured its U.S. Specialty Casualty unit. The following organizational changes are effective immediately:Carl Pursiano has been named chief...

Lloyd’s Ordered to Pay Alleged Swindler Stanford’s Defense Costs

Jan 27 2010 // A U.S. federal judge ordered insurer Lloyd’s of London Tuesday to pay for alleged swindler Allen Stanford’s defense.Stanford and three other defendants sued the insurer after Lloyd’s stopped providing...

Markel Selects Wilson to Direct International Development

Jan 25 2010 // Markel International has appointed Simon Wilson to the role of director, international development. He joins Markel International from Lloyd’s. For the last three years, he was Lloyd’s general representative in...

People

Jan 24 2010 // Todd Richardson has been promoted to regional vice president – State Auto Middle Markets Insurance (SAMMI) for the company’s Western region, which includes Utah, Colorado, Arizona, Oklahoma and Texas....

New York Sees Promise in Own London-Like Market

Jan 24 2010 // A recently announced plan by New York’s governor to boost his state’s financial services industry by recreating the New York Insurance Exchange has drawn the attention of insurance industry executives and...

Tragedy in Haiti; XL Moves to Ireland; NYC Exchange Doesn’t Worry London; WEF Prepares for Davos

Jan 24 2010 // The tragedy in Haiti is a reminder of how fragile life can be in developing countries.Despite the massive loss of life and widespread destruction in and around the capital Port-au-Prince, vital rescue efforts have been...

Enloe Named VP at Specialty Risk Services

Jan 20 2010 // Betsy Enloe has been appointed vice president of technology at Specialty Risk Services, a subsidiary of The Hartford that specializes third party administration for workers’ compensation and liability claims Enloe,...

In Memoriam: NAPSLO Founder Blodgett

Jan 19 2010 // Insurance industry veteran and National Association of Professional Lines Offices (NAPSLO) founder A. Mason Blodgett died peacefully on Jan. 14, 2010, at age 94.Blodgett’s insurance career spanned more than seven...

Best Affirms Aspen’s ‘A’ Ratings

Jan 19 2010 // A.M. Best Co. has affirmed the financial strength ratings of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a” of Aspen Insurance UK Limited (AIUK), Bermuda-based Aspen Insurance Limited...

People

Jan 10 2010 // New York-based insurance wholesaler Russell Bond & Co. has promoted Margaret J. Arnold to assistant vice president-controller. She is a 20-year veteran of the firm.In addition, the company has also promoted Derek...

New York Plans First Steps to Creating Lloyd’s Competitor

Jan 10 2010 // New York regulators are aggressively pursuing plans for a reincarnation of the New York Insurance Exchange and expect to finish assembling a “working group” of industry insiders within the next two months who...

East Meets West

Jan 10 2010 // The Hanover Insurance Group Inc.’s CEO Frederick H. Eppinger expects the western United States to be a key growth driver for the super-regional insurer in the next several years. Having entered into a renewal rights...

Denton to Lead Argo Group’s U.S. Specialty Property Initiative

Jan 8 2010 // Argo Group International Holdings Ltd. announced that its San Antonio-based Excess and Surplus Lines (E&S) business segment has appointed Michael Denton as senior vice president of its specialty property...

TriSystems Readies New ‘Cost-Effective’ Platform for Lloyd’s Brokers

Jan 8 2010 // Jeff Ward, a director of London Market reform technology specialists TriSystems, and his colleagues have been busy lately. They’ve been working on the latest version of an electronic communications service for...

Lloyd’s Analyzes New and Changing Risks

Jan 7 2010 // The start of a new decade is always a time to take stock in what the past has brought, and what the future may bring. As part of its “360 Risk Insight” series, Lloyd’s of London queried “a cross...

New York Plans First Steps to Creating Lloyd’s Competitor

Jan 6 2010 // New York regulators are aggressively pursuing plans for a reincarnation of the New York Insurance Exchange and expect to assemble a “working group” of industry insiders within the next two weeks who will guide...

Most Property Reinsurance Rates Down at January Renewal As Capital Rebounds

Jan 5 2010 // Reinsurance rates across most lines of property catastrophe business declined at the Jan. 1, 2010 renewal, according to a briefing by Guy Carpenter & Co., LLC.Guy Carpenter’s World Catastrophe Rate on Line (ROL)...